Micron Technology Inc.

NASDAQ:MU   4:00:00 PM EDT
57.65
+2.53 (+4.59%)
7:59:56 PM EDT: $57.81 +0.16 (+0.28%)
Earnings Announcements

Micron Announces Further Actions To Address Market Conditions

Published: 11/16/2022 14:22 GMT
Micron Technology Inc. (MU) - Micron Announces Further Actions to Address Market Conditions.
Micron Technology Inc - Reducing Dram and Nand Wafer Starts by Approximately 20% Versus Fiscal Q4 2022.
Micron Technology Inc - in Calendar 2023, Micron Now Expects Its Year-on-year Bit Supply Growth to Be Negative for Dram.
Micron - in Calendar 2023, Micron Now Expects Its Year-on-year Bit Supply Growth to Be Negative for Dram, and in Single-digit Percentage Range for Nand.
Micron Technology Inc - Co is Also Working Toward Additional Capex Cuts.
Micron Technology Inc - Recently, Market Outlook for Calendar 2023 Has Weakened.
Micron Technology Inc - in Calendar 2023, Micron Now Expects Its Year-on-year Bit Supply Growth in Single-digit Percentage Range for Nand.
Micron Technology Inc - Believes That in Calendar 2023, Year-on-year Dram Bit Supply Will Need to Shrink.
Micron Technology Inc - Will Continue to Monitor Industry Conditions and Make Further Adjustments As Needed.
Micron Technology Inc - Believes That in Calendar 2023, Year-on-year Nand Bit Supply Growth Will Need to Be Significantly Lower Than Previous Estimates.
Micron Technology Inc - Reductions in Dram and Nand Wafer Will Be Made Across All Technology Nodes Where Micron Has Meaningful Output.
Revenue is expected to be $4.23 Billion
Adjusted EPS is expected to be $0.03

Next Quarter Revenue Guidance is expected to be $4.1 Billion
Next Quarter EPS Guidance is expected to be -$0.20

More details on our Analysts Page.