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Micron Technology MU Q4 2024 Annual earnings

Reported September 25, 2024 · After market close

Revenue estimate$7.6B
EPS estimate$1.12

Next report

Date not yet announced

Financials

Q4 2024

Income statement

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Revenue$7.8B+93.3%
Gross profit$2.7B+729%
Operating income$1.5B+203%
Net income$887.0M+162%
EPS (diluted)$0.80+161%

Balance sheet

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Cash & equivalents$7.0B-17.9%
Total debt$16.1B+5.6%
Total equity$45.1B+2.3%
Total assets$69.4B+8.0%

Cash flow

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Operating cash flow$3.4B+1,267%
CapEx$3.1B+114%
Free cash flow$285.0M+124%

Valuation & ratios

Valuation

as of 08/29/24
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Market cap$114.91B+53.6%
Enterprise value$124B+52.1%
P/E147.7×
P/S4.6×-0.2×

Profitability

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Gross margin22.4%+17.3pp
Operating margin5.2%+2.8pp
Net margin3.1%+1.6pp
FCF margin0.5%+0.2pp

Returns & leverage

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Return on equity1.7%+0.9pp
Debt / equity0.4×0.0×
Current ratio2.6×-1.8×

Segments

By geography

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Other Asia Pacific$332.5M+76.9%
Europe$204.5M+19.9%
Other Countries$32.8M+36.5%

By product

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DRAM$5.3B+93.3%
NAND$2.4B+96.3%
Other (primarily NOR)$59.0M+18.0%

By segment

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All other$3.0M+200%

Versus estimates

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Questions, answered.

When did Micron Technology report Q4 2024 earnings?
Micron Technology (MU) reported Q4 2024 earnings on September 25, 2024 after market close.
What were Micron Technology's Q4 2024 revenue and EPS?
Micron Technology reported revenue of $7.8B and diluted EPS of $1.18 for Q4 2024.
Did Micron Technology beat estimates in Q4 2024?
Revenue beat the consensus estimate of $7.6B by $101.0M. EPS beat the consensus estimate of $1.12 by $0.06.
Where can I find Micron Technology's Q4 2024 SEC filings?
You can read the 10-K periodic report (0000723125-24-000027) directly on SEC EDGAR. The filing index links above go to sec.gov.