Micron Technology Inc Q2 2023 Earnings Call Summary - Thomson StreetEvents

Micron Technology Inc Q2 2023 Earnings Call Summary

Micron Technology Inc Q2 2023 Earnings Call Summary - Thomson StreetEvents
Micron Technology Inc Q2 2023 Earnings Call Summary
Published Mar 28, 2023
15 pages (8550 words) — Published Mar 28, 2023
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About This Report

  
Abstract:

Edited Brief of MU.OQ earnings conference call or presentation 28-Mar-23 8:30pm GMT

  
Brief Excerpt:

...A. Highlights: Revenue was within guidance range. 1. Excluding impact of inventory write-downs, margins and EPS were also within guidance range. a. 2. Semiconductor memory and storage industry is facing its worst downturn in last 13 years, with exceptionally weak pricing environment significantly impacting Co.'s financial performance. Taken substantial supply reduction and austerity measures, including executing Co.-wide reduction in force. a. 3. Customer inventories have reduced in several end markets. Sees gradually improving supply-demand balance in months ahead. a. 4. Excluding impact of inventory write-downs, Co.'s balance sheet DIO peaked in 2Q. Close to a transition to sequential revenue growth in quarterly results. a. 5. Navigating near-term difficult environment with: Strong technology position. a. b. Deep manufacturing expertise. c. Strengthening product portfolio. d. Solid balance sheet. e. Incredibly talented team. 6. Beyond this downturn, anticipates a return to normalized...

  
Report Type:

Brief

Source:
Company:
Micron Technology Inc
Ticker
MU.OQ
Time
8:30pm GMT
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
Thomson StreetEvents. "Micron Technology Inc Q2 2023 Earnings Call Summary" Mar 28, 2023. Alacra Store. May 19, 2024. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-Micron-Technology-Inc-Earnings-Call-B15481347>
  
APA:
Thomson StreetEvents. (2023). Micron Technology Inc Q2 2023 Earnings Call Summary Mar 28, 2023. New York, NY: Alacra Store. Retrieved May 19, 2024 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-Micron-Technology-Inc-Earnings-Call-B15481347>
  
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