MU Earnings: Sold Out Capacity, Record Sales... Why We're Cautious.

Micron just reported a record-breaking quarter with $13.6 billion in revenue and confirmed that their capacity is fully booked through 2026. We analyze the company's impressive sequential growth and the Q2 outlook which implies a 132% year-over-year revenue increase. Additionally, we clarify the misunderstanding regarding the company's decision to exit its direct-to-consumer memory unit versus its ongoing sales to PC and smartphone manufacturers.<br>

Despite the strong performance, we remain prudent regarding valuation and the cyclical nature of the industry. We break down the adjusted free cash flow metric, which adds back Chips Act incentives , and discuss how significant capital expenditures for equipment are impacting profitability.

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<br>Content in this video is for general information or entertainment only and is not specific or individual investment advice. Forecasts and information presented may not develop as predicted and there is no guarantee any strategies presented will be successful. All investing involves risk, and you could lose some or all of your principal.<br>#Micron #MU #Semiconductors #ChipStocks #Investing #StockMarket #AI #TechStocks #Earnings #Finance