The slide into bankruptcy of Japanese DRAM chipmaker Elpida in February has created expectations that chipmakers' pricing power, diminished by oversupply, will bounce back this year.
But Micron said DRAM prices had yet to rise and that prices for NAND had fallen compared with the prior quarter.
In after-hours trade, its shares were down 3.2 percent at $8.43, after having closed at $8.71 on the Nasdaq. Shares of Micron, the top U.S. memory chipmaker, are up nearly 40 percent year to date.
Still, recently appointed Chief Executive Mark Durcan told analysts on a conference call on Thursday that the outlook for memory chip prices was on the mend.
"Recently we're seeing improvements in the DRAM market ... I think concerns over supply seem to be having a positive or at least stabilizing effect," Durcan said. "Overall, we see generally healthy supply/demand outlook for NAND moving forward."
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