Micron Technology Inc Q3 2022 Earnings Call Summary - Thomson StreetEvents

Micron Technology Inc Q3 2022 Earnings Call Summary

Micron Technology Inc Q3 2022 Earnings Call Summary - Thomson StreetEvents
Micron Technology Inc Q3 2022 Earnings Call Summary
Published Jun 30, 2022
17 pages (9075 words) — Published Jun 30, 2022
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Abstract:

Edited Brief of MU.OQ earnings conference call or presentation 30-Jun-22 8:30pm GMT

  
Brief Excerpt:

...A. Highlights: Delivered record quarterly revenue, with strong profitability and free cash flow, enabled by: 1. Team's excellent execution. a. b. Industry-leading technology and product portfolio. 2. Record revenue in: Auto, industrial and networking markets. a. b. SSDs for both data center and client. 3. NAND business delivered record quarterly revenue. 4. Embedded Business Unit and Storage Business Unit NAND revenues hit all-time highs. 5. *1-alpha DRAM and 176-layer NAND ramps are several quarters ahead of industry and progressing well as Co. continues to qualify new products that use these nodes. Team delivered these excellent results despite supply chain challenges and COVID-19 control measures in China, which impacted business on both demand and supply sides. a. 6. There are consumer demand and inventory-related headwinds impacting industry and consequently 4Q22 outlook. 7. Remains confident about: a. Secular demand for memory and storage. b. Attractiveness of market opportunity....

  
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 Q3 2022 Earnings Call Summary" Jun 30, 2022. Alacra Store. May 07, 2024. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2022-Micron-Technology-Inc-Earnings-Call-B15238278>
  
APA:
Thomson StreetEvents. (2022). Micron Technology Inc Q3 2022 Earnings Call Summary Jun 30, 2022. New York, NY: Alacra Store. Retrieved May 07, 2024 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2022-Micron-Technology-Inc-Earnings-Call-B15238278>
  
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