MU | Data Translated To Earnings

11/06/17 12:25PM EST

Our most recent data includes expectations for h-s-d% price improvement in DRAM contract in 1Q18 (CY), and a delay in pressures on NAND flash spot pricing. Rolling it all through our model looks like a potential profit peak in Nov-18. We note that in previous cycles the stock has peaked coincidentally with profits.

MU | Data Translated To Earnings - chart1

© 2025 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.