Micron Technology, Inc. (MU) FY2024 Annual P&L / Income Statement

Micron Technology, Inc. (MU) FY2024 Annual P&L / Income Statement

Income statement for 2023-09-01 through 2024-08-29. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Revenue

25,111,000,000 US dollars

Cost of goods sold

19,498,000,000 US dollars

Gross margin

5,613,000,000 US dollars

Operating costs, net of other operating income (calculated)

4,309,000,000 US dollars

Operating income (loss)

1,304,000,000 US dollars

Other income (expense), net (calculated)

negative 64,000,000 US dollars

Income (loss) before income taxes and equity in net income (loss) of equity method investees

1,240,000,000 US dollars

Income tax (provision) benefit

451,000,000 US dollars

Net income (loss)

778,000,000 US dollars

DRAM Products

17,603,000,000 US dollars

NAND Products

7,227,000,000 US dollars

Other (primarily NOR)

281,000,000 US dollars

Research and development

3,430,000,000 US dollars

Selling, general, and administrative

1,129,000,000 US dollars

Restructure and asset impairments

1,000,000 US dollars

Other operating (income) expense, net

negative 251,000,000 US dollars

Equity in net income (loss) of equity method investees

negative 11,000,000 US dollars. Reported below-tax contribution to net income.

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.