Micron expects DRAM bit shipments to decline sequentially

The company said, “We expect DRAM bit shipments to decline sequentially and expect a meaningful sequential decline in NAND bit shipments for reasons mentioned previously that are impacting near-term demand. We project our bit shipments to resume growth after fiscal Q2 and expect second-half fiscal year bit shipments to be stronger than the first half. We expect fiscal Q2 gross margins to be impacted by NAND industry conditions, partly offset by continued growth in HBM and data center DRAM. In addition to these factors, we expect NAND under loading to affect fiscal Q3 gross margins.”