Micron Q4 2022 Earnings Report
Key Takeaways
Micron Technology, Inc. reported Q4 2022 revenue of $6.64 billion, a decrease from $8.64 billion in the prior quarter and $8.27 billion in the same period last year. GAAP net income was $1.49 billion, or $1.35 per diluted share, while non-GAAP net income was $1.62 billion, or $1.45 per diluted share. The company's operating cash flow was $3.78 billion.
Revenue was $6.64 billion, down from both the prior quarter and the same period last year.
GAAP net income was $1.49 billion, or $1.35 per diluted share.
Non-GAAP net income was $1.62 billion, or $1.45 per diluted share.
Operating cash flow was $3.78 billion.
Micron
Micron
Forward Guidance
Micron's guidance for the first quarter of 2023 includes revenue of $4.25 billion ± $250 million, gross margin of 25.0% ± 2.0%, operating expenses of $1.09 billion ± $25 million, and diluted earnings (loss) per share of ($0.09) ± $0.10.