分析師預計美光科技Q4業績難超預期
美光科技(MU.US)將於9月28日公佈2021年第四季度財報。 Zacks預期其Q4調整後每股收益爲 2.31 美元,同比增長113.9%;預計營收爲81.9 億美元,同比增長35.3%。
該公司在過去四個季度的收益都超過了Zacks的共識估計,平均較預期高出7.7%。

需要考慮的因素
在家工作和學習的情況刺激了個人電腦製造商和數據中心運營商對芯片的大量需求,預計這將推動美光科技第四季度業績。
疫情期間的遠程工作和在線學習趨勢也促進了對雲存儲的需求。 此外,封鎖促進了全球在線和電子商務服務的使用,迫使數據中心運營商增加容量,以適應雲服務的需求激增。 這些因素都可能提高美光在本季度的營收。
預計第四季度的雲計算、圖形、個人電腦和筆記本電腦、5G和汽車市場的DRAM Bit出貨量穩步上升。
不過,利潤率較低的 NAND產品的佔比上升,加上內存價格較低且製造成本難以下降,預計將使利潤率吃緊。
此外,更高的預審費用和人工費用可能對美光公司第四季度的業績產生負面影響。 在第二季度的財報電話會議上,該公司指出,由於預審費用和人工費用的增加,預計2021財年下半年的運營費用將增加。
另外,由於恢復加薪,預計第四季度的運營費用將大幅增加。 這可能會損害季度利潤率和盈利能力。
Zacks予美光科技的評級爲4(賣出),根據模型,美光本季度的收益可能不會超過預期。
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