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Sep 03, 2020
Micron Q4 2020 Earnings Report
Micron's Q4 2020 earnings were reported, showcasing revenue of $6.06 billion and GAAP EPS of $0.87.
Key Takeaways
Micron Technology, Inc. reported solid fiscal fourth quarter results with revenue of $6.06 billion, GAAP net income of $988 million, or $0.87 per diluted share, and non-GAAP net income of $1.23 billion, or $1.08 per diluted share. The company's DRAM portfolio was strengthened, and high-value NAND shipments reached record levels.
Revenue of $6.06 billion versus $5.44 billion for the prior quarter and $4.87 billion for the same period last year.
GAAP net income of $988 million, or $0.87 per diluted share.
Non-GAAP net income of $1.23 billion, or $1.08 per diluted share.
Operating cash flow of $2.27 billion versus $2.02 billion for the prior quarter and $2.23 billion for the same period last year.
Forward Guidance
For the first quarter of 2021, Micron expects revenue of $5.2 billion ± $200 million, GAAP gross margin of 26.5% ± 1%, and GAAP diluted earnings per share of $0.39 ± $0.07.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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