Micron Technology Inc Stock Price, News & Analysis

Micron Technology reported robust fiscal Q4 2020 results, with revenue of $6.06 billion, up from $5.44 billion in Q3 2020 and $4.87 billion in Q4 2019. The net income increased to $988 million, or $0.87 per diluted share. However, annual revenue fell to $21.44 billion from $23.41 billion year-over-year. The company anticipates improving market conditions in 2021, fueled by advancements in 5G, cloud, and automotive sectors. Micron's strong cash position includes $9.26 billion in cash and investments, with plans to repurchase more shares.

Micron's Crucial brand launched the Crucial Ballistix MAX 5100, the fastest gaming DRAM currently available, enhancing its acclaimed product lineup. This memory supports extreme-performance with custom tuning at the die level, previously achieving a record overclock of 6,666MT/s.

These modules are engineered for compatibility with the latest AMD and Intel platforms and aim to deliver superior gaming experiences. A limited stock of 16GB kits is available globally, emphasizing Micron's commitment to high-performance technology.

Micron Technology (Nasdaq: MU) has launched the world's fastest discrete graphics memory solution, GDDR6X, achieving system bandwidth of up to 1 terabyte per second (TB/s). Developed in collaboration with NVIDIA for the GeForce RTX 3090 and RTX 3080 GPUs, GDDR6X utilizes innovative PAM4 technology, enabling unprecedented data rates and improved performance for high-resolution gaming and advanced graphics applications. With mass production capabilities, GDDR6X also boasts lower power consumption and easy implementation. The GeForce RTX 3080 and 3090 will be available from mid-September 2020.

Micron Technology, Inc. (Nasdaq: MU) has announced its fiscal fourth quarter earnings conference call scheduled for September 29, 2020, at 2:30 p.m. Mountain time. The call will be accessible via a live webcast on Micron's Investor Relations website. A recording of the call will be available for approximately one year after the event. Micron is a leader in memory and storage solutions and is known for its innovations in DRAM, NAND, and 3D XPoint memory, driving advancements in industries such as AI, 5G, and autonomous vehicles.

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.