Micron Technology (MU) Revenue — Quarter Ended Nov 30, 2023
Revenue for the quarter rose compared to both the immediately preceding period and the same period one year earlier. This marks a reversal from the declines seen in the prior three quarters.
Key takeaway
Quarter ended Nov 30, 2023 · FY2024 Q1
Revenue for the quarter rose compared to both the immediately preceding period and the same period one year earlier. This marks a reversal from the declines seen in the prior three quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.7B
Revenue reported for this quarter.
Quarter-over-quarter
+17.9%
Change from the immediately preceding quarter.
Year-over-year
+15.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$16.2B
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 |
|---|---|---|
| Mar 2, 2023 | $3.7B | -52.6% |
| Jun 1, 2023 | $3.8B | -56.6% |
| Aug 31, 2023 | $4B | -39.6% |
| Nov 30, 2023 | $4.7B | +15.7% |
Revenue performance
The reported revenue increased from the prior quarter, continuing a sequential improvement after several periods of contraction.
Quarterly comparison
Compared with the same quarter a year ago, revenue was higher. The sequential gain from the preceding quarter was also positive.
What to watch
The company has now posted a year-over-year increase after multiple quarters of steep declines.