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Micron Technology, Inc. (Nasdaq: MU) today announced results for its third quarter of fiscal 2024, which ended May 30, 2024.
Fiscal Q3 2024 highlights
Investments in capital expenditures, net were $2.06 billion for the third quarter of 2024, which resulted in adjusted free cash flows of $425 million. Micron ended the third quarter of 2024 with cash, marketable investments, and restricted cash of $9.22 billion. On June 26, 2024, Micron's Board of Directors declared a quarterly dividend of $0.115 per share, payable in cash on July 23, 2024, to shareholders of record as of the close of business on July 8, 2024.
Business Outlook
The following table presents Micron's guidance for the fourth quarter of 2024:
View at TechPowerUp Main Site | Source
Fiscal Q3 2024 highlights
- Revenue of $6.81 billion versus $5.82 billion for the prior quarter and $3.75 billion for the same period last year
- GAAP net income of $332 million, or $0.30 per diluted share
- Non-GAAP net income of $702 million, or $0.62 per diluted share
- Operating cash flow of $2.48 billion versus $1.22 billion for the prior quarter and $24 million for the same period last year
Investments in capital expenditures, net were $2.06 billion for the third quarter of 2024, which resulted in adjusted free cash flows of $425 million. Micron ended the third quarter of 2024 with cash, marketable investments, and restricted cash of $9.22 billion. On June 26, 2024, Micron's Board of Directors declared a quarterly dividend of $0.115 per share, payable in cash on July 23, 2024, to shareholders of record as of the close of business on July 8, 2024.
Business Outlook
The following table presents Micron's guidance for the fourth quarter of 2024:
View at TechPowerUp Main Site | Source