Micron Updates 1FQ24 Guidance

Revenue will approach $4.7 billion rather than $4.4 billion ±$200 million.

This is a Press Release edited by StorageNewsletter.com on November 30, 2023 at 2:01 pm

Micron Technology, Inc. is updating its revenue, gross margin, operating expense, and EPS guidance for 1FQ24, which ends November 30, 2023.

It previously guided revenue of $4.4 billion ±$200 million and non-GAAP gross margins of (4.0%) ±2%. As a result of improved supply and demand balance and improved pricing, it announced that it expects revenue will approach $4.7 billion and non-GAAP gross margins will approach breakeven for 1FQ24.

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Top News | September 28, 2023 | Press Release