Micron’s Q2’16 Earnings Review: Technology Transitions Will Lead To A Better Second Half

April 1st, 2016 by Trefis Team
-9.86%
Downside
112
Market
101
Trefis
MU: Micron Technology logo
MU
Micron Technology

Micron Technology (NASDAQ:MU) reported its Q2 2016 earnings on March 30th. All figures (summarized below) were within company guidance, though revenues came in at the low end of the guided range. As expected, the company’s performance was impacted by seasonality, the timing of product launches, and DRAM and NAND pricing pressure driven primarily by the PC end market. Micron expects the ongoing technology transitions (across DRAM and NAND) to generate stronger bit growth and cost reductions in the second half of calendar year 2016. The company is confident that things will turnaround in the second half of the year as new products with more efficient manufacturing on advanced nodes hit the market.

MU 15a

Note: We are in the process of updating our model for the Q2 2016 earnings.

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Have more questions about Micron? See the links below:

>> By What Percentage Did Micron’s Revenue & Gross Profit Grow In The Last 5 Years?

>> How Much Revenue Can Micron Earn From Its DRAM Business In The Next 5 Years?

>> How Fast Can Micron’s Revenue Grow From Its NAND Flash Business In The Next 5 Years?

>> Micron Technology: Calendar Year 2015 In Review

>> What’s Micron’s Fundamental Value Based On Expected 2016 Results?

>> Micron’s 2015-2020 Revenue CAGR To Decline To 4% If Memory Prices Decline By 20% Per Year

>> Micron’s Expected Growth In Calendar 2016: Trefis Estimate

>> Why We Have A Bullish Outlook On Micron Technology

Notes:

1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com.
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Micron here

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