(Bloomberg) – Stocks Micron Technology Inc., the largest American computer -memory manufacturer, fell after the company reported that Marža would miss the assessments of analysts in this quarter.
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Micron’s gross margin were 37.9% in the second quarter on a custom basis, according to a statement on Thursday. This missed the average assessment of analysts of 38.4% composed by Bloomberg. The prognosis for the current period, approximately 36.5%, has also fallen since the prediction.
The metric is probably affected by Nand Flash Memorial Products, which can be improved later in the year, said Bernstein analysts in the note after the results. It was the first time Micron’s margins narrowed because the industrial crowd turned them negative 2023.
“There was a challenging industrial environment in Nand,” said Executive Vice President Sumit Sadan in an invitation with analysts. “As the industrial environment improves, especially in nand, you will see a much better path than us.”
Micron shares on Friday fell 8.3% in New York at 9:33 in the morning. The shares, which is 22% this year until Thursday, closed to $ 103.
The margins have attracted attention with the otherwise strong forecast of sales for the current quarter, strengthened by demand for artificial intelligence products.
The fiscal revenue in the third quarter will be around $ 8.8 billion, the company said. This is compared to an average assessment of analysts of $ 8.55 billion. It will receive about $ 1.57 per share, excluding certain items, compared to analysts in the amount of $ 1.48 on average.
Micron sees a strong demand for components used in data machines that develop and trigger artificial intelligence software. Its traditional markets – chips for phones and computers – were weaker. But they showed signs of recovery.
Sales in the second quarter climbed to $ 38% to $ 8.5 billion, Micron said with headquarters in Idah. Analysts provided $ 7.91 billion. The earnings grew to $ 1.56, a minus of certain items, surpassing a $ 1.43 prediction.
“The Revenue of the Data Center has tripled from a year ago,” the executive director Sanjay Mehrotra said in a statement. “We are on the way for record revenues and significantly improved profitability in the fiscal 2025.”
High -width of the company or HBM has become a vital part of AI system. The revenue from that technology has exceeded $ 1 billion in the second quarter, Micron said, stating “a strong execution and a robust demand of AI”.
