MICRON TECHNOLOGY INC
For the period ended Feb 29, 2024. Filed Mar 21, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Feb 29, 2024 · Filed Mar 21, 2024
MU$733.15+6.3%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
| Quarter ended | Six months ended | |||
|---|---|---|---|---|
| February 29,2024 | March 2,2023 | February 29,2024 | March 2,2023 | |
| Revenue | $5,824 | $3,693 | $10,550 | $7,778 |
| Cost of goods sold | 4,745 | 4,899 | 9,506 | 8,091 |
| Gross margin | 1,079 | (1,206) | 1,044 | (313) |
| Research and development | 832 | 788 | 1,677 | 1,637 |
| Selling, general, and administrative | 280 | 231 | 543 | 482 |
| Restructure and asset impairments | — | 86 | — | 99 |
| Other operating (income) expense, net | (224) | (8) | (239) | (19) |
| Operating income (loss) | 191 | (2,303) | (937) | (2,512) |
| Interest income | 130 | 119 | 262 | 207 |
| Interest expense | (144) | (89) | (276) | (140) |
| Other non-operating income (expense), net | (7) | 2 | (34) | (2) |
| 170 | (2,271) | (985) | (2,447) | |
| Income tax (provision) benefit | 622 | (54) | 549 | (62) |
| Equity in net income (loss) of equity method investees | 1 | 13 | (5) | 2 |
| Net income (loss) | $793 | $(2,312) | $(441) | $(2,507) |
| Earnings (loss) per share | ||||
| Basic | $0.72 | $(2.12) | $(0.40) | $(2.30) |
| Diluted | 0.71 | (2.12) | (0.40) | (2.30) |
| Number of shares used in per share calculations | ||||
| Basic | 1,104 | 1,091 | 1,102 | 1,091 |
| Diluted | 1,114 | 1,091 | 1,102 | 1,091 |
5 | 2024 Q2 10-Q
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