MICRON TECHNOLOGY INC

10-K & 10-Q Filings

Micron Technology, Inc. is a leading global company in innovative memory and storage solutions. Its business includes the manufacture and sale of high-performance DRAM, NAND, and NOR memory and storage products through its Micron and Crucial brands. Micron's product portfolio includes DRAM, NAND, and NOR memory and storage solutions, sold in various forms such as components, modules, SSDs, managed NAND, MCPs, and wafers. The company's product technologies include DRAM, NAND, and NOR. Micron's business is divided into four segments: Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU). CNBU includes memory products and solutions sold into client, cloud server, enterprise, graphics, and networking markets. MBU includes memory and storage products and solutions sold into the mobile market. EBU includes memory and storage products and solutions sold into automotive, industrial, and consumer markets. SBU includes SSDs and component-level solutions sold into enterprise and cloud, client, and consumer storage markets. Micron's website is www.micron.com and its ticker symbol is MU. The company's business strategy includes continuous innovation, efficient utilization of manufacturing infrastructure, development and integration of advanced product and process technologies, and market acceptance of its diversified portfolio of semiconductor-based memory and storage solutions. Micron faces intense competition in the semiconductor memory and storage markets from companies such as Kioxia Holdings Corporation, Samsung Electronics Co., Ltd., SK hynix Inc., and Western Digital Corporation. The company manufactures its products in Taiwan, Singapore, Japan, the United States, Malaysia, and China and utilizes subcontractors for certain manufacturing processes.

12 mos ending Aug 30, 201212 mos ending Aug 29, 201312 mos ending Aug 28, 201412 mos ending Sep 03, 201512 mos ending Sep 01, 201612 mos ending Aug 31, 201712 mos ending Aug 30, 201812 mos ending Aug 29, 201912 mos ending Sep 03, 202012 mos ending Sep 02, 202112 mos ending Sep 01, 202212 mos ending Aug 31, 20236 mos ending Mar 02, 20236 mos ending Feb 29, 2024CAGR %YoY %Revenue (+)
$8234.00
9073.00
16358.00
16192.00
12399.00
20322.00
30391.00
23406.00
21435.00
27705.00
30758.00
15540.00
7778.00
10550.00
5.94%35.64%Cost of Revenue (-)
$7266.00
7226.00
10921.00
10977.00
9894.00
11886.00
12500.00
12704.00
14883.00
17282.00
16860.00
16956.00
8091.00
9506.00
8.01%17.49%Gross Profit (+)
$968.00
1847.00
5437.00
5215.00
2505.00
8436.00
17891.00
10702.00
6552.00
10423.00
13898.00
-1416.00
-313.00
1044.00
