secwatch.observer — SEC 8-K summary
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Issuer:     MICRON TECHNOLOGY INC (MU)
CIK:        0000723125
Form:       8-K
Filed at:   2022-12-21T23:59:59+00:00
Accession:  0000723125-22-000070
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 2.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723125/000072312522000070/0000723125-22-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723125/000072312522000070/mu-20221221.htm
  HTML page:      https://secwatch.observer/filing/0000723125-22-000070

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer