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

MU's Revenue Growth by Quarter and Year

Micron Technology Inc 's Revenue results by quarter and year




MU Revenue (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter September - 6,643.00 8,274.00 6,056.00
III Quarter June - 8,642.00 7,422.00 5,438.00
II Quarter March 3,693.00 7,786.00 6,236.00 4,797.00
I Quarter December 4,085.00 7,687.00 5,773.00 5,144.00
FY   7,778.00 30,758.00 27,705.00 21,435.00



MU Revenue second quarter 2023 Y/Y Growth Comment
Micron Technology Inc reported drop in Revenue in the second quarter 2023 by -52.57% to $ 3,693.00 millions, from the same quarter in 2022.
The fall in the second quarter 2023 Micron Technology Inc 's Revenue compares unfavorably to the Company's average Revenue increase of 17.23%.

Looking into second quarter 2023 results within Semiconductors industry 31 other companies have achieved higher Revenue growth. While Micron Technology Inc ' s Revenue meltdown of -52.57% ranks overall at the positon no. 1184 in the second quarter 2023.




MU Revenue ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter September - -19.71 % 36.62 % 24.35 %
III Quarter June - 16.44 % 36.48 % 13.58 %
II Quarter March -52.57 % 24.86 % 30 % -17.79 %
I Quarter December -46.86 % 33.15 % 12.23 % -34.99 %
FY   - 11.02 % 29.25 % -8.42 %

Financial Statements
Micron Technology Inc 's second quarter 2023 Revenue $ 3,693.00 millions MU's Income Statement
Micron Technology Inc 's second quarter 2022 Revenue $ 7,786.00 millions Quarterly MU's Income Statement
New: More MU's historic Revenue Growth >>


MU Revenue (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter September - -23.13 % 11.48 % 11.36 %
III Quarter June - 10.99 % 19.02 % 13.36 %
II Quarter March -9.6 % 1.29 % 8.02 % -6.75 %
I Quarter December -38.51 % -7.09 % -4.67 % 5.63 %
FY (Year on Year)   - 11.02 % 29.25 % -8.42 %




Revenue second quarter 2023 Y/Y Growth Company Ranking
Within: No.
Semiconductors Industry #32
Technology Sector #153
Overall #1184

Revenue Y/Y Growth Statistics
High Average Low
120.39 % 17.23 % -60.64 %
(Nov 28 2013)   (Sep 01 2016)
Revenue second quarter 2023 Y/Y Growth Company Ranking
Within: No.
Semiconductors Industry #32
Technology Sector #153
Overall #1184
Revenue Y/Y Growth Statistics
High Average Low
120.39 % 17.23 % -60.64 %
(Nov 28 2013)   (Sep 01 2016)

Revenue by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Micron Technology Inc 's Q/Q Revenue Growth


Revenue Q/Q Growth Statistics
High Average Low
112.12 % 4.38 % -59.01 %
(Sep 03 2015)  


MU's II. Quarter Q/Q Revenue Comment
In the II. Quarter 2023 Micron Technology Inc disclosed drop in Revenue from the first quarter by -9.6% to $ 3,693.00 millions, from $ 4,085.00 millions achived a quarter before.

Even seasonal influence which commonly fuel II. Quarter 2023 Revenue, this simply has not been enough to salvage Semiconductors's company II. Quarter achievement, Stephanie Parker, an industry consultant wrote and mentioned that average sequential Revenue growth is at 4.38% for MU.

Within Semiconductors industry 41 other companies have achieved higher Revenue quarter on quarter growth. While Micron Technology Inc 's Revenue growth quarter on quarter, overall rank is 1680.


Revenue Q/Q Growth Company Ranking
Within: No.
Semiconductors Industry #42
Technology Sector #251
Overall #1680
Revenue Q/Q Growth Company Ranking
Within: No.
Semiconductors Industry #42
Technology Sector #251
Overall #1680
Revenue Q/Q Growth Statistics
High Average Low
112.12 % 4.38 % -59.01 %
(Sep 03 2015)  


MU's II. Quarter Q/Q Revenue Comment
In the II. Quarter 2023 Micron Technology Inc realized drop in Revenue sequentially by -9.6% to $ 3,693.00 millions, from $ 4,085.00 millions achived in the previous reporting period.

Some seasonal influence were not able to salvage the II. Quarter for the Micron Technology Inc , Stephanie Parker, an industry consultant wrote, she detected further headwinds onward for MU and continued that average sequential Revenue growth is at 4.38% for MU.

Within Semiconductors industry 41 other companies have achieved higher Revenue quarter on quarter growth. While Micron Technology Inc 's Revenue growth quarter on quarter, overall rank is 1680.


