Micron Technology, Inc. Reports Results for the Fourth Quarter and Full Year of Fiscal 2022
|
Annual Financial Results |
(in millions, except per share amounts)
|
GAAP
(1) | |
Non-GAAP
(2) |
|
FY 22 |
FY 21 | |
FY 22 |
FY 21 |
| | | | | | |
| Revenue | $ | 30,758 | | $ | 27,705 | | | $ | 30,758 | | $ | 27,705 | |
| Gross margin | | 13,898 | | | 10,423 | | | | 14,113 | | | 10,987 | |
| percent of revenue | | 45.2 | % | | 37.6 | % | | | 45.9 | % | | 39.7 | % |
| Operating expenses | | 4,196 | | | 4,140 | | | | 3,832 | | | 3,320 | |
| Operating income | | 9,702 | | | 6,283 | | | | 10,281 | | | 7,667 | |
| percent of revenue | | 31.5 | % | | 22.7 | % | | | 33.4 | % | | 27.7 | % |
| Net income | | 8,687 | | | 5,861 | | | | 9,475 | | | 6,976 | |
| Diluted earnings per share | | 7.75 | | | 5.14 | | | | 8.35 | | | 6.06 | |
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