Micron's Q2'15 Earnings Preview: Lower DRAM & NAND Output For 2015

The increasing consolidation in the industry, rising demand from non-PC markets, increasingly diversified end markets, and improving memory product prices, helped return the company to profitability in 2013. As a result of the continued improvement in market dynamics, Micron reported record revenue of $16.4 billion, record net income of over $3 billion and record free cash flow of $2.6 billion in fiscal year 2014 (ended August 2014). It witnessed another quarter of strong growth in Q1 2015.