Micron Technology, Inc. Reports Results for the Fourth Quarter and Full Year of Fiscal 2019

BOISE, Idaho, Sept. 26, 2019 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced results for its fourth quarter and full year of fiscal 2019, which ended August 29, 2019.

Fiscal Q4 2019 highlights

  • Revenues of $4.87 billion versus $4.79 billion for the prior quarter and $8.44 billion for the same period last year
  • GAAP net income of $561 million, or $0.49 per diluted share
  • Non-GAAP net income of $637 million, or $0.56 per diluted share
  • Operating cash flow of $2.23 billion versus $2.71 billion for the prior quarter and $5.16 billion for the same period last year

Fiscal 2019 highlights

  • Revenues of $23.41 billion versus $30.39 billion for the prior fiscal year
  • GAAP net income of $6.31 billion, or $5.51 per diluted share
  • Non-GAAP net income of $7.31 billion, or $6.35 per diluted share
  • Operating cash flow of $13.19 billion versus $17.40 billion for the prior fiscal year
  • Share repurchases of $2.66 billion under the authorized buyback program

"Micron delivered fourth quarter results ahead of expectations, capping a fiscal 2019 in which we executed well in a challenging environment, significantly improved our competitive position, and returned cash to shareholders through share repurchases," said Micron Technology President and CEO Sanjay Mehrotra. "We are encouraged by signs of improving industry demand, but are mindful of continued near-term macroeconomic and trade uncertainties. As markets recover, Micron is well positioned to address the robust secular demand for memory and storage solutions."

 
Quarterly Financial Results
(in millions, except per share amounts) GAAP (1)  Non-GAAP (2)
FQ4-19 FQ3-19 FQ4-18  FQ4-19 FQ3-19 FQ4-18
Revenue$4,870 $4,788 $8,440  $4,870 $4,788 $8,440 
Gross margin$1,395 $1,828 $5,151  $1,491 $1,884 $5,179 
percent of revenue28.6% 38.2% 61.0%  30.6% 39.3%  61.4 %  
Operating expenses $ 745   $ 818   $ 774     $ 797   $ 774   $ 740  
Operating income $ 650   $ 1,010   $ 4,377     $ 694   $ 1,110   $ 4,439  
percent of revenue 13.3 %   21.1 %   51.9 %     14.3 %   23.2 %   52.6 %  
Net income attributable to Micron $ 561   $ 840   $ 4,325     $ 637   $ 1,198   $ 4,313  
Diluted earnings per share $ 0.49   $ 0.74   $ 3.56     $ 0.56   $ 1.05   $ 3.53  

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »



Review Article Be the first to review this article
Aldec


Featured Video
Jobs
Senior Software Architect Internet for EDA Careers at San Jose, California
Hardware Engineer, Board Design for Arista Networks at Santa Clara, California
Senior Account Managers… FORMAL VERIFICATION...VALLEY for EDA Careers at San Jose, California
Salesforce Technical Lead   East Coast  for EDA Careers at Cherry Hill, New Jersey
Sr. Application Engineer for Mentor Graphics at Fremont, California
Upcoming Events
FLEX 2020 and MSTC 2020 at DoubleTree by Hilton 2050 Gateway Place San Jose CA - Feb 24 - 27, 2020
DVCon U.S. 2020 at DoubleTree Hotel San Jose CA - Mar 2 - 5, 2020
OFC 2020 - The Optical Networking and Communication Conference & Exhibition at San Diego Convention Center San Diego CA - Mar 8 - 12, 2020
DATE '2020 at ALPEXPO Grenoble France - Mar 9 - 13, 2020
DownStream: Solutions for Post Processing PCB Designs
Verific: SystemVerilog & VHDL Parsers



© 2020 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise