The following is a summary of the Micron Technology, Inc. (MU) Post Earnings Q1 2025 Earnings Call Transcript:

Financial Performance:

• Micron Technology reported a 100 basis point decline in gross margin, primarily due to NAND-related issues such as mixed pricing and lower shipments.

• DRAM pricing remains stable with positive mix impacts from high-value memory (HVM) and server DRAM, although offset by weak commodity pricing.

• Expectations are set for sequential reacceleration in data center SSD in fiscal Q3, driven by robust AI demand.

Business Progress:

• Micron has made significant advancements in its enterprise and data center SSD market share, growing from 3-5% to approximately 14%.

• The company introduced the world's first PCIe Gen5 60 terabyte SSD and the 9550, the fastest SSD, contributing to several quarters of record-setting revenue and market share performance.

Opportunities:

• The data center segment, especially data center SSDs, is anticipated to see continued growth supported by strong customer capital expenditures into 2025.

• Growth opportunities are also seen in high-capacity DRAM DIMMs and leading-edge memory products like LPDDR5x.

Risks:

• The near-term moderation in data center SSD, seasonal fluctuations, and continued high inventory levels in customer channels pose risks for fiscal Q2.

• NAND market conditions are expected to remain challenging into the fiscal third quarter, impacting gross margins.

More details: Micron Technology IR

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