Similar companies
| Company | Revenue | |
|---|---|---|
| No data for previous quarter available yet. | ||
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 8.17B | 22% |
| Gross Profit | 2.74B | 49.4% |
| Cost of Revenue | 5.39B | 1.2% |
| Operating expense | 691M | 40.2% |
| Net Income | 887M | 167.2% |
| EBITDA | 1.39B | 52% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 69.4B | 4.8% |
| Total Liabilities | 24.3B | 10.2% |
| Total Equity | 45.1B | 2% |
| Shares Outstanding | 1.11B | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 3.41B | 37.2% |
| Cash from investing | -3.6B | 79.7% |
| Cash from financing | -474M | 47.9% |
EPS
Financial Highlights for Micron Technology in Q3 '24
Micron Technology reported a revenue of 8.17B, which is a 22% 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 2.74B, marking a 49.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 5.39B, a 1.2% 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 691M, showing a -40.2% 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 887M, showing a 167.2% 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 1.39B, showing a 52% 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.
