Company profile

Sanjay Mehrotra
Incorporated in
Fiscal year end
IRS number

MU stock data

FINRA relative short interest over last month (20 trading days) ?


26 Mar 20
6 Apr 20
3 Sep 20


Company financial data Financial data

Quarter (USD) Feb 20 Nov 19 Aug 19 May 19
Revenue 4.8B 5.14B 4.87B 4.79B
Net income 405M 491M 561M 840M
Diluted EPS 0.36 0.43 0.49 0.74
Net profit margin 8.44% 9.55% 11.52% 17.54%
Operating income 440M 518M 650M 1.01B
Net change in cash 149M -183M 2B -1.2B
Cash on hand 7.12B 6.97B 7.15B 5.16B
Cost of revenue 3.44B 3.78B 3.48B 2.96B
Annual (USD) Aug 19 Aug 18 Aug 17 Sep 16
Revenue 23.41B 30.39B 20.32B 12.4B
Net income 6.31B 14.14B 5.09B -276M
Diluted EPS 5.51 11.51 4.41 -0.27
Net profit margin 26.97% 46.51% 25.04% -2.23%
Operating income 7.38B 14.99B 5.87B 168M
Net change in cash 646M 1.4B 969M 1.85B
Cash on hand 7.15B 6.51B 5.11B 4.14B
Cost of revenue 12.7B 12.5B 11.89B 9.89B

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
26 Mar 20 Arnzen April S Common Stock Sell Dispose S 45 4,441 199.85K 75,596
25 Feb 20 Arnzen April S Common Stock Sell Dispose S 54.75 4,400 240.9K 80,037
19 Feb 20 David Zinsner Common Stock Payment of exercise Dispose F 57.75 3,782 218.41K 115,203
24 Jan 20 Arnzen April S Common Stock Sell Dispose S 60 4,400 264K 83,880
7 Jan 20 Joel L Poppen Common Stock Sell Dispose S 56.965 20,000 1.14M 281,395
7 Jan 20 Joel L Poppen Common Stock Option exercise Aquire M 23.12 20,000 462.4K 301,395
7 Jan 20 Joel L Poppen NQSO Common Stock Option exercise Dispose M 23.12 20,000 462.4K 0

Financial report summary

  • Volatility in average selling prices for our semiconductor memory and storage products may adversely affect our business.
  • We may be unable to maintain or improve gross margins.
  • The semiconductor memory and storage markets are highly competitive.
  • We may be unable to generate sufficient cash flows or obtain access to external financing necessary to fund our operations, make scheduled debt payments, and make adequate capital investments.
  • Increases in tariffs or other trade restrictions or taxes on our or our customers' products or equipment and supplies could have an adverse impact on our operations.
  • U.S. trade regulations have restricted our ability to sell our products to a significant customer and could restrict our ability to sell our products to other customers.
  • Our future success depends on our ability to develop and produce competitive new memory and storage technologies.
  • A significant portion of our revenue is concentrated with a select number of customers.
  • We face risks associated with our international sales and operations that could materially adversely affect our business, results of operations, or financial condition.
  • We have been served with complaints in Chinese courts alleging patent infringement.
  • We are subject to allegations of anticompetitive conduct.
  • Our business, results of operations, or financial condition could be adversely affected by the limited availability and quality of materials, supplies, and capital equipment, or the dependency on third-party service providers.
  • New product and market development may be unsuccessful.
  • Increases in sales of system solutions may increase our dependency upon specific customers and our costs to develop and qualify our system solutions.
  • Products that fail to meet specifications, are defective, or that are otherwise incompatible with end uses could impose significant costs on us.
  • We may be unable to protect our intellectual property or retain key employees who are knowledgeable of and develop our intellectual property.
  • Claims that our products or manufacturing processes infringe or otherwise violate the intellectual property rights of others, or failure to obtain or renew license agreements covering such intellectual property, could materially adversely affect our business, results of operations, or financial condition.
  • Litigation could have a material adverse effect on our business, results of operations, or financial condition.
  • We are subject to allegations of securities violations and related wrongful acts.
  • If our manufacturing process is disrupted by operational issues, natural disasters, or other events, our business, results of operations, or financial condition could be materially adversely affected.
  • A downturn in the worldwide economy may harm our business.
  • Breaches of our security systems, or those of our customers, suppliers, or business partners, could expose us to losses.
  • Our joint ventures and strategic relationships involve numerous risks.
  • Debt obligations could adversely affect our financial condition.
  • We must attract, retain, and motivate highly skilled employees.
  • We may incur additional tax expense or become subject to additional tax exposure.
  • A change in tax laws in key jurisdictions could materially increase our tax expense.
  • Our incentives from various governments are conditional upon achieving or maintaining certain performance obligations and are subject to reduction, termination, or clawback.
  • We may make future acquisitions and/or alliances, which involve numerous risks.
  • Changes in foreign currency exchange rates could materially adversely affect our business, results of operations, or financial condition.
  • We may incur additional restructuring charges in future periods.
  • Compliance with customer and responsible sourcing requirements and related regulations could limit the supply and increase the cost of certain materials, supplies, and services used in manufacturing our products.
  • We and others are subject to a variety of laws and regulations that may result in additional costs and liabilities.
  • We are subject to counterparty default risks.
  • The operations of MMJ are subject to continued oversight by the Tokyo District Court during the pendency of the corporate reorganization proceedings.
Management Discussion
  • This discussion should be read in conjunction with the consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended August 29, 2019. All period references are to our fiscal periods unless otherwise indicated. Our fiscal year is the 52 or 53-week period ending on the Thursday closest to August 31. Fiscal year 2020 contains 53 weeks and the fourth quarter of 2020 will contain 14 weeks. All tabular dollar amounts are in millions, except per share amounts.
  • Micron Technology, Inc., including its consolidated subsidiaries, is an industry leader in innovative memory and storage solutions. Through our global brands — Micron® and Crucial® — our broad portfolio of high-performance memory and storage technologies, including DRAM, NAND, 3D XPoint memory, and NOR, is transforming how the world uses information to enrich life. Backed by more than 40 years of technology leadership, our memory and storage solutions enable disruptive trends, including artificial intelligence, 5G, machine learning, and autonomous vehicles, in key market segments like mobile, data center, client, consumer, industrial, graphics, automotive, and networking.
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H.S. freshman Good
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