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Micron Technology Reports Results for Second Quarter of Fiscal 2019

Reported revenue of $5.84 billion compared to $7.35 billion for the same period last year.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Micron Technology, Inc. announced results for its second quarter of fiscal 2019, which ended Feb. 28, 2019.
 
Micron reported revenue of $5.84 billion compared to $7.35 billion for the same period last year. GAAP net income was $1.62 billion, or $1.42 per diluted share. Non-GAAP net income was $1.97 billion, or $1.71 per diluted share. Operating cash flow was $3.44 billion versus $4.35 billion for the same period last year.
 
“Micron continues to execute well across a range of product, operational and financial initiatives against the backdrop of a challenging market environment,” said Sanjay Mehrotra, Micron Technology president and CEO.

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