Micron Technology Inc 's 12 Months Revenue Growth Year on Year


Revenue TTM Growth

12 Months Ending
(Mar 02 2023)
12 Months Ending
(Dec 01 2022)
12 Months Ending
(Sep 01 2022)
12 Months Ending
(Jun 02 2022)
12 Months Ending
(Mar 03 2022)
Cumulative Revenue 12 Months Ending $ 23,063.00 $ 27,156.00 $ 30,758.00 $ 32,389.00 $ 31,169.00
Y / Y Revenue Growth (TTM) -26.01 % -8.32 % 11.02 % 27.08 % 32.62 %
Year on Year Revenue Growth Overall Ranking # 978 # 1300 # 988 # 420 # 934
Seqeuential Revenue Change (TTM) -15.07 % -11.71 % -5.04 % 3.91 % 5.23 %
Seq. Revenue Growth (TTM) Overall Ranking # 1364 # 2656 # 997 # 1429 # 1081




Cumulative Revenue growth Comment
Micron Technology Inc 's cumulative 12 months Revenue continue to drop, but on the faster rate at -26.01% year on year, at Mar 02 2023 compare to the -8.32% decrease at Dec 01 2022. If the Micron Technology Inc 's fiscal year would end at Mar 02 2023, annual Revenue would be $23,063 millions.

In the Technology sector 106 other companies have achieved higher trailing twelve month Revenue growth. While Total ranking has impoved so far to 978, from total ranking in previous quarter at 1300.

Revenue TTM Q/Q Growth Statistics
High Average Low
24.34 %
3.37 %
-28.56 %
 

Revenue TTM Y/Y Growth Company Ranking
Within: No.
Semiconductors Industry # 39
Technology Sector # 107
Overall # 978

Revenue TTM Y/Y Growth Statistics
High Average Low
82.77 %
17.49 %
-40.29 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 39
Sector # 204
S&P 500 # 1364
Cumulative Revenue growth Comment
Micron Technology Inc 's cumulative 12 months Revenue continue to drop, but on the faster rate at -26.01% year on year, at Mar 02 2023 compare to the -8.32% decrease at Dec 01 2022. If the Micron Technology Inc 's fiscal year would end at Mar 02 2023, annual Revenue would be $23,063 millions.

In the Technology sector 106 other companies have achieved higher trailing twelve month Revenue growth. While Total ranking has impoved so far to 978, from total ranking in previous quarter at 1300.

Revenue TTM Q/Q Growth Statistics
High Average Low
24.34 %
3.37 %
-28.56 %
 


Revenue TTM Y/Y Growth Company Ranking
Within: No.
Semiconductors Industry # 39
Technology Sector # 107
Overall # 978

Revenue TTM Y/Y Growth Statistics
High Average Low
82.77 %
17.49 %
-40.29 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 39
Sector # 204
S&P 500 # 1364




Other Revenue Growth
Semiconductors Industry Revenue Growth Trends and Statistics
Technology Sector Revenue Growth Statistics
Revenue Growth Trends for overall market
MU's Revenue Growth Ratio versus Semiconductors Industry, Technology Sector and total Market
Highest Ranking Revenue Growth
Lowest Ranking Revenue Growth
Revenue Growth for MU's Competitors
Revenue Growth for Micron Technology Inc 's Suppliers
Revenue 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 Revenue drop for the quarter ending Mar 02 2023 within Technology SectorY/Y Change %Revenue for the quarter ending Mar 02 2023
Cognizant Technology Solutions Corporation-0.29%$ -0.290 millions
Bridgeline Digital Inc -0.56%$ -0.559 millions
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Expensify Inc -0.67%$ -0.666 millions
American Virtual Cloud Technologies Inc -0.76%$ -0.757 millions
Tucows Inc-0.82%$ -0.825 millions
Freeze Tag Inc -0.88%$ -0.881 millions
Actelis Networks Inc -1.07%$ -1.071 millions
Marathon Digital Holdings Inc -1.13%$ -1.133 millions
Cts Corporation-1.15%$ -1.152 millions
Commvault Systems Inc-1.20%$ -1.200 millions
Black Knight inc -1.29%$ -1.291 millions
Everquote Inc -1.32%$ -1.320 millions
Match Group Inc -1.44%$ -1.441 millions
Leafly Holdings Inc -1.50%$ -1.497 millions
One Stop Systems Inc -1.59%$ -1.588 millions
Taskus Inc -1.82%$ -1.825 millions
Upland Software Inc -2.11%$ -2.109 millions
Viant Technology Inc -2.13%$ -2.132 millions
Rackspace Technology Inc -2.17%$ -2.166 millions
Amesite Inc -2.35%$ -2.353 millions
Nextdoor Holdings Inc -2.41%$ -2.410 millions
Grom Social Enterprises Inc -2.56%$ -2.557 millions
Soundthinking Inc -2.80%$ -2.800 millions
Avid Technology Inc -2.82%$ -2.820 millions
Playtika Holding Corp -3.06%$ -3.058 millions
Diodes Inc-3.09%$ -3.087 millions
Immersion Corporation-3.20%$ -3.202 millions
Veritec Inc -3.33%$ -3.333 millions
Roper Technologies Inc -3.73%$ -3.727 millions




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