Categories AlphaGraphs, Earnings, Technology

Infographic: Micron (MU) reports net loss for Q2; revenue down 53%

Micron Technology Inc. (NASDAQ: MU) slipped to a loss in the second quarter of 2023 from a profit last year, hurt by a sharp fall in revenues.

Micron Q2 2023 earnings infographic

The chipmaker reported a loss of $1.91 per share for the February quarter, on an adjusted basis, marking a deterioration from the prior-year period when it earned $2.14 per share. On an unadjusted basis, the second-quarter net loss was $2.31 billion or $2.12 per share, compared to a net income of $2.26 billion or $2.00 per share in the prior-year quarter.

The weak bottom line performance reflects a 53% fall in net revenues to $3.69 billion. All the main operating segments contracted during the three-month period.

Prior Performance

  • Micron Q1 2023 earnings infographic
  • Micron Q4 2022 earnings infographic
  • Micron Technology Q3 2022 Earnings Infographic
  • Micron Q2 2022 earnings infographic

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