$MU (Micron Technology, Inc.)

$MU {{ '2016-04-15T09:31:42+0000' | timeago}} • Announcement

Semiconductor device maker $MU announced the pricing of $1.25Bil of its 7.500% senior secured notes due 2023. The sale of the notes is expected to close on April 26, 2016. Company intends to use net proceeds from the offering for general corporate purposes, including to fund CapEx, working capital, and pay related expenses.

$MU {{ '2017-10-10T20:45:01+0000' | timeago}} • Announcement

$MU said it is planning to offer around $1Bil shares of common stock in a public offering. The net proceeds from the offering is expected to be about $476MM. The company intends to use the amount to redeem approximately $438MM in aggregate principal amount of its 7.5% senior secured notes due 2023 and pay accrued and unpaid interest thereon.

$MU {{ '2017-09-27T17:33:30+0000' | timeago}} • Webcast

$MU is excited about the demand requirements for DRAM as well as for NAND. The company is making great penetration with the hyperscale customers in terms of driving growth in DRAM. $MU remains bullish about the DRAM market environment through 2017 and believes there will be healthy demand supply balance in DRAM throughout 2018 as well.

$MU {{ '2017-09-27T17:10:02+0000' | timeago}} • Webcast

In 4Q17, $MU’s Compute & Networking Business Unit revenue more than doubled YoY to $2.8Bil. The Mobile Business Unit delivered revenue of $1.2Bil, up 76% from 4Q16. The Storage Business Unit reported revenue of $1.3Bil, up 71% YoY. The Embedded Business Unit posted revenue of $827MM, up 61% YoY.

$MU {{ '2017-09-27T17:09:43+0000' | timeago}} • Webcast

Late in 4Q17, $MU identified and corrected a flash component issue on select TLC 3D NAND products. Shipments of affected products were paused as $MU worked to find a solution. As a result, SSD revenue declined sequentially during 4Q17. Shipments have now restarted and $MU expects to resume solid sequential SSD revenue growth in 1Q18.

$MU {{ '2017-09-26T21:22:44+0000' | timeago}} • Infographic

$MU Micron Technology Earnings AlphaGraphic: Q4 2017 Highlights

$MU {{ '2017-09-26T20:36:13+0000' | timeago}} • Announcement

For 1Q18, $MU expects revenue to be $6.10-6.50Bil and diluted EPS to be $2.09-2.23. Gross margin is expected to be 50-54%. Operating income is expected to be $2.65-2.85Bil while Opex is expected to be $575-625MM.

$MU {{ '2017-09-26T20:31:56+0000' | timeago}} • Announcement

$MU reported a net income of $2.37Bil or $1.99 per share in 4Q17 compared to a net loss of $170MM or $0.16 per share in 4Q16. Adjusted net income totaled $2.39Bil or $2.02 per share in 4Q17. Revenues were $6.14Bil, up 91% compared to last year.

$MSCC {{ '2017-09-06T14:38:41+0000' | timeago}} • Announcement

$MSCC appointed Richard Beyer to its BoD. Beyer was chairman and CEO of Freescale Semiconductor from 2008 through June 2012. Beyer currently serves as chairman of the board at Dialog Semiconductor PLC and sits on the board at $MU.

$MU {{ '2017-06-29T21:31:48+0000' | timeago}} • Webcast

$MU said the server demand continues to be strong for DRAM. Looking at the growth for DRAM content combined with the unit server increases, $MU believes the bit growth rate for the industry would be about 40% YoY. This is a high-value segment of the market.

$MU {{ '2017-06-29T21:22:18+0000' | timeago}} • Webcast

$MU has made strong progress over the past few quarters in Client SSDs as well as Enterprise and Cloud SSDs. The market share has also increased meaningfully. The market share in Enterprise and Cloud stands at sub 10% levels and in Client SSDs, the market share is in high single digits at present.

$MU {{ '2017-06-29T21:12:43+0000' | timeago}} • Webcast

For 4Q17, $MU expects adjusted revenues to be $5.7-6.1Bil. Adjusted gross margin is expected to be 47-51%, adjusted Opex is expected to be $575-625MM and adjusted operating income is expected to be $2.2-2.4Bil. Adjusted EPS is expected to be $1.73-1.87.

$MU {{ '2017-06-29T21:04:35+0000' | timeago}} • Webcast

During 3Q17, $MU’s embedded business unit recorded a 44% increase in revenue YoY to $700MM, driven by strong demand growth across all segments and a better pricing environment. The compute and networking business unit reported revenue of $2.4Bil. The storage business unit delivered revenue of $1.3Bil in 3Q17.

$MU {{ '2017-06-29T20:47:02+0000' | timeago}} • Webcast

$MU had strong revenues in all business units in 3Q17, nearly doubling the company level’s YoY revenue performance. In the compute and networking business unit, all segments posted significant gains from year-ago levels. Revenue from cloud customers was more than four times higher YoY and $MU saw increased enterprise demand.

$MU {{ '2017-06-29T20:32:31+0000' | timeago}} • Infographic

$MU Micron Technology Earnings AlphaGraphics: Q3 2017 highlights

$MU {{ '2017-06-29T20:20:18+0000' | timeago}} • Announcement

$MU reported net income of $1.65Bil or $1.40 per share for 3Q17 compared to a net loss of $215MM or $0.21 per share for 3Q16. Revenues were $5.57Bil, up 92% compared to 3Q16. The 3Q17 results reflects solid execution of cost reduction plans and favorable industry supply and demand dynamics.

$MU {{ '2017-06-26T21:49:08+0000' | timeago}} • Announcement

$MU announced the appointment of Jeff VerHeul as SVP, Non-Volatile Engineering, reporting to Sanjay Mehrotra, President and CEO. VerHeul most recently was SVP, Corporate Engineering at SanDisk.

$MU {{ '2017-06-22T13:58:03+0000' | timeago}} • Announcement

$MU has appointed Sumit Sadana as EVP and Chief Business Officer. He will report to Sanjay Mehrotra, President and CEO. Mr. Sadana has previously worked with IBM and Freescale Semiconductor.

$MU {{ '2017-04-27T15:57:31+0000' | timeago}} • Announcement

$MU's BoD appointed Sanjay Mehrotra as president and CEO and a member of the board, effective May 8, 2017. Mehrotra succeeds Mark Durcan, who will step down as CEO and from its BoD effective May 8, 2017. But Durcan will serve as an advisor to the company until early August.

$MU {{ '2017-03-23T22:11:18+0000' | timeago}} • Webcast

$MU said that it is focused on technology transitions and not focused on adding more supply. The company is utilizing the existing capacity and transitioning through advanced nodes. $MU is not planning for any capacity additions this year.

$MU {{ '2017-03-23T21:25:54+0000' | timeago}} • Webcast

$MU said that the business environment in 2Q17 continue to be positive with results favorably impacted by product mix, progress on cost improvement and the sustained positive pricing environment. DRAM represented 64% of total revenue in the recently ended quarter.

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