Micron Technology forecast second-quarter results below Wall Street estimates on Wednesday, as weakened prices of memory chips used in handsets and personal computers weigh on earnings.It expects to report second-quarter revenue of $7.90 billion, plus or minus $200 million, compared to analysts' estimate

Channel News Asia

Singapore

Micron Technology expects second-quarter revenue below estimates

Media Bias/Fact Check

Government of Singapore

Micron shares plunged in extended trading after the chipmaker issued weaker-than-expected second-quarter guidance.

Ad Fontes Media

All Sides

CNBC

Roberts family

United States

Micron shares plunge on weak second-quarter guidance

Micron Technology stock falls after weak demand and lowered guidance. Find out why MU stock is a buying opportunity with AI and data center growth ahead.

Seeking Alpha

Micron Earnings: Down But Not Out, Why I'm Doubling Down (NASDAQ:MU)

The essential tech news of the moment. Technology's news site of record. Not for dummies.

Techmeme

California

Micron reports Q1 revenue up 84% YoY to $8.71B, in line with est., Q2 revenue forecast below est. due to sluggish phone and PC demand; MU drops 13%+ after hours

(Reuters) –     Micron Technology forecast second-quarter results below Wall Street estimates on Wednesday as weakened prices of memory chips used in handsets and personal computers weigh on earnings, sending the company’s shares down 17.2% in extended trading. The market for DRAM chips, which contribute to most of Boise, Idaho-based Micron’s revenue, remains sluggish because of weak consumer demand and an ongoing supply glut.  DRAM chips are us…

Blue Water Healthy Living

Port Huron

St. Clair County

Michigan

Micron Technology expects second-quarter results below estimates - Blue Water Healthy Living

The memory-chip company cited weakness in consumer-facing markets but momentum in higher-margin areas and those levered to AI.

Jingletree

Micron’s weak outlook sparks a big skid for the AI stock

Sanford C. Bernstein reduced their price target on Micron Technology from $140.00 to $120.00 and set an "outperform" rating for the company in a report on Wednesday.

marketbeat.com

Micron Technology (NASDAQ:MU) Price Target Lowered to $120.00 at Sanford C. Bernstein

MICRON Technology, the largest US maker of computer memory chips, tumbled in late trading after its revenue forecast missed projections by about...

Business Times

Micron drops after sluggish PC, phone demand hurts forecast

Memory-chip leader Micron roughly matched analyst estimates for its fiscal first quarter but badly missed with its outlook. MU stock fell.

Investor's Business Daily

Micron Stock Dives As Chipmaker Whiffs On Guidance

Sanjay Mehrotra, CEO of Micron Technology Inc., speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 26, 2024.  Brendan Mcdermid | Reuters    
Micron shares plunged 13% in extended trading on Wednesday after the chipmaker issued weak second-quarter guidance despite an earnings beat for the latest period.  Here’s how the company did compared to analysts’ expectations surveyed by LSE…

Micron Technology expects second-quarter revenue below estimates

Coverage Details

Give the gift of Perspective

Bias Distribution

Ownership

Similar News Topics

Similar News Topics