Micron Expertise (MU) reported document NAND revenues of $8.5 billion in fiscal 2025, up 18% 12 months over 12 months. Within the fourth quarter of fiscal 2025, NAND gross sales have been $2.3 billion, comprising about 20% of the corporate’s whole revenues. Furthermore, NAND revenues within the fourth quarter grew 5% in comparison with the prior quarter. The expansion got here from higher pricing, which was up within the excessive single digits, although bit shipments fell within the mid-single digits.
Micron is relying on its new G9 NAND to enhance outcomes. The corporate has ramped manufacturing of each TLC and QLC NAND, the place its G9 QLC NAND is now certified for enterprise storage. The corporate additionally strengthened its NAND portfolio with the addition of PCIe Gen6 SSDs, that are aimed toward supporting high-performance knowledge heart workloads, similar to AI inference and large-scale storage.
The corporate acknowledged that demand within the knowledge heart storage market is being boosted by AI use circumstances like vector database indexing and key-value cache tiering. As well as, a scarcity of exhausting disk drives (HDDs) is anticipated to assist NAND demand. Micron additionally achieved document shopper SSD revenues in fiscal 2025, exhibiting progress in its shopper storage enterprise.
Furthermore, with bettering trade situations for NAND, Micron expects a more healthy supply-demand stability in 2026 to drive additional progress. The Zacks Consensus Estimate for fiscal 2026 NAND revenues is pegged at $10.42 billion, indicating year-over-year progress of twenty-two.5%. MU’s whole revenues for fiscal 2026 are estimated to develop 43.4% to $53.61 billion.
How Rivals Fare Towards Micron
Micron competes with Western Digital Company (WDC) and Seagate Expertise Holdings plc (STX) within the knowledge storage market.
Micron competes with Western Digital within the NAND market. Western Digital is a diversified storage firm with a broader portfolio that features each conventional HDDs and NAND-based SSDs.
Seagate is a significant pressure within the HDD market, significantly for high-capacity storage options for knowledge facilities and cloud infrastructure. Seagate can be growing its presence within the SSD market by means of portfolio growth and partnerships.
Micron’s Worth Efficiency, Valuation and Estimates
Shares of Micron have rallied round 119.2% 12 months to this point in contrast with the Zacks Laptop – Built-in Methods trade’s progress of fifty.2%.
MU YTD Worth Efficiency
Picture Supply: Zacks Funding Analysis
From a valuation standpoint, MU trades at a ahead price-to-sales ratio of three.76, barely decrease than the trade’s common of 4.04.
MU Ahead 12-Month P/S Ratio
Picture Supply: Zacks Funding Analysis
The Zacks Consensus Estimate for Micron Expertise’s fiscal 2026 and 2027 earnings implies a year-over-year enhance of 100% and 12%, respectively. The Zacks Consensus Estimate for fiscal 2026 and 2027 has been revised upward previously 30 days.
Picture Supply: Zacks Funding Analysis
Micron Expertise presently sports activities a Zacks Rank #1 (Sturdy Purchase). You’ll be able to see the whole checklist of at the moment’s Zacks #1 Rank shares right here.
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Western Digital Company (WDC) : Free Inventory Evaluation Report
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Micron Expertise, Inc. (MU) : Free Inventory Evaluation Report
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
