Welcome to our dedicated page for Micron Technology news (Ticker: MU), a resource for investors and traders seeking the latest updates and insights on Micron Technology stock.
Micron Technology, Inc. (NASDAQ: MU) is a leading American semiconductor company, specializing in the production and innovation of memory and data storage solutions. Based in Boise, Idaho, Micron is renowned for its dynamic random-access memory (DRAM), flash memory, and USB flash drives. Micron’s consumer products, such as the Ballistix line of memory modules, are marketed under the Crucial® brand.
As one of the largest semiconductor companies globally, Micron serves a diverse range of markets, including data centers, mobile, consumer electronics, industrial, and automotive applications. The company’s integrated model enables it to oversee the entire production process, ensuring high-quality and innovative solutions. Micron’s DRAM remains the primary revenue driver, with additional contributions from NAND flash memory.
Recent highlights include the introduction of the 4150AT SSD, designed for automotive applications. This SSD boasts enterprise-class speeds and enhanced multi-tasking capabilities, making it ideal for the evolving needs of software-defined vehicles. Micron’s innovation extends to the 2500 SSD, a client SSD that leverages advanced QLC NAND technology to lead in performance and reliability, enhancing everyday computing experiences.
Micron’s strategic investments, buoyed by federal and state incentives such as the $6.1 billion from the CHIPS and Science Act, have paved the way for groundbreaking projects in Idaho and New York. These projects are set to create thousands of jobs and significantly boost U.S. semiconductor manufacturing capabilities.
In the realm of high-capacity memory, Micron has achieved another milestone by shipping its 128GB DDR5 RDIMM memory. This product, powered by the 1β (1-beta) technology, offers superior performance, efficiency, and latency, catering to the demanding needs of data centers and AI applications.
Micron’s commitment to community development is also evident, as demonstrated by its $20 million investment in Community Development Financial Institutions (CDFIs). This initiative aims to bolster financial inclusion and economic opportunities in underserved communities.
For more information about Micron Technology, Inc., visit micron.com.
Micron Technology has announced the qualification of its 6550 ION NVMe SSD, the world's fastest 60TB data center SSD and first E3.S PCIe Gen5 60TB SSD. The device delivers 12GB/s performance while consuming only 20 watts of power, offering up to 20% better energy efficiency than competitors. Notable features include best-in-class endurance with 1.0 random drive writes per day, industry-leading security features, and the ability to store over 1.2 petabytes per rack unit. The drive can be fully written in just 3.4 hours, significantly faster than competing solutions, and reduces rack storage needs by up to 67%.
Micron Technology (MU) announced significant leadership changes as Board Chair Bob Switz will retire at the annual shareholders meeting on January 16, 2025. The Board unanimously approved CEO Sanjay Mehrotra as the new Board Chair and Lynn Dugle as Lead Independent Director. Since joining the Board in 2006 and becoming Chair in 2012, Switz helped drive strong governance and strategy, with the company increasing revenues over five times. Under Mehrotra's leadership since 2017, Micron has become a technology, product, and manufacturing leader, introducing multiple generations of DRAM and NAND ahead of competitors.
Micron Technology announced that its 9550 PCIe Gen5 E1.S data center SSDs have been added to NVIDIA's recommended vendor list for the GB200 NVL72 system. The 9550 SSD demonstrates superior performance metrics, delivering up to 34% higher throughput for NVIDIA Magnum IO GPUDirect and 33% faster workload completion times in graph neural network training. Additionally, it achieves 81% less SSD energy consumption per 1TB transferred and up to 43% lower SSD power in GNN training with BaM compared to other industry offerings.
Micron Technology (Nasdaq: MU) has launched a new category of clock driver memory with its Crucial® DDR5 CUDIMM and CSODIMM solutions, now shipping in volume. These JEDEC-standard solutions offer speeds up to 6,400 MT/s, more than twice as fast as DDR4 and 15% faster than traditional non-clock-driver-based DDR5. The new memory modules feature a clock driver directly on the module to stabilize speeds, addressing scaling challenges in DDR5 performance.
