Chinese Smartphone Vendors Are The Key To Strong Mobile Memory Sales [Seeking Alpha]
Micron Technology, Inc. (MU)
Last micron technology, inc. earnings: 3/25 04:01 pm
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Source: Seeking Alpha
Summary Micron Technology reported FYQ4 and FY2018 revenues that beat consensus, yet issued guidance that included downside revenue and EPS. Smartphone shipments have been nearly flat for the past few years but vendors are moving to 8 gigabytes of DRAM and 512 gigabytes of NAND. A drop in NAND prices over the past nine months and spot DRAM prices since July are catalysts for the higher memory content of smartphones, particularly Androids. Smartphone vendors, which use a large amount of mobile DRAM, are facing headwinds from slowing sales, rising sales of refurbished units, and extended buying cycles. On September 20, 2018, Micron Technology ( MU ) announced results of operations for its fourth quarter and full year of fiscal 2018, which ended August 30, 2018. MU's Q4 Non-GAAP EPS of $3.53 beat consensus by $0.19; revenue of $8.44B beat by $190M. It's the Economy Stupid MU's Q1 (ending November 31) guidance includes downside revenue from $7.9B to $8.3B (consensus
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News
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MU
Earnings
- 3/20/24 - Beat
MU
Sec Filings
- 4/11/24 - Form 4
- 4/11/24 - Form 8-K
- 4/4/24 - Form 4
- MU's page on the SEC website