Micron Technology, Inc. Reports Results for the First Quarter of Fiscal 2020
Micron Technology, Inc. (MU)
Last micron technology, inc. earnings: 3/25 04:01 pm
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Source: GlobeNewswire
BOISE, Idaho, Dec. 18, 2019 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced results for its first quarter of fiscal 2020, which ended November 28, 2019. Fiscal Q1 2020 highlights Revenues of $5.14 billion versus $4.87 billion for the prior quarter and $7.91 billion for the same period last yearGAAP net income of $491 million, or $0.43 per diluted shareNon-GAAP net income of $548 million, or $0.48 per diluted shareOperating cash flow of $2.01 billion versus $2.23 billion for the prior quarter and $4.81 billion for the same period last year "Micron posted solid first quarter results, delivering good profitability and positive free cash flow. With our strong execution and improving industry conditions, we are optimistic that Micron's fiscal second quarter will be the cyclical bottom for our financial performance," said Micron Technology President and CEO Sanjay Mehrotra. "Our significantly improved competitive position, dramatically stronger product portfoli
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