Baird analyst Tristan Gerra expects a strong pricing environment in the memory market to drive Micron’s earnings over the next few quarters.
The use of low power DRAM is increasing in automotive. That’s been driving the earnings for Micron’s Embedded Business Unit, even during the downturn.
Micron Technology (MU) is seeing an increasing demand from cloud customers, which is driving its computing revenue as well as its storage revenue.
Micron’s (MU) MBU revenue rose 114.0% YoY in fiscal 2Q17 as it secured design wins for its 14 nm LPDDR in fiscal 3Q16.
In fiscal 2Q17, Micron’s NAND unit sales rose 18.0%, but its NAND revenue rose 9.8% on a sequential basis.
Micron Technology’s (MU) biggest end market is CNBU (Compute and Networking Business Unit), which accounted for 41.0% of its fiscal 2Q17 revenue.
Micron Technology (MU) has been witnessing strong earnings over the past two quarters as DRAM (dynamic random access memory) prices increase.
Micron’s gross margin could be driven by increasing DRAM prices and falling cost per bit.
Micron expects to improve its non-GAAP operating margin from 25.0% in fiscal 2Q17 to 35.2% in fiscal 3Q17.
For fiscal 3Q17, Micron expects its revenue to rise 16.0% sequentially to $5.4 billion at the midpoint, which is in line with the consensus estimate.
On June 29, 2017, Micron is set to release its fiscal 3Q17 earnings. In this series, we’ll see what to expect from its upcoming earnings.
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