2023.06.29
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Reuters) -Micron Technology beat analysts' estimates for third-quarter revenue on Wednesday, driven by demand for its memory chips from the fast-growing artificial intelligence sector.
Shares of the company rose about 3% in trading after the bell. They have gained about 34% this year.
미크론 테크놀로지는 수요가 급증하는 인공지능 분야에서의 메모리 칩 수요를 통해 3분기 매출에서 분석가들의
예상을 능가했습니다.
회사의 주식은 애프터마켓 거래에서 약 3% 상승했습니다. 올해 약 34% 상승하였습니다.
CEO Sanjay Mehrotra said customers continued to reduce their excess inventory in the quarter
with inventories in the PC and smartphone segments being close to normal levels.
As a result, Micron is seeing improved pricing trends and increased confidence that the industry has passed the bottom for growth and revenue, he added.
CEO 산제이 메로트라는 고객들이 3분기 동안 과잉 재고를 계속해서 줄였으며,
PC 및 스마트폰 세그먼트의 재고가 정상 수준에 가까워졌다고 말했습니다.
이로 인해 마이크론은 가격 동향이 개선되고 성장과 수익에 대한 하락 최저점을 통과했다는
더 큰 자신감을 갖게 되고 있다고 그는 덧붙였습니다.
Micron reported revenue of $3.75 billion for the quarter ended May 31,
compared with estimates of $3.65 billion, according to IBES data from Refinitiv.
마이크론은 5월 31일에 끝난 분기(3분기)의 매출이 37.5억 달러로,
Refinitiv의 IBES 데이터의 예상치 36.5억 달러보다 조금 높았다.
Soaring demand from the generative AI sector, which has garnered heightened investor attention following the viral popularity of OpenAI's ChatGPT, has helped prop up sales amid weakness in Micron's traditional smartphone and PC markets.
The proliferation of generative AI will likely fuel a jump in demand for data to feed large language models
and could boost the need for more storage chips, analysts have said.
OpenAI의 ChatGPT의 입소문 인기를 계기로 증가한 생성적 AI 섹터의 폭발적인 수요는,
마이크론의 전통적인 스마트폰 및 PC 시장의 약세 속에서 판매를 지탱하는 데 도움이 되었습니다.
분석가들은 생성적 AI의 확산이 대규모 언어 모델에 공급하기 위한 데이터 수요의 급증을 촉발시킬 것으로 예상되며,
이는 더 많은 저장용 칩이 필요할 수 있다고 언급하고 있습니다.
U.S. chipmakers are also being caught up in the U.S.-China technology spat. Last month, China's cyberspace regulator failed Micron's products in a security review and barred purchases by operators of key infrastructure.
Micron, the biggest U.S. memory chipmaker, has said that it expects the ban to impact about half of its revenue from China-headquartered firms, which equates to a low-double-digit percentage of total revenue.
The company reiterated that several of its customers including phone manufacturers have been contacted by representatives of the Chinese government about the future use of the company's products.
Micron fourth-quarter revenue of $3.9 billion plus or minus $200 million for the quarter ending Aug. 31, largely in line with expectations.
The company, which makes DRAM and NAND flash memory chips, reported a net loss of $1.9 billion for the third quarter, compared with a profit of $2.63 billion a year earlier.
미국의 반도체업체들도 미중 기술 다툼에 휘말리고 있습니다. 지난달 중국의 사이버 공간 규제기관은
마이크론의 제품들을 보안 검토에서 떨어뜨리고 핵심 인프라 운영자들의 구매를 금지했습니다.
미국 최대의 기억 장치 제조업체인 마이크론은 중국 기업을 본사로 하는 수익의 약 절반에 해당하는 비율이
이 제재에 영향을 받을 것으로 예상되며, 이는 전체 매출의 낮은 두 자리 수 퍼센트에 해당합니다.
이 회사는 스마트폰 제조업체를 포함한 여러 고객들이 중국 정부 대표자로부터 회사 제품의
미래적인 사용에 대해 연락을 받았다고 밝혔습니다.
마이크론은 8월 31일에 끝나는 분기(4분기)의 매출이 예상과 크게 다르지 않은
39억 달러 전후로 기대되는 것을 밝혔습니다.
DRAM과 NAND 플래시 메모리 칩을 생산하는 이 회사는 3분기에 19억 달러의 순손실을 기록했으며,
이는 1년 전의 26.3억 달러의 순이익과 비교해 역전되는 결과입니다.
(Reporting by Akash Sriram in Bengaluru; Editing by Sriraj Kalluvila)
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Fiscal Q3 2023 highlights
- Revenue of $3.75 billion versus $3.69 billion for the prior quarter and $8.64 billion for the same period last year
- GAAP net loss of $1.90 billion, or $1.73 per diluted share
- Non-GAAP net loss of $1.57 billion, or $1.43 per diluted share
- Operating cash flow of $24 million versus $343 million for the prior quarter and $3.84 billion for the same period last year
매출은 31억 7500만 달러로, 이전 분기의 36억 9300만 달러와 작년 동기의 86억 4000만 달러와 비교하여 상승하였습니다.
