Micron Q1 2022 Earnings Report
Key Takeaways
Micron Technology, Inc. announced results for its first quarter of fiscal 2022, with revenue of $7.69 billion and GAAP net income of $2.31 billion, or $2.04 per diluted share.
Revenue of $7.69 billion versus $8.27 billion for the prior quarter and $5.77 billion for the same period last year
GAAP net income of $2.31 billion, or $2.04 per diluted share
Non-GAAP net income of $2.47 billion, or $2.16 per diluted share
Operating cash flow of $3.94 billion versus $3.88 billion for the prior quarter and $1.97 billion for the same period last year
Micron
Micron
Forward Guidance
Micron’s guidance for the second quarter of 2022 includes revenue of $7.5 billion ± $200 million, gross margin of 45.0% ± 1%, operating expenses of $1,058 million ± $25 million, and diluted earnings per share of $1.83 ± $0.10.