Micron Technology, Inc. MU

Q2 FY2024 10-Q 投资简报
2024-03-21 · ASTRO RESEARCH

01 · 损益表

10-Q 季报仅提供 GAAP 数据

季度指标

指标 Q2 FY2024 Q1 FY2024 Q/Q Q2 FY2023 Y/Y
营收 Revenue $5,824M $4,726M +23% $3,693M +58%
毛利率 Gross Margin 18.5% -0.7% +19.2 ppt -32.6% +51.2 ppt
研发费用 R&D $832M $845M -2% $788M +6%
销售及管理 SG&A $280M $263M +6% $231M +21%
折旧摊销 D&A $3,839M $1,915M +100%
股权激励 SBC $209M $188M +11% $133M +57%
营业利润 Operating Income $191M -$1,128M +117% -$2,303M +108%
利息费用 Interest Expense $144M $89M +62%
净利润 Net Income $793M -$1,234M +164% -$2,312M +134%

补充指标

指标 Q2 FY2024 Q1 FY2024 Q/Q Q2 FY2023 Y/Y
每股收益 EPS $0.71 -$1.12 +163% -$2.12 +133%
稀释股数 Diluted Shares 1,114M 1,100M +1% 1,091M +2%
实际税率 Effective Tax Rate -3.7%

technology

板块 收入 占比 QoQ YoY
DRAM $4,158M 71.4%
NAND $1,567M 26.9%
Other $99M 1.7%

end_market

项目 占比
Mobile 25.0%
Automotive_Industrial_Consumer 20.0%
Client_Graphics 20.0%
Enterprise_Cloud_Server 15.0%
SSD_Other_Storage 15.0%

Approximate % of total revenue for the six months ended Feb 29, 2024. Quarterly dollar amounts not disclosed.

customer

项目 占比
Top1_Distributor 11.0%

One distributor customer was 11% of total revenue for H1 FY2024. No customer exceeded 10% in H1 FY2023.

geography

Not disclosed in 10-Q filing

02 · 资产负债表

现金及等价物
Cash & Equivalents
$8,016M
总债务
Total Debt
$13,722M
股东权益
Shareholders' Equity
$43,870M

03 · 现金流量表

本季度数据

经营现金流
Operating Cash Flow
$2,620M
资本开支
CapEx
$3,180M
自由现金流
Free Cash Flow
-$560M
股票回购
Share Buyback
$0M
债务偿还
Debt Repayments
$1,101M

04 · 动态指标

指标 Q2 FY2024 Q1 FY2024 变化
暂无动态指标配置

05 · 管理层讨论

以下观点摘自 10-Q MD&A 管理层讨论章节

"2024 财年上半年,在人工智能部署和客户库存基本正常化的推动下,需求增长加速,加上全行业供应纪律,供需平衡明显改善。"
"2024 Q2 DRAM 销售同比增长 53%,主要由出货位元同比增长约 50% 高段驱动。"
"2024 Q2 NAND 销售同比增长 77%,主要由出货位元增长约 60% 低段和 ASP 约 10% 的增长共同驱动。"
"2024 Q2 产能闲置已大幅减少,主要集中在旧制程产能,相关期间费用不再显著。"

06 · 其他补充数据

指标数值备注
patent_cross_license_gain $200M Q2 FY2024 确认的专利交叉授权收益,计入 Other operating income
nrv_write_down_benefit $382M Q2 出售此前减值库存带来的 COGS 降低效应(累计 6 个月 $987M)
customer_prepayments $600M 客户为锁定未来供应而支付的预付款,计入 Other current liabilities
unrecognized_sbc $1,690M 未确认的股权激励成本,预计通过 FY2028 Q2 摊销完毕,加权平均 1.3 年