2024 年 6 月 26 日下午 4 點 05 分 EDT
美光科技公司公布 2024 財年第三季度業績
AI demand drives 50% sequential data center revenue growth and record high data center revenue mix
人工智慧需求推動數據中心收入環比增長 50%，創下數據中心收入佔比新高
BOISE, Idaho, June 26, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced results for its third quarter of fiscal 2024, which ended May 30, 2024.
愛達荷州博伊西，2024 年 6 月 26 日（GLOBE NEWSWIRE）——美光科技公司（納斯達克：MU）今天公佈了其 2024 財年第三季度的業績，該季度於 2024 年 5 月 30 日結束。
Fiscal Q3 2024 highlights
2024 年第三季度財務亮點
- Revenue of $6.81 billion versus $5.82 billion for the prior quarter and $3.75 billion for the same period last year
收入為 68.1 億美元，相較於上一季度的 58.2 億美元和去年同期的 37.5 億美元
- GAAP net income of $332 million, or $0.30 per diluted share
根據 GAAP，淨收入為 3.32 億美元，每股攤薄收益為 0.30 美元 - Non-GAAP net income of $702 million, or $0.62 per diluted share
非 GAAP 淨收入 7.02 億美元，每股攤薄收益 0.62 美元 - Operating cash flow of $2.48 billion versus $1.22 billion for the prior quarter and $24 million for the same period last year
營運現金流為 24.8 億美元，相較於上一季度的 12.2 億美元和去年同期的 2400 萬美元
“Robust AI demand and strong execution enabled Micron to drive 17% sequential revenue growth, exceeding our guidance range in fiscal Q3,” said Sanjay Mehrotra, President and CEO of Micron Technology.
「強勁的人工智慧需求和卓越的執行力使美光在第三財季實現了 17%的收入環比增長，超出了我們的預期範圍。」美光科技總裁兼首席執行官 Sanjay Mehrotra 說。
“We are gaining share in high-margin products like High Bandwidth Memory (HBM), and our data center SSD revenue hit a record high, demonstrating the strength of our AI product portfolio across DRAM and NAND.
我們在高利潤產品如高帶寬記憶體（HBM）中獲得了更多市場份額，我們的數據中心 SSD 收入創下了歷史新高，這展示了我們在 DRAM 和 NAND 方面的 AI 產品組合的實力。
We are excited about the expanding AI-driven opportunities ahead, and are well positioned to deliver a substantial revenue record in fiscal 2025.”
我們對未來擴展的 AI 驅動機會感到興奮，並且有能力在 2025 財年創下可觀的收入紀錄。
| Quarterly Financial Results 季度財務報告 | |||||||||||||||||||
| (in millions, except per share amounts) （單位：百萬，除每股金額外） | GAAP(1) 公認會計原則 (1) | Non-GAAP(2) 非一般公認會計原則 (2) | |||||||||||||||||
| FQ3-24 | FQ2-24 | FQ3-23 | FQ3-24 | FQ2-24 | FQ3-23 | ||||||||||||||
| Revenue 營收 | $ | 6,811 | $ | 5,824 | $ | 3,752 | $ | 6,811 | $ | 5,824 | $ | 3,752 | |||||||
| Gross margin 毛利率 | 1,832 | 1,079 | (668 | ) | 1,917 | 1,163 | (603 | ) | |||||||||||
| percent of revenue 營收百分比 | 26.9 | % | 18.5 | % | (17.8 | %) | 28.1 | % | 20.0 | % | (16.1 | %) | |||||||
| Operating expenses 營運開支 | 1,113 | 888 | 1,093 | 976 | 959 | 866 | |||||||||||||
| Operating income (loss) 營業利潤（虧損） | 719 | 191 | (1,761 | ) | 941 | 204 | (1,469 | ) | |||||||||||
| percent of revenue 營收百分比 | 10.6 | % | 3.3 | % | (46.9 | %) | 13.8 | % | 3.5 | % | (39.2 | %) | |||||||
| Net income (loss) 淨利（虧損） | 332 | 793 | (1,896 | ) | 702 | 476 | (1,565 | ) | |||||||||||
| Diluted earnings (loss) per share 每股稀釋收益（虧損） | 0.30 | 0.71 | (1.73 | ) | 0.62 | 0.42 | (1.43 | ) | |||||||||||
Investments in capital expenditures, net(2) were $2.06 billion for the third quarter of 2024, which resulted in adjusted free cash flows(2) of $425 million. Micron ended the third quarter of 2024 with cash, marketable investments, and restricted cash of $9.22 billion.
2024 年第三季度的資本支出淨投資 (2) 為 20.6 億美元，調整後的自由現金流 (2) 為 4.25 億美元。美光在 2024 年第三季度結束時擁有 92.2 億美元的現金、可出售投資和受限制現金。
On June 26, 2024, Micron’s Board of Directors declared a quarterly dividend of $0.115 per share, payable in cash on July 23, 2024, to shareholders of record as of the close of business on July 8, 2024.
