Micron's Q4'15 Earnings Preview: PC DRAM & 3D NAND In Focus

Leading memory chip manufacturer, Micron Technology has lost almost 35% of its market value since it reported its Q3 2015 earnings on June 25th. (Fiscal years end with August.) While Q3 typically is a sequentially down quarter, the company's revenue in the quarter came in at the lower end of its guidance and below analyst expectations, suffering from the dual impact of near-term market headwinds, driven primarily by weakness in the PC sector, and the impact it had on DRAM pricing.