433.55%Selling, General & Administrative (-)
$620.00
562.00
707.00
719.00
659.00
743.00
813.00
836.00
881.00
894.00
1066.00
920.00
482.00
543.00
3.65%12.66%Research & Development (-)
$918.00
931.00
1371.00
1540.00
1617.00
1824.00
2141.00
2441.00
2600.00
2663.00
3116.00
3114.00
1637.00
1677.00
11.74%2.44%Non-recurring Operating Expenses (-)
$
126.00
40.00
3.00
67.00
18.00
488.00
48.00
171.00
99.00
Operating Expenses (-)
$1586.00
1611.00
2350.00
2217.00
2337.00
2568.00
2897.00
3326.00
3549.00
4140.00
4196.00
4329.00
2199.00
1981.00
9.56%-9.91%Costs & Expenses (Total) (-)
$8852.00
8837.00
13271.00
13194.00
12231.00
14454.00
15397.00
16030.00
18432.00
21422.00
21056.00
21285.00
10290.00
11487.00
8.30%11.63%Operating Income/Loss (+)
$-618.00
236.00
3087.00
2998.00
168.00
5868.00
14994.00
7376.00
3003.00
6283.00
9702.00
-5745.00
-2512.00
-937.00
62.70%Non-operating Income/Expense (+)
$-251.00
-287.00
505.00
429.00
13.00
-63.00
-346.00
-197.00
181.00
155.00
62.00
477.00
207.00
223.00
7.73%Interest Expense (-)
$179.00
231.00
352.00
371.00
437.00
601.00
342.00
128.00
194.00
183.00
189.00
388.00
140.00
276.00
7.29%97.14%Earnings before Tax (+)
$-754.00
1285.00
2733.00
2609.00
-281.00
5196.00
14307.00
7048.00
2983.00
6218.00
9571.00
-5658.00
-2447.00
-985.00
59.75%Tax Expense (-)
$-17.00
8.00
128.00
157.00
19.00
114.00
168.00
693.00
280.00
394.00
888.00
177.00
62.00
-549.00
-985.48%Income/Loss (Continuing Operations) (+)
$-737.00
1277.00
2605.00
2452.00
-300.00
5082.00
14139.00
6355.00
2703.00
5824.00
8683.00
-5835.00
-2509.00
-436.00
82.62%Profit/Loss (+)
$-1031.00
1194.00
3079.00
2899.00
-275.00
5090.00
14138.00
6358.00
2710.00
5861.00
8687.00
Net Income/Loss (NCI) (-)
$1.00
4.00
34.00
1.00
1.00
3.00
45.00
23.00
Net Income/Loss (+)
$-1032.00
1190.00
3045.00
2899.00
-276.00
5089.00
14135.00
6313.00
2687.00
5861.00
8687.00
-5833.00
-2507.00
-441.00
82.41%Net Income/Loss (Common) (+)
$-1032.00
1190.00
3045.00
2899.00
-276.00
5089.00
14135.00
6313.00
2687.00
5861.00
8687.00
-5833.00
-2507.00
-441.00
82.41%EPS (Basic)
$-1.04
1.16
2.87
2.71
-0.27
4.67
12.27
5.67
2.42
5.23
7.81
-5.34
-2.30
-0.40
82.61%EPS (Diluted)
$-1.04
1.13
2.54
2.47
-0.27
4.41
11.51
5.51
2.37
5.14
7.75
-5.34
-2.30
-0.40
82.61%Weighted Avg Shares (Basic)
991.20
1021.70
1060.00
1070.00
1036.00
1089.00
1152.00
1114.00
1110.00
1120.00
1112.00
1093.00
1091.00
1102.00
0.89%1.01%Weighted Avg Shares (Diluted)
991.20
1056.30
1198.00
1170.00
1036.00
1154.00
1229.00
1143.00
1131.00
1141.00
1122.00
1093.00
1091.00
1102.00
0.89%1.01%Cash
$2459.00
3436.00
4150.00
2287.00
4140.00
5109.00
6506.00
7152.00
7624.00
7763.00
8262.00
8577.00
9798.00
8016.00
12.03%-18.19%Short-term Investments
