Micron Technology, Inc. (MU) experienced a price decrease of $31.36, representing a -5.98% change from the previous close. Trading volume surged to $20 million, a significant increase of 48.08% above the average.
In the latest quarterly earnings report on Tuesday, March 17th, MU reported an earnings per share of $12.2, surpassing the consensus estimate of 9.19.
MU's forward dividend yield stands at 0.122%, with a dividend per share of 15 cents MRQ. Comparing year-over-year, there was a decrease of 25 cents in dividend per share.
The company generated $5.52 billion in free cash flow, with a net change in cash of $4.20 billion. Operating cash flow was $11.90 billion, while capital expenditure amounted to -$6.39 billion.
MU's revenue reached $23.86 billion, resulting in a gross profit of $17.75 billion. The company reported a net income of $13.79 billion, translating to earnings per share of $12.25.
Key ratios include a gross profit margin of 74.39%, net profit margin of 57.79%, return on equity at 19.03%, and a price-to-earnings ratio of 8.48.
With total assets of $101.51 billion, MU holds $12.54 billion in cash and cash equivalents. The company's total liabilities amount to $29 billion, with a net debt of -$1.74 billion.
This report provides a comprehensive overview of MU's financial performance amid market fluctuations and robust earnings figures.
Micron Technology, Inc. designs, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. It provides memory and storage technologies comprises DRAM products, which are dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; NAND products that are non-volatile and re-writeable semiconductor storage devices; and NOR memory products, which are non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels. The company offers memory products for the cloud server, enterprise, client, graphics, and networking markets, as well as for smartphone and other mobile-device markets; SSDs and component-level solutions for the enterprise and cloud, client, and consumer storage markets; other discrete storage products in component and wafers; and memory and storage products for the automotive, industrial, and consumer markets. It markets its products through its direct sales force, independent sales representatives, distributors, and retailers; and web-based customer direct sales channel, as well as through channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.