Micron Technology Inc
- Micron Technology increased 17.2% to $112.75 after the advanced chipmaker reported better-than-expected quarterly results, driven by demand for artificial intelligence applications and tight supply.
Revenue in the fiscal second quarter ending in February soared to $5.8 billion from $3.7 billion, net income swung to a profit of $793 million from a loss of $2.3 billion, and diluted earnings per share were 71 cents compared to a loss of $2.12 a year ago.
The company anticipated tight market conditions to persist in the fiscal third quarter and estimated revenue of about $6.6 billion with a band of $200 million and diluted earnings per share of 17 cents with a band of 7 cents.
Mar 21, 2024 - Micron Technology advanced 7.4% to $84.47 after the advanced semiconductor chipmaker reported better-than-estimated revenue and a smaller-than-expected loss in its latest quarter.
Revenue in the fiscal first quarter ending in November increased to $4.7 billion from $4.1 billion; net loss expanded to $1.2 billion from $195 million; and diluted loss per share expanded to $1.12 from 18 cents a year ago.
The company's forward-looking quarterly revenue outlook was also ahead of some investors' estimates.
The company guided fiscal second quarter revenue around $5.3 billion and diluted loss per share around 45 cents.
Dec 21, 2023 - Micron Technology Inc declined 4.5% to $65 after the advanced chipmaker reported smaller-than-expected loss in the fiscal fourth quarter from the previous quarter.
Revenue in the quarter declined to $4.0 billion from $6.6 billion and the company swung to a net loss of $1.4 billion from a profit of $1.4 billion and diluted earnings per share was ($1.31) from $1.35 a year ago.
The company reported revenue in the third quarter of $3.75 billion and a net loss of $1.9 billion and diluted loss per share of $1.73.
However, investors were disappointed with the company's adjusted earnings per share outlook of $1.07 in the fiscal first quarter.
Micron guided fiscal first quarter revenue of $4.4 billion with a band of $200 million and diluted earnings per share to range between ($1.24) and $0.07.
Sep 28, 2023 - Micron Technology Inc decreased 1.8% to $65.94 after the company reported quarterly results.
Revenue in the fiscal third quarter ending on June 1 dropped to $3.7 billion from $8.7 billion and the company swung to a net loss of $1.9 billion from a profit of $2.6 billion and diluted earnings per share was ($1.73) compared to $2.34 a year ago.
The company forecasted revenue in the fiscal fourth quarter of $3.9 billion with a band of $200 million and gross margin of (12.5%) with a band of 2.5% and diluted loss per share of $1.34 with a band of 7 cents.
The company's board of directors declared a quarterly cash dividend of 11.5 cents a share payable on July 25 to shareholders on record on July 10.
Jun 29, 2023 - Micron Technology Inc, the semiconductor manufacturer, reported smaller-than-anticipated quarterly loss.
Revenue in the fiscal second quarter ending on March 2 declined to $3.69 billion from $4.09 billion in the prior quarter and $7.79 billion a year ago. The company swung to a loss of $2.3 billion from a profit of $2.3 billion and diluted earnings per share was ($2.12) from $2.0 a year ago. The company guided revenue in the third quarter of $3.7 billion and diluted loss per share of $1.79.
“Customer inventories are getting better, and we expect gradual improvements to the industry’s supply-demand balance," said chief executive Sanjay Mehrotra.
Mar 29, 2023
| Year | Q1 | Q2 | Q3 | Q4 | Annual | |
|---|---|---|---|---|---|---|
| 2023 | -2.12 | -1.73 | -1.31 | -1.12 | -5.34 | |
| 2022 | 2 | 2.34 | 1.37 | -0.18 | 7.75 | |
| 2021 | 0.53 | 1.52 | 2.38 | 2.04 | 5.14 | |
| 2020 | 0.36 | 0.71 | 0.87 | 0.71 | 2.37 | |
| 2019 | 1.42 | 0.74 | 0.54 | 0.43 | 5.51 | |
| 2018 | 2.67 | 3.1 | 3.55 | 2.81 | 11.51 | |
| 2017 | 0.77 | 1.40 | 1.99 | 2.41 | 6.57 | |
| 2016 | 0.05 | (0.10) | 0.05 | 0.28 | 0.38 | |
| 2015 | 0.81 | 0.54 | 0.37 | 0.24 | 1.96 | |
| 2014 | 0.84 | 0.61 | 0.68 | 0.95 | 2.54 | |
| 2013 | 0.30 | -0.28 | 0.04 | 1.64 | 1.13 | |
| 2012 | -0.27 | -0.29 | -0.32 | -0.24 | -1.04 | |
| 2011 | -0.19 | 0.07 | 0.07 | -0.12 | 0.17 | |
| 2010 | 0.15 | 0.39 | 0.92 | 0.31 | 1.85 | |
| 2009 | 0.23 | -0.99 | -0.37 | -0.06 | -2.35 | |
| 2008 | -0.93 | -1.01 | -0.30 | -0.49 | -2.14 | |
| 2007 | -0.34 | -0.07 | -0.29 | -0.21 | -0.42 | |
| 2006 | 0.15 | 0.27 | 0.12 | 0.09 | 0.57 | |
| 2005 | 0.09 | 0.17 | -0.20 | 0.09 | 0.29 |