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Micron Technology, Inc., (NASDAQ:MU), Reports 2018 Q1 Results. Segment results reviewed.

Micron Technology, Inc., (NASDAQ:MU), is a known leader in innovative memory and storage solutions. The company owns the global brands, Micron, Crucial, and Ballistix.  Micron’s portfolio includes high performance storage, DRAM, NAND, NOR Flash and 3D X Point memory. 

The company released 2018 Q1 results on December 19, 2017.   The quarter’s results were driven by double-digit growth in mobile, server and SSD applications revenues.   Improved profitability is also shown throughout company operations. 

      Micron reports four segments.  

Compute and Networking Business Unit - CNBU - includes memory products sold into computer, networking, graphics, and cloud server markets.  Storage Business Unit -SBU- includes, memory and storage products sold into enterprise, client, cloud, and removable storage markets.  Mobile Business Unit-MBU- includes memory products sold into smartphone, tablet, and other mobile-device markets. Embedded Business Unit-EBU-includes memory products sold into automotive, industrial, connected home, and consumer electronics markets.

In the chart below, Revenues and Operating Income are shown below for all segments. 

All segments have shown growth compared to the 2017 Q1, with Compute and Networking Business Unit coming out on top due to higher sales into the enterprise market driven by increasing memory content for servers, increases in sales of the GDDR5 and GDDR5X products into the graphics market in return a strong demand from the gaming industry, and overall.

The operating Income is also examined for each segment in the chart below, CNBU once again drawing attention.  The company states, "Growth in CNBU markets drove increases for the first quarter of 2018 in average selling prices and sales volumes as compared to the first quarter of 2017. CNBU operating income for the first quarter of 2018 improved from the first quarter of 2017 primarily due to improved pricing from strong market conditions, manufacturing cost reductions, and product mix."

Micron reports net sales by-products.  DRAM, Trade Nand, and Non-Trade.  Non-Trade consists of NAND and 3D XPoint products manufactured and sold to Intel through IMFT under a long-term supply agreement at prices approximating cost. Information regarding products that combine both NAND and DRAM components is reported within Trade NAND. Other includes sales of NOR and trade 3D XPoint products.  YOY analysis is shown. 

Dram is currently excelling due to the healthy Market Environment and broad demand for drivers. Micron will continue to benefit from these broad demand trends. To view other data points collected within the company, click here : https://hadeplatform.com/company.php?q=361.