Micron Technology misses expectations, reducing headcount by 10% through 2023
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Micron Technology, Inc. Reports Results for the First Quarter of Fiscal 2023
December 21, 2022 4:03 PM ESTMicron navigates industry conditions with supply cuts and expense reductions
BOISE, Idaho, Dec. 21, 2022 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced results for its first quarter of fiscal 2023, which ended December 1, 2022.
Fiscal Q1 2023 highlights
Revenue of $4.09 billion versus $6.64 billion for the prior quarter and $7.69 billion for the same period last yearGAAP net loss of $195 million, or $0.18 per diluted shareNon-GAAP net loss of $39 million, or $0.04 per diluted shareOperating cash flow of $943 million versus $3.78 billion for... MoreMicron Technology, Inc. Reports Results for the First Quarter of Fiscal 2023
December 21, 2022 4:02 PM ESTBOISE, Idaho, Dec. 21, 2022 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced results for its first quarter of fiscal 2023, which ended December 1, 2022.
Fiscal Q1 2023 highlights
Revenue of $4.09 billion versus $6.64 billion for the prior quarter and $7.69 billion for the same period last yearGAAP net loss of $195 million, or $0.18 per diluted shareNon-GAAP net loss of $39 million, or $0.04 per diluted shareOperating cash flow of $943 million versus $3.78 billion for the prior quarter and $3.94 billion for the same period last yearMicron... More
