secwatch.observer — SEC 8-K summary
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Issuer:     MICRON TECHNOLOGY INC (MU)
CIK:        0000723125
Form:       8-K
Filed at:   2024-03-20T23:59:59+00:00
Accession:  0000723125-24-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Micron beats Q2 guidance, returns to profitability; revenue $5.82B, EPS $0.71 GAAP
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- Revenue $5.82B, above guidance high-end; GAAP net income $793M ($0.71 EPS) vs prior Q loss.
- Non-GAAP EPS $0.42; prior Q loss $0.95; gross margin 18.5% GAAP, 20% non-GAAP vs negative prior Q.
- Operating cash flow $1.22B; cash & investments $9.72B; quarterly dividend $0.115/share unchanged.
- Guidance Q3: revenue $6.6B±200M, GAAP EPS $0.17±0.07, non-GAAP EPS $0.45±0.07.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723125/000072312524000004/0000723125-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723125/000072312524000004/mu-20240320.htm
  HTML page:      https://secwatch.observer/filing/0000723125-24-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer