Micron Technology

Micron Technology, Inc. is a global corporation which produces many forms of semiconductor devices, including dynamic random-access memory, flash memory, and solid-state drives. Its consumer products are marketed under the brands Crucial Technology and Lexar. The Company makes DRAM Memory components and modules, including SDRAM, DDR SDRAM, DDR2 SDRAM, DDR3 SDRAM, DDR4 SDRAM, LPDRAM, RLDRAM, PSRAM, and multi-chip packages. It also makes NAND, Managed NAND and NOR flash memory, and SSDs.

Company Growth (employees)
Type
Public
HQ
Boise, US
Founded
1978
Size (employees)
31,400 (est)
Website
micron.com
Micron Technology was founded in 1978 and is headquartered in Boise, US

Key People at Micron Technology

Mark Durcan

Mark Durcan

CEO

Micron Technology Office Locations

Micron Technology has offices in Boise, Seoul and Singapore
Boise, US (HQ)
8000 S Federal Way

Micron Technology Data and Metrics

Micron Technology Financial Metrics

Micron Technology's revenue was reported to be $5.6 b in Q3, 2017
USD

Revenue (Q3, 2017)

5.6 b

Gross profit (Q3, 2017)

2.6 b

Gross profit margin (Q3, 2017), %

47%

Net income (Q3, 2017)

2.7 b

EBIT (Q3, 2017)

2 b

Market capitalization (22-Aug-2017)

35.8 b

Cash (01-Jun-2017)

4 b
Micron Technology's current market capitalization is $35.8 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

9.1 b16.4 b16.2 b12.4 b

Revenue growth, %

80%(1%)(23%)

Cost of goods sold

7.2 b10.9 b11 b9.9 b

Gross profit

1.8 b5.4 b5.2 b2.5 b

Gross profit Margin, %

20%33%32%20%

R&D expense

1.6 b

Operating expense total

1.6 b

EBIT

236 m3.1 b3 b168 m

EBIT margin, %

3%19%19%1%

Interest expense

231 m352 m371 m437 m

Interest income

14 m23 m35 m42 m

Income tax expense

8 m128 m157 m19 m

Net Income

1.2 b3.1 b2.9 b(275 m)
USDQ1, 2014Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017Q3, 2017

Revenue

4.6 b4.2 b3.9 b2.9 b2.9 b4 b4.6 b5.6 b

Cost of goods sold

2.9 b2.8 b2.7 b2.4 b2.4 b3 b2.9 b3 b

Gross profit

1.6 b1.4 b1.2 b579 m498 m1 b1.7 b2.6 b

Gross profit Margin, %

36%34%31%20%17%25%37%47%

R&D expense

376 m379 m406 m403 m382 m470 m473 m434 m

General and administrative expense

193 m187 m169 m

Operating expense total

569 m566 m575 m403 m382 m470 m473 m434 m

EBIT

1.1 b855 m631 m(5 m)(27 m)359 m1 b2 b

EBIT margin, %

24%21%16%(0%)(1%)9%22%35%

Interest expense

90 m83 m97 m97 m109 m139 m161 m153 m

Interest income

7 m8 m9 m12 m10 m7 m8 m10 m

Income tax expense

(75 m)(47 m)(104 m)(5 m)(15 m)(31 m)(38 m)(92 m)

Net Income

1 b1.9 b2.4 b110 m(105 m)180 m1.1 b2.7 b
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

2.9 b4.2 b2.3 b4.1 b

Inventories

2.6 b2.5 b2.3 b2.9 b

Current Assets

8.9 b10.2 b8.6 b9.5 b

PP&E

7.6 b8.7 b10.6 b14.7 b

Total Assets

19.1 b22.5 b24.1 b27.5 b

Accounts Payable

2.1 b2.7 b2.6 b3.9 b

Total Debt

6 b5 b6.3 b9.2 b

Current Liabilities

4.1 b4.8 b3.9 b4.8 b

Total Liabilities

14.6 b

Retained Earnings

(212 m)2.7 b5.6 b5.3 b

Total Equity

10 b11.6 b13.2 b12.9 b

EPS

2.92.7(0.3)

Debt to Equity Ratio

0.6 x0.4 x0.5 x0.7 x

Debt to Assets Ratio

0.3 x0.2 x0.3 x0.3 x

Financial Leverage

1.9 x1.9 x1.8 x2.1 x
USDQ1, 2014Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017Q3, 2017

