Executive Summary
Micron Technology’s QQ4 2024 results reflect a robust rebound in profitability and cash generation within a cyclical memory market. Revenue of $7.75 billion marked a 63.99% year-over-year expansion, while gross margin held at approximately 35.3%. The company generated $3.405 billion of operating cash flow and delivered free cash flow of $285 million, underscoring meaningful liquidity generation even as capital expenditure remained elevated at roughly $3.12 billion. Net income of $887 million and diluted EPS of $0.79–$0.80 signify a constructive bottom-line trajectory supported by improving demand in data-center and cloud environments, alongside favorable pricing dynamics for DRAM and NAND in the period.
Key Performance Indicators
QoQ: 0.00% | YoY:7 920.00%
Key Insights
Revenue: 7.75B (YoY +63.99%, QoQ +0.00%); Gross Profit: 2.737B, Gross Margin 35.32%; Operating Income: 1.522B, Operating Margin 19.64%; Net Income: 0.887B, Net Margin 11.45%; EPS (diluted): 0.79–0.80; EBITDA: 3.632B; Cash from Operations: 3.405B; Capex: 3.12B; Free Cash Flow: 0.285B; Cash and Cash Equivalents: 7.041B; Total Assets: 69.416B; Total Liabilities: 24.285B; Shareholders’ Equity: 45.131B; Net Debt: 4.302B; Current Ratio: 2.64; Quick Ratio: 1.676; Cash Ratio: 0.761; DSO: 76.8 days; ...
Financial Highlights
Revenue: 7.75B (YoY +63.99%, QoQ +0.00%); Gross Profit: 2.737B, Gross Margin 35.32%; Operating Income: 1.522B, Operating Margin 19.64%; Net Income: 0.887B, Net Margin 11.45%; EPS (diluted): 0.79–0.80; EBITDA: 3.632B; Cash from Operations: 3.405B; Capex: 3.12B; Free Cash Flow: 0.285B; Cash and Cash Equivalents: 7.041B; Total Assets: 69.416B; Total Liabilities: 24.285B; Shareholders’ Equity: 45.131B; Net Debt: 4.302B; Current Ratio: 2.64; Quick Ratio: 1.676; Cash Ratio: 0.761; DSO: 76.8 days; DIO: 159.3 days; CCC: 187.2 days; P/E: 29.89x; P/BV: 2.35x; P/S: 13.68x; EV/EBITDA: 31.12x; Dividend Yield: 0.12%
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
7.75B |
63.99% |
0.00% |
| Gross Profit |
2.74B |
7 920.00% |
0.00% |
| Operating Income |
1.52B |
234.93% |
0.00% |
| Net Income |
887.00M |
171.88% |
0.00% |
| EPS |
0.80 |
171.43% |
0.00% |
Key Financial Ratios
operatingProfitMargin
19.6%
operatingCashFlowPerShare
$3.07
freeCashFlowPerShare
$0.26
dividendPayoutRatio
14.5%
Management Commentary
No earnings call quotes were provided in the available data set (earningsTranscript is empty). Consequently, transcript-based themes, quotes, and management tone cannot be quoted directly. When available, themes would typically cover strategy (memory-stack optimization, cost discipline), operations (capacity utilization, supply/demand balance), and market conditions (cloud/Data Center demand, AI memory tailwinds).
Forward Guidance
No explicit forward guidance was included in the provided data. Given the cyclicality of the memory market and ongoing industry dynamics, investors should monitor: (1) DRAM/NAND pricing and utilization trends, (2) demand trajectory from hyperscale data centers and AI workloads, (3) capex cadence and wafer allocation from Micron’s manufacturing footprint, and (4) balance sheet liquidity and debt maturity profile. In the absence of formal guidance, the QQ4 result implies a constructive near-term trajectory if the memory market stabilizes and demand from cloud and AI segments remains resilient.