Micron Technology (MU) Revenue — Quarter Ended May 30, 2024
Revenue increased in the current quarter compared to both the immediately preceding quarter and the same quarter one year earlier.
Key takeaway
Quarter ended May 30, 2024 · FY2024 Q3
Revenue increased in the current quarter compared to both the immediately preceding quarter and the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.8B
Revenue reported for this quarter.
Quarter-over-quarter
+16.9%
Change from the immediately preceding quarter.
Year-over-year
+81.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$21.4B
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 |
|---|---|---|
| Aug 31, 2023 | $4B | -39.6% |
| Nov 30, 2023 | $4.7B | +15.7% |
| Feb 29, 2024 | $5.8B | +57.7% |
| May 30, 2024 | $6.8B | +81.5% |
Revenue performance
The sequential rise indicates continued momentum from the prior period. The year-over-year gain was notably strong.
Quarterly comparison
Revenue was higher than the prior quarter, reflecting ongoing improvement. Compared to the same quarter last year, revenue was substantially above that level.
What to watch
Monitor whether the pace of revenue growth can be maintained in the coming quarters.