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Micron enjoys 'solid quarter' despite DRAM sales decline - PC Retail

Micron enjoys 'solid quarter' despite DRAM sales decline

Crucial's parent company reports net income of $934 million for its fiscal Q2 2015
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Crucial's parent company Micron says it's pleased with its performance during its fiscal Q2, despite a dip in DRAM unit sales and average selling prices.

The memory specialist generated net income of $934 million for its second quarter ending March 5th 2015, up from the $731 million it generated during the same period one year ago.

Revenues reached $4.17 billion during the period, a one per cent rise over Q2 2014.

However, revenues for Q2 2015 were nine per cent lower compared to Q1 2015, primarily due to declines in DRAM unit volumes, as a result of one less week in the second quarter of fiscal 2015, and to decreases in average selling prices for both NAND and DRAM.

The company's overall consolidated gross margin of 34 per cent for Q2 2015 was down two per cent compared to Q1 2015, primarily due to lower average selling prices for NAND and DRAM, partially offset by lower manufacturing costs.

"Micron posted another solid quarter in our fiscal Q2 2015," said Micron CEO Mark Durcan.

"We are pleased with our progress on technology and product migrations and remain confident in the performance of our business."

Investments in capital expenditures stood at $853 million for the second quarter of fiscal 2015. 

Read the upcoming May issue of PCR for a special look at the memory sector

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