Micron earnings: As memory-chip glut persists, can forecast raise hopes? (谈股论金)  707次阅读

作者: 雅歌 , 发表于: 2019-03-18 (1929天前) @ 唐歌

https://www.marketwatch.com/story/micron-earnings-as-memory-chip-glut-persists-can-forecast-raise-hopes-2019-03-15?siteid=yhoof2&yptr=yahoo

Micron Technology Inc. faces a lowered bar for its quarterly results, but will need to show signs of a turnaround in the memory chip market later to avoid yet more concerns.
Micron MU, +2.94% is scheduled to report fiscal second-quarter earnings after the bell Wednesday. The Boise, Idaho-based chip maker has had to contend with its own success after booking record sales in its most recent August-ending quarter as vendors scrambled to stock up on DRAM and NAND memory chips while prices were on the rise. DRAM, or dynamic random access memory, is the type of memory commonly used in PCs and servers, while NAND chips are the flash memory chips used in USB drives and smaller devices such as digital cameras.
This time last year, Micron forecast a rosy outlook and had announced plans to increase its production capacity as data-center demand for chips appeared limitless. As a result, distributors bought more than their usual amount of chips to lock in prices before they rose any higher, resulting in a market oversupply and falling prices.
Don’t miss: The promise of a magical rebound for tech comes with little evidence to back it up
Micron has had to scale back on its forecasts ever since, with an outlook that fell well below Street expectations following the company’s Dec. 18 earnings report. Many analysts don’t foresee a thaw in the market glut until late 2019 at the earliest. As recently as October, Micron Chief Executive Sanjay Mehrotra said the supply and demand mismatch should last only a quarter or two.