Sees Q2 net capital expenditures $3B. Sees Q2 tax rate in mid-teens percent range. Sees FY26 tax rate in high-teens percentage range. The company said, “In closing, Micron (MU) will remain circumspect and flexible with all our spending, including operating expenses and capital investments. We are making disciplined investments in DRAM and are driving the ramp of HBM. In NAND, we are taking prompt and decisive actions to cut our capital spending and cut our wafer output to maintain supply discipline. We expect to deliver a substantial revenue record, significantly improved profitability and positive free cash flow in fiscal 2025.”
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Read More on MU:
- Micron expects DRAM bit shipments to decline sequentially
- Micron falls 10% to $94.01 after guidance misses estimates
- Micron says NAND bit demand growth lower than prior expectations
- Micron says pace of technology transitions will need to slow
- Micron says HBM3E 8H designed into Nvidia’s Blackwell platforms
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