GAAP 기준으로 순손실은 19억 달러, 주당 희석 주당 손실은 1.73 달러입니다.
Non-GAAP 기준으로 순손실은 15억 7000만 달러, 주당 희석 주당 손실은 1.43 달러입니다.
운영 현금 흐름은 2400만 달러로, 이전 분기의 3억 4300만 달러와 작년 동기의 38억 4000만 달러와
비교하여 하락하였습니다.
“Micron delivered fiscal third quarter revenue, gross margin, and EPS all above the midpoint of the guidance range,” said Micron Technology President and CEO Sanjay Mehrotra. “We believe that the memory industry has passed its trough in revenue, and we expect margins to improve as industry supply-demand balance is gradually restored. The recent Cyberspace Administration of China (“CAC”) decision is a significant headwind that is impacting our outlook and slowing our recovery. Longer-term, Micron’s technology leadership, product portfolio, and operational excellence continues to strengthen our competitive positioning across diverse growth markets, including AI and memory-centric computing.”
마이크론 테크놀로지의 사장이자 CEO인 Sanjay Mehrotra는 "마이크론은 2023년 3분기에 매출, 총매출액 마진 및 주당 순이익이 모두 예상 범위의 중간 값을 초과했습니다.
우리는 기억 장치 산업이 매출 하락의 최저점을 통과했고, 산업의 수급-수요 균형이 서서히 회복됨에 따라
마진이 개선될 것으로 기대합니다.
최근 중국 사이버 공간 관리국의 결정은 우리의 전망에 큰 악재로 작용하며 회복 속도를 늦출 것입니다.
장기적으로는 마이크론의 기술 선도력, 제품 포트폴리오 및 운영 우수성은
인공지능 및 메모리 중심 컴퓨팅을 포함한 다양한 성장 시장에서 경쟁력을 강화하고 있습니다."라고 말했습니다.
| Quarterly Financial Results | |||||||||||||||||||
| (in millions, except per share amounts) |
GAAP(1) | Non-GAAP(2) | |||||||||||||||||
| FQ3-23 | FQ2-23 | FQ3-22 | FQ3-23 | FQ2-23 | FQ3-22 | ||||||||||||||
| Revenue | $ | 3,752 | $ | 3,693 | $ | 8,642 | $ | 3,752 | $ | 3,693 | $ | 8,642 | |||||||
| Gross margin | (668 | ) | (1,206 | ) | 4,035 | (603 | ) | (1,161 | ) | 4,097 | |||||||||
| percent of revenue | (17.8 | %) | (32.7 | %) | 46.7 | % | (16.1 | %) | (31.4 | %) | 47.4 | % | |||||||
| Operating expenses | 1,093 | 1,097 | 1,031 | 866 | 916 | 953 | |||||||||||||
| Operating income (loss) | (1,761 | ) | (2,303 | ) | 3,004 | (1,469 | ) | (2,077 | ) | 3,144 | |||||||||
| percent of revenue | (46.9 | %) | (62.4 | %) | 34.8 | % | (39.2 | %) | (56.2 | %) | 36.4 | % | |||||||
| Net income (loss) | (1,896 | ) | (2,312 | ) | 2,626 | (1,565 | ) | (2,081 | ) | 2,939 | |||||||||
| Diluted earnings (loss) per share | (1.73 | ) | (2.12 | ) | 2.34 | (1.43 | ) | (1.91 | ) | 2.59 | |||||||||
Investments in capital expenditures, net(2) were $1.38 billion for the third quarter of 2023, which resulted in adjusted free cash flows(2) of negative $1.36 billion. Micron ended the third quarter of 2023 with cash, marketable investments, and restricted cash of $11.40 billion. Micron’s Board of Directors has declared a quarterly dividend of $0.115 per share, payable in cash on July 25, 2023, to shareholders of record as of the close of business on July 10, 2023.
Business Outlook
The table below presents Micron’s guidance for the fourth quarter of 2023:
| FQ4-23 | GAAP(1) Outlook | Non-GAAP(2) Outlook |
| Revenue | $3.90 billion ± $200 million | $3.90 billion ± $200 million |
| Gross margin | (12.5%) ± 2.5% | (10.5%) ± 2.5% |
| Operating expenses | $946 million ± $15 million | $845 million ± $15 million |
| Diluted earnings (loss) per share | ($1.34) ± $0.07 | ($1.19) ± $0.07 |
Further information regarding Micron’s business outlook is included in the prepared remarks and slides, which have been posted at investors.micron.com.
Investor Webcast
Micron will host a conference call on Wednesday, June 28, 2023 at 2:30 p.m. Mountain Time to discuss its third quarter financial results and provide forward-looking guidance for its fourth quarter. A live webcast of the call will be available online at investors.micron.com. A webcast replay will be available for one year after the call. For Investor Relations and other company updates, follow @MicronTech on Twitter at twitter.com/MicronTech.
