Micron sales beat expectations as chip supplies remain tight, prices high

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Micron sales beat expectations as chip supplies remain tight, prices high

Reuters2021-07-01

(Reuters) -Micron Technology Inc on Wednesday beat Wall Street estimates for quarterly profit and forecast fourth-quarter revenue above expectations, as tight supplies of memory chips and continued ...

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Comment（25）

JunRen
·2021-07-01
NiceGogogo
Reply
1
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ASMH
·2021-07-01
Like
Reply
1
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Seeky
·2021-07-01
Why dump
Reply
2
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Al385
·2021-07-01
Nice ?
Reply
6
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eo1668
·2021-07-01
please like and comment. thanks
Reply
3
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- Al385:
  Ok?
  2021-07-01
  Reply
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ShayneGun
·2021-07-01
Nice
Reply
5
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- koolgal:
  ??
  2021-09-16
  Reply
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Blading23
·2021-07-01
Nice read
Reply
2
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- deadcow:
  nice
  2021-07-01
  Reply
  Report
Alfred1007
·2021-07-01
And yet the price drop...this is a new trend..
Reply
1
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- LWayne:
  agree, drop on positive news.
  2021-07-01
  Reply
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TK360
·2021-07-01
Great
Reply
1
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- MM88188:
  Great
  2021-07-01
  Reply
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Jackosen
·2021-07-01
Nice
Reply
1
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Sena11
·2021-07-01
As long as can get chip supplies, the sales sure beat expectations as demand still remain strong.
Reply
2
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JLCH
·2021-07-01
yo
Reply
1
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- JLCH:
  yo
  2021-07-01
  Reply
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MonaMaMa
·2021-07-01
Up up and away
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Like
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ZhiLing
·2021-07-01
good
Reply
1
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NewBroker
·2021-07-01
Good
Reply
2
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shaok
·2021-07-01
Profit taking?
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Jacqueslim
·2021-07-01
Wow
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MT2
·2021-07-01
But why it drop?☹️
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1
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1Man2Stonks
·2021-07-01
Nice to the moon
Reply
1
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SeanSak
·2021-07-01
Like n comment
Reply
4
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- Lhokie:
  K
  2021-07-01
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- Lhokie:
  Ok
  2021-07-01
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It has benefited from the pandemic-induced global shift toward remote work as demand for laptops and other electronic devices soared.\nIn prepared remarks, Micron Chief Executive Sanjay Mehrotra said the company expects industry-wide supplies of both kinds of chips to remain tight until the end of next year, keeping prices high.\n“We believe Micron’s strong financial performance will continue cross-cycle, and over the long term, our revenue growth will outperform the broader semiconductor industry,” Mehrotra said.\nThe company’s revenue for the third quarter ended June 3 rose 36% to $7.42 billion, beating estimates of $7.24 billion, according to IBES data from Refinitiv.\nExcluding items, the company earned $1.88 per share in the quarter, above estimates of $1.72.\nThe company also said it will sell a plant in Lehi, Utah, to Texas Instruments Inc. Micron said it expects to get about $1.5 billion for the plant, $900 million of which will be in cash and $600 million of which will be in the value of tools it can either sell to outsiders or move to its other factories. Micron had said it would sell the Utah facility, which it shared with Intel Corp, under a joint venture formed nearly a decade ago, as part of a broader technology strategy shifthere.\nThe company took an impairment charge of $435 million because the $900 million in cash was below the book value of the factory, but Chief Business Officer Sumit Sadana told Reuters in an interview that the factory was on track to generate almost $500 million in losses this year because it was underutilized.\nMicron also said that its capital expenditures for fiscal 2021 would rise above $9.5 billion, partly driven by pre-payments as it starts to acquire extreme ultraviolet lithography (EUV) machines from Dutch maker ASML Holding NV. The machines are necessary for making the most cutting-edge chips but can cost more than $100 million each.\nThe company stretched out its use of cheaper chipmaker techniques as long as it could but will start using the EUV machines in production in 2024, officials said.\n“EUV is a very big and important tool in the manufacturing line. And EUV itself is a tool that has a long lead time for manufacturing from ASML. The orders have to be placed just about now,” Sadana 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dump","listText":"Why dump","text":"Why dump","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/151486012","repostId":1126325248,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":151488522,"gmtCreate":1625102426766,"gmtModify":1703736149062,"author":{"id":"3563863691814974","authorId":"3563863691814974","name":"Al385","avatar":"https://static.tigerbbs.com/51b962289811e9774fd45f1320a21259","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3563863691814974","authorIdStr":"3563863691814974"},"htmlText":"Nice ?","listText":"Nice ?","text":"Nice 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thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/151480929","repostId":1126325248,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5086975,"gmtCreate":1625102299069,"gmtModify":1663230363435,"authorId":3563863691814974,"author":{"id":3563863691814974,"idStr":"3563863691814974","authorId":3563863691814974,"name":"Al385","avatar":"https://static.tigerbbs.com/51b962289811e9774fd45f1320a21259","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":151480929,"type":1,"supId":0,"prevId":0,"content":"Ok?","text":"Ok?","html":"Ok?"}],"langContent":"EN"},{"id":151406546,"gmtCreate":1625100926985,"gmtModify":1703736095191,"author":{"id":"3571044048170383","authorId":"3571044048170383","name":"ShayneGun","avatar":"https://static.tigerbbs.com/87b1ce4cdbf4ee45df9abfb1a1b5df4d","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3571044048170383","authorIdStr":"3571044048170383"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/151406546","repostId":1126325248,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5884354,"gmtCreate":1631753991906,"gmtModify":1663233948156,"authorId":3559581955535845,"author":{"id":3559581955535845,"idStr":"3559581955535845","authorId":3559581955535845,"name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"currentWearingBadge":{"badgeId":"c4ee29b388ff41cc8462b3b7ea00d1e2-1","templateUuid":"c4ee29b388ff41cc8462b3b7ea00d1e2","name":"Monthly 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yet the price drop...this is a new trend..","listText":"And yet the price drop...this is a new trend..","text":"And yet the price drop...this is a new trend..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/151578668","repostId":1126325248,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5086567,"gmtCreate":1625100532944,"gmtModify":1663230359964,"authorId":3564307384077743,"author":{"id":3564307384077743,"idStr":"3564307384077743","authorId":3564307384077743,"name":"LWayne","avatar":"https://static.itradeup.com/news/95dd7493a26e1c3e9a33a2d16eaa037b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":151578668,"type":1,"supId":0,"prevId":0,"content":"agree, drop on positive news.","text":"agree, drop on positive news.","html":"agree, drop on positive 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