MU Q4 2023 Earnings — Income Statement Breakdown
For its Q4 2023 period (ending 2023-08-31), MU reported revenue of $4.0B, gross profit of $435M (-10.8% gross margin), operating income of −$1.5B, and net income of −$5.8B (-145.5% net margin). The flow of revenue into costs and profit is visualized below.
What changed
MU reported a net loss; no comparable cached period is available.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | Not available | Not available | Not available |
Consensus estimate data is not available for this report.
MU Q4 2023 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $4.0B | 100% |
| Cost of Revenue | −$4.4B | 110.8% |
| Gross Profit | −$435M | -10.8% |
| Research & Development | −$719M | 17.9% |
| Selling, General & Administrative | −$219M | 5.5% |
| Other Operating Expenses | −$106M | 2.6% |
| Operating Income | −$1.5B | -36.7% |
| Other Income, net | −$4.4B | 109.4% |
| Income Tax Expense | $24M | 0.6% |
| Net Income | −$5.8B | -145.5% |
Source: original SEC filing (filed 2023-09-27). Accession 0000723125-23-000051. Data normalized by EarningsFyi.