Micron Technology, Inc. (MU) Annual JPMorgan Global Technology, Media and Communications Conference (Transcript)

Core Insights - Micron Technology is participating in the JPMorgan Global Technology, Media and Communications Conference, indicating its engagement with investors and analysts in the semiconductor sector [1][2] - The company anticipates quarter-on-quarter growth in bid shipments for both DRAM and NAND, driven by the clearance of excess inventories in consumer-oriented markets such as smartphones and PCs [3] - Micron is projecting record revenues but expects a slight decline in gross margins by 140 basis points to approximately 36.5%, attributed to a higher mix of consumer-oriented volumes [3] Company Performance - The company has noted challenges with NAND under-utilizations and lower pricing trends in calendar Q1, although these have been somewhat mitigated by strong performance in High Bandwidth Memory (HBM) [4] - DRAM pricing trends have been highlighted as a significant factor in the company's overall performance outlook [4]