Micron Following NVidia Guides Lower Again on Weakness from China, Smartphones and PCs

Memory chip maker Micron closed down at 59.15 ▼ 2.30 (-3.74%) after it warned Q4 revenue may come in at or below the low end of the revenue guidance range. $MU announced also a $40 billion investment in leading-edge memory manufacturing in the US as the US approved the CHIPS Act. This latest warning comes just over a month after the company reported earnings that were drastically hurt by China weakness which is 30% of the company’s revenue. The warnings comes just … Continue reading “Micron Following NVidia Guides Lower Again on Weakness from China, Smartphones and PCs”

Twilio Spooks Investors with Lightest Quarter of Growth in Over Five Years

Communications software company Twilio Inc. reported fiscal second-quarter revenue and net income that topped EPS and revenue estimates in Q2, however its soft Q3 guidance sent the stock sharply lower, down 11 percent after the release. The tone of the went from a confident in achieving its 30+% revenue growth target last quarter to management feeling just “really good” about the second half of the year. Its Q3 revenue guidance calls for just 30-32% growth yr/yr, its lightest quarter of … Continue reading “Twilio Spooks Investors with Lightest Quarter of Growth in Over Five Years”

Intel Misses Earnings Slashing Guidance as Margins and Data Center Revenue Plunge

Semiconductor giant Intel stock plunged after another dismal earnings report and guidance cut. INTC reported adjusted second-quarter earnings of 29 cents a share, compared with $1.36 a share from a year ago. Intel is the 2nd heaviest weight in the SMH ETF and had been bid up prior to the report after the passing of the CHIPS and Science Act aimed at boosting US chip production. The offers more than $52 billion for US chipmakers as well as tax credits for domestic … Continue reading “Intel Misses Earnings Slashing Guidance as Margins and Data Center Revenue Plunge”

Amazon Shares Higher on Revenue Beat and Strong Guidance

Retail monster Amazon.com reported stronger June quarter revenue Thursday.  $AMZN stock traded up more than 13% after hours as they guided higher than expected.  Amazon recorded a $3.9 billion loss on its Rivian investment which led to a reported a loss of 20 cents per share on revenue of $121.23 billion vs. $119.09 billion expected. Amazon was the last of the mega-cap tech companies to report. Netflix kicked it off. Microsoft, Apple, Intel, Meta and Alphabet followed. Amazon.com Inc. (NASDAQ: $AMZN) Reported After Close Thursday … Continue reading “Amazon Shares Higher on Revenue Beat and Strong Guidance”

Microsoft Cloud and Xbox Slowdown Hits Earnings Growth with Surging US Dollar

Software giant Microsoft reported weaker than expected June 2022 quarterly earnings Tuesday, despite month’s profit warning. after the close as both revenue and earnings beat expectations. Microsoft Cloud segment saw a sharp slowdown, it had been MSFT’s robust engine with 50% or more year-over-year sales growth. Azure and other cloud services saw sales slowdown to 40% in the latest quarter. The software giant was also hit by declining videogame sales and the effects of strong dollar. Microsoft Fiscal Fourth Quarter … Continue reading “Microsoft Cloud and Xbox Slowdown Hits Earnings Growth with Surging US Dollar”

Alphabet Earnings Growth Slows as Advertising Loses Momentum

Internet giant Alphabet, owner of Google reported worse than expected second quarter earnings after the close Tuesday. $GOOG reported the slowest quarterly sales growth in two years. Google advertising, which includes search and YouTube ads lost momentum with the economy receding and uncertainty denting cloud and YouTube revenues. Alphabet Reported ThirdQuarter Earnings After the Close Tuesday $1.21 Missed $1.32 EPS Forecast and $69.69B Missed$70 billion Forecast Conference call: 4:30 p.m. Earnings Alphabet second-quarter revenue was $69.69 billion, up 13% from … Continue reading “Alphabet Earnings Growth Slows as Advertising Loses Momentum”

Micron Guides Lower on Weakness from China, Smartphones and PCs

Memory chip maker Micron reported earnings after the close Thursday and as expected they were drastically hurt by China weakness which is 30% of the company’s revenue. MU reported inline Q3 results and as expected guided Q4 lower, revenue by 20% and EPS by 38%. Weakness in smartphones/PCs also hurt. Strength again came from hyperscalers demand in the datacenter. Caution here with inventories above pre-COVID levels, which creates more uncertainty. These results will have a strong bearing on others in … Continue reading “Micron Guides Lower on Weakness from China, Smartphones and PCs”

Intel Sees Macro Environment Weaker Than Anticipated, Hitting Demand for Chips

Semiconductor giant Intel, the 2nd heaviest weight in the SMH ETF presented a negative outlook at the Bank of America Global Technology Conference late Tuesday after the market had closed. The company’s CFO, David Zinsner, said that the macro environment is weaker than Intel anticipated coming into the quarter. Accordingly, he expects customers to reduce inventory levels, negatively impacting demand for INTC’s chips.  Recall when INTC reported Q1 earnings on April 28, it issued downside Q2 EPS and revenue guidance … Continue reading “Intel Sees Macro Environment Weaker Than Anticipated, Hitting Demand for Chips”

What Can Happen with Overpriced IPOs, Down the Beaten Path, UiPath Earnings

Automation software company UiPath (PATH) shares plunged over 27% wiping out more than $4 billion in market cap after earnings. $PATH beat by $0.02 and beat on revenues BUT guided Q1 revs below consensus and guided FY23 revs below consensus. The stock is now down more than half off its April 2021 IPO price of $56 and 78% from its high at $90. At the time TC warned of the overvaluation and promptly added the stock to the TC dribbler basket. … Continue reading “What Can Happen with Overpriced IPOs, Down the Beaten Path, UiPath Earnings”

Micron Earnings Boosted by Data Center Sales and DRAM Shipments for the Cloud.

Memory chip maker Micron reported better than expected earnings after the close Monday boosted by data-center sales growing over 70% year over year from cloud demand and the resurgence of enterprise IT investment. Strong DRAM bit shipments for the cloud, graphics, PC and notebook, 5G and automotive markets continued. Micron DRAM memory density Micron Technology, Inc. NASDAQ: MU Reported Earnings After Close Monday $2.16 Beat $2.10 EPS Forecast and $7.69 Beat $7.68 billion forecast in revenue Earnings Q1 2022 results … Continue reading “Micron Earnings Boosted by Data Center Sales and DRAM Shipments for the Cloud.”