secwatch.observer — SEC 8-K summary
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Issuer:     MICRON TECHNOLOGY INC (MU)
CIK:        0000723125
Form:       8-K
Filed at:   2023-03-28T23:59:59+00:00
Accession:  0000723125-23-000018
Event type: earnings
Sentiment:  negative
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723125/000072312523000018/0000723125-23-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723125/000072312523000018/mu-20230328.htm
  HTML page:      https://secwatch.observer/filing/0000723125-23-000018

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