TapTechNews June 27 news, it is reported by Taiwanese media including China Times and Economic Daily today that the US chipmaker Micron released its third fiscal quarter (TapTechNews note: as of May 30 this year) performance report on local time June 26.
Data shows that due to the continuous high-speed development of the AI field and the rising demand for storage solutions, Micron's data center revenue has got a boost. The total revenue of this fiscal quarter reached $6.81 billion (about 49.613 billion yuan currently), and it increased by as much as 81.6% year-on-year, which is better than the $6.67 billion (about 48.593 billion yuan currently) expected by analysts previously.
Looking forward to the fourth fiscal quarter ending at the end of August this year, Micron expects its revenue range to be $7.4 billion - $7.8 billion (about 53.911 billion - 56.825 billion yuan currently), and the midpoint of the range basically meets the analyst's expected $7.58 billion (about 55.222 billion yuan currently).
After the financial report was released, Micron CEO Sanjay Mehrotra still emphasized that the AI business brings opportunities to the company, but also admitted that the demand in the smart phone and PC markets is still sluggish. The industry generally expects that Micron will benefit from the pricing power of the continuous increase of DRAM and NAND memory technology prices.
Micron CFO Sumit Sadana said, 'We are very optimistic because after Nvidia, Micron may be more likely than any other semiconductor company to be affected by the growth of AI.'
However, Micron's share price plunged 7% after hours because the revenue expectation failed to exceed the highest expectation. According to LSEG (London Stock Exchange Group), Micron's expected revenue for this fiscal quarter is $6.67 billion (about 48.593 billion yuan currently).