Chipmaker Micron Predicts Steep Loss in Current Quarter

Micron faces a mixed financial outlook with a projected loss in the fiscal first quarter, yet better-than-expected sales. The company has experienced consecutive sales declines but anticipates a return to growth. Market dynamics show consumer electronics remain weak, while data centers are still managing excess inventory. The 2025 outlook appears positive, with pricing stabilization expected in 2024. Challenges include US-China policy impacts, but analysts are optimistic about the long-term outlook.

What is the projected loss per share for Micron in the fiscal first quarter?

• $0.96

• $0.75

• $1.14

• $1.50

What is the expected sales range for Micron in the November quarter?

• $4.0 to $4.5 billion

• $3.5 to $4.0 billion

• $4.2 to $4.6 billion

• $5.0 to $5.5 billion

According to Micron's CEO, what is the current state of the consumer electronics market?

• Strong and growing

• Stable and consistent

• Weak and recovering

• Declining rapidly

What is the outlook for Micron's memory chip pricing in 2024?

• Prices will remain volatile

• Prices will increase sharply

• Prices will stabilize

• Prices will decrease significantly

What is one of the near-term concerns for Micron mentioned in the transcript?

• Increased competition from Europe

• US policy towards China

• Rising production costs

• Decreasing demand in South America