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MU Earnings: Sold Out Capacity, Record Sales... Why We're Cautious.
Micron just reported a record-breaking quarter with $13.6 billion in revenue and confirmed that their capacity is fully booked through 2026. We analyze the company's impressive sequential growth and the Q2 outlook which implies a 132% year-over-year revenue increase. Additionally, we clarify the misunderstanding regarding the company's decision to exit its direct-to-consumer memory unit versus its ongoing sales to PC and smartphone manufacturers.<br>
Despite the strong performance, we remain prudent regarding valuation and the cyclical nature of the industry. We break down the adjusted free…
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