Micron Technology (MU) Revenue — Quarter Ended Aug 31, 2023
Revenue for the quarter increased compared to the immediately preceding quarter. However, it declined sharply from the same quarter one year earlier.
Key takeaway
Quarter ended Aug 31, 2023 · FY2023 Q4
Revenue for the quarter increased compared to the immediately preceding quarter. However, it declined sharply from the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4B
Revenue reported for this quarter.
Quarter-over-quarter
+6.9%
Change from the immediately preceding quarter.
Year-over-year
-39.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.5B
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 |
|---|---|---|
| Dec 1, 2022 | $4.1B | -46.9% |
| Mar 2, 2023 | $3.7B | -52.6% |
| Jun 1, 2023 | $3.8B | -56.6% |
| Aug 31, 2023 | $4B | -39.6% |
Revenue performance
The reported revenue rose sequentially, reversing the downward trend seen in recent quarters. Despite the sequential improvement, the year-over-year comparison remained deeply negative.
Quarterly comparison
Compared to the prior quarter, revenue grew. Compared to the same quarter last year, revenue fell significantly.
What to watch
The sequential revenue improvement warrants attention for future quarters.