Micron’s revenue in the fourth fiscal quarter of 2023 fell 40% year-on-year, with a net loss of approximately US$1.43 billion

News from this site on September 29, Micron recently announced performance data for the fourth fiscal quarter of 2023 (as of August 31, 2023) and fiscal year 2023, with quarterly revenue of US$4.01 billion (notes on this site) : currently approximately 29.273 billion yuan), a slight increase compared to the previous quarter’s US$3.75 billion, a 7% quarter-on-quarter increase, higher than market expectations of US$3.93 billion, compared to 66.4 in the same period of the previous fiscal year billion, a year-on-year decrease of 40%.

The GAAP net loss in the fourth fiscal quarter was approximately US$1.43 billion (currently approximately 10.439 billion yuan), while the net profit in the same period of the previous fiscal year was US$1.49 billion; diluted loss per share was US$1.31; operating cash flow It was US$249 million, compared with US$24 million in the previous quarter and US$3.78 billion in the same period of the previous fiscal year.

For the entire fiscal year 2023, Micron’s revenue was US$15.54 billion (currently approximately 113.442 billion yuan), compared with US$30.76 billion the previous year; GAAP net loss was US$5.83 billion (currently approximately RMB 42.559 billion), or US$5.34 per diluted share; non-GAAP net loss was US$4.86 billion, or US$4.45 per diluted share; operating cash flow was 1.56 billion US dollars, compared with US$15.18 billion in the previous year.

Sanjay Mehrotra, president and CEO of Micron Technology, said: “In fiscal 2023, Micron continued to deliver strong results amid a challenging environment for the memory and storage industry. Decisive action was taken on supply and cost. With increasing demand and tight supply, the 2023 performance sets us up well for a market recovery in 2024. As artificial intelligence evolves from data The center is proliferating to the edge, and we look forward to setting an industry TAM revenue record in 2025."

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