Micron Technology Past Earnings Performance
Past criteria checks 2/6
Micron Technology's earnings have been declining at an average annual rate of -26.7%, while the Semiconductor industry saw earnings growing at 17.3% annually. Revenues have been declining at an average rate of 0.03% per year. Micron Technology's return on equity is 8.3%, and it has net margins of 13.3%.
Key information
-26.7%
Earnings growth rate
-26.8%
EPS growth rate
| Semiconductor Industry Growth | 27.7% |
| Revenue growth rate | -0.03% |
| Return on equity | 8.3% |
| Net Margin | 13.3% |
| Last Earnings Update | 28 Nov 2024 |
Recent past performance updates
Recent updates
Micron Technology (NASDAQ:MU) Has A Pretty Healthy Balance Sheet
Feb 04
Micron: Why I'm Waiting For A Dip Now (Rating Downgrade)
Jan 26Micron: Exposure To AI Tailwinds At A Cheap Valuation
Jan 20Micron: A Stock Heading For Trouble
Jan 14Micron's Bold Bet On AI Memory
Jan 04Amidst Volatility, Micron Presents A Buying Opportunity For Investors
Dec 23Micron Technology (NASDAQ:MU) Will Want To Turn Around Its Return Trends
Dec 18My Boldest Bet On Micron So Far: Why I'm Shorting This Stock Prior To Earnings
Dec 16Micron Is On A Mission To Penetrate The HBM Market - Buy It
Dec 10HBM Demand Is Surging Past Supply: Why Micron Is The Biggest Beneficiary
Dec 03Micron: Here's Why It Keeps Dropping And Here's Why I Keep Buying
Nov 20Micron: A Dip Worth Picking Up
Nov 07Micron's Resurgence Is Here To Stay (Technical Analysis)
Oct 24Micron Technology, Inc.'s (NASDAQ:MU) Shares Climb 26% But Its Business Is Yet to Catch Up
Oct 18Does Micron Technology (NASDAQ:MU) Have A Healthy Balance Sheet?
Oct 15Micron: Bullish Catalysts In Motion
Oct 13Micron Technology: The Market May Be Wrong
Oct 04Micron: Why Q4 Results Didn't Get Me Excited
Sep 28Micron's Stock Might Face A Steep Decline Following Q4 Results
Sep 22Micron: I Am Buying The Drop Hand Over Fist Before Q4
Sep 14Micron Technology, Inc.'s (NASDAQ:MU) Intrinsic Value Is Potentially 58% Above Its Share Price
Sep 11Micron Technology: DRAM And NAND Price Recovery Priced In (Rating Downgrade)
Aug 25Micron Is Dirt Cheap After The 45% Drop
Aug 13Micron: This Apple And NVIDIA Supplier Is An Undervalued AI Stock
Aug 06Micron Technology, Inc.'s (NASDAQ:MU) Shareholders Might Be Looking For Exit
Jul 31Micron: Strong Prospects For Secular And Cyclical Growth Are Coming Together
Jul 28Micron Taught Me 2 Lessons (Rating Upgrade)
Jul 18Micron: HBM3E Shipment Ramping Up From Q3, Expect Strong Revenue Growth
Jul 06Micron: Key Beneficiary Of AI But Too Richly Valued
Jun 30Micron Technology, Inc. (NASDAQ:MU) Analysts Are Pretty Bullish On The Stock After Recent Results
Jun 30Micron Q3 Earnings Preview: Stronger Than Expected Memory Recovery, Micron Remains A Buy
Jun 24Micron Technology Is Positioned For AI Factory Growth
Jun 17Micron Is Not A Bargain Despite The AI-Driven HBM Sensation
Jun 06Is Micron Technology (NASDAQ:MU) Using Too Much Debt?
