Micron will release its earnings after the market closes on the 30th.
Last quarter's revenue was about 41.4 billion, and the company itself is guiding this quarter to around 50 billion, with a gross margin of about 86%. Outside analysts are still raising estimates, with some projecting next quarter's revenue to be between 58 and 59 billion.
The memory price hike is not over yet. The average DRAM price rose about 20% this quarter, and it may increase by another increment next quarter; some say the shortage will last until the second quarter of next year.
The stock price has nearly tripled this year. No matter how good the earnings report is, if the guidance is weak, the stock will still be hit. Whether this quarter beats estimates is just the entry ticket; next quarter's revenue and gross margin will set the tone.
Last quarter's revenue was about 41.4 billion, and the company itself is guiding this quarter to around 50 billion, with a gross margin of about 86%. Outside analysts are still raising estimates, with some projecting next quarter's revenue to be between 58 and 59 billion.
The memory price hike is not over yet. The average DRAM price rose about 20% this quarter, and it may increase by another increment next quarter; some say the shortage will last until the second quarter of next year.
The stock price has nearly tripled this year. No matter how good the earnings report is, if the guidance is weak, the stock will still be hit. Whether this quarter beats estimates is just the entry ticket; next quarter's revenue and gross margin will set the tone.