$100.00
221.00
384.00
1234.00
258.00
319.00
296.00
803.00
518.00
870.00
1069.00
1017.00
1020.00
990.00
23.47%-2.94%Receivables
$1289.00
2329.00
2906.00
2507.00
2068.00
3759.00
5478.00
3195.00
3912.00
5311.00
5130.00
2443.00
2278.00
4296.00
5.98%88.59%Inventory
$1812.00
2649.00
2455.00
2340.00
2889.00
3123.00
3595.00
5118.00
5607.00
4487.00
6663.00
8387.00
8129.00
8443.00
14.95%3.86%Other Assets (Current)
$98.00
276.00
350.00
228.00
140.00
147.00
164.00
235.00
304.00
1476.00
657.00
820.00
673.00
1690.00
21.30%151.11%Assets (Current)
$5758.00
8911.00
10245.00
8596.00
9495.00
12457.00
16039.00
16503.00
17965.00
19907.00
21781.00
21244.00
21898.00
23435.00
12.60%7.02%Securities & Long-term Investments
$763.00
895.00
1790.00
3492.00
1778.00
633.00
1164.00
1048.00
1765.00
1647.00
844.00
1212.00
627.00
0.92%-48.27%Property, Plant & Equipment (Net)
$7103.00
7626.00
8682.00
10554.00
14686.00
19431.00
23672.00
28240.00
31615.00
33764.00
39227.00
38594.00
39758.00
38229.00
16.63%-3.85%Goodwill & Intangibles
$371.00
386.00
468.00
449.00
464.00
1615.00
1559.00
1568.00
1562.00
1577.00
1649.00
1554.00
1638.00
1564.00
13.91%-4.52%Other Assets
$333.00
1300.00
1313.00
1052.00
1117.00
1200.00
2106.00
1412.00
1488.00
1836.00
1979.00
2018.00
2014.00
1863.00
17.80%-7.50%Assets (Non-current)
$8570.00
10207.00
12253.00
15547.00
18045.00
22879.00
27337.00
32384.00
35713.00
38942.00
44502.00
43010.00
44622.00
42283.00
15.80%-5.24%Assets (Total)
$14328.00
19118.00
22498.00
24143.00
27540.00
35336.00
43376.00
48887.00
53678.00
58849.00
66283.00
64254.00
66520.00
65718.00
14.62%-1.21%Accounts Payable
$1641.00
2115.00
2698.00
2611.00
3879.00
3664.00
4611.00
4626.00
5817.00
5325.00
6090.00
3958.00
4310.00
4680.00
8.33%8.58%Debt (Current)
$224.00
1585.00
1638.00
1089.00
756.00
1262.00
859.00
1310.00
270.00
155.00
103.00
278.00
237.00
344.00
1.98%45.15%Other Liabilities (Current)
$378.00
425.00
475.00
205.00
200.00
408.00
284.00
454.00
548.00
944.00
1346.00
529.00
708.00
1235.00
3.10%74.44%Liabilities (Current)
$2243.00
4125.00
4811.00
3905.00
4835.00
5334.00
5754.00
6390.00
6635.00
6424.00
7539.00
4765.00
5255.00
6259.00
7.09%19.11%Debt (Non-current)
$3038.00
4452.00
4955.00
6252.00
9154.00
9872.00
3777.00
4541.00
6373.00
6621.00
6803.00
13052.00
12037.00
13378.00
14.17%11.14%Other Liabilities
$630.00
535.00
1102.00
698.00
623.00
639.00
581.00
1088.00
1674.00
1871.00
2034.00
2317.00
1971.00
2211.00
12.57%12.18%Liabilities (Non-current)
$3668.00
4987.00
6057.00
6950.00
9777.00
10511.00
4358.00
5629.00
8047.00
8492.00
8837.00
15369.00
14008.00
15589.00
13.91%11.29%Liabilities (Total)
$5911.00
9112.00
10868.00
10855.00
14612.00
