trending Market Intelligence /marketintelligence/en/news-insights/trending/AJql-oPhDCLQpOtMPvVz-A2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Micron trims capex projections, expects lower revenue in fiscal Q3

Corporate and Municipal CUSIP Requests Drop in July

As COVID-19 Wears On, Regulators Examine Moratorium Extensions, Cost Recovery

Essential Energy Insights July 2020 - Issue 2

Q&A Credit Risk Perspectives Series: COVID-19 Credit Risks and Recovery for Supply Chains


Micron trims capex projections, expects lower revenue in fiscal Q3

Micron Technology Inc. cut back on spending plans for fiscal 2019 as it expects a quarterly decline in third-quarter revenues, despite its projection of improvement in memory chip demand.

The company expects non-GAAP revenue of $4.8 billion, plus or minus $200 million, in its third fiscal quarter. The guidance represents a decline from $5.84 billion reported in the second fiscal quarter ended Feb. 28 but is in line with the S&P Global Market Intelligence consensus estimate of $4.83 billion for the period.

Micron also expects to record non-GAAP operating expenses of $785 million, plus or minus $25 million, in its third fiscal quarter, as well as EPS of 85 cents, plus or minus 10 cents. Additionally, the company lowered its capital expenditure projections for the fiscal year to about $9 billion from an earlier guidance range of between $9 billion and $9.5 billion.

Micron booked non-GAAP attributable net income of $1.97 billion in the second fiscal quarter, down from $3.51 billion in the first quarter ended Nov. 29, 2018, and from $3.50 billion in the year-ago period. The sales volume of dynamic random-access memory, or DRAM, chips decreased by a low double-digit percent range on a quarterly basis, while that of NAND flash chips rose by an upper single-digit percent range over the period.

The company said it expects DRAM bit shipments to begin increasing in the third fiscal quarter, while it is targeting NAND bit shipments to grow close to the industry average.