Loading...
•
Sep 02, 2021
Micron Q4 2021 Earnings Report
Micron's Q4 2021 earnings were reported, highlighting record revenues and technology leadership.
Key Takeaways
Micron Technology, Inc. reported strong Q4 2021 results with revenue of $8.27 billion, a GAAP net income of $2.72 billion, and a non-GAAP net income of $2.78 billion. The company achieved several key milestones, including establishing DRAM and NAND technology leadership and driving record revenues across multiple markets.
Micron's Q4 2021 revenue reached $8.27 billion, surpassing both the prior quarter and the same period last year.
GAAP net income for Q4 2021 was $2.72 billion, or $2.39 per diluted share.
Non-GAAP net income for Q4 2021 was $2.78 billion, or $2.42 per diluted share.
The company's operating cash flow for Q4 2021 was $3.88 billion.
Micron
Micron
Forward Guidance
Micron's guidance for the first quarter of 2022 includes revenue of $7.65 billion ± $200 million, a GAAP gross margin of 46.0% ± 1%, and a GAAP diluted earnings per share of $2.00 ± $0.10.
Positive Outlook
- Revenue: $7.65 billion ± $200 million
- Gross margin: 47.0% ± 1% (Non-GAAP)
- Operating expenses: $915 million ± $25 million (Non-GAAP)
- Diluted earnings per share: $2.10 ± $0.10 (Non-GAAP)
Challenges Ahead
- Operating expenses: $986 million ± $25 million (GAAP)
- Gross margin: 46.0% ± 1% (GAAP)
- Diluted earnings per share: $2.00 ± $0.10 (GAAP)