Micron reported revenue of $5.84 billion compared to $7.35 billion for the same period last year. GAAP net income was $1.62 billion, or $1.42 per diluted share. Non-GAAP net income was $1.97 billion, or $1.71 per diluted share. Operating cash flow was $3.44 billion versus $4.35 billion for the same period last year.
“Micron continues to execute well across a range of product, operational and financial initiatives against the backdrop of a challenging market environment,” said Sanjay Mehrotra, Micron Technology president and CEO.