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home / news releases / MU - Micron's Fiscal Q2 2024 Earnings Preview With Eyes On HBMx

MU - Micron's Fiscal Q2 2024 Earnings Preview With Eyes On HBMx

Micron Technology Inc.

2024-03-18 12:32:08 ET

Summary

  • Micron is set to announce its Q2 2024 earnings results on March 20 with focus areas on memory market recovery and increased demand for HBM in AI applications.
  • Micron aims to allocate 30% of sales to capex and 10% to R&D, following industry peers' practices.
  • Micron's HBM3x memory and its volume production are expected to contribute to revenue growth in 2024 and 2025.
  • Micron's share of the HBMx market will reach 2.9% in 2024 growing to 15% in 2025.

Micron Technology, Inc. ( MU ) announces its Fiscal 2Q2024 earnings call on March 20, 2024. Key areas of focus will be on a recovery in the memory market and increased demand for High Bandwidth Memory ("HBM"), particularly aimed at artificial intelligence ("AI") applications....

For further details see:

Micron's Fiscal Q2 2024 Earnings Preview With Eyes On HBMx
Stock Information
Company Name: Micron Technology Inc.
Stock Symbol: MU
Market: NASDAQ
Website: micron.com
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