SAN FRANCISCO—U.S. memory chip vendor Micron Technology Inc. Wednesday (Dec. 21) posted its second consecutive quarterly loss, saying declining average selling prices (ASPs) for memory chips outstripped shipment bit growth.
Micron (Boise, Idaho) reported sales of $2.1 billion for the quarter ended Dec. 1, flat with the previous quarter and down 9 percent from the year-ago quarter.
The memory chip vendor posted a net loss of $187 million, or 19 cents per diluted share, compared to a net loss of $135 million or 14 cents per share in the previous quarter and a net income of $155 million or 15 cents per share in the year ago quarter.
Micron said its consolidated gross margin remained at 15 percent for the quarter, with improvements in margins for NAND flash chips offset by declines in DRAM.
Revenue from NAND products was 6 percent higher in the quarter than in the previous quarter, due to an 18 percent increase in sales volume partially offset by a 10 percent decrease in ASPs, Micron said. Revenue from DRAM was essentially unchanged compared to the previous quarter, as a 14 percent increase in sales volume was virtually wiped out by a 12 percent decrease in ASPs, the company said.
Sales of NOR Flash products were approximately 14 percent of total net sales for the first quarter of fiscal 2012, Micron said.
Micron's sales for the quarter were in line with consensus analysts' expectations, according to Yahoo Finance.