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    Contact usWhat is Enterprise Value?Advanced EV Calculator
    MICRON TECHNOLOGY INC (MU)
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    Market Cap
    $471B
    Latest price
    $419.44
    -4.19%
    Dollar Amounts
    USD (Millions)
    Metric20212022202320242025
    Revenue$27,705$30,758$15,540$25,111$37,378
    Gross Profit$10,423$13,898-$1,416$5,613$14,873
    Operating Income$6,283$9,702-$5,745$1,304$9,770
    Net Income$5,861$8,687-$5,833$778$8,539
    Data source10-K10-K10-K10-K10-K
    Showing latest financials
    Data in millions of USD
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    Commentary on Micron Technology, Inc. Performance

    Micron Technology’s five-year income statement shows a period of both strong growth and significant volatility. In 2021 and 2022, revenue increased from $27,705 million to $30,758 million, with gross profit and operating income growing from $10,423 million and $6,283 million to $13,898 million and $9,702 million, respectively. The year-over-year improvements during this period reflect a healthy operational performance, likely driven by favorable market conditions and effective cost management. However, 2023 marked a drastic downturn: revenue dropped by nearly 50% compared to 2022 to $15,540 million, while gross profit plummeted to a negative $1,416 million. This decline also extended to operating income and net income, which fell into negative territory at -$5,745 million and -$5,833 million, respectively—a swing exceeding 20% that underscores a significant operational setback. The subsequent recovery in 2024 and 2025 is notable. Revenue rebounded to $25,111 million in 2024 and further surged to $37,378 million in 2025, accompanied by corresponding improvements in profitability measures. Gross profit turned positive in both years, reaching $5,613 million in 2024 and climbing to $14,873 million in 2025, while operating and net income also recovered, with 2025 figures of $9,770 million and $8,539 million, respectively. This recovery suggests that the company was able to implement corrective operational measures and possibly benefit from improved market conditions in the semiconductor industry. Overall, despite a significant setback in 2023, Micron Technology’s rebound in subsequent years points to resilient financial health and a capacity to adapt in a cyclical and competitive industry.

    This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.