Micron Technology, Inc. Reports Results for the Second Quarter of Fiscal 2021

BOISE, Idaho, March 31, 2021 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced results for its second quarter of fiscal 2021, which ended March 4, 2021.

Fiscal Q2 2021 highlights

  • Revenue of $6.24 billion versus $5.77 billion for the prior quarter and $4.80 billion for the same period last year
  • GAAP net income of $603 million, or $0.53 per diluted share
  • Non-GAAP net income of $1.13 billion, or $0.98 per diluted share
  • Operating cash flow of $3.06 billion versus $1.97 billion for the prior quarter and $2.00 billion for the same period last year

“Micron’s strong fiscal second quarter performance reflects rapidly improving market conditions and continued solid execution,” said Micron Technology President and CEO Sanjay Mehrotra. “Our technology leadership in both DRAM and NAND places Micron in an excellent position to capitalize on the secular demand driven by AI and 5G, and to deliver new levels of user experience and innovation across the data center and intelligent edge.”

Quarterly Financial Results
(in millions, except per share amounts)
GAAP (1)  Non-GAAP (2)
FQ2-21 FQ1-21 FQ2-20  FQ2-21 FQ1-21 FQ2-20
        
Revenue$6,236 $5,773 $4,797  $6,236 $5,773 $4,797 
Gross margin1,649 1,736 1,355  2,054 1,784 1,398 
percent of revenue26.4%30.1%28.2% 32.9%30.9%29.1%
Operating expenses986 870 915  797 811 856 
Operating income663 866 440  1,257 973  542  
percent of revenue 10.6 % 15.0 % 9.2 %   20.2 % 16.9 % 11.3 %
Net income attributable to Micron 603   803   405     1,128   897   517  
Diluted earnings per share 0.53   0.71   0.36     0.98   0.78   0.45  

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



Review Article Be the first to review this article
Aldec


Featured Video
Latest Blog Posts
Bob Smith, Executive DirectorBridging the Frontier
by Bob Smith, Executive Director
What’s on Tap from the ESD Alliance? Plenty! Read On …
Anupam BakshiAgnisys Automation Review
by Anupam Bakshi
Automating IP and SoC Development
Jobs
ASIC Engineer for Amazon at seattle, Washington
SerDes Applications Design Engineer for Xilinx at San Jose, California
Entry Level SOC Verification Engineer for NXP Semiconductors at Austin (Oakhill, Office), Texas
Pre-silicon Design Verification Engineer for Intel at Santa Clara, California
Staff SerDes Applications Design Engineer for Xilinx at San Jose, California
Business Operations Planner for Global Foundaries at Santa Clara, California
Upcoming Events
SEMI MEMS & Sensors Industry Group (MSIG), MSTC 2021 at United States - Apr 13 - 15, 2021
Simulation World at United States - Apr 20 - 21, 2021
DVCon China 2021 at Shanghai China - May 26, 2021
CadenceLIVE Americas 2021 at United States - Jun 8 - 9, 2021
True Circuits PHY



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+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