Micron recently announced the fourth fiscal quarter of 2023 (as of August 31, 2023) and fiscal year 2023 performance data, fiscal quarter revenue of $ 4.01 billion (currently about RMB 29.273 billion), compared with the last quarter of $ 3.75 billion a small increase in the ring of 7% growth than the previous quarter of $ 3.75 billion, higher than the market 3.93 billion. It was up 7% sequentially from the previous quarter’s $3.75 billion, beating market expectations of $3.93 billion, and down 40% year-over-year from the $6.64 billion recorded in the same period last fiscal year.
GAAP net loss for the fourth quarter was approximately $1.43 billion (currently approximately RMB 10.439 billion), compared to net income of $1.49 billion for the same period last fiscal year; diluted loss per share was $1.31; and cash flow from operations was $249 million, compared to $24 million in the prior quarter and $3.78 billion in the same period last fiscal year.
For the full fiscal year 2023, Micron reported revenue of $15.54 billion (currently approximately RMB113.442 billion), compared to $30.76 billion in the prior year; GAAP net loss of $5.83 billion (currently approximately RMB42.559 billion), or $5.34 per diluted share; non-GAAP net loss of $4.86 billion, or $4.45 per diluted share; and operating cash flow of $1.56 billion. Non-GAAP net loss of $4.86 billion, or $4.45 per diluted share; and operating cash flow of $1.56 billion, compared to $15.18 billion in the prior year.
Sanjay Mehrotra, president and chief executive officer of Micron Technology, said, “In fiscal 2023, Micron acted decisively on supply and cost in a challenging environment for the memory and storage industry. With increased demand and tight supply, our 2023 results set us up well for a market recovery in 2024. As AI surges from the data center to the edge, we look forward to setting industry TAM revenue records in 2025.”
