MU Q4 2024 Earnings — Income Statement Breakdown
For its Q4 2024 period (ending 2024-08-29), MU reported revenue of $7.8B, gross profit of $2.7B (35.3% gross margin), operating income of $1.5B, and net income of $887M (11.4% net margin). The flow of revenue into costs and profit is visualized below.
What changed
MU was profitable; revenue grew 93.3% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +93.3% | +115.2% | +156.9 pp |
| Quarter over quarter | +13.8% | +913.8% | +13.0 pp |
Consensus estimate data is not available for this report.
MU Q4 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $7.8B | 100% |
| Cost of Revenue | −$5.0B | 64.7% |
| Gross Profit | $2.7B | 35.3% |
| Research & Development | −$903M | 11.7% |
| Selling, General & Administrative | −$295M | 3.8% |
| Other Operating Expenses | −$17M | 0.2% |
| Operating Income | $1.5B | 19.6% |
| Interest Expense | −$136M | 1.8% |
| Other Income, net | $124M | 1.6% |
| Income Tax Expense | −$623M | 8.0% |
| Net Income | $887M | 11.4% |
Source: original SEC filing (filed 2024-09-25). Accession 0000723125-24-000023. Data normalized by EarningsFyi.