According to Reuters, Micron had previously reported revenue of US$5.44 billion for the third quarter ended May 28, a year-on-year increase of 13.6%, and higher than the market’s expectation of US$5.31 billion.

In addition, as work-from-home and online education stimulated the demand for notebook computers and data centers, Micron expects revenue to be between 5.75 billion and 6.25 billion US dollars this quarter.

The report pointed out that Micron currently focuses its sales on SSDs with relatively high profits. Micron said that it is expected that by the second half of 2020, consumer demand for smartphones and other consumer electronics products will be lower than initially expected, but data center demand is strong and supply shortages are emerging. In addition, the company plans to adjust its DRAM and flash memory chip market from the smartphone to the data center market.