Micron Technology, Inc. today announced results for its second quarter of fiscal 2024, which ended February 29, 2024.
Fiscal Q2 2024 highlights
- Revenue of $5.82 billion versus $4.73 billion for the prior quarter and $3.69 billion for the same period last year
- GAAP net income of $793 million, or $0.71 per diluted share
- Non-GAAP net income of $476 million, or $0.42 per diluted share
- Operating cash flow of $1.22 billion versus $1.40 billion for the prior quarter and $343 million for the same period last year
“Micron delivered fiscal Q2 results with revenue, gross margin and EPS well above the high-end of our guidance range – a testament to our team’s excellent execution on pricing, products and operations,” said Sanjay Mehrotra, President and CEO of Micron Technology. “Our preeminent product portfolio positions us well to deliver a strong fiscal second half of 2024. We believe Micron is one of the biggest beneficiaries in the semiconductor industry of the multi-year opportunity enabled by AI.”