15845.00
10112.00
12019.00
14682.00
14916.00
16376.00
20134.00
19263.00
21848.00
11.79%13.42%Treasury Stock
$
881.00
1029.00
67.00
429.00
3221.00
3495.00
4695.00
7127.00
7552.00
7552.00
7552.00
0.00%Retained Earnings
$-1402.00
-212.00
2729.00
5588.00
5299.00
10260.00
24395.00
30761.00
33384.00
39051.00
47274.00
40824.00
44426.00
39997.00
-9.97%AOCI
$80.00
63.00
56.00
13.00
-35.00
29.00
10.00
9.00
71.00
2.00
-560.00
-312.00
-373.00
-264.00
29.22%Shareholder's Equity
$8417.00
10006.00
11573.00
13239.00
12928.00
19470.00
33164.00
36770.00
38996.00
43933.00
49907.00
44120.00
47257.00
43870.00
16.25%-7.17%Liabilities & Equity
$14328.00
19118.00
22498.00
24143.00
27540.00
35336.00
43376.00
48887.00
53678.00
58849.00
66283.00
64254.00
66520.00
65718.00
14.62%-1.21%Net Income/Loss
$-1031.00
1194.00
3079.00
2899.00
-275.00
5090.00
14138.00
6358.00
2710.00
5861.00
8687.00
-5833.00
-2507.00
-441.00
82.41%Depreciation & Amortization
$2222.00
122.00
167.00
138.00
126.00
125.00
4860.00
5473.00
5676.00
6244.00
7116.00
7756.00
3863.00
3839.00
12.04%-0.62%Increase/Decrease in Working Capital
$-542.00
366.00
-687.00
327.00
-110.00
1180.00
1922.00
-879.00
408.00
420.00
1245.00
2896.00
1781.00
1336.00
-24.99%Share-based Compensation
$87.00
91.00
115.00
168.00
191.00
215.00
198.00
243.00
328.00
378.00
514.00
596.00
303.00
401.00
19.12%32.34%Adjustments to Reconcile Net Income
$3145.00
617.00
2620.00
2309.00
3443.00
3063.00
3262.00
6831.00
5596.00
6607.00
6494.00
7392.00
3793.00
3061.00
8.08%-19.30%Net Cash (Operating)
$2114.00
1811.00
5699.00
5208.00
3168.00
8153.00
17400.00
13189.00
8306.00
12468.00
15181.00
1559.00
1286.00
2620.00
-2.73%103.73%Capital Expenditure
$1819.00
1147.00
2553.00
4020.00
5811.00
7368.00
8879.00
9780.00
8223.00
10030.00
12067.00
7676.00
4654.00
3180.00
13.98%-31.67%Net Cash (Investing)
$-2312.00
-1712.00
-2453.00
-6232.00
-3068.00
-7537.00
-8216.00
-10085.00
-7589.00
-10589.00
-11585.00
-6191.00
-4181.00
-2709.00
35.21%Increase/Decrease in Debt
$862.00
378.00
-1631.00
-117.00
1329.00
753.00
-9185.00
210.00
634.00
-332.00
-32.00
5955.00
5168.00
-102.00
19.21%-101.97%Increase/Decrease in Equity
$-6.00
145.00
189.00
-811.00
-99.00
107.00
1655.00
-2550.00
-26.00
-1294.00
-2432.00
-425.00
-425.00
Interest Expenses
$72.00
107.00
163.00
226.00
267.00
468.00
312.00
53.00
165.00
171.00
154.00
323.00
14.62%Dividends Paid
$391.00
37.00
10.00
461.00
504.00
252.00
256.00
2.33%1.59%Net Cash (Financing)
$497.00
322.00
-1948.00
-718.00
1745.00
349.00
-7776.00
-2438.00
-317.00
-1781.00
-2980.00
4983.00
4434.00
-458.00
23.31%-110.33%Cash Taxes Paid
$-13.00
-4.00
43.00
63.00
90.00
99.00
226.00
524.00
167.00
361.00
