5.69B 23.8%
Total Revenue QoQ (USD) - Q1 '24

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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%



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.

The analytics provided are estimates and not a substitute for professional advice. All investments involve risks, including possible capital loss.
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