NASDAQ$MU
Micron Technology, Inc. · Q4 2024 earnings
Q4 2024 earnings · · Investor relations
Briefing
Micron's Q4 2024 financial results were reported, demonstrating significant year-over-year revenue growth driven by AI demand and record NAND revenue.
Micron Technology, Inc. announced strong Q4 fiscal 2024 results, with a 93% year-over-year revenue increase. The company achieved record data center revenue and NAND revenue, driven by robust AI demand and data center SSD sales exceeding $1 billion. Micron is entering fiscal 2025 with a positive outlook, forecasting record revenue in Q1 and significantly improved profitability throughout the year.
- Revenue reached $7.75 billion, compared to $4.01 billion in the same period last year.
- GAAP net income was $887 million, or $0.79 per diluted share.
- Non-GAAP net income was $1.34 billion, or $1.18 per diluted share.
- Operating cash flow was $3.41 billion, a substantial increase from $249 million in the same period last year.
Headline financials
Revenue & EPS history
Micron · Revenue · Quarterly
$7.75B
Forward guidance
Micron provided guidance for the first quarter of fiscal year 2025, projecting revenue of $8.70 billion ± $200 million, a gross margin of 38.5% ± 1.0% (GAAP) or 39.5% ± 1.0% (Non-GAAP), operating expenses of $1.211 billion ± $15 million (GAAP) or $1.085 billion ± $15 million (Non-GAAP), and diluted earnings per share of $1.54 ± $0.08 (GAAP) or $1.74 ± $0.08 (Non-GAAP).
Tailwinds
- Revenue is expected to be $8.70 billion ± $200 million.
- Gross margin is projected at 38.5% ± 1.0% (GAAP) or 39.5% ± 1.0% (Non-GAAP).
- Operating expenses are estimated to be $1.211 billion ± $15 million (GAAP) or $1.085 billion ± $15 million (Non-GAAP).
- Diluted earnings per share are forecasted at $1.54 ± $0.08 (GAAP).
- Diluted earnings per share are forecasted at $1.74 ± $0.08 (Non-GAAP).
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 Q4 2024
+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% | — | — |
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