Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens Wu Yanzu in South China for the delivery of clues! CTOnews.com Sept. 29, Micron recently released results for the fourth quarter of 2023 (as of August 31, 2023) and fiscal year 2023, with revenue of $4.01 billion (CTOnews.com Note: currently about 29.273 billion yuan), up 7% from the previous quarter's $3.75 billion, higher than market expectations of $3.93 billion, compared with $6.64 billion in the same period of the previous fiscal year. Down 40% from the same period last year.

In the fourth quarter, GAAP posted a net loss of approximately $1.43 billion (currently about RMB 10.439 billion), compared with net profit of $1.49 billion in the same period of the previous fiscal year; diluted loss per share of $1.31; and operating cash flow of $249 million, compared with $24 million in the previous quarter and $3.78 billion in the same period of the previous fiscal year.

For the full fiscal year 2023, Micron's revenue was $15.54 billion (currently about 113.442 billion yuan), compared with $30.76 billion the previous year; GAAP had a net loss of $5.83 billion (currently about 42.559 billion yuan), or $5.34 billion per diluted share; non-GAAP had a net loss of $4.86 billion, or $4.45 billion per diluted share; and operating cash flow was $1.56 billion, compared with $151.8 billion the previous year.

Sanjay Mehrotra, President and CEO of Micron Technologies, said: "in fiscal year 2023, Micron acted decisively on supply and cost in a challenging environment for the memory and storage industries. With the increase in demand and strict supply, the performance in 2023 has laid a good foundation for us, and the market will recover in 2024. As artificial intelligence surges from the data center to the edge, we look forward to setting an industry TAM revenue record in 2025. "

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