Micron Technology (MU) Revenue — Quarter Ended Mar 2, 2023
Revenue declined in the current quarter, continuing a downward trend. The decrease was less severe than the prior quarter's drop but remained substantial compared to the same period last year.
Key takeaway
Quarter ended Mar 2, 2023 · FY2023 Q2
Revenue declined in the current quarter, continuing a downward trend. The decrease was less severe than the prior quarter's drop but remained substantial compared to the same period last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.7B
Revenue reported for this quarter.
Quarter-over-quarter
-9.6%
Change from the immediately preceding quarter.
Year-over-year
-52.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$23.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 2, 2022 | $8.6B | +16.4% |
| Sep 1, 2022 | $6.6B | -19.7% |
| Dec 1, 2022 | $4.1B | -46.9% |
| Mar 2, 2023 | $3.7B | -52.6% |
Revenue performance
Revenue fell from the immediately preceding quarter, marking another sequential decline. The year-over-year comparison also showed a sharp contraction.
Quarterly comparison
Compared to the prior quarter, the rate of decline slowed, though revenue remained well below the level of the same quarter one year earlier.
What to watch
The moderation in the sequential decline may warrant attention, but the year-over-year weakness persists.