2024 年 6 月 26 日，Micron 的董事會宣佈每股 0.115 美元的季度股息，將於 2024 年 7 月 23 日以現金支付給截至 2024 年 7 月 8 日營業結束時的股東。
Business Outlook 商業展望
The following table presents Micron’s guidance for the fourth quarter of 2024:
下表顯示了美光科技對 2024 年第四季度的預測：
| FQ4-24 | GAAP(1) Outlook GAAP (1) 前景 | Non-GAAP(2) Outlook 非 GAAP (2) 前景 |
| Revenue 營收 | $7.60 billion ± $200 million 76 億美元 ± 2 億美元 | $7.60 billion ± $200 million 76 億美元 ± 2 億美元 |
| Gross margin 毛利率 | 33.5% ± 1.0% | 34.5% ± 1.0% |
| Operating expenses 營運開支 | $1.19 billion ± $15 million 11.9 億美元 ± 1500 萬美元 | $1.06 billion ± $15 million 10.6 億美元 ± 1500 萬美元 |
| Diluted earnings per share 稀釋後每股盈餘 | $0.61 ± $0.08 | $1.08 ± $0.08 |
Further information regarding Micron’s business outlook is included in the prepared remarks and slides, which have been posted at investors.micron.com.
有關美光業務前景的更多資訊已包含在準備好的講稿和簡報中，這些內容已發布在 investors.micron.com。
Investor Webcast 投資者網路直播會議
Micron will host a conference call on Wednesday, June 26, 2024 at 2:30 p.m. Mountain Time to discuss its third quarter financial results and provide forward-looking guidance for its fourth quarter. A live webcast of the call will be available online at investors.micron.com. A webcast replay will be available for one year after the call. For Investor Relations and other company updates, follow us on X @MicronTech.
美光將於 2024 年 6 月 26 日星期三下午 2:30（山區時間）舉行電話會議，討論第三季度財務業績並提供第四季度的前瞻性指引。此次電話會議的現場網絡直播將在 investors.micron.com 上線，重播將在會議結束後的一年內可用。欲了解投資者關係和其他公司更新，請在 X 上關注我們 @MicronTech。
About Micron Technology, Inc.
關於美光科技股份有限公司
We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND, and NOR memory and storage products through our Micron® and Crucial® brands.
我們是創新記憶體和存儲解決方案的行業領導者，改變了世界使用信息的方式，為所有人帶來更豐富的生活。Micron 專注於客戶需求、技術領先和卓越的製造與運營，通過 Micron® 和 Crucial® 品牌提供豐富的高性能 DRAM、NAND 和 NOR 記憶體及存儲產品。
Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience.
每天，我們的創新推動了數據經濟，促進了人工智慧（AI）和計算密集型應用的進步，從數據中心到智能邊緣，並提升了客戶和移動用戶的體驗，創造了更多機會。
To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.
想了解更多有關美光科技公司（Nasdaq: MU）的資訊，請造訪 micron.com。
© 2024 Micron Technology, Inc. All rights reserved. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners.
版權所有 © 2024 美光科技公司。保留所有權利。Micron、美光標誌及所有其他美光商標均屬於美光科技公司。所有其他商標均屬於其各自的所有者。
Forward-Looking Statements
前瞻性聲明
This press release contains forward-looking statements regarding our industry, our strategic position, technology trends and developments including artificial intelligence, market demand, and our financial and operating results, including our guidance for the fourth quarter of 2024.
本新聞稿包含有關我們行業、戰略地位、技術趨勢和發展（包括人工智慧）、市場需求以及我們財務和運營結果（包括 2024 年第四季度的預測）的前瞻性聲明。
These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially. Please refer to the documents we file with the Securities and Exchange Commission, including our most recent Form 10-K and Form 10-Q.
這些前瞻性陳述受到多種風險和不確定因素的影響，可能會導致實際結果有重大差異。請參閱我們提交給證券交易委員會的文件，包括我們最近的 10-K 表格和 10-Q 表格。
These documents contain and identify important factors that could cause our actual results to differ materially from those contained in these forward-looking statements. These certain factors can be found at investors.micron.com/risk-factor. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements.
這些文件包含並指出可能導致我們實際結果與這些前瞻性聲明中所述結果有重大差異的重要因素。這些特定因素可以在 investors.micron.com/risk-factor 找到。儘管我們相信前瞻性聲明中反映的期望是合理的，但我們無法保證未來的結果、活動水平、表現或成就。
We are under no duty to update any of the forward-looking statements to conform these statements to actual results.
