MU · News · 20260817N
Net Income and Profitability
MICRON TECHNOLOGY INC · 2026-08-17 · Importance 69 · Surprise 64 · No source text
Micron earned $8.7 billion in fiscal 2022 before reporting a $5.8 billion loss in fiscal 2023. Fiscal 2023 revenue nearly halved from the prior year, indicating a severe memory-cycle downturn. Trailing-12-month net income was reported at $50.5 billion, nearly six times the fiscal 2022 peak.
Key facts
- Micron earned $8.7 billion in fiscal 2022, then lost $5.8 billion in fiscal 2023 as revenue nearly halved. source
- The company's net income over the trailing 12 months is $50.5 billion, nearly six times its fiscal 2022 peak. source
- After trading as low as $739 on July 29, the Micron stock price shot back up to $979.64 on Aug. 14. source
- Micron Technology, Inc. stock is exhibiting a strong bullish trend, closing at $971.66 and approaching the $1,000 psychological level. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | realized | +100.8% | The company's net income over the trailing 12 months is $50.5 billion, nearly six times its fiscal 2022 peak. |
| net_income | negative | realized | -35.0% | Micron earned $8.7 billion in fiscal 2022, then lost $5.8 billion in fiscal 2023 as revenue nearly halved. |