Similar companies
Company | Revenue | |
---|---|---|
![]() |
Aehr Test SystemsAEHR |
7.6M 64.7% |
Income Statement (USD)
Q1 '24 | QoQ | |
---|---|---|
Revenue | 5.69B | 23.8% |
Gross Profit | 1.08B | 3182.9% |
Cost of Revenue | 5.06B | 0.3% |
Operating expense | 1.14B | 1.7% |
Net Income | 793M | 164.3% |
EBITDA | 352M | 136% |
Balance Sheet (USD)
Q1 '24 | QoQ | |
---|---|---|
Total Assets | 65.7B | 3% |
Total Liabilities | 21.8B | 4.6% |
Total Equity | 43.9B | 2.3% |
Shares Outstanding | 1.11B | 0.3% |
Cash Flow (USD)
Q1 '24 | QoQ | |
---|---|---|
Cash from operations | 1.22B | 13% |
Cash from investing | -1.15B | 26.1% |
Cash from financing | -106M | 69.9% |
EPS
Financial Highlights for Micron Technology in Q1 '24
Micron Technology reported a revenue of 5.69B, which is a 23.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.08B, marking a 3182.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 5.06B, a -0.3% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 1.14B, showing a -1.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 793M, showing a 164.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 352M, showing a 136% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Micron Technology with growth in revenue, gross profit, and net income.