(PR) Micron Reports Results for Second Quarter of Fiscal 2024

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.”

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