The corporate reporting period has is ending.
Last week, 16 companies from the S&P 500 index reported.
Today, we are going to analyze the results of Micron Technology. Its revenue amounted to $8.7B. It grew by +15.9% compared to the corresponding value for the previous quarter and confirmed analysts’ expectations. Let’s analyze the company’s business in more detail.
Micron Technology is one of the largest chip manufacturers in the world. The company ranks 3rd in the DRAM chip market and 5th in the NAND chip market. The company has offices in 17 countries, as well as 12 laboratories and 11 production sites.
During the reporting period, the company’s revenue increased by 85% compared to the same quarter last year, and for the 4th quarter in a row, it generated net profit after a difficult 2023. The record revenue growth was driven by the data center segment, which for the first time generated about 50% of total revenue.
61% of the revenue structure is made up of manufacturing costs, and 39% is gross profit. Over the past quarter, the company earned a profit of $1.8B and its market capitalization is $100B.
After the publication of the report, Micron Technology’s shares fell by -15.5% to $90 per share. Market participants were dissatisfied with the financial results and reacted negatively to the company’s development prospects.
**growth – % ratio of the amount of revenue for the last 4 quarters compared to this value calculated for the previous quarter
