Micron Technology, Inc., Reports Results for the Fourth Quarter and Full Year of Fiscal 2018
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Fiscal Q4 2018 highlights
Revenues of $8.44 billion, up 38 percent compared with the same period last year
GAAP net income of $4.33 billion, or $3.56 per diluted share
Non-GAAP net income of $4.31 billion, or $3.53 per diluted share
Operating cash flow of $5.16 billion, compared with $3.20 billion for the same period last year
Fiscal 2018 highlights
Revenues of $30.39 billion, up 50 percent compared with the prior fiscal year
GAAP net income of $14.14 billion, or $11.51 per diluted share
Non-GAAP net income of $14.70 billion, or $11.95 per diluted share
Operating cash flow of $17.40 billion, compared with $8.15 billion for the prior fiscal year
"Micron delivered an exceptional fourth quarter and capped record fiscal year results by becoming the second largest semiconductor company in the U.S.," said Sanjay Mehrotra, President and CEO of Micron Technology. "In the fourth quarter, we set revenue records across all our major markets, from automotive and industrial to mobile and cloud datacenters. The secular and diversified growth drivers in our industry combined with accelerating pace of transformation of the new Micron form a tremendous catalyst for us to create enduring value for our customers and investors in 2019 and the years ahead." |
