Micron Technology (MU) Revenue — Quarter Ended Aug 29, 2024
Revenue for the reported quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The sequential growth continued a trend of rising revenue over recent quarters.
Key takeaway
Quarter ended Aug 29, 2024 · FY2024 Q4
Revenue for the reported quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The sequential growth continued a trend of rising revenue over recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$7.8B
Revenue reported for this quarter.
Quarter-over-quarter
+13.8%
Change from the immediately preceding quarter.
Year-over-year
+93.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$25.1B
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 |
|---|---|---|
| Nov 30, 2023 | $4.7B | +15.7% |
| Feb 29, 2024 | $5.8B | +57.7% |
| May 30, 2024 | $6.8B | +81.5% |
| Aug 29, 2024 | $7.8B | +93.3% |
Revenue performance
The company reported higher revenue for the quarter, reflecting a continued upward trajectory. The year-over-year increase was substantial, while the sequential gain was also positive.
Quarterly comparison
Revenue rose from the prior quarter and increased substantially compared to the same quarter last year. The trailing twelve-month revenue also reflected a strong performance.
What to watch
Cash and marketable investments decreased from the prior year, and the company notes that cash generation is highly dependent on product selling prices.