Micron Technology Inc
MU: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
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| LOCK|>y | LOCK|w$f | LOCK|gZ<>^<@ |
Micron: Positive Preearnings Announcement Reflects Robust Short-Term Pricing
Micron Technology raised its fiscal fourth quarter (August-end) guidance, citing stronger dynamic-random-access-memory, or dram, pricing. The new guidance implies $500 million more revenue (new midpoint $11.2 billion) and 250 basis points more non-GAAP gross margin (new midpoint 44.5%).
