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Micron Technology Inc   (MU)
Other Ticker:  
 
    Sector  Technology    Industry Semiconductors
   Industry Semiconductors
   Sector  Technology
 

MU's Net Income Growth by Quarter and Year

Micron Technology Inc 's Net Income results by quarter and year




MU Net Income (in millions $) FY 2022 FY 2021 FY 2020 FY 2019
IV Quarter September - 2,720.00 990.00 586.00
III Quarter June - 1,735.00 805.00 851.00
II Quarter March 2,263.00 603.00 407.00 1,625.00
I Quarter December 2,306.00 803.00 508.00 3,296.00
FY   4,569.00 5,861.00 2,710.00 6,358.00



MU Net Income second quarter 2022 Y/Y Growth Comment
Micron Technology Inc achieved in the second quarter 2022, above Company average Net Income surge of 275.29% year on year, to $ 2,263.00 millions.

According to the results reported in the second quarter 2022, Micron Technology Inc achieved the best Net Income growth in Semiconductors industry. While Micron Technology Inc ' s Net Income doubling of 275.29% ranks overall at the positon no. 2 in the second quarter 2022.




MU Net Income ( Y/Y Growth %) 2022
2021 2020 2019
IV Quarter September - 174.75 % 68.94 % -86.45 %
III Quarter June - 115.53 % -5.41 % -77.74 %
II Quarter March 275.29 % 48.16 % -74.95 % -50.92 %
I Quarter December 187.17 % 58.07 % -84.59 % 23.08 %
FY   - 116.27 % -57.38 % -55.03 %

Financial Statements
Micron Technology Inc 's second quarter 2022 Net Income $ 2,263.00 millions MU's Income Statement
Micron Technology Inc 's second quarter 2021 Net Income $ 603.00 millions Quarterly MU's Income Statement
New: More MU's historic Net Income Growth >>


MU Net Income (Quarter on Quarter Growth %)

2022
2021 2020 2019
IV Quarter September - 56.77 % 22.98 % -31.14 %
III Quarter June - 187.73 % 97.79 % -47.63 %
II Quarter March -1.86 % -24.91 % -19.88 % -50.7 %
I Quarter December -15.22 % -18.89 % -13.31 % -23.81 %
FY (Year on Year)   - 116.27 % -57.38 % -55.03 %




Net Income second quarter 2022 Y/Y Growth Company Ranking
Within: No.
Semiconductors Industry #1
Technology Sector #1
Overall #2

Net Income Y/Y Growth Statistics
High Average Low
409.85 % 31.29 % -67.44 %
(May 30, 2010)   (Aug. 28, 2011)
Net Income second quarter 2022 Y/Y Growth Company Ranking
Within: No.
Semiconductors Industry #1
Technology Sector #1
Overall #2
Net Income Y/Y Growth Statistics
High Average Low
409.85 % 31.29 % -67.44 %
(May 30, 2010)   (Aug. 28, 2011)

Net Income by Quarter for the Fiscal Years 2019, 2020, 2021, 2022

Micron Technology Inc 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
396.67 % 31.94 % -56.26 %
(Mar 02 2017)  


MU's II. Quarter Q/Q Net Income Comment
In the II. Quarter 2022 Micron Technology Inc disclosed decrease in Net Income sequentially by -1.86% to $ 2,263.00 millions, from $ 2,306.00 millions declared in the previous quarter.

It's not huge problem, as II. Quarter Net Income generally seem to plunge in this quarter.

Within Semiconductors industry Micron Technology Inc achieved highest sequential Net Income growth. While Micron Technology Inc 's Net Income growth quarter on quarter, overall rank is 9.


Net Income Q/Q Growth Company Ranking
Within: No.
Semiconductors Industry #1
Technology Sector #2
Overall #9
Net Income Q/Q Growth Company Ranking
Within: No.
Semiconductors Industry #1
Technology Sector #2
Overall #9
Net Income Q/Q Growth Statistics
High Average Low
396.67 % 31.94 % -56.26 %
(Mar 02 2017)  


MU's II. Quarter Q/Q Net Income Comment
In the II. Quarter 2022 Micron Technology Inc realized decrease in Net Income sequentially by -1.86% to $ 2,263.00 millions, from $ 2,306.00 millions achived in the previous quarter.

When you evaluate current downturn at the II. Quarter, you should take into consideration, that usually II. Quarter 2022 results appear to be sluggish relative to the quarter before, Austin Ramsey, Technology sector advisor mentioned.

Within Semiconductors industry Micron Technology Inc achieved highest sequential Net Income growth. While Micron Technology Inc 's Net Income growth quarter on quarter, overall rank is 9.


