secwatch.observer — SEC 8-K summary
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Issuer:     MICRON TECHNOLOGY INC (MU)
CIK:        0000723125
Form:       8-K
Filed at:   2024-06-26T23:59:59+00:00
Accession:  0000723125-24-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Micron Q3 FY2024 revenue $6.81B beats guidance; AI data center revenue up 50% sequentially
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- GAAP net income $332M ($0.30 diluted EPS); non-GAAP net income $702M ($0.62 diluted EPS).
- Data center revenue grew 50% sequentially to a record high mix; HBM and SSD segments gain share.
- Operating cash flow $2.48B, up from $1.22B prior quarter; adjusted free cash flow $425M.
- Q4 FY2024 guidance: revenue $7.6B ± $200M, non-GAAP EPS $1.08 ± $0.08 (above consensus).
- Quarterly dividend $0.115 per share declared, payable July 23, 2024 to holders of record July 8.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723125/000072312524000016/0000723125-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723125/000072312524000016/mu-20240626.htm
  HTML page:      https://secwatch.observer/filing/0000723125-24-000016

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