---
schema_version: "secwatch.filing_event.v1"
accession: "0000723125-23-000038"
form_type: "8-K"
ticker: "MU"
cik: "0000723125"
company_name: "MICRON TECHNOLOGY INC"
filed_at: "2023-06-28T23:59:59+00:00"
generated_at: "2026-06-13T15:51:35.460645+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Micron reports Q3 GAAP loss of $1.90B; guides Q4 revenue $3.9B, EPS loss $1.19 non-GAAP

## Summary
- Revenue $3.75B, up from $3.69B QoQ but down from $8.64B YoY; GAAP net loss $1.90B ($1.73 loss per share).
- Non-GAAP net loss $1.57B ($1.43 loss per share); operating cash flow plunged to $24M from $343M prior quarter.
- Guidance: Q4 revenue ~$3.9B ±$200M; GAAP EPS loss ~$1.34, non-GAAP EPS loss ~$1.19.
- Further reducing wafer starts to approach 30% in both DRAM and NAND; cites China CAC decision as headwind.
- Dividend declared $0.115 per share, payable July 25 to holders of record July 10.

## SEC filing metadata
- accession: 0000723125-23-000038
- form_type: 8-K
- ticker: MU
- cik: 0000723125
- company_name: MICRON TECHNOLOGY INC
- filed_at: 2023-06-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723125/000072312523000038/0000723125-23-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723125/000072312523000038/mu-20230628.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000723125-23-000038
- JSON: https://secwatch.observer/filing/0000723125-23-000038.json
- Plain text: https://secwatch.observer/filing/0000723125-23-000038.txt

## Key facts
- Earnings Releases
  MICRON TECHNOLOGY INC reported third quarter of fiscal 2023 ended June 1, 2023 results: revenue $3.75 billion, net income $1.90 billion, EPS $1.73 per diluted share. Guidance initiated.
  - Period: third quarter of fiscal 2023 ended June 1, 2023
  - Revenue: $3.75 billion
  - Net income: $1.90 billion
  - EPS: $1.73 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: Micron Technology, Inc. (Nasdaq: MU) today announced results for its third quarter of fiscal 2023, which ended June 1, 2023. Fiscal Q3 2023 highlights • Revenue of $3.75 billion versus $3.69 billion for the prior quarter and $8.64 billion for the same period last year • GAAP net loss of $1.90 billion, or $1.73 per diluted share • Non-GAAP net loss of $1.57 billion, or $1.43 per diluted share • Operating cash flow of $24 million versus $343 million for the prior quarter and $3.84 billion for the same period last year
  evidence_url: https://www.sec.gov/Archives/edgar/data/723125/000072312523000038/0000723125-23-000038-index.htm

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