---
schema_version: "secwatch.filing_event.v1"
accession: "0000723125-22-000070"
form_type: "8-K"
ticker: "MU"
cik: "0000723125"
company_name: "MICRON TECHNOLOGY INC"
filed_at: "2022-12-21T23:59:59+00:00"
generated_at: "2026-06-21T01:10:55.675231+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Micron reports $195M GAAP net loss in FQ1; plans 10% headcount reduction

## Summary
- Revenue of $4.09B, down from $6.64B prior quarter and $7.69B year ago.
- GAAP net loss $195M ($0.18 loss per share); non-GAAP net loss $39M ($0.04 loss per share).
- Restructuring: headcount cut ~10% in CY2023, with at least $30M in charges next quarter.
- Q2 fiscal 2023 guidance: revenue $3.8B±$200M, GAAP EPS loss ($0.79)±$0.10, non-GAAP ($0.62)±$0.10.
- Dividend declared $0.115 per share, payable Jan 19, 2023 to holders of record Jan 3, 2023.

## SEC filing metadata
- accession: 0000723125-22-000070
- form_type: 8-K
- ticker: MU
- cik: 0000723125
- company_name: MICRON TECHNOLOGY INC
- filed_at: 2022-12-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723125/000072312522000070/0000723125-22-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723125/000072312522000070/mu-20221221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000723125-22-000070
- JSON: https://secwatch.observer/filing/0000723125-22-000070.json
- Plain text: https://secwatch.observer/filing/0000723125-22-000070.txt

## Key facts
- Earnings Releases
  MICRON TECHNOLOGY INC reported first quarter of fiscal 2023 ended December 1, 2022 results: revenue $4.09 billion, net income $195 million, EPS $0.18 per diluted share. Guidance lowered.
  - Period: first quarter of fiscal 2023 ended December 1, 2022
  - Revenue: $4.09 billion
  - Net income: $195 million
  - EPS: $0.18 per diluted share
  - Guidance: lowered
  - Result: reported results
  source text: Fiscal Q1 2023 highlights • Revenue of $4.09 billion versus $6.64 billion for the prior quarter and $7.69 billion for the same period last year • GAAP net loss of $195 million, or $0.18 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/723125/000072312522000070/0000723125-22-000070-index.htm
- Restructurings & Charges
  MICRON TECHNOLOGY INC announced a restructuring with charges of at least $30 million (approximately 10%).
  - Type: restructuring
  - Charge: at least $30 million
  - Headcount: approximately 10%
  source text: On December 21, 2022 , we announced a restructure plan in response to challenging industry conditions. Under the restructure plan, we expect to reduce our headcount by approximately 10% over calendar year 2023, through a combination of voluntary attrition and personnel reductions. In connection with the plan, we expect to incur charges of at least $30 million in the second quarter of fiscal 2023, substantially all in cash expenditures.
  evidence_url: https://www.sec.gov/Archives/edgar/data/723125/000072312522000070/0000723125-22-000070-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.