Analysis of Reportable Segments
Micron Technology Inc. operates in 4 segments: Compute and Networking Business Unit (CNBU); Mobile Business Unit (MBU); Embedded Business Unit (EBU); and Storage Business Unit (SBU).
Segment Profit Margin
Micron Technology Inc., profit margin by reportable segment
| Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | Aug 29, 2019 | Aug 30, 2018 | |
|---|---|---|---|---|---|---|
| Compute and Networking Business Unit (CNBU) | -10.25% | 42.68% | 34.98% | 21.89% | 46.60% | 64.08% |
| Mobile Business Unit (MBU) | -48.21% | 29.75% | 30.17% | 18.84% | 40.70% | 46.10% |
| Embedded Business Unit (EBU) | 10.50% | 33.47% | 23.90% | 10.91% | 29.42% | 42.34% |
| Storage Business Unit (SBU) | -73.91% | 11.27% | 4.35% | 0.96% | -10.09% | 19.20% |
Based on: 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), 10-K (reporting date: 2018-08-30).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Compute and Networking Business Unit (CNBU) | Compute and Networking Business Unit (CNBU) segment profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
| Mobile Business Unit (MBU) | Mobile Business Unit (MBU) segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. | |
| Embedded Business Unit (EBU) | Embedded Business Unit (EBU) segment profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. | |
| Storage Business Unit (SBU) | Storage Business Unit (SBU) segment profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Segment Profit Margin: Compute and Networking Business Unit (CNBU)
Micron Technology Inc.; Compute and Networking Business Unit (CNBU); segment profit margin calculation
| Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | Aug 29, 2019 | Aug 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Operating income (loss) | (585) | 5,844) | 4,295) | 2,010) | 4,645) | 9,773) |
| Revenue | 5,710) | 13,693) | 12,280) | 9,184) | 9,968) | 15,252) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | -10.25% | 42.68% | 34.98% | 21.89% | 46.60% | 64.08% |
Based on: 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), 10-K (reporting date: 2018-08-30).
1 2023 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Revenue
= 100 × -585 ÷ 5,710 = -10.25%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Compute and Networking Business Unit (CNBU) | Compute and Networking Business Unit (CNBU) segment profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Segment Profit Margin: Mobile Business Unit (MBU)
Micron Technology Inc.; Mobile Business Unit (MBU); segment profit margin calculation
| Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | Aug 29, 2019 | Aug 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Operating income (loss) | (1,750) | 2,160) | 2,173) | 1,074) | 2,606) | 3,033) |
| Revenue | 3,630) | 7,260) | 7,203) | 5,702) | 6,403) | 6,579) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | -48.21% | 29.75% | 30.17% | 18.84% | 40.70% | 46.10% |
Based on: 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), 10-K (reporting date: 2018-08-30).
1 2023 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Revenue
= 100 × -1,750 ÷ 3,630 = -48.21%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Mobile Business Unit (MBU) | Mobile Business Unit (MBU) segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Embedded Business Unit (EBU)
Micron Technology Inc.; Embedded Business Unit (EBU); segment profit margin calculation
| Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | Aug 29, 2019 | Aug 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Operating income (loss) | 382) | 1,752) | 1,006) | 301) | 923) | 1,473) |
| Revenue | 3,637) | 5,235) | 4,209) | 2,759) | 3,137) | 3,479) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | 10.50% | 33.47% | 23.90% | 10.91% | 29.42% | 42.34% |
Based on: 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), 10-K (reporting date: 2018-08-30).
1 2023 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Revenue
= 100 × 382 ÷ 3,637 = 10.50%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Embedded Business Unit (EBU) | Embedded Business Unit (EBU) segment profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Segment Profit Margin: Storage Business Unit (SBU)
Micron Technology Inc.; Storage Business Unit (SBU); segment profit margin calculation
| Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | Aug 29, 2019 | Aug 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Operating income (loss) | (1,887) | 513) | 173) | 36) | (386) | 964) |
| Revenue | 2,553) | 4,553) | 3,973) | 3,765) | 3,826) | 5,022) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | -73.91% | 11.27% | 4.35% | 0.96% | -10.09% | 19.20% |
Based on: 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), 10-K (reporting date: 2018-08-30).
1 2023 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Revenue
= 100 × -1,887 ÷ 2,553 = -73.91%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Storage Business Unit (SBU) | Storage Business Unit (SBU) segment profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Revenue
Micron Technology Inc., revenue by reportable segment
US$ in millions
| Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | Aug 29, 2019 | Aug 30, 2018 | |
|---|---|---|---|---|---|---|
| Compute and Networking Business Unit (CNBU) | 5,710) | 13,693) | 12,280) | 9,184) | 9,968) | 15,252) |
| Mobile Business Unit (MBU) | 3,630) | 7,260) | 7,203) | 5,702) | 6,403) | 6,579) |
| Embedded Business Unit (EBU) | 3,637) | 5,235) | 4,209) | 2,759) | 3,137) | 3,479) |
| Storage Business Unit (SBU) | 2,553) | 4,553) | 3,973) | 3,765) | 3,826) | 5,022) |
| All Other | 10) | 17) | 40) | 25) | 72) | 59) |
| Total | 15,540) | 30,758) | 27,705) | 21,435) | 23,406) | 30,391) |
Based on: 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), 10-K (reporting date: 2018-08-30).
Operating income (loss)
Micron Technology Inc., operating income (loss) by reportable segment
US$ in millions
| Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | Aug 29, 2019 | Aug 30, 2018 | |
|---|---|---|---|---|---|---|
| Compute and Networking Business Unit (CNBU) | (585) | 5,844) | 4,295) | 2,010) | 4,645) | 9,773) |
| Mobile Business Unit (MBU) | (1,750) | 2,160) | 2,173) | 1,074) | 2,606) | 3,033) |
| Embedded Business Unit (EBU) | 382) | 1,752) | 1,006) | 301) | 923) | 1,473) |
| Storage Business Unit (SBU) | (1,887) | 513) | 173) | 36) | (386) | 964) |
| All Other | 8) | 12) | 20) | (2) | 13) | —) |
| Total | (3,832) | 10,281) | 7,667) | 3,419) | 7,801) | 15,243) |
Based on: 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), 10-K (reporting date: 2018-08-30).