MU - Micron Technology Inc. (MU) J.P. Morgan's 52nd Annual Global Technology Media and Communications Conference (Transcript)
2024-05-21 12:31:06 ET
Micron Technology, Inc. (MU)
J.P. Morgan’s 52nd Annual Global Technology, Media and Communications Results Conference
May 21, 2024 08:10 AM ET
Company Participants
Mark Murphy - EVP & CFO
Manish Bhatia - EVP of Global Operations
Conference Call Participants
Harlan Sur - JPMorgan
Presentation
Harlan Sur
Good morning, and welcome to the second day of JPMorgan's 52nd Annual Technology Media and Communications Conference. My name is Harlan Sur. I'm the semiconductor and semiconductor capital equipment analyst for the firm.
Very pleased to have Mark Murphy, Chief Financial Officer; and Manish Bhatia, Chief Operating Officer at Micron Technology, here with us this morning. Gentlemen, thank you for joining us. I'm going to go ahead and kick off the Q&A, and we'll have some time for audience questions as well. So again, thanks for joining.
As we closed out the March earnings season, heard from most of your peers. All of them echoed similar reviews relative to your earnings call back in March, right? Tight industry supply; demand trends expected to continue into next year; customer inventories of memory at normalized levels; better second-half seasonal demand trends; strong new drivers of growth like AI, which is obviously pulling demand for things like HBM and data center SSDs; and finally, a posture of continued supply side and CapEx discipline, right?...
Micron Technology, Inc. (MU) J.P. Morgan's 52nd Annual Global Technology, Media and Communications Conference (Transcript)