On June 27th, Micron Technology (MU.US) fell 6.17% in pre-market trading, reporting $133.57 per share. In terms of news, Micron's third-quarter revenue was $6.81 billion, with analysts expecting $6.67 billion; adjusted EPS was $0.62, with analysts expecting $0.5. The company expects fourth-quarter revenue to be between $7.4 billion and $7.8 billion, with analysts generally expecting $7.58 billion, but still not reaching the "super high expectations" of some analysts, which exceeded $8 billion. Adjusted EPS is about $1.08, with analysts expecting $1.02. Micron executives have stated that due to the difficulty of increasing factory output and coordinating chips with systems, HBM's supply growth has actually "hit the brakes", with orders for HBM chips already filled until after 2025, while the smart phone and PC markets continue to languish.
美股异动｜美光盘前跌超6% 业绩指引难达华尔街“超高预期”+HBM芯片产能受限
US stock market anomalies | Micron pre-market fell more than 6%, performance guidance difficult to reach Wall Street's "ultra-high expectations" + HBM chip production capacity is limited.
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