06.27.19
Micron Technology, Inc. announced results for its third quarter of fiscal 2019, which ended May 30, 2019.
Micron reported revenue of $4.79 billion versus $7.80 billion for the same period last year. GAAP net income was $840 million, or $0.74 per diluted share;
Non-GAAP net income of $1.20 billion, or $1.05 per diluted share. The company also reported operating cash flow of $2.71 billion versus $4.26 billion for the same period last year.
“Micron’s improved competitive position and strong execution helped us deliver solid results despite a challenging environment,” said Sanjay Mehrotra, Micron Technology president and CEO. “While we are seeing early signs of demand improvement, we plan to reduce our capital expenditures in fiscal 2020 to help improve industry supply-demand balance.”
Micron reported revenue of $4.79 billion versus $7.80 billion for the same period last year. GAAP net income was $840 million, or $0.74 per diluted share;
Non-GAAP net income of $1.20 billion, or $1.05 per diluted share. The company also reported operating cash flow of $2.71 billion versus $4.26 billion for the same period last year.
“Micron’s improved competitive position and strong execution helped us deliver solid results despite a challenging environment,” said Sanjay Mehrotra, Micron Technology president and CEO. “While we are seeing early signs of demand improvement, we plan to reduce our capital expenditures in fiscal 2020 to help improve industry supply-demand balance.”
