Micron Q4 2021 Earnings Report
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)