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Micron reports Q1 revenue up 84% YoY to $8.71B, in line with est., Q2 revenue forecast below est. due to sluggish phone and PC demand; MU drops 15%+ a


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2024-12-19 01:59:07
milo
Cybersecurity Business

Ian King / Bloomberg:

Micron reports Q1 revenue up 84% YoY to $8.71B, in line with est., Q2 revenue forecast below est. due to sluggish phone and PC demand; MU drops 15%+ after hours  —  - Strong AI growth isn't offsetting a slowdown elsewhere  — Micron CEO cites weakness in consumer-oriented markets




Ian King / Bloomberg:

Micron reports Q1 revenue up 84% YoY to $8.71B, in line with est., Q2 revenue forecast below est. due to sluggish phone and PC demand; MU drops 15%+ after hours  —  - Strong AI growth isn't offsetting a slowdown elsewhere  — Micron CEO cites weakness in consumer-oriented markets



Source: TechMeme
Source Link: http://www.techmeme.com/241218/p33#a241218p33


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