Micron Q1 FY2024 revenue $4.73B, net loss $1.23B; guides Q2 rev ~$5.3B

MICRON TECHNOLOGY INC

2024-Q1 EPS reported -$1.12 revenue$4,726,000,000

Revenue $4.73B, up from $4.01B prior quarter and $4.09B year ago.
GAAP net loss $1.23B ($1.12 diluted EPS); non-GAAP net loss $1.05B ($0.95 EPS).
Operating cash flow $1.40B; adjusted free cash flow negative $333M.
Q2 FY2024 guidance: revenue $5.30B ± $200M, GAAP gross margin 12.0%.
Quarterly dividend $0.115/share, payable Jan 18, 2024, record Jan 2.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MICRON TECHNOLOGY INC reported first quarter of fiscal 2024 ended November 30, 2023 results: revenue $4.73 billion, net income GAAP net loss of $1.23 billion, EPS $1.12 per diluted share. Guidance initiated.

Period: first quarter of fiscal 2024 ended November 30, 2023
Revenue: $4.73 billion
Net income: GAAP net loss of $1.23 billion
EPS: $1.12 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

Micron Technology, Inc. (Nasdaq: MU) today announced results for its first quarter of fiscal 2024, which ended November 30, 2023. Fiscal Q1 2024 highlights • Revenue of $4.73 billion versus $4.01 billion for the prior quarter and $4.09 billion for the same period last year • GAAP net loss of $1.23 billion, or $1.12 per diluted share

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Source: SEC EDGAR

accession 0000723125-23-000071

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