Intel has validated Micron's DDR5 CUDIMM and CSODIMM solutions up to 64GB capacities for use with Intel® Core™ Ultra processors. This enables system capacities up to 256GB for AI PCs and high-end workstations. Consumers can purchase 16GB capacities through Crucial.com, with 64GB capacities available through the channel in the first half of 2025.
Micron Technology reported strong results for Q4 and full fiscal year 2024. Q4 revenue reached $7.75 billion, up 93% year-over-year, driven by robust AI demand and record data center DRAM and NAND sales. GAAP net income was $887 million ($0.79 per diluted share), while non-GAAP net income was $1.34 billion ($1.18 per diluted share).
For the full fiscal year 2024, revenue totaled $25.11 billion, with GAAP net income of $778 million ($0.70 per diluted share) and non-GAAP net income of $1.47 billion ($1.30 per diluted share). The company generated $8.51 billion in operating cash flow for the year.
Micron expects continued growth, forecasting Q1 2025 revenue of $8.70 billion ± $200 million and diluted EPS of $1.54 ± $0.08 (GAAP) or $1.74 ± $0.08 (non-GAAP). The company also declared a quarterly dividend of $0.115 per share.
Micron Technology (Nasdaq: MU) has launched the Crucial P310 2280 Gen4 NVMe SSD, offering high-performance storage for gamers, students, and creatives. Key features include:
- 7,100 MB/s sequential read and 6,000 MB/s write speeds
- Up to 2TB capacity
- 40% faster than Crucial's P3 Plus
- 20% faster in real-world tasks than other Gen4 SSDs
- Up to 40% better performance-to-power ratio
The SSD is available in M.2 2280 form factor, with a heatsink version for PlayStation 5 and desktop gaming PCs coming soon. It's now available through Crucial's website and select retailers, backed by a five-year warranty.
Micron Technology (Nasdaq: MU) has announced its upcoming fiscal fourth quarter and full-year 2024 earnings conference call, scheduled for Wednesday, September 25, 2024, at 2:30 p.m. Mountain time. The event will be accessible via a live webcast on the company's investor relations website. Investors and interested parties can tune in to hear Micron's financial results and potentially gain insights into the company's performance for the fiscal year 2024. Replay options will be available on the website for approximately one year following the call, allowing for extended access to the presentation and discussion.
Micron Technology (Nasdaq: MU) has announced the development of the industry's first PCIe Gen6 data center SSD for ecosystem enablement. This technology delivers sequential read bandwidths of over 26GB/s, showcasing Micron's storage technology leadership. The company will present its AI-focused innovations at the Future of Memory and Storage (FMS) 2024 event.
Micron's presence at FMS will highlight its AI product leadership in memory and storage solutions. The company will demonstrate various products, including the world's fastest data center SSD (Micron 9550), MRDIMM for high-performance main memory, and the Micron 2650 NVMe SSD for enhanced user experience. Micron experts will participate in several sessions, discussing topics such as AI workloads, power efficiency, and storage technologies.
Micron Technology (Nasdaq: MU) has announced upcoming investor events where company executives will participate in fireside chats. These events include:
- The KeyBanc Capital Markets Technology Leadership Forum in Vail, Colorado on Monday, August 5, at 9:00 a.m. Mountain time.
- Deutsche Bank's 2024 Technology Conference in Dana Point, California on Wednesday, August 28, at 9:45 a.m. Mountain time.
Investors and interested parties can access live webcasts and subsequent replays of these presentations through Micron's Investor Relations website at investors.micron.com. These events provide opportunities for investors to gain insights into Micron's strategies and performance directly from company executives.
Micron Technology (Nasdaq: MU) has announced volume production of its ninth-generation (G9) TLC NAND flash technology, marking an industry first. The G9 NAND boasts the highest transfer speed of 3.6 GB/s, offering superior bandwidth for data-intensive applications like AI. It's 73% denser than competing technologies, enabling more compact storage solutions.
The Micron 2650 NVMe SSD, integrating G9 NAND, delivers exceptional performance, surpassing competitors in PCMark® 10 testing with up to 38% higher scores. It offers up to 7,000 MB/s sequential read speeds and outperforms competitors by up to 156% in random read operations. The G9 NAND is now available in the Micron 2650 SSD for client OEMs and is in qualification for component form and consumer-based Crucial SSDs.
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