Micron Technology Inc (MU)
Gross profit margin
| Aug 29, 2024 | May 30, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | Jun 1, 2023 | Mar 2, 2023 | Dec 1, 2022 | Sep 1, 2022 | Jun 2, 2022 | Mar 3, 2022 | Dec 2, 2021 | Sep 2, 2021 | Jun 3, 2021 | Mar 4, 2021 | Dec 3, 2020 | Sep 3, 2020 | May 28, 2020 | Feb 27, 2020 | Nov 28, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 5,613,000 | 2,441,000 | -59,000 | -2,344,000 | -1,416,000 | 1,641,000 | 6,344,000 | 11,226,000 | 13,898,000 | 15,188,000 | 14,279,000 | 12,252,000 | 10,423,000 | 8,579,000 | 7,216,000 | 6,922,000 | 6,552,000 | 5,879,000 | 5,944,000 | 7,453,000 |
| Revenue (ttm) | US$ in thousands | 25,154,000 | 20,871,000 | 22,897,000 | 20,821,000 | 20,261,000 | 22,995,000 | 22,873,000 | 26,991,000 | 30,516,000 | 32,144,000 | 30,916,000 | 29,379,000 | 27,545,000 | 25,310,000 | 23,319,000 | 21,874,000 | 21,286,000 | 20,140,000 | 19,514,000 | 20,570,000 |
| Gross profit margin | 22.31% | 11.70% | -0.26% | -11.26% | -6.99% | 7.14% | 27.74% | 41.59% | 45.54% | 47.25% | 46.19% | 41.70% | 37.84% | 33.90% | 30.94% | 31.64% | 30.78% | 29.19% | 30.46% | 36.23% |
August 29, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $5,613,000K ÷ $25,154,000K
= 22.31%
The gross profit margin for Micron Technology Inc has shown variability over the past several quarters. In the most recent quarter, ending on August 29, 2024, the gross profit margin stood at 22.31%, indicating that the company retained approximately 22.31 cents from each dollar of revenue after accounting for the cost of goods sold.
The trend in the gross profit margin fluctuated significantly over the analyzed period, with some quarters showing strong performance, such as in December 2022 (41.59%) and September 2022 (45.54%), while other quarters exhibited lower margins, with the largest decline in performance seen in November 2023 (-11.26%) and February 2024 (-0.26%).
The overall pattern indicates that there have been fluctuations in the company's ability to generate profits from its core operations, potentially influenced by factors such as changes in raw material costs, production efficiency, pricing strategies, or competitive pressures. Further analysis of the underlying reasons behind these fluctuations would be necessary to provide a more precise assessment of Micron Technology Inc's gross profit margin performance.
Peer comparison
Aug 29, 2024