About Micron Technology, Inc.
We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND, and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence and 5G applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.
© 2023 Micron Technology, Inc. All rights reserved. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners.
Forward-Looking Statements
This press release contains forward-looking statements regarding our industry, our strategic position, and our financial and operating results. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially. Please refer to the documents we file with the Securities and Exchange Commission, including our most recent Form 10-K and Form 10-Q. These documents contain and identify important factors that could cause our actual results to differ materially from those contained in these forward-looking statements. These certain factors can be found at micron.com/certainfactors. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. We are under no duty to update any of the forward-looking statements to conform these statements to actual results.
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Micron stock rises after posting better-than-expected Q3 results (yahoo.com)
Micron shares moved higher in after-hours trading after posting a smaller third quarter loss than analysts were expecting. The memory chipmaker's adjusted revenue of $3.75 billion was also better than Wall Street estimated. Yahoo Finance Live breaks down the report.
마이크론 주식은 애프터마켓 거래에서 상승했습니다. 분석가들의 예상보다 작은 3분기 손실을 발표한 후입니다.
이 기억 장치 제조업체의 조정된 매출은 37.5억 달러로, 월스트리트의 예상보다 좋았습니다.
야후 파이낸스 라이브는 이 보고서를 자세히 살펴봅니다.
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Micron Stock Jumps On Narrower Q3 Loss, Solid Memory Chip Outlook - TheStreet
“We believe that the memory industry has passed its trough in revenue, and we expect margins to improve as industry supply-demand balance is gradually restored," said CEO Sanjay Mehrotra.
"메모리 산업은 수익 하락기를 극복했다고 믿으며, 산업의 공급과 수요 균형이 점차 회복되면서
마진이 개선될 것으로 예상합니다," CEO 산제이 메로트라가 말했습니다.
Micron Technology (MU) - Get Free Report posted narrower-than-expected third quarter loss Thursday,
thanks in part to the impact of China's retaliatory ban on some of its chip products,
but said it sees a near-term recovery driven by improving market conditions and new AI demand.
마이크론 테크놀로지 (MU)는 중국의 보복적인 일부 칩 제품 금지 조치의 영향을 일부로 받아
3분기 손실이 예상보다 좁아졌으며, 그러나 시장 조건의 개선과 새로운 인공지능 수요에 의해
근시일 회복이 예상된다고 밝혔습니다.
\
Micron said its non-GAAP earnings for the three months ending in May, the group's fiscal third quarter,
was at $1.43 per share, down from a profit of $2.59 per share for the same period last year
and 15 cents inside the Street consensus forecast.
마이크론은 그룹의 5월에 마감한 3개월 동안(3분기)의 논GAAP (비회계기준) 순이익이
주당 1.43달러였다고 밝혔습니다.
이는 작년 동기 대비 주당 2.59달러의 이익에서 하락한 것이며, 월가의 예상보다 15센트 낮습니다.
Group revenues, Micron said, fell 56% to $3.752 billion as the impact of its "security review" by China's Cyberspace Administration, put in place as retribution for the Biden administration's ban on the export of high-tech equipment and chips, hammers both its top and bottom lines.
마이크론은 중국의 사이버 공간 행정부에 의한 "보안 검토"의 영향으로 인해 그룹 매출이 3.752억 달러로
56% 하락했다고 밝혔습니다. 이는 바이든 행정부의 고성능 기술 장비와 칩 수출 금지에 대한 보복으로 시행된 것으로,
이로 인해 상하단선에 모두 타격을 입었습니다.
Looking into the current quarter, Micron said it sees another non-GAAP loss of $1.34 per share,
with revenues of around $3.9 billion, both of which were largely in-line with Refinitiv forecasts.
현재 분기에 대해 마이크론은 주당 비 GAAP (비회계기준) 손실이 1.34달러, 매출액이 약 39억 달러로
예상된다고 밝혔으며, 이는 대부분 Refinitiv의 예측과 일치합니다.
“Micron delivered fiscal third quarter revenue, gross margin, and EPS all above the midpoint of the guidance range,” said CEO Sanjay Mehrotra. “We believe that the memory industry has passed its trough in revenue, and we expect margins to improve as industry supply-demand balance is gradually restored."
"The recent Cyberspace Administration of China decision is a significant headwind that is impacting our outlook and slowing our recovery," he added. "Longer-term, Micron’s technology leadership, product portfolio, and operational excellence continues to strengthen our competitive positioning across diverse growth markets, including AI and memory-centric computing."
Micron shares were marked 3.85% higher in after-hours trading immediately following the earnings release
to indicate a Thursday opening bell price of $69.65 each.
마이크론 주식은 손익 발표 후 애프터마켓 거래에서 3.85% 상승하여 목요일 개장 시 1주당 69.65달러의 가격을 나타냈습니다.