Micron Technology Inc (MU)
Gross profit margin
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | Aug 29, 2024 | May 31, 2024 | May 30, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | Jun 1, 2023 | May 31, 2023 | Mar 2, 2023 | Feb 28, 2023 | Dec 1, 2022 | Nov 30, 2022 | Sep 1, 2022 | Aug 31, 2022 | Jun 2, 2022 | May 31, 2022 | Mar 3, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 11,785,000 | 10,654,000 | 9,138,000 | 7,480,000 | 4,708,000 | 2,441,000 | -59,000 | -1,806,000 | -2,977,000 | -3,748,000 | -2,187,000 | -626,000 | 3,202,000 | 7,030,000 | 10,172,000 | 13,314,000 | 14,368,000 | 15,422,000 | 14,952,000 | 14,482,000 |
| Revenue (ttm) | US$ in thousands | 32,684,000 | 31,442,000 | 29,432,000 | 27,506,000 | 24,060,000 | 21,259,000 | 23,285,000 | 21,213,000 | 20,100,000 | 19,783,000 | 15,092,000 | 15,425,000 | 18,435,000 | 21,385,000 | 25,954,000 | 30,511,000 | 31,619,000 | 32,762,000 | 31,718,000 | 30,763,000 |
| Gross profit margin | 36.06% | 33.88% | 31.05% | 27.19% | 19.57% | 11.48% | -0.25% | -8.51% | -14.81% | -18.95% | -14.49% | -4.06% | 17.37% | 32.87% | 39.19% | 43.64% | 45.44% | 47.07% | 47.14% | 47.08% |
February 28, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $11,785,000K ÷ $32,684,000K
= 36.06%
The gross profit margin of Micron Technology Inc has shown a varied trend over the analyzed period. In the initial months of March 2022 and May 2022, the gross profit margin was relatively stable at around 47%. However, there was a slight decline in June 2022 to 47.07%.
Moving forward, there was a noticeable decrease in the gross profit margin in August 2022 to 45.44%, and a further decline in September 2022 to 43.64%. The trend continued downwards with substantial drops in November 2022 to 39.19% and in December 2022 to 32.87%.
The most significant shift occurred in February 2023, with the gross profit margin plunging to -4.06% and subsequently turning negative in the following months until August 2023. The company experienced a substantial negative gross profit margin, hitting a low of -18.95% in June 2023.
However, the gross profit margin started to recover in November 2023, reaching -8.51%. The positive trend continued with notable improvements in the following months, reaching 36.06% in February 2025.
The fluctuation in the gross profit margin suggests that Micron Technology Inc faced challenges in maintaining profitability during certain periods but eventually managed to recover and improve its performance. Investors and stakeholders should closely monitor this key financial metric to assess the company's ability to generate profit from its core business operations.
Peer comparison
Feb 28, 2025