Micron Technology Inc


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SKU: MU-2 Category:


Micron Technology delivered a decent quarter matching Wall Street expectations in terms of revenues but delivered an earnings beat. The company’s performance has been driven by the forte in DRAM shipments to game, console, PC, and cloud customers. The revenue of the memory chipmaker rose and its adjusted net income also increased. The strong start to the year along with the momentum of its portfolio keeps Micron on track for a strong 2022 ahead. Among new launches, Micron recently announced the launch of the i400 microSD card and partnership programs with IQ (Industrial Quotient). The company has introduced the first 1z nanometer node in the industry. With its graphics GDDR6X innovation, the company has managed to create new performance records. The DRAM product portfolio is further being strengthened by the management. The weak guidance by the management was largely on account of the memory market, primarily consisting of NAND and DRAM chips, being highly cyclical. While the company has made significant advancements in the product, including the release of its foremost DDr5 solution, the initialization of Gen4 NVM data center SSD, it is bound to be affected by the cyclicality. We provide the stock of Micron with a ‘Hold’ rating with a revision in the target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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