Micron Is on Track to Report Double-Digit EPS in Fiscal 2018
Micron Technology (MU) operates in a cyclical market, where a cyclical upturn brings windfall gains and a cyclical downturn significantly reduces profits. As prices are not in Micron’s control, one way in which it improves its profits is by reducing its production and operating costs through advanced technology nodes. This strategy has reduced its DRAM (dynamic random-access memory) cost gap with Samsung (SSNLF) and SK Hynix.