Micron Q4 results and Q1 guidance--Q4 was pretty good relative to expectations. Q1, not so much. They still project positive earnings though and they are almost always very conservative in their projections.
Record revenue year in mobile, auto, industrial, and networking markets
BOISE, Idaho, Sept. 29, 2022
(GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced results for its fourth quarter and full year of fiscal 2022, which ended September 1, 2022.
Fiscal Q4 2022 highlights
Revenue of $6.64 billion versus $8.64 billion for the prior quarter and $8.27 billion for the same period last year
GAAP net income of $1.49 billion, or $1.35 per diluted share
Non-GAAP net income of $1.62 billion, or $1.45 per diluted share
Operating cash flow of $3.78 billion versus $3.84 billion for the prior quarter and $3.88 billion for the same period last year
Fiscal 2022 highlights
Revenue of $30.76 billion versus $27.71 billion for the prior year
GAAP net income of $8.69 billion, or $7.75 per diluted share
Non-GAAP net income of $9.48 billion, or $8.35 per diluted share
Operating cash flow of $15.18 billion versus $12.47 billion for the prior year
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The following table presents Micron’s guidance for the first quarter of 2023:
FQ1-23 GAAP(1) Outlook Non-GAAP(2) OutlookRevenue $4.25 billion ± $250 million $4.25 billion ± $250 million
Gross margin 25.0% ± 2.0% 26.0% ± 2.0%
Operating expenses $1.09 billion ± $25 million $1.00 billion ± $25 million
Diluted earnings (loss) per share ($0.09) ± $0.10 $0.04 ± $0.10
more at investors.micron.com/... |
