Micron's Inventory Write-Down Impacts Operating Margins by 39 Percentage Points

The $1.43 billion inventory write-down was definitely larger than expected and impacted operating margins by 39 percentage points. The company says data center revenue actually bottoms in fiscal Q2, but forecasts PC unit volume to decline by mid-single digits. Shares though are up over, when last I checked over 1%, and it seems like investors like that Q3 revenue is projected to be in line with estimates.