Could Micron’s Operating Profit Grow in Fiscal 2018?
Micron Technology (MU) has been increasing its gross margin over the last one-year period by improving cost competitiveness through technology advancement. The benefit of a high gross margin trickled down for the company. Micron’s non-GAAP operating margin rose fourfold from 11.0% in fiscal 1Q17 to 46.0% in fiscal 1Q18.