secwatch.observer — SEC 8-K summary
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Issuer:     MICRON TECHNOLOGY INC (MU)
CIK:        0000723125
Form:       8-K
Filed at:   2023-06-28T23:59:59+00:00
Accession:  0000723125-23-000038
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723125/000072312523000038/0000723125-23-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723125/000072312523000038/mu-20230628.htm
  HTML page:      https://secwatch.observer/filing/0000723125-23-000038

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