Tech News: Micron Technology Anticipates Improved Q4 Results Amidst Memory Industry Recovery

On the 27th of this month, after the closing bell in the United States, Micron Technology (Micron) is set to unveil its financial report, drawing keen interest from the market on its outlook for the memory chip industry.

As the memory industry's prospects improve and demand for DRAM and NAND flash memory increases, chip manufacturer 美光科技 is expected to reveal in its upcoming financial report this Wednesday that the previous quarter's revenue decline and losses have narrowed. However, profit recovery is still expected to be constrained by rising expenses and sluggish prices.

Micron is scheduled to release its fiscal year fourth-quarter (Q4) report, ending in late August, after the market closes on the 27th. Wall Street currently anticipates a 41% year-on-year decrease in Micron Technology's Q4 revenue, to $3.91 billion, with an expected adjusted loss of $1.18 per share, compared to adjusted earnings of $1.45 per share in the same period last year.

Micron Technology is one of the companies most affected by the semiconductor industry's supply-demand imbalance. Over the past year, the company's stock price has experienced a series of fluctuations but has maintained a moderate upward trend. While a decrease in new orders may exert pressure on Micron Technology's revenue, the growing demand for storage chips, driven by the continuous growth of artificial intelligence needs, is expected to benefit the company.

Previous guidance from Micron Technology indicates an expected Q4 revenue ranging from $3.7 billion to $4.1 billion, with an anticipated adjusted loss per share of $1.12 to $1.26. Sanjay Mehrotra, President and CEO of Micron Technology, previously stated that the low point in the semiconductor industry's revenue has passed, and as industry supply and demand balance gradually recovers, profit margins are expected to improve.

Reports suggest that Micron Technology has already started raising contract prices for NAND Flash memory wafers, a move expected to have a positive impact on the company's profitability in the second half of the year.

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