Analysis of Revenues
Revenues as Reported
Micron Technology Inc., income statement, revenues
US$ in millions
Based on: 10-K (reporting date: 2025-08-28), 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).
- Overall Revenue Trends
- The total revenue demonstrated significant fluctuations over the periods analyzed, with an initial growth phase from 21,435 million USD to a peak of 30,758 million USD by the third fiscal year. This was followed by a sharp decline to 15,540 million USD in the subsequent year, before recovering strongly to 37,378 million USD by the latest period, indicating a volatile but overall upward trajectory by the end of the timeframe.
- DRAM Revenue Analysis
- Memory revenue from DRAM showed a broadly upward trend with notable volatility. Starting at 14,510 million USD, DRAM revenue peaked at 22,386 million USD before a substantial drop to 10,978 million USD occurred. This was followed by a recovery to 28,578 million USD, the highest value in the series, suggesting that DRAM remains a dominant contributor to revenue despite cyclical demand or pricing pressures.
- NAND Revenue Analysis
- The NAND segment experienced steady growth with some variability. The revenue increased from 6,131 million USD initially, rising to 7,811 million USD, then dipping to 4,206 million USD before climbing back to 8,503 million USD. This pattern suggestsSeasonal or market-related fluctuations but overall positive performance and resilience in this business line.
- Other Memory Products (Primarily NOR)
- This category exhibited a consistent decline over the years, starting at 794 million USD and decreasing progressively to 297 million USD in the final period. This trend indicates a diminishing contribution from NOR and related product lines, possibly reflecting changes in product demand or strategic shifts away from this segment.
- Segment Contributions Relative to Total Revenue
- DRAM consistently represented the largest share of revenue within the memory product portfolio, followed by NAND. While NAND showed growth, its proportion relative to total revenue was less dominant. The decline in the "Other" segment further emphasized the concentration of revenue in the DRAM and NAND categories. The sharp fluctuations in total revenue appear to be heavily influenced by the variability in the DRAM segment.
- Insights on Revenue Volatility
- The periods of sharp revenue declines, particularly noticeable in the fourth fiscal year across all segments, suggest the presence of external market factors or internal challenges affecting performance. The subsequent recoveries indicate resilience and potential market opportunities seized by the company. The final recorded values for the latest period are the highest across the dataset, suggesting strong growth momentum and recovery.