Inventory ManagementRecord producer inventories everywhere and elevated customer inventories, with data center, PC, and smartphone customers pausing builds after buying ahead of recent price cuts.
Market DemandEnd markets such as PC, smartphone, and automotive remain muted, influencing the overall demand for Micron's products.
Pricing And RevenueF2Q25 midpoint revenue guidance of $7.70-$8.10 billion is significantly below previous estimates and consensus, indicating potential challenges in achieving financial targets.