493.00
532.00
Effect of Exchange Rate
$
-28.00
-121.00
8.00
-12.00
-37.00
26.00
11.00
41.00
-106.00
-34.00
9.00
-8.00
-188.89%Increase/Decrease in Cash
$299.00
421.00
1270.00
-1863.00
1853.00
953.00
1371.00
692.00
411.00
139.00
510.00
317.00
1548.00
-555.00
0.53%-135.85%Cash (Beginning)
$2160.00
2459.00
2880.00
4150.00
2287.00
4263.00
5216.00
6587.00
7279.00
7690.00
7829.00
8339.00
8339.00
8656.00
13.07%3.80%Cash (Ending)
$2459.00
2880.00
4150.00
2287.00
4140.00
5216.00
6587.00
7279.00
7690.00
7829.00
8339.00
8656.00
9887.00
8101.00
12.12%-18.06%NOPAT
$-607.34
234.53
3135.57
3070.39
221.81
5756.20
14757.15
6827.61
2834.88
5918.23
9202.25
-5204.82
-2448.35
-1459.25
40.40%Gross Margin %
11.76%
20.36%
33.24%
32.21%
20.20%
41.51%
58.87%
45.72%
30.57%
37.62%
45.18%
-9.11%
-4.02%
9.90%
Operating Margin %
-7.51%
2.60%
18.87%
18.52%
1.35%
28.88%
49.34%
31.51%
14.01%
22.68%
31.54%
-36.97%
-32.30%
-8.88%
NOPAT Margin %
-7.38%
2.58%
19.17%
18.96%
1.79%
28.32%
48.56%
29.17%
13.23%
21.36%
29.92%
-33.49%
-31.48%
-13.83%
Net Margin %
-12.53%
13.12%
18.61%
17.90%
-2.23%
25.04%
46.51%
26.97%
12.54%
21.16%
28.24%
-37.54%
-32.23%
-4.18%
Tax Rate %
1.72%
0.62%
-1.57%
-2.41%
-32.03%
1.91%
1.58%
7.43%
5.60%
5.81%
5.15%
9.40%
2.53%
-55.74%
ROA
-4.24%
1.23%
13.94%
12.72%
0.81%
16.29%
34.02%
13.97%
5.28%
10.06%
13.88%
-8.10%
-3.68%
-2.22%
ROE
-7.22%
2.34%
27.09%
23.19%
1.72%
29.56%
44.50%
18.57%
7.27%
13.47%
18.44%
-11.80%
-5.18%
-3.33%
ROIC
-6.35%
2.03%
23.73%
20.81%
1.28%
22.06%
45.28%
19.17%
7.32%
14.05%
18.79%
-10.77%
-5.11%
-3.02%
Asset Turnover
0.57
0.47
0.73
0.67
0.45
0.58
0.70
0.48
0.40
0.47
0.46
0.24
0.12
0.16
Inventory Turnover
4.01
2.73
4.45
4.69
3.42
3.81
3.48
2.48
2.65
3.85
2.53
2.02
1.00
1.13
Equity Multiplier
1.70
1.91
1.94
1.82
2.13
1.81
1.31
1.33
1.38
1.34
1.33
1.46
1.41
1.50
Current Ratio
2.57
2.16
2.13
2.20
1.96
2.34
2.79
2.58
2.71
3.10
2.89
4.46
4.17
3.74
Quick Ratio
1.72
1.45
1.55
1.54
1.34
1.72
2.13
1.74
1.82
2.17
1.92
2.53
2.49
2.13
Debt/Equity Ratio
0.39
0.60
0.57
0.55
0.77
0.57
0.14
0.16
0.17
0.15
0.14
0.30
0.26
0.31
Interest Coverage Ratio
-8.58
2.21
18.94
13.27
0.63
12.54
48.06
139.17
18.20
36.74
63.00
-17.79
Working Capital/Sales
0.25
0.39
0.25
0.23
0.18
0.25
0.24
0.25
0.26
0.24
0.26
0.53
0.84
0.81
R&D/Sales
0.11
0.10
0.08
0.10
0.13
0.09
0.07
0.10
0.12
0.10
0.10
0.20
0.21
0.16
Dividend Payout Ratio %
64.38%
15.78%
0.32%
5.01%
9.68%
10.29%
17.54%
Total Payout
$-393.00
-379.00
1615.00
1154.00
-963.00
-392.00
7842.00
2393.00
-443.00
1797.00
3079.00
-4703.00
-4491.00
358.00
107.97%Payout Ratio %
-64.71%
-161.60%
51.51%
37.58%
-434.16%
-6.81%
53.14%
35.05%
-15.63%
30.36%
33.46%
-90.36%
-183.43%
24.53%