May 30Micron: Quiet AI Powerhouse
May 20Micron: Stock Is Not Overvalued
May 13I'm Upgrading Micron To A Buy As It Wins The HBM Yield Race With SK Hynix
Apr 25Micron: Sell Cyclical Stock Near Cyclical High
Apr 14Micron: Gnashing Of Teeth As The Best Upcycle Develops (Rating Downgrade)
Apr 05Micron Technology, Inc.'s (NASDAQ:MU) Share Price Not Quite Adding Up
Apr 01Micron: Reasonable Valuation On Massive Tailwind
Mar 28Revenue & Expenses Breakdown
How Micron Technology makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 28 Nov 24 | 29,094 | 3,882 | 1,154 | 3,473 |
| 29 Aug 24 | 25,111 | 778 | 1,129 | 3,430 |
| 30 May 24 | 21,371 | -1,539 | 1,053 | 3,246 |
| 29 Feb 24 | 18,312 | -3,767 | 981 | 3,154 |
| 30 Nov 23 | 16,181 | -6,872 | 932 | 3,110 |
| 31 Aug 23 | 15,540 | -5,833 | 920 | 3,114 |
| 01 Jun 23 | 18,173 | -2,911 | 981 | 3,234 |
| 02 Mar 23 | 23,063 | 1,611 | 1,026 | 3,249 |
| 01 Dec 22 | 27,156 | 6,186 | 1,063 | 3,253 |
| 01 Sep 22 | 30,758 | 8,687 | 1,066 | 3,116 |
| 02 Jun 22 | 32,389 | 9,915 | 1,022 | 2,982 |
| 03 Mar 22 | 31,169 | 9,024 | 988 | 2,879 |
| 02 Dec 21 | 29,619 | 7,364 | 934 | 2,728 |
| 02 Sep 21 | 27,705 | 5,861 | 894 | 2,663 |
| 03 Jun 21 | 25,487 | 4,129 | 889 | 2,588 |
| 04 Mar 21 | 23,503 | 3,197 | 875 | 2,567 |
| 03 Dec 20 | 22,064 | 2,999 | 884 | 2,607 |
| 03 Sep 20 | 21,435 | 2,687 | 881 | 2,600 |
| 28 May 20 | 20,249 | 2,260 | 862 | 2,593 |
| 27 Feb 20 | 19,599 | 2,297 | 852 | 2,550 |
| 28 Nov 19 | 20,637 | 3,511 | 838 | 2,470 |
| 29 Aug 19 | 23,406 | 6,313 | 836 | 2,441 |
| 30 May 19 | 26,976 | 10,077 | 839 | 2,385 |
| 28 Feb 19 | 29,985 | 13,060 | 844 | 2,382 |
| 29 Nov 18 | 31,501 | 14,750 | 831 | 2,304 |
| 30 Aug 18 | 30,391 | 14,135 | 813 | 2,141 |
| 31 May 18 | 28,089 | 12,178 | 778 | 2,021 |
| 01 Mar 18 | 25,858 | 10,002 | 771 | 1,852 |
| 30 Nov 17 | 23,155 | 7,587 | 762 | 1,802 |
| 31 Aug 17 | 20,322 | 5,089 | 730 | 1,824 |
| 01 Jun 17 | 17,401 | 2,551 | 704 | 1,788 |
| 02 Mar 17 | 14,733 | 689 | 648 | 1,736 |
| 01 Dec 16 | 13,019 | -302 | 636 | 1,666 |
| 01 Sep 16 | 12,399 | -276 | 656 | 1,617 |
| 02 Jun 16 | 12,782 | 365 | 673 | 1,585 |
| 03 Mar 16 | 13,737 | 1,071 | 694 | 1,609 |
| 03 Dec 15 | 14,969 | 2,102 | 706 | 1,585 |
| 03 Sep 15 | 16,192 | 2,899 | 720 | 1,540 |
| 04 Jun 15 | 16,819 | 3,578 | 729 | 1,519 |
| 05 Mar 15 | 16,948 | 3,893 | 735 | 1,462 |
| 04 Dec 14 | 16,889 | 3,690 | 725 | 1,427 |
| 28 Aug 14 | 16,358 | 3,045 | 708 | 1,371 |
| 29 May 14 | 14,974 | 3,603 | 672 | 1,280 |
| 27 Feb 14 | 13,310 | 2,840 | 624 | 1,157 |
Quality Earnings: MU has high quality earnings.
Growing Profit Margin: MU became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MU's earnings have declined by 26.7% per year over the past 5 years.
Accelerating Growth: MU has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: MU has become profitable in the last year, making it difficult to compare its past year earnings growth to the Semiconductor industry (-3.4%).
Return on Equity
High ROE: MU's Return on Equity (8.3%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/07 08:23 |
| End of Day Share Price | 2025/02/06 00:00 |
| Earnings | 2024/11/28 |
| Annual Earnings | 2024/08/29 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Micron Technology, Inc. is covered by 77 analysts. 33 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Warren Lau | Aletheia Analyst Network Limited |
| Nam Hyung Kim | Arete Research Services LLP |
| Brett Simpson | Arete Research Services LLP |