Micron Technology Inc 's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Mar 03 2022)
12 Months Ending
(Dec 02 2021)
12 Months Ending
(Sep 02 2021)
12 Months Ending
(Jun 03 2021)
12 Months Ending
(Mar 04 2021)
Cumulative Net Income 12 Months Ending $ 9,024.00 $ 7,364.00 $ 5,861.00 $ 4,131.00 $ 3,201.00
Y / Y Net Income Growth (TTM) 181.91 % 145.06 % 116.27 % 79.14 % 36.1 %
Year on Year Net Income Growth Overall Ranking # 245 # 12 # 7 # 9 # 4
Seqeuential Net Income Change (TTM) 22.54 % 25.64 % 41.88 % 29.05 % 6.52 %
Seq. Net Income Growth (TTM) Overall Ranking # 2 # 14 # 341 # 9 # 8




Cumulative Net Income growth Comment
Micron Technology Inc saw improvement in Net Income growth trend, posting cumulative 12 months Net Income growth of 181.91% year on year, to $ 9,024 millions if the fiscal year would have ended in Mar 03 2022.
Micron Technology Inc 's trailing twelve months Net Income growth was higher than company's average 140.57% and higher than 145.06% growth in Dec 02 2021. And, Micron Technology Inc realized the fastest Net Income growth, in Semiconductors industry.
But from twelve months ended Dec 02 2021 rise was beneth at 22.54 % from $7364 millions reported in twelve months ending a quarter Dec 02 2021 Austin Ramsey went on.
It appears to be stagnation happening, more noticeable if you pay attention to the When you typical sequential Net Income rise that is higher at 31.29%.
The momentum was even more impressive from twelve months ended Dec 02 2021 exhibited at 22.54 % jump from $7364 millions in twelve months ending a quarter before.

Among companies within the Technology sector 11 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 12 to 245.

Net Income TTM Q/Q Growth Statistics
High Average Low
409.85 %
31.29 %
-67.44 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Semiconductors Industry # 1
Technology Sector # 12
Overall # 245

Net Income TTM Y/Y Growth Statistics
High Average Low
1352.1 %
140.57 %
-89.17 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 1
S&P 500 # 2
Cumulative Net Income growth Comment
Micron Technology Inc saw improvement in Net Income growth trend, posting cumulative 12 months Net Income growth of 181.91% year on year, to $ 9,024 millions if the fiscal year would have ended in Mar 03 2022.
Micron Technology Inc 's trailing twelve months Net Income growth was higher than company's average 140.57% and higher than 145.06% growth in Dec 02 2021. And, Micron Technology Inc realized the fastest Net Income growth, in Semiconductors industry.
But sequential increase was beneth at 22.54 % from $7364 millions achieved in twelve months ending a quarter Dec 02 2021.
We witness drop-off in progress, more evident observing the When you average Q/Q TTM historic increase what is stronger at31.29%.
The momentum was even stronger sequentially clinched at 22.54 % jump from $7364 millions in twelve months ending a quarter before.

Among companies within the Technology sector 11 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 12 to 245.

Net Income TTM Q/Q Growth Statistics
High Average Low
409.85 %
31.29 %
-67.44 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Semiconductors Industry # 1
Technology Sector # 12
Overall # 245

Net Income TTM Y/Y Growth Statistics
High Average Low
1352.1 %
140.57 %
-89.17 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 1
S&P 500 # 2




Other Net Income Growth
Semiconductors Industry Net Income Growth Trends and Statistics
Technology Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
MU's Net Income Growth Ratio versus Semiconductors Industry, Technology Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for MU's Competitors
Net Income Growth for Micron Technology Inc 's Suppliers
Net Income Growth for MU's Customers

You may also want to know
MU's Annual Growth Rates MU's Profitability Ratios MU's Asset Turnover Ratio MU's Dividend Growth
MU's Roe MU's Valuation Ratios MU's Financial Strength Ratios MU's Dividend Payout Ratio
MU's Roa MU's Inventory Turnover Ratio MU's Growth Rates MU's Dividend Comparisons



Companies with similar Net Income decrease for the quarter ending Mar 03 2022 within Technology SectorY/Y Change %Net Income for the quarter ending Mar 03 2022
National Instruments Corporation461.42%$ 461.424 millions
Xperi Holding Corporation429.72%$ 429.717 millions
Shotspotter Inc.389.87%$ 389.873 millions
Riot Blockchain Inc 373.16%$ 373.161 millions
Synaptics Incorporated370.29%$ 370.290 millions
Computer Programs And Systems Inc324.44%$ 324.445 millions
Super Micro Computer Inc 317.69%$ 317.690 millions
Microchip Technology Incorporated277.50%$ 277.500 millions
Micron Technology Inc 275.29%$ 275.290 millions
Extreme Networks Inc 269.35%$ 269.355 millions
Verisk Analytics Inc 201.07%$ 201.071 millions
Electronic Arts Inc.196.05%$ 196.053 millions
Cirrus Logic Inc.165.58%$ 165.583 millions
Clearfield Inc 153.75%$ 153.751 millions
A10 Networks Inc 151.69%$ 151.692 millions
Immersion Corp149.31%$ 149.312 millions
Cyberoptics Corp149.20%$ 149.202 millions


       
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