Why Micron's Next Rock Bottom Won't Be So Bad [The Motley Fool]
Micron Technology, Inc. (MU)
Last micron technology, inc. earnings: 3/25 04:01 pm
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Source: The Motley Fool
For patient buy-and-hold investors in Micron Technology ( NASDAQ:MU earnings report And that's why Micron's Q was so big. CEO Sanjay Mehrotra said he's optimistic that the results of the second quarter of fiscal 00, to be reported around March, will be the bottom of the semiconductor cycle for Micron. From there, investors should enjoy the next wave of innovations that will drive demand higher. Source: Getty Images. How bad is rock bottom? Q revenue came in at $. billion, % lower than last year's quarterly revenue of $7.9 billion -- a steep year-over-year drop. Revenue from DRAM products fell % year over year, while NAND product revenue fell %. Recent data from industry watcher TrendForce shows these lower memory prices are the result of continued oversupply. With Q results in, CFO David Zinsner provided Q guidance. Revenue should come in at $. billion to $.8 billion. That's a less severe drop of 7% year over year at the high end of the guidance, and a % drop on the low end. Furthermo
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MU
Earnings
- 3/20/24 - Beat
MU
Sec Filings
- 4/23/24 - Form 4
- 4/22/24 - Form 4
- 4/19/24 - Form 8-K
- MU's page on the SEC website