Micron Technology Inc Stock Price, News & Analysis

Micron Technology, Inc. (Nasdaq: MU) announced the volume production of its Micron 9400 NVMe SSD, designed for data centers handling demanding workloads like AI and ML. With a capacity of 30.72TB and a performance improvement of 77% in input/output operations per second (IOPS), it sets new standards for PCIe Gen4 storage.

The 9400 SSD also enhances energy efficiency, reducing operational costs and environmental impact. The drive is compatible with U.2 sockets and supports mixed workloads, improving performance in various real-world applications.

Micron Technology, Inc. (Nasdaq: MU) has appointed Mark Montierth as the new corporate vice president and general manager of its Mobile Business Unit, effective January 17, 2023. Montierth, previously vice president and general manager of high-bandwidth and graphics memory, will lead the development of mobile solutions to capture opportunities driven by the surging demand for data-intensive mobile experiences. He succeeds Raj Talluri, who contributed significantly to Micron's growth over five years and is leaving for a new opportunity. Montierth brings a wealth of experience, having launched several key products in his past roles.

Micron Technology, Inc. reported its fiscal Q1 2023 results, showing a revenue decline to $4.09 billion from $6.64 billion the prior quarter. The company faced a GAAP net loss of $195 million or $0.18 per diluted share. Adjusted free cash flow was negative $1.53 billion due to capital expenditures of $2.47 billion. Despite these challenges, Micron anticipates improved revenues in the second half of the fiscal year as customer inventories stabilize. The Board declared a quarterly dividend of $0.115 per share, payable January 19, 2023.

Micron Technology, Inc. (Nasdaq: MU) has launched the Micron 2550 NVMe™ SSD, featuring the world’s first NAND with over 200 layers, designed for mainstream laptops and desktops. This SSD enhances performance with significant power savings, improving application speed up to 112% compared to competitors. It boasts sequential read speeds of 5 GB/s and write speeds of 4 GB/s, surpassing the previous generation by 43% and 33%, respectively. The 2550 aims to extend battery life, making it suitable for daily computing.

Micron Technology (Nasdaq: MU) announced a 20% reduction in DRAM and NAND wafer starts compared to fiscal Q4 2022, responding to weakened market conditions. The company anticipates negative year-on-year bit supply growth for DRAM and minimal growth for NAND in 2023. These steps aim to manage inventory effectively. Despite current challenges, Micron remains optimistic about long-term demand in the memory and storage markets, expecting revenue growth to outpace the semiconductor industry as a whole.

Micron Technology (MU) announced that its LPDDR5X mobile memory has been validated for Qualcomm's Snapdragon 8 Gen 2 platform, marking a significant achievement in mobile memory technology.

With peak speeds of 8.533 Gbps, LPDDR5X is up to 33% faster than the previous generation, enhancing performance for high-end smartphones. Micron is now shipping this memory in mass production, facilitating the launch of smartphones that leverage these capabilities. The company is positioned as a leader in the semiconductor industry, aiming to drive innovation in 5G and AI applications through its advanced memory solutions.

Micron Technology, Inc. (Nasdaq: MU) has expanded its IoT security portfolio by launching the Authenta Cloud Platform to enhance edge-to-cloud security. This platform simplifies deployment and scaling of cybersecurity solutions, ensuring robust protection against evolving IoT threats. New partnerships with Swissbit AG and SanCloud demonstrate growing market momentum. The Authenta™ technology is now compatible with a broader range of devices, providing enhanced features such as secure boot and device integrity monitoring. Micron aims to facilitate secure cloud services across diverse industries.

Micron Technology, Inc. (Nasdaq: MU) will host its fiscal Q1 earnings conference call on December 21, 2022, at 2:30 PM MT. The live webcast will be accessible via Micron's Investor Relations website, with replays available for one year. As a leader in memory and storage solutions, Micron focuses on high-performance DRAM, NAND, and NOR products. The company plays a crucial role in the data economy, supporting advancements in AI and 5G applications.

Micron Technology, Inc. (Nasdaq: MU) announces the availability of DDR5 memory for data centers validated for AMD EPYC™ 9004 Series processors. The combination provides up to two times memory bandwidth and performance improvements for HPC workloads. Benchmarks show a peak memory bandwidth of 378 GB/s, doubling the previous 189 GB/s. Micron emphasizes its role in the DDR5 transition and partnerships with AMD for enhanced memory performance in AI and HPC sectors.