Micron Technology Inc


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SKU: MU-1 Category:


Micron Technology, Inc. exceeded analyst expectations in terms of revenue as well as earnings. Their management maintains an overall positive outlook on the demand scenario 2024 at the aggregate bit level. Although the expectation for 2024 remains relatively consistent, there has been an adjustment in the perspective on DRAM demand growth for 2023. The shift from mid-single digit to high single digits is attributed to a re-evaluation of bit movement across the year-end boundary, impacting the 2023 figures. Despite this adjustment, Micron’s management expresses increased confidence and optimism regarding pricing compared to the preceding three months. This positive sentiment is evident in the guidance for revenue and gross margin for FQ2. Anticipating a continued improvement in pricing throughout 2024, Micron foresees enhanced financial results. The driving force behind this optimism lies in the oversubscription of leading-edge nodes for both DRAM and NAND for the entire year, signaling a positive impact on revenue. In summary, Micron’s management emphasizes a positive trajectory for pricing and financial performance in 2024, attributing it to oversubscription in cutting-edge technologies.

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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