Want to join the conversation?
$MU's Embedded business unit posted 2Q16 revenue of $460MM, down 4% from 1Q16. This was impacted by softness in demand from the consumer and industrial multi-market segments, offset by continued strength in the automotive segment. Storage business unit revenue was $901MM, up 2% vs. 1Q16 with non-GAAP operating loss of $18MM.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.