Micron Technology Inc Stock Price, News & Analysis

Micron's brand Crucial has launched the Crucial X6 portable SSD, available in capacities up to 2TB with read speeds reaching 540MB/s, making it 3.8 times faster than traditional portable hard drives. This ultra-compact drive is drop-proof up to 6.5 feet, shock-resistant, and suitable for various devices including PC, Mac, and consoles. The product aims to meet the growing need for reliable local storage without the risks associated with cloud solutions. Crucial emphasizes extensive pre-release testing to ensure quality and performance.

Micron Technology (Nasdaq: MU) has appointed Lynn Dugle to its board of directors, enhancing its leadership with her 30+ years in the defense, intelligence, and high-tech sectors. Dugle's expertise is expected to benefit Micron as it aims to strengthen its portfolio and cater to diverse market needs. Her previous roles include CEO of Engility and positions at Raytheon, where she led crucial divisions. Her appointment increases female representation on Micron's board to over one-third, reflecting a commitment to diversity.

Micron Technology (Nasdaq: MU) announces participation in two upcoming investor events. Chief Financial Officer David Zinsner will participate in a fireside chat at the Keybanc Virtual Future of Technology Series Conference on Aug. 13 at 9:20 a.m. PT. Additionally, Chief Business Officer Sumit Sadana will speak at the BMO Virtual Technology Summit on Aug. 26 at 1:00 p.m. PT. Micron is a leader in innovative memory and storage solutions, powering advancements in AI, 5G, and more across various markets.

Micron Technology (Nasdaq: MU) announced a Technology Enablement Program to provide early access to resources and partners for developing next-gen systems using DDR5 DRAM. This initiative follows the ratification of the JEDEC DDR5 standard and aims to enhance data centers' performance and bandwidth. Partners include Cadence, Montage, and others, fostering collaboration to accelerate market readiness for DDR5 technologies.

Micron Technology, Inc. (Nasdaq: MU) reported its fiscal Q3 2020 results, showing revenue of $5.44 billion, up from $4.80 billion in Q2 and $4.79 billion year-over-year. GAAP net income reached $803 million or $0.71 per diluted share. Non-GAAP net income was $941 million or $0.82 per share. Operating cash flow stood at $2.02 billion. Micron forecasted Q4 revenues between $5.75 billion and $6.25 billion with an anticipated gross margin of 34.5% ± 1.5%. The company highlighted ongoing advancements in DRAM and NAND technologies.

Micron Technology, Inc. (Nasdaq: MU) will host its fiscal Q3 earnings conference call on June 29, 2020, at 2:30 p.m. Mountain time. Investors can access the live webcast on Micron's Investor Relations website, where a replay will be available for one year. Micron is recognized for its innovative memory and storage solutions, including DRAM, NAND, and 3D XPoint™ technologies, applicable in industries like artificial intelligence, 5G, and autonomous vehicles. The company boasts over 40 years of technology leadership and continues to play a pivotal role in transforming information usage.

Micron Technology (Nasdaq: MU) announced a webcasted investor update on May 22 at 10:00 a.m. PT featuring Senior VP Raj Talluri and CFO David Zinsner. This event aims to provide insights into Micron's Mobile Business Unit.

Investors can access live webcasts and replays via Micron's Investor Relations website. Micron is a leader in memory and storage solutions, targeting sectors like AI and 5G, with a strong portfolio including DRAM and NAND technologies. For more details, visit Micron's website.

Micron Technology (Nasdaq: MU) has launched two new solid-state drives (SSDs): the Micron 2300 and Micron 2210. The Micron 2300 SSD features a 2TB capacity and is optimized for high-performance applications, achieving up to 3,300 MB/s read speeds. The Micron 2210 SSD utilizes quad-level-cell (QLC) NAND, offering significant power savings, making it ideal for cost-sensitive consumers. Both SSDs support advanced security features and are built on Micron's 96-layer 3D NAND technology, catering to the increasing demand for NVMe SSDs in client computing.

Micron Technology (Nasdaq: MU) announced its participation in three upcoming investor events in May 2020. Executive VP of Operations Manish Bhatia will join a fireside chat at the Virtual J.P. Morgan 2020 TMC Conference on May 12 at 5:40 a.m. PT. Senior Director Farhan Ahmad will participate in the Needham Virtual Technology & Media Conference on May 19 at 10:00 a.m. PT. Lastly, President and CEO Sanjay Mehrotra will attend the Bernstein Strategic Decisions Conference on May 27 at 10:30 a.m. PT. Webcasts of these events can be accessed on Micron's Investor Relations website.