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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%+ after hours (Ian King/Bloomberg) from Techmeme RSS feed.
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 (Ian King/Bloomberg)
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