Micron Technology announced its Q4 2016 earnings on October 4th. (Fiscal years end with September.) Although the company’s topline and bottomline in Q4 were down on a year over year basis, they came in at the higher end of its guided range. Going ahead, Micron expects to see improvement in its revenues and margins, driven by improvement in the DRAM pricing. After suffering three consecutive quarters of net losses, Micron expects its bottom-line to turn positive in Q1’17. Robust overall demand for memory products and a stabilization in the PC market, coupled with tight industry supply of memory products, together are likely to help the company improve its bottom-line going forward.
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