Micron Technology shared their money numbers for December through February. They made $8.05 billion, which beats last year when they made $5.82 billion during those same months. This amount sits lower than the $8.71 billion they earned between September and November. The company pocketed $1.58 billion in profits according to standard rules, equal to $1.41 per share.
Under different accounting methods, Micron earned $1.78 billion, or $1.56 per share. Their cash from business activities reached $3.94 billion, up from $3.24 billion in the previous three months. Last year, during this time, they only generated $1.22 billion in cash. Sanjay Mehrotra, who heads the company, mentioned their earnings beat what they predicted earlier.
He pointed out that sales to data centers tripled compared to last year. The company just released a new memory technology called 1-gamma DRAM. Micron expects to break revenue records next quarter as both their memory products sell better in data centers and consumer markets. They believe the entire year will bring record sales plus much better profits than before.
The company spent $3.09 billion on new equipment and facilities during these three months. After expenses, they kept $857 million in adjusted free cash. Micron finished February with $9.60 billion available as cash or investments they can quickly sell. Their board decided on March 20 to pay shareholders 11.5 cents per share on April 15 if those people held stock by March 31.
Under different accounting methods, Micron earned $1.78 billion, or $1.56 per share. Their cash from business activities reached $3.94 billion, up from $3.24 billion in the previous three months. Last year, during this time, they only generated $1.22 billion in cash. Sanjay Mehrotra, who heads the company, mentioned their earnings beat what they predicted earlier.
He pointed out that sales to data centers tripled compared to last year. The company just released a new memory technology called 1-gamma DRAM. Micron expects to break revenue records next quarter as both their memory products sell better in data centers and consumer markets. They believe the entire year will bring record sales plus much better profits than before.
The company spent $3.09 billion on new equipment and facilities during these three months. After expenses, they kept $857 million in adjusted free cash. Micron finished February with $9.60 billion available as cash or investments they can quickly sell. Their board decided on March 20 to pay shareholders 11.5 cents per share on April 15 if those people held stock by March 31.
