Micron Updates First Quarter Fiscal 2021 Guidance

  • December 1, 2020
  • Home
  • USA
  • Micron Updates First Quarter Fiscal 2021 Guidance

BOISE, Idaho, Dec. 01, 2020 (GLOBE NEWSWIRE) — Micron Technology, Inc. (Nasdaq: MU) (the “Company”), today announced that it is increasing its revenue, gross margin and EPS guidance for the first quarter of fiscal 2021, which ends Dec. 3, 2020, as set forth in the tables below.
Micron President and Chief Executive Officer Sanjay Mehrotra will share further updates in a fireside chat at the Credit Suisse Annual Technology Conference scheduled to take place at 8:30 a.m. Pacific time on Dec. 1, 2020. The live webcast and subsequent replay of the event can be accessed from Micron’s Investor Relations website at investors.micron.com.
(1)   GAAP earnings per share based on approximately 1.14 billion diluted shares and non-GAAP earnings per share based on approximately 1.15 billion diluted shares.About Micron Technology, Inc.We are an industry leader in innovative memory and storage solutions. Through our global brands — Micron® and Crucial® — our broad portfolio of high-performance memory and storage technologies, including DRAM, NAND, 3D XPoint™ memory, and NOR, is transforming how the world uses information to enrich life for all. Backed by more than 40 years of technology leadership, our memory and storage solutions enable disruptive trends, including artificial intelligence, 5G, machine learning, and autonomous vehicles, in key market segments like mobile, data center, client, consumer, industrial, graphics, automotive, and networking. Our common stock is traded on Nasdaq under the MU symbol. To learn more about Micron Technology, Inc., visit micron.com.© 2020 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. 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 StatementsThis press release contains forward-looking statements regarding the Company’s 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 the Company files with the Securities and Exchange Commission, specifically its most recent Form 10-K. These documents contain and identify important factors that could cause the Company’s actual results to differ materially from those contained in these forward-looking statements. These certain factors can be found at www.micron.com/certainfactors. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee future results, levels of activity, performance, or achievements. The Company is under no duty to update any of the forward-looking statements after the date of this press release to conform these statements to actual results.Micron Media Relations Contact
Erica Pompen
Micron Technology, Inc.
+1 (408) 834-1873 Micron Investor Relations Contact
Farhan Ahmad
Micron Technology, Inc.
+1 (408) 834-1927


Wall St Business News, Latest and Up-to-date Business Stories from Newsmakers of Tomorrow