Micron Technology (MU) Revenue — Quarter Ended Feb 29, 2024
Revenue for the quarter increased compared to the prior quarter and was substantially higher than the same quarter a year earlier. This marks a continuation of the upward trend after previous declines.
Key takeaway
Quarter ended Feb 29, 2024 · FY2024 Q2
Revenue for the quarter increased compared to the prior quarter and was substantially higher than the same quarter a year earlier. This marks a continuation of the upward trend after previous declines.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.8B
Revenue reported for this quarter.
Quarter-over-quarter
+23.2%
Change from the immediately preceding quarter.
Year-over-year
+57.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$18.3B
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 1, 2023 | $3.8B | -56.6% |
| Aug 31, 2023 | $4B | -39.6% |
| Nov 30, 2023 | $4.7B | +15.7% |
| Feb 29, 2024 | $5.8B | +57.7% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, reflecting a second consecutive period of growth. The rate of increase was notably stronger than in the prior quarter.
Quarterly comparison
Compared to the preceding quarter, revenue improved, and versus the same quarter one year earlier, revenue was significantly higher. Both comparisons show a positive direction.
What to watch
Revenue has now grown for two consecutive quarters after a period of decline, with the pace of growth accelerating.