Micron: HBM tabanlı büyüme için rekor satışlar ve 250 milyar dolarlık yatırım planı

Kısaca

Q4 gelir 11,32 milyar dolardan 39,8 milyar dolara DRAM gelirinin 343% artmasıyla yükseldi Yıl içi yeni fab ve iki yeni kampüs yatırımı için 250 milyar dolar taahhütü duyuruldu Birinci çeyrek gelir hedefi yaklaşık 61,5 milyar dolar; düzeltilmiş hisse başına kazanç 38,15 dolar

Ana mesele

Micron’un ilan ettiği güçlü freze iletildiği için yatırım güveni güçleniyor

Ne değişti?

Q4’da gelir bir önceki yıla göre neredeyse dört katına çıktı; net gelir 37,7 milyar dolar

Beni nasıl etkiler?

Piyasa belirsizliğini azaltan ve bellek talebine bağlı değerlemeleri iyileştiren göstergeler

Ne oldu?

Micron, talebin AI altyapısı için hızla artmasıyla gelir ve zararın üstüne çıktı

Neden şimdi?

Yapay zeka modellerinin ve bellek yoğun iş akışlarının hızla artmasıyla bellek talebi tarihi seviyelere yaklaşıyor

Neden önemli?

HBM liderliği için dev yatırım ve yeni üretim kapasitesi, rekabet avantajı ve görünüm etkileyebilir

Kimler etkileniyor?

• Yatırımcılar yüksek talep ve büyüme sinyalleriyle olumlu tepki verebilir
• Tedarik zinciri oyuncuları bellek fiyatları üzerinde etkili olabilir

Sektör ve piyasa etkisi

HBM ve bellek talebindeki güç merkezi alanda olumlu yansıyabilir

Riskler

• küresel talep değişimleri
• üretim maliyetlerindeki artış
• siyasi/jeopolitik etkenler

Takip edilmesi gerekenler

• Bir sonraki çeyrek sonuçları ve doğal talepteki değişimler
• HBM üretim kapasite geliştirme ilerleyişi

Haberin tamamı

Micron reported better-than-expected quarterly results on Wednesday as the memory maker continues to benefit from soaring demand for AI infrastructure. The stock rose slightly in extended trading.

Revenue almost quadrupled in the fiscal fourth quarter from $11.32 billion a year earlier, according to a statement .

For the fiscal first quarter, Micron said it expects revenue of about $61.5 billion and adjusted earnings per share of $38.15. Analysts polled by LSEG had expected $35.40 in adjusted earnings per share on $57 billion in revenue.

Micron's stock has soared more than 500% in the past year, benefiting from a worldwide supply crunch caused by historic levels of demand for memory chips needed for artificial intelligence models and workloads. The shortage has led to a spike in memory costs and resulted in increased prices for consumer electronics like Apple 's iPads and MacBooks.

Hendi Susanto, portfolio at Gabelli Funds, said in an email after the release that it was "another strong beat and raise for Micron."

"At this point, I have not heard any negative data points pointing to the memory cycle reversing toward a decline anytime soon for the foreseeable future," Susanto wrote.

Micron is the only U.S.-based maker of high-bandwidth memory, HBM, made up of stacks of general-purpose dynamic random-access memory, or DRAM. Fourth-quarter DRAM revenue increased 343% from a year ago to $39.8 billion, representing 73% of total sales.

CEO Sanjay Mehrotra said on the earnings call that the company has a "strong roadmap for future HBM products" and is working with Nvidia on the industry's "first custom HBM implementation."

Net income in the latest quarter climbed to $37.7 billion, or $32.87 per share, from $3.2 billion, or $2.83 per share a year ago.

Advanced graphics and central processors from chip giants like Nvidia and AMD need increasing amounts of HBM to handle AI workloads, and the world's leading providers can't make enough.

That's why Micron is investing $250 billion to build two new campuses for making HBM. The largest broke ground in Clay, New York, in January, while its first new fab in Boise, Idaho, is scheduled to come online next year.

HBM leaders SK Hynix and Samsung are also in the midst of massive new HBM factory buildouts in their home country of South Korea. Micron holds the smallest HBM market share of the three, but its market cap has still topped $1.2 trillion.

Mehrotra participated in a summit on AI regulation hosted by President Donald Trump on Tuesday, days after attending a White House dinner with Chinese President Xi Jinping on his first visit to the U.S. in more than a decade.

On the call, Mehrotra said Micron increased compensation for every employee in fiscal 2026. Hundreds of Micron staffers threatened to strike at its factories in Taiwan over labor negotiations and pay. Similar strikes at rivals SK Hynix and Samsung have result in bonuses upwards of $500,000 .

WATCH: Micron's $50 billion buildout in its hometown of Boise is minting millionaires

Kaynaklar

• CNBC - Top News