Micron Technology Inc (MU)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 778,000 | -1,539,000 | -3,767,000 | -6,872,000 | -5,833,000 | -2,911,000 | 1,611,000 | 6,186,000 | 8,687,000 | 9,915,000 | 9,024,000 | 7,364,000 | 5,861,000 | 4,129,000 | 3,197,000 | 2,999,000 | 2,687,000 | 2,260,000 | 2,297,000 | 3,511,000 |
| 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 |
| Net profit margin | 3.09% | -7.37% | -16.45% | -33.01% | -28.79% | -12.66% | 7.04% | 22.92% | 28.47% | 30.85% | 29.19% | 25.07% | 21.28% | 16.31% | 13.71% | 13.71% | 12.62% | 11.22% | 11.77% | 17.07% |
August 29, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $778,000K ÷ $25,154,000K
= 3.09%
The net profit margin of Micron Technology Inc has varied significantly over the past several quarters.
In the most recent quarter, the net profit margin stood at 3.09%, indicating that the company retained approximately 3.09% of its revenue as net profit after all expenses were deducted. This represents a positive trend compared to the previous quarter, where the net profit margin was negative at -7.37%.
Looking further back, there is a notable fluctuation in the net profit margin, ranging from a high of 30.85% in June 2022 to a low of -33.01% in November 2023. The company's profitability seems to have experienced substantial swings, with periods of high profitability followed by significant declines.
Overall, the net profit margin of Micron Technology Inc appears to be volatile, suggesting fluctuations in the company's cost structure, pricing strategy, or operational efficiency. Investors and stakeholders may want to closely monitor the company's financial performance and assess the factors driving these fluctuations in profitability.
Peer comparison
Aug 29, 2024