Cash

3.8 b3.5 b3.7 b3.1 b4.6 b4.1 b3.6 b4 b

Inventories

2.4 b2.4 b2.4 b2.6 b2.9 b2.8 b3 b3.1 b

Current Assets

9.7 b9.9 b10 b8.8 b10.1 b9.5 b9.9 b11 b

PP&E

9.1 b9.2 b9.9 b11.8 b13.2 b15.3 b19.1 b19 b

Goodwill

1.2 b1.2 b

Total Assets

22.5 b23.8 b25.1 b24.8 b27 b27.8 b32.4 b33.3 b

Accounts Payable

3 b2.7 b3.2 b3.1 b3.6 b4.2 b3.8 b3.7 b

Current Liabilities

4.4 b4.1 b4.6 b4.4 b4.5 b5.5 b5.2 b5.1 b

Retained Earnings

3.7 b4.6 b5.1 b5.7 b5.5 b5.5 b6.2 b7.9 b

Total Equity

12.5 b13.2 b13.4 b13.2 b13 b13.2 b15.1 b17 b

Financial Leverage

1.8 x1.8 x1.9 x1.9 x2.1 x2.1 x2.1 x2 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

1.2 b3.1 b2.9 b(275 m)

Inventories

194 m116 m(549 m)

Accounts Payable

671 m(691 m)272 m

Cash From Operating Activities

1.8 b5.7 b5.2 b3.2 b

Purchases of PP&E

(1.2 b)(2.7 b)(4 b)

Cash From Investing Activities

(1.7 b)(2.5 b)(6.2 b)(3.1 b)

Long-term Borrowings

(743 m)(3.8 b)(2.3 b)(870 m)

Cash From Financing Activities

322 m(1.9 b)(718 m)1.7 b

Interest Paid

(107 m)(163 m)(226 m)(267 m)
USDQ1, 2014Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017Q3, 2017

Net Income

1 b1.9 b2.4 b110 m(105 m)180 m1.1 b2.7 b

Inventories

7 m78 m75 m(268 m)(580 m)139 m174 m108 m

Accounts Payable

(321 m)(488 m)(533 m)(67 m)3 m299 m399 m511 m

Cash From Operating Activities

1.6 b2.8 b4.2 b1.9 b2.3 b1.1 b2.5 b5 b

Purchases of PP&E

(669 m)(1.5 b)(2.3 b)

Cash From Investing Activities

(1.1 b)(3.2 b)(4.7 b)(1 b)(1.6 b)(890 m)(5.4 b)(6.2 b)

Long-term Borrowings

(786 m)(1.1 b)(2.1 b)(519 m)(689 m)(188 m)(556 m)(1.8 b)

Cash From Financing Activities

(806 m)(144 m)215 m(68 m)1.7 b(212 m)2.3 b1.2 b
USDY, 2017

Revenue/Employee

177.3 k

Financial Leverage

2 x

Micron Technology Operating Metrics

FY, 2014FY, 2015FY, 2016Jun, 2017

Patents (US)

16.5 k16.8 k16.1 k

Patents (foreign)

4 k4.2 k4.3 k

Countries

18

Micron Technology Market Value History

Micron Technology Revenue Breakdown

Micron Technology Median Salaries

Source: 1 k public H-1B filings from Micron Technology

Traffic Overview of Micron Technology

Micron Technology Online and Social Media Presence

Micron Technology News and Updates

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Toshiba's shares closed more than 22 per cent higher after Japanese trading today on news rivals are interested in its chip business. A Nikkei Business Daily report suggested the troubled Japanese conglomerate has asked potential bidders to value its prized memory chip business at 2 trillion yen …

Toshiba is looking to raise £7bn from its chip unit sale

Toshiba's shares dipped again today as it prepares to raise at least 1 trillion yen (£7.1bn) from the sale of its flash memory chip business, a source told Reuters. The embattled Japanese firm is working to fill a multi-billion pound hole in its US nuclear business by selling a majority stake or …

Financial companies lead stocks down; oil rises

Banks and other financial companies led U.S. stocks modestly lower Thursday, wiping out much of the market's Wednesday gains. Phone companies, real estate, utilities and healthcare stocks eked out gains. Energy, technology and other stocks that posted big gains in the weeks after the November el…

Samsung was granted more US patents than any other company in 2016

Samsung has taken the top spot in a ranking of companies sorted by how many US patents they were granted in 2016. Sqoop is an online service that tracks patents and court documents, and the site has published its ranking of companies according to how many patents they were g…

Common Sense: 2016’s Winning Investors Talk About 2017, and Donald Trump

Investors who made the correct — and often bold — calls of last year see opportunities in the uncharted waters of the year ahead.

Here’s What IBM and Google Are Doing to Take on Intel

They're banding together with seven other tech firms, including Dell-EMC and HPE.
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Micron Technology Company Life and Culture

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