Micron Technology, Inc. Reports Results for the Fourth Quarter and Full Year of Fiscal 2019
|
Annual Financial Results |
| (in millions, except per share amounts) |
GAAP (1) | |
Non-GAAP (2) |
|
FY 19 |
FY 18 | |
FY 19 |
FY 18 |
| Revenue | | | $ | 23,406 | | $ | 30,391 | | | $ | 23,406 | | $ | 30,391 | |
| Gross margin | | | $ | 10,702 | | $ | 17,891 | | | $ | 10,973 | | $ | 17,994 | |
| percent of revenue | | | 45.7% | | 58.9% | | | 46.9% | | 59.2% | |
| Operating expenses | | | $ | 3,326 | | $ | 2,897 | | | $ | 3,172 | | $ | 2,751 | |
| Operating income | | | $ | 7,376 | | $ | 14,994 | | | $ | 7,801 | | $ | 15,243 | |
| percent of revenue | | | 31.5% | | 49.3 % | | | 33.3 % | | 50.2 % | |
| Net income attributable to Micron | | | $ | 6,313 | | $ | 14,135 | | | $ | 7,314 | | $ | 14,700 | |
| Diluted earnings per share | | | $ | 5.51 | | $ | 11.51 | | | $ | 6.35 | | $ | 11.95 | |
