Analysis of Revenues
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- Balance Sheet: Assets
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Reportable Segments
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Net Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Total Asset Turnover since 2005
- Price to Sales (P/S) since 2005
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Revenues as Reported
Micron Technology Inc., income statement, revenues
US$ in millions
| 12 months ended: | Aug 29, 2024 | Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | Aug 29, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DRAM | |||||||||||||
| NAND | |||||||||||||
| Other, primarily NOR | |||||||||||||
| Revenue |
Based on: 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29).
- DRAM Revenue Trends
- The DRAM segment experienced fluctuations over the analyzed periods. Initially, revenue decreased slightly from 15,247 million USD in 2019 to 14,510 million USD in 2020, followed by a significant increase reaching 22,386 million USD by 2022. However, there was a substantial decline to 10,978 million USD in 2023, before rebounding to 17,603 million USD in 2024. This pattern indicates volatility, with notable recovery after the dip in 2023.
- NAND Revenue Trends
- Revenue from NAND showed a generally cyclical pattern with less pronounced fluctuations compared to DRAM. Starting at 6,946 million USD in 2019, revenue decreased to 6,131 million in 2020, then increased modestly to 7,811 million USD in 2022. Similarly to DRAM, 2023 saw a significant decline to 4,206 million USD, followed by a recovery to 7,227 million USD in 2024. The recovery in 2024 nearly restored revenue to pre-2023 levels.
- Other, Primarily NOR Revenue Trends
- The category labeled "Other, primarily NOR" exhibits a continuous downward trend over the entire period. Revenue decreased steadily from 1,213 million USD in 2019 to 281 million USD in 2024, indicating a sustained contraction in this segment.
- Total Revenue Trends
- Total revenue mirrored the trends seen in the major segments. Overall revenue declined from 23,406 million USD in 2019 to 21,435 million USD in 2020, then increased significantly to a peak of 30,758 million USD in 2022. This was followed by a sharp decrease to 15,540 million USD in 2023. The final data point for 2024 shows a substantial recovery to 25,111 million USD, although it remains below the 2022 peak. The wide fluctuations in total revenue are largely driven by the variability in DRAM and NAND segments, while the continuous decrease in the "Other" segment marginally contributed to the decline.
- Summary of Observations
- The data reflects a period marked by considerable volatility in memory product revenues, with a significant impact evident in both DRAM and NAND markets. The sharp downturn in 2023 across all main categories resulted in a pronounced drop in total revenue, followed by a notable recovery in 2024. The contraction in the "Other" segment suggests a possible strategic shift or market decline for those products. The analysis highlights the cyclical nature of the business and the sensitivity of revenues to market conditions during the reported years.