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Micron Sees Some Flashing Pain -- Heard on the Street

Micron Sees Some Flashing Pain -- Heard on the Street

美光看到了一些閃光的痛苦--在街上都能聽到
Dow Jones Newswires ·  2020/09/30 07:09

DJ Micron Sees Some Flashing Pain -- Heard on the Street

DJ美光看到了一些閃光的痛苦--在街上聽到的


By Dan Gallagher

丹·加拉格爾(Dan Gallagher)著

Micron was in the odd position of facing both high and low expectations for its fiscal fourth quarter reported Tuesday afternoon. Unfortunately for the memory chip maker, the high side ruled the day.

據週二下午報道,美光正處於一個奇怪的境地,對其第四財季的預期既高又低。不幸的是,對於這家存儲芯片製造商來説,偏高的一面佔據了主導地位。

Revenue for the quarter came in at nearly $6.1 billion, beating Wall Street's $5.9 billion forecast and up about 24% year over year. Adjusted earnings of $1.08 per share also exceeded analysts projections. The gain mainly came from DRAM memory, where revenue surged 29%.

該季度營收接近61億美元,超過華爾街預測的59億美元,同比增長約24%。調整後的每股收益為1.08美元,也超過了分析師的預期。收益主要來自DRAM內存,營收猛增29%。

DRAM makes up more than two-thirds of Micron's total business. But the company said on its earnings call Tuesday that it sees a "mix shift" toward NAND flash sales in the first half of its new fiscal year. That will weigh somewhat on profits because of pricing pressure and higher costs associated with a new manufacturing process. The company expects both issues to ease in the second half of the year.

DRAM佔美光總業務的三分之二以上。但該公司在週二的財報電話會議上表示,在新財年的上半年,它看到了NAND閃存銷售的“混合轉變”。這將在一定程度上拖累利潤,因為定價壓力和與新制造工藝相關的更高成本。該公司預計,這兩個問題都將在今年下半年得到緩解。

Micron has been among the weakest-performing chip stocks this year, down nearly 6% compared with the 21% run by the PHLX Semiconductor Index in that time. But the stock has shot up more than 11% this month -- the best performance in the group -- based on market data showing some improvements in memory pricing. Given that results weren't quite enough to justify recent hype, the stock slipped more than 3% in Tuesday's after-hours trading.

美光是今年表現最差的芯片股之一,與同期PHLX半導體指數21%的表現相比,美光下跌了近6%。但根據市場數據顯示內存定價有所改善,該股本月已飆升逾11%,為同類股票中表現最好的股票。鑑於業績不足以證明最近的炒作是合理的,該股在週二的盤後交易中下跌了3%以上。

But Micron continues to see strong memory chip demand driven by cloud computing services. Growing sales of 5G phones that use more memory should also help demand in the year ahead. The company might even be able to surf in Nvidia's strong wake because that company's new gaming and artificial-intelligence chips require more memory.

但在雲計算服務的推動下,美光繼續看到強勁的內存芯片需求。使用更多內存的5G手機銷量不斷增長,也應該會提振未來一年的需求。由於英偉達的新遊戲和人工智能芯片需要更多內存,該公司甚至可以在英偉達強勁的尾聲中衝浪。

Tuesday's market reaction shows what happens when expectations run hot.

週二的市場反應表明,當預期升温時會發生什麼。

Write to Dan Gallagher at dan.gallagher@wsj.com

寫信給丹·加拉格爾(Dan Gallagher),電子郵件:dan.Gallagher@wsj.com

(END) Dow Jones Newswires

(完)道瓊通訊社

September 29, 2020 19:09 ET (23:09 GMT)

2020年9月29日美國東部時間19:09(格林尼治標準時間23:09)

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