Micron Technology Inc Stock Price, News & Analysis

Micron Technology (Nasdaq: MU) reported third-quarter fiscal 2022 results with record revenue of $8.64 billion, up from $7.79 billion in the previous quarter. GAAP net income rose to $2.63 billion ($2.34 per diluted share), compared to $2.00 in Q2. Operating cash flow also increased to $3.84 billion. The company anticipates a revenue forecast of $7.2 billion for the fourth quarter, amid weakening industry demand, and has initiated measures to control supply growth. A quarterly dividend of $0.115 per share was declared, payable on July 26, 2022.

Micron Technology (Nasdaq: MU) has announced the launch of the world's first 176-layer NAND SATA SSD, the Micron 5400, designed specifically for data center workloads. This advanced SSD architecture boasts a 50% increase in reliability compared to competitors. With nearly 20 million SATA units shipped, the Micron 5400 provides superior performance, extended server life, and a wide range of deployment options. It also offers industry-leading endurance and a five-year warranty, supporting enterprise demands expected to exceed 26EB by 2026.

Micron Technology, Inc. (Nasdaq: MU) has announced significant advancements in its embedded product portfolio, showcasing the world's highest-capacity microSD card at 1.5TB, designed specifically for industrial-grade video security. The company has received ISO 26262 ASIL D certification for its LPDDR5 DRAM, positioning it for advanced driver-assistance systems in automotive applications. Micron's new solutions are aimed at meeting the growing demand for reliable memory in various sectors, including industrial automation and smart vehicles, as connected IoT devices proliferate worldwide.

Micron Technology, Inc. (Nasdaq: MU) will hold its fiscal third quarter earnings conference call on June 30, 2022, at 2:30 p.m. Mountain time. This call will be available for live webcast on their investor relations website. Following the call, replays will be accessible for approximately one year.

Micron is a leader in memory and storage solutions, focusing on high-performance DRAM, NAND, and NOR products, serving the data economy and advancing technologies like artificial intelligence and 5G applications.

Micron Technology, Inc. (MU) has announced the launch of two new NVMe solid-state drives (SSDs): the Crucial P3 Plus Gen4 and Crucial P3 Gen3. The P3 Plus boasts impressive read speeds of up to 5000MB/s, while the P3 offers speeds of 3500MB/s. Each SSD can be purchased in capacities of up to 4TB. These products aim to meet the needs of gamers, creatives, and professionals seeking high-performance storage solutions. Availability is expected for summer 2022, enhancing Micron's product portfolio in the competitive SSD market.

Micron Technology, Inc. (Nasdaq: MU) announced a $200M investment in deep tech startups through its Fund II, raising total assets under management to $300M. This initiative is part of Micron Ventures' commitment to fostering innovation, with 20% of the capital aimed at startups led by women and underrepresented groups. Since its inception, the venture capital arm has invested in 25 startups, achieving strong returns and contributing to sectors like AI and sustainability. Such investments provide strategic benefits, enhancing Micron's market capabilities.

Phison Electronics Corp. has announced a strategic collaboration with AMD and Micron to develop a PCIe Gen5 ecosystem, aimed at enhancing gaming and creative experiences. The initiative will feature Phison's PS5026-E26 SSD controller, boasting nearly double the performance of its predecessor while maintaining power efficiency. This collaboration is expected to greatly benefit the global markets for PCs, gaming consoles, and mobile devices due to rising demand for high-speed storage solutions.

Micron Technology (Nasdaq: MU) announces a milestone of surpassing 50,000 lifetime patents, solidifying its status as a leader in technology innovation. This achievement highlights the contributions of over 4,000 team members across 16 countries in Micron’s 43-year history. In 2021, nearly 1,500 employees contributed to a record of 2,600 patent grants, reflecting a growing commitment to diversity in innovation. As the demand for memory and storage surges, Micron aims for the next 50,000 patents to drive future breakthroughs.