Meguiar recently released its Q1 financial report for the fiscal year 2021 up to November, with revenue of US $5.77 billion, down 4.8% on a month on month basis and up 12.3% on a year-on-year basis, better than the previously expected US $5.7 billion.
In terms of profits,The net profit of GAAP was US $803 million, up 63.5% year on year and down 18.7% month on month,The non GAAP net profit was $897 million, up 63.7% year on year and 27% month on month, or diluted earnings per share was $0.78.
Among these businesses, Meguiar's DRAM revenue was US $4.056 billion, accounting for 70% of the total revenue; DRAM revenue fell by 7.2% month on month, with a year-on-year growth of 16.9%; bit bit shipment volume fell by less than 5% month on month;ASP fell about 5% month on month.
Although the price of memory declined in Q1,But Meguiar mentioned that in the middle of the season, their Fab first suffered a power failure, and then the Taiwan earthquakeThis part of the impact will be reflected in the Q2 fiscal quarter, resulting in reduced memory supply.
In a word, in 2021, the price of memory will soon stop falling and pick up, which was originally expected to reverse in the second half of the year,The first half of the year will be ahead of schedule, and the fastest quarter will be Q1.