---
schema_version: "secwatch.filing_event.v1"
accession: "0000723125-23-000018"
form_type: "8-K"
ticker: "MU"
cik: "0000723125"
company_name: "MICRON TECHNOLOGY INC"
filed_at: "2023-03-28T23:59:59+00:00"
generated_at: "2026-06-17T13:57:50.186145+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Micron Technology reports Q2 fiscal 2023 revenue of $3.69B, GAAP net loss of $2.31B

## Summary
- Revenue fell to $3.69B from $4.09B in prior quarter and $7.79B a year ago.
- GAAP net loss was $2.31B ($2.12 per diluted share); non-GAAP net loss $2.08B ($1.91).
- Inventory write-downs totaled $1.43B, impacting EPS by $1.34 per diluted share.
- Operating cash flow was $343M, down from $943M in the prior quarter and $3.63B a year ago.
- CEO noted customer inventories improving; Q3 guidance expects revenue ~$3.7B and further write-downs.

## SEC filing metadata
- accession: 0000723125-23-000018
- form_type: 8-K
- ticker: MU
- cik: 0000723125
- company_name: MICRON TECHNOLOGY INC
- filed_at: 2023-03-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723125/000072312523000018/0000723125-23-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723125/000072312523000018/mu-20230328.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000723125-23-000018
- JSON: https://secwatch.observer/filing/0000723125-23-000018.json
- Plain text: https://secwatch.observer/filing/0000723125-23-000018.txt

## Key facts
- Earnings Releases
  MICRON TECHNOLOGY INC reported second quarter of fiscal 2023 ended March 2, 2023 results: revenue $3.69 billion, net income ($2.31) billion, EPS $(2.12) per diluted share. Guidance initiated.
  - Period: second quarter of fiscal 2023 ended March 2, 2023
  - Revenue: $3.69 billion
  - Net income: ($2.31) billion
  - EPS: $(2.12) per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: Revenue of $3.69 billion versus $4.09 billion for the prior quarter and $7.79 billion for the same period last year • GAAP net loss of $2.31 billion, or $2.12 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/723125/000072312523000018/0000723125-23-000018-index.htm

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