NASDAQ$MU
Micron Technology, Inc. · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Reported strong sequential revenue and EPS growth due to exceptional execution.
Micron Technology, Inc. announced results for its third quarter of fiscal 2020, which ended May 28, 2020. The company's exceptional execution drove strong sequential revenue and EPS growth, despite challenges in the macro environment.
- Revenue of $5.44 billion versus $4.80 billion for the prior quarter and $4.79 billion for the same period last year
- GAAP net income of $803 million, or $0.71 per diluted share
- Non-GAAP net income of $941 million, or $0.82 per diluted share
- Operating cash flow of $2.02 billion versus $2.00 billion for the prior quarter and $2.71 billion for the same period last year
Headline financials
Revenue & EPS history
Micron · Revenue · Quarterly
$5.44B
Forward guidance
Micron’s guidance for the fourth quarter of fiscal 2020 includes revenue between $5.75 billion and $6.25 billion, gross margin of 34.5% ± 1.5%, operating expenses of $900 million ± $25 million, interest expense of $33 million, and diluted earnings per share of $0.88 ± $0.10.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
+0.1%
Avg return
Earnings day
+0.1%
Avg return
5 days after
+3.5%
Avg return
30 days after
43%
29 / 68 earnings
Positive
+16.9%
Q4 2024
Best reaction
-19.8%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -1.1% | -14.3% | -1.4% | |
| Q1 2026 | +3.5% | +22.5% | +60.9% | |
| Q4 2025 | -4.3% | -1.5% | +31.6% | |
| Q3 2025 | -4.8% | -8.1% | -0.2% | |
| Q2 2025 | -8.0% | -10.6% | -33.2% | |
| Q1 2025 | -19.8% | -17.4% | -2.6% | |
| Q4 2024 | +16.9% | +10.3% | +14.8% | |
| Q3 2024 | -6.3% | -6.8% | -22.5% | |
| Q2 2024 | +16.9% | +24.6% | +13.6% | |
| Q1 2024 | +4.0% | +5.3% | +6.5% | |
| Q4 2023 | -4.0% | +0.0% | -3.4% | |
| Q3 2023 | -3.7% | -4.3% | +6.6% | |
| Q2 2023 | +6.3% | +0.9% | +3.5% | |
| Q1 2023 | -2.5% | -0.9% | +15.4% | |
| Q4 2022 | -1.8% | +5.8% | +6.0% | |
| Q3 2022 | -4.2% | +1.3% | +10.4% | |
| Q2 2022 | -0.9% | -4.6% | -12.1% | |
| Q1 2022 | +9.3% | +13.8% | +8.4% | |
| Q4 2021 | -4.7% | -5.6% | -7.4% | |
| Q3 2021 | -3.4% | -3.1% | -6.5% | |
| Q2 2021 | +6.8% | +8.3% | -0.5% | |
| Q1 2021 | +0.4% | +3.0% | +5.2% | |
| Q4 2020 | -5.6% | -6.4% | +1.5% | |
| Q3 2020 | +6.2% | +2.8% | +3.9% | |
| Q2 2020 | +3.5% | +2.9% | +2.1% | |
| Q1 2020 | +2.9% | +4.5% | +8.8% | |
| Q4 2019 | -12.7% | -14.5% | -2.9% | |
| Q3 2019 | +11.6% | +16.3% | +43.9% | |
| Q2 2019 | +9.0% | +0.4% | +7.5% | |
| Q1 2019 | -7.3% | -10.5% | +0.0% | |
| Q4 2018 | -0.7% | -0.9% | -10.2% | |
| Q3 2018 | +0.3% | -10.3% | -7.1% | |
| Q2 2018 | -11.2% | -14.2% | -17.1% | |
| Q1 2018 | +4.7% | +0.9% | +0.6% | |
| Q4 2017 | +6.4% | +12.8% | +16.4% | |
| Q3 2017 | -7.4% | -9.6% | -9.2% | |
| Q2 2017 | +9.1% | +10.1% | +4.8% | |
| Q1 2017 | +12.3% | +12.6% | +6.3% | |
| Q4 2016 | -0.2% | -0.7% | -6.3% | |
| Q3 2016 | -5.2% | -9.7% | +4.2% | |
| Q2 2016 | +0.2% | — | — | |
| Q1 2016 | -3.2% | — | — | |
| Q4 2015 | +6.2% | — | — | |
| Q3 2015 | -18.3% | — | — | |
| Q2 2015 | -1.5% | — | — | |
| Q1 2015 | -5.0% | — | — | |
| Q4 2014 | +5.0% | — | — | |
| Q3 2014 | +2.0% | — | — | |
| Q2 2014 | -7.3% | — | — | |
| Q1 2014 | +15.5% | — | — | |
| Q4 2013 | -7.2% | — | — | |
| Q3 2013 | -1.5% | — | — | |
| Q2 2013 | +7.8% | — | — | |
| Q1 2013 | -7.3% | — | — | |
| Q4 2012 | +0.7% | — | — | |
| Q3 2012 | -7.4% | — | — | |
| Q2 2012 | -3.9% | — | — | |
| Q1 2012 | +10.7% | — | — | |
| Q4 2011 | -3.4% | — | — | |
| Q3 2010 | +0.0% | — | — | |
| Q3 2011 | +0.0% | — | — | |
| Q2 2011 | -1.1% | — | — | |
| Q2 2010 | +9.2% | — | — | |
| Q4 2010 | +9.2% | — | — | |
| Q1 2011 | +9.2% | — | — | |
| Q1 2010 | -4.0% | — | — | |
| Q1 2009 | -4.0% | — | — | |
| Q4 2009 | -4.0% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro