Micron Technology (MU) FY2024 results: revenue $25.1 billion, up 61.6% on the year
Micron Technology Inc. (MU) reported revenue of $25.1 billion for fiscal 2024, the year ended 29 August 2024, up 61.6% on the year before. Net income was $778 million, and diluted earnings per share $0.70. The figures are the company's own, from the 10-K it filed with the SEC on 4 October 2024.
Revenue
$25.1 billion
+61.6% on the year
FY2017FY2024
Operating margin
5.2%
-37.0% a year earlier
FY2017FY2024
Net income
$778 million
FY2017FY2024
Diluted EPS
$0.70
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
8,507
1,559
15,181
+445.7%
Capital expenditure
8,386
7,676
12,067
+9.2%
Free cash flow
121
-6,117
3,114
Free cash flow margin
0.5%
-39.4%
10.1%
Cash from investing
-8,309
-6,191
-11,585
Cash from financing
-1,842
4,983
-2,980
Depreciation and amortisation
7,780
7,756
7,116
+0.3%
Share-based compensation
833
596
514
+39.8%
Buybacks
300
425
2,432
-29.4%
Dividends paid
513
504
461
+1.8%
Dividend per share
$0.46
$0.46
$0.32
0.0%
Diluted shares, weighted
1,118m
1,093m
1,122m
+2.3%
Shares outstanding at period end
1,109m
1,098m
1,094m
+1.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
45,131
44,120
49,907
+2.3%
Debt
13,397
13,330
6,906
+0.5%
Operating lease liabilities
610
603
610
+1.2%
Finance lease liabilities
1,729
1,109
783
+55.9%
Other liabilities
8,549
5,092
8,077
+67.9%
Total liabilities and equity
69,416
64,254
66,283
+8.0%
Goodwill
1,150
1,150
1,228
0.0%
Intangible assets
416
404
421
+3.0%
Investments
2,111
1,861
2,716
+13.4%
Cash and equivalents
7,041
8,577
8,262
-17.9%
Receivables
5,419
2,048
4,765
+164.6%
Inventory
8,875
8,387
6,663
+5.8%
Other assets
44,404
41,827
42,228
+6.2%
Total assets
69,416
64,254
66,283
+8.0%
10-K for the year ended 29 August 2024, filed 4 October 2024: the filing.