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billion $X.X billion share to our returning repurchase We program by progress $XX on our also made shareholders.
Market fourth broadly performance fiscal with execution last expectations team’s in our the trends call. were the quarter, Micron the strong resulted ranges. consistent earnings on financial In guidance our exceeding discussed
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elasticity capacities, driving consumer attach an across in rates Price and solid and to demand client leading growth is increase SSDs.
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industry revenue a auto DRAM weak increase environment. and challenging we year-over-year, unit despite continued industry sales In automotive, to
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to continue industry leading automotive. share in have We
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restrictions. subject we shipping quarter, that products not some As last we noted Regulations are and Export started Entity to Administration Huawei to List
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to mid bit to high-teens. long-term growth demand the expect be CAGR We DRAM
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our As we to are committed inventory improves, DRAM price maintaining discipline.
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SSD in are Malaysia. more transition, space front-end in investing on facility we future shell spending are enable reducing While a CapEx, significantly packaging to and new node we also equipment Penang,
for long-term always, discipline and while success. As flexibility maintain will investing appropriately Micron’s we
our emphasize I and CAGR want manage in DRAM bit our demand. industry that growth with is supply NAND to line to goal
NAND, to DRAM on may we markets. expect supply both and technology fluctuate, medium-to-long-term up we approximately rate competitors to cost As DRAM transition but and supply best-in-class of growth equal of growth NAND the growth technology the and catch the across RG to our demand in gaps rate in our
but instead maximizing focused are on our ROI wafer And focusing CapEx growth technology on capacity driven emphasizing also the growth, of reason, for transitions. this bit we investments. by not are We
assembly, and is our In reductions and cost has test, which us our of help bit growth any adding capacity drive increasing without to addition, internal ROI. some dedicated CapEx for packaging good
now to guidance. results it over and turn provide financial our to I’ll Dave
