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EARNINGS $POTLIGHT

We dissect the most significant company earnings of the week.

BYD Earnings

BYD Earnings

3/24/25, 8:15 AM

BYD Auto's (BYDDY) earnings are crucial for both investors and the broader automotive industry as they provide a key indicator of the electric vehicle (EV) market's health, particularly in China, a dominant force in EV adoption. 

    • Name: Micron Technologies

    • Ticker: MU

    • Earnings: March 20th AMC

    • Consensus EPS: $1.28​

    • Ticker: BYDDY

    • Earnings: March 24th BO

    • Consensus EPS: $1.40

  • Humble Beginnings:

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    • Micron was founded in Boise, Idaho, in 1978, initially as a semiconductor design consulting company.   

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    • Early funding came from local Idaho businessmen, and notably, from J.R. Simplot, the "potato king," whose company supplied potatoes to McDonald's. This connection led to McDonald's also investing in Micron.   

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    • They began their operations from the basement of a dentists office.   
       

    From Consulting to Manufacturing: 

    • They shifted from consulting to manufacturing, producing 64K DRAM chips in 1981.   

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    Pioneering Technology:

    • Micron has been at the forefront of memory technology, contributing to advancements like atomic layer deposition high-k films for DRAM.    

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    Broad Impact:

    • Micron's memory and storage solutions are essential components in a wide range of devices, from personal computers and smartphones to data centers and automotive systems.  

    BYD Company is a fascinating player in the electric vehicle (EV) world, with a history that goes beyond just cars. Here are some fun facts: 

    • "Build Your Dreams": BYD stands for "Build Your Dreams," which reflects the company's ambitious goals. 

    • Battery Beginnings: Before entering the automotive industry, BYD started as a battery manufacturer in 1995. This foundation in battery technology has been a key advantage in its EV development. 

    • More Than Cars: BYD doesn't just make cars; it also produces electric buses, trucks, and even rail transit systems like monorails. This demonstrates its wide-ranging commitment to electric mobility. In-House Manufacturing: A significant aspect of BYD's strategy is its ability to manufacture most of its own components. This vertical integration helps control costs and ensures quality. 

    • From Phones to Cars: Many people are unaware that BYD has a large presence in the electronics component manufacturing industry. They produce components for many electronics, including items like Ipad components. 

    • Rapid Growth: BYD has seen explosive growth in recent years, becoming a major competitor in the global EV market. 

    • Focus on sustainability: BYD has a mission to "Cool the Earth by 1 degree Celsius." 

    • They produce their own shipping vessels: BYD has begun to launch its own shipping vessels to transport its vehicles overseas. 

    • They produce luxury vehicles that can float: One of BYD's luxury vehicle lines, the Yangwang U8, has the capability to float on water in emergency situations.

OVERVIEW

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BEAT

EARNINGS RESULTS

PRE-EARNINGS CONTEXT

Revised

POST EARNINGS TAKES

  • REUTERS BYD reported record-breaking financial results, with a 73.1% surge in fourth-quarter net profit to 15 billion yuan and a 34% increase in full-year profit to 40.3 billion yuan, driven by aggressive pricing strategies and strong sales that surpassed Volkswagen in China. This growth, reflected in a 52.7% rise in fourth-quarter revenue and a 29% increase for the year, is further fueled by BYD's innovative super-charging technology, free smart driving features, and significant investment in research and development, supported by a recent $5.59 billion share sale, as the company expands its global footprint, including plans for a potential third European plant in Germany.  FULL ARTICLE



  • INVESTORS BUSINESS DAILY BYD surpassed expectations with its Q4 and full-year 2024 earnings, demonstrating significant growth in revenue and net income, driven by strong vehicle sales, particularly in plug-in hybrids. 

    The company is accelerating its technological advancements, introducing advanced driver-assistance systems (ADAS) across its lineup, including Lidar for higher-end models, and unveiling a groundbreaking 1,000-kilowatt super-charging technology. While BYD's gross margin experienced a slight decline in Q4, its annual margin improved, and it continues to challenge Tesla's dominance in the electric vehicle market, notably in battery electric vehicle (BEV) sales. 

    The company's aggressive pricing, innovative technologies, and expansion into premium and affordable segments are contributing to its stock's significant rise in 2025, contrasting with Tesla's recent struggles. FULL ARTICLE

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