Micron Technology’s Upcoming Q1 Results Preview 
<p>Wedbush analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/MU'>Micron Technology, Inc. (NASDAQ:MU)</a> ahead of the upcoming Q1 results, noting that it appeared that the company had initially set very conservative estimates for their first quarter. However, the market for memory products worsened more quickly than expected, and the company's management addressed this during an investor call in November. </p>
<p>During the call, the CFO admitted that they had underestimated the impact of price pressure on their forecasts. As a result, the analysts now expect that their future revenues and earnings may be lower than previously anticipated. In their original model, they were expecting significant declines in the average selling price of memory products, with a drop of at least 20% or more for both NAND and DRAM. However, the analysts are now adjusting their estimates slightly downward for both types of memory due to the negative information they have received. In particular, their checks on the NAND market are particularly negative, with multiple factors contributing to the downturn. </p>
<p>Additionally, the analysts are assuming slightly lower operating expenses as they believe that Micron is taking steps to manage costs in response to the challenging market conditions.</p>

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