Go Go Go Micron. Leave us alone Omicron
Nice trending to close the year. Closing above $95.
Promising outlook in 2022.
Recently Micron Technology report Q1 22 results and well on track for record revenue and solid profitability in fiscal 2022
Micron Technology is a world leader in innovative memory and storage solutions that accelerate the transformation of information into intelligence, inspiring the world to learn, communicate, and advance faster than ever.
It produces computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives. It is headquartered in Boise, Idaho.
Fiscal Q1 2022 highlights
Revenue of $7.69 billion versus $8.27 billion for the prior quarter and $5.77 billion for the same period last year
GAAP net income of $2.31 billion, or $2.04 per diluted share
Non-GAAP net income of $2.47 billion, or $2.16 per earning per share
Operating cash flow of $3.94 billion versus $3.88 billion for the prior quarter and $1.97 billion for the same period last year
Micron is shipping the industry leading DRAM and NAND technologies across major end markets, and we delivered new solutions to data center, client, mobile, graphics and automotive customers. As powerful secular trends including 5G, AI, and EV adoption fuel demand growth, our technology leadership and world class execution position Micron to create significant shareholder value in fiscal 2022 and beyond.
In December, Micron declared a quarterly dividend of $0.10 per share, payable in cash on January.
So for consecutive Quarters, Micron distribute dividend, which is a new for Micron. It implies that the cash flow continue to be very healthy. Beside injecting cash to research and Development, it was able to give out a small dividend. EUV adoption may seem like a late adoption in Micron. But looking from another angle, Micron is able to deliver leading edge technology without EUV. That show the team is highly innovative. And cost of manufacturing is also lower without EUV. With the EUV technology now more established, it good time for Micron to jump in. Overall, I am very confident on Micron in 2022/23. Staying vested. And will add more to my position.
Go Go Go. @小虎活动@Tiger Stars
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
To the moon... $98 now.....[smile] [smile] [Call] [Call] [Call]