Micron Technology Full Year 2024 Earnings: EPS Misses Expectations

Micron Technology (NASDAQ:MU) Full Year 2024 Results

Key Financial Results

• Revenue: US$25.1b (up 62% from FY 2023).
• Net income: US$778.0m (up from US$5.83b loss in FY 2023).
• Profit margin: 3.1% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.
• EPS: US$0.70 (up from US$5.34 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Micron Technology EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.4%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are up 23% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Micron Technology's balance sheet health.

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