我們沒有義務更新任何前瞻性陳述以符合實際結果。
| (1) | GAAP represents U.S. Generally Accepted Accounting Principles. GAAP 代表美國一般公認會計原則。 |
| (2) | Non-GAAP represents GAAP excluding the impact of certain activities, which management excludes in analyzing our operating results and understanding trends in our earnings, adjusted free cash flow, and business outlook. 非 GAAP 指的是 GAAP 不包括某些活動的影響，管理層在分析經營結果、了解收益趨勢、調整後的自由現金流和業務前景時會排除這些活動。 Further information regarding Micron’s use of non-GAAP measures and reconciliations between GAAP and non-GAAP measures are included within this press release. 有關美光使用非 GAAP 指標的更多資訊，以及 GAAP 和非 GAAP 指標之間的對賬，已包含在本新聞稿中。 |
| MICRON TECHNOLOGY, INC. 美光科技股份有限公司 CONSOLIDATED STATEMENTS OF OPERATIONS 綜合損益表 (In millions, except per share amounts) （單位：百萬，除每股金額外） (Unaudited) （未經審核） | |||||||||||||||
| 3rd Qtr. 第三季 | 2nd Qtr. 第二季 | 3rd Qtr. 第三季 | Nine months ended 九個月期間結束 | ||||||||||||
| May 30, 五月三十日 2024 | February 29, 二月二十九日 2024 | June 1, 六月一日 2023 | May 30, 五月三十日 2024 | June 1, 六月一日， 2023 | |||||||||||
| Revenue 營收 | $ | 6,811 | $ | 5,824 | $ | 3,752 | $ | 17,361 | $ | 11,530 | |||||
| Cost of goods sold 銷售成本 | 4,979 | 4,745 | 4,420 | 14,485 | 12,511 | ||||||||||
| Gross margin 毛利率 | 1,832 | 1,079 | (668 | ) | 2,876 | (981 | ) | ||||||||
| Research and development 研發 | 850 | 832 | 758 | 2,527 | 2,395 | ||||||||||
| Selling, general, and administrative 銷售、總務及行政 | 291 | 280 | 219 | 834 | 701 | ||||||||||
| Restructure and asset impairments 重組與資產減損 | — | — | 68 | — | 167 | ||||||||||
| Other operating (income) expense, net 其他營運收入或費用，淨額 | (28 | ) | (224 | ) | 48 | (267 | ) | 29 | |||||||
| Operating income (loss) 營業利潤（虧損） | 719 | 191 | (1,761 | ) | (218 | ) | (4,273 | ) | |||||||
| Interest income 利息收益 | 136 | 130 | 127 | 398 | 334 | ||||||||||
| Interest expense 利息支出 | (150 | ) | (144 | ) | (119 | ) | (426 | ) | (259 | ) | |||||
| Other non-operating income (expense), net 其他非營業收入（支出），淨額 | 10 | (7 | ) | — | (24 | ) | (2 | ) | |||||||
| 715 | 170 | (1,753 | ) | (270 | ) | (4,200 | ) | ||||||||
| Income tax (provision) benefit 所得稅（預提）優惠 | (377 | ) | 622 | (139 | ) | 172 | (201 | ) | |||||||
| Equity in net income (loss) of equity method investees 權益法投資者的淨收益（損失） | (6 | ) | 1 | (4 | ) | (11 | ) | (2 | ) | ||||||
| Net income (loss) 淨利（虧損） | $ | 332 | $ | 793 | $ | (1,896 | ) | $ | (109 | ) | $ | (4,403 | ) | ||
| Earnings (loss) per share 每股盈餘（虧損） | |||||||||||||||
| Basic 基礎 | $ | 0.30 | $ | 0.72 | $ | (1.73 | ) | $ | (0.10 | ) | $ | (4.03 | ) | ||
| Diluted 稀釋的 | 0.30 | 0.71 | (1.73 | ) | (0.10 | ) | (4.03 | ) | |||||||
| Number of shares used in per share calculations 用於每股計算的股票數量 | |||||||||||||||
| Basic 基礎 | 1,107 | 1,104 | 1,094 | 1,104 | 1,092 | ||||||||||
| Diluted 稀釋的 | 1,123 | 1,114 | 1,094 | 1,104 | 1,092 | ||||||||||
| MICRON TECHNOLOGY, INC. 美光科技股份有限公司 CONSOLIDATED BALANCE SHEETS 綜合資產負債表 (In millions) （以百萬為單位） (Unaudited) （未經審核） | |||||||||
| As of 截至目前 | May 30, 五月三十日 2024 | February 29, 二月二十九日 2024 | August 31, 八月三十一日 2023 | ||||||
| Assets 資產 | |||||||||
| Cash and equivalents 現金及現金等價物 | $ | 7,594 | $ | 8,016 | $ | 8,577 | |||
| Short-term investments 短期投資 | 785 | 990 | 1,017 | ||||||
| Receivables 應收款項 | 5,131 | 4,296 | 2,443 | ||||||
| Inventories 庫存管理 | 8,512 | 8,443 | 8,387 | ||||||
| Other current assets 其他現金資產 | 1,297 | 1,690 | 820 | ||||||
| Total current assets 總流動資產 | 23,319 | 23,435 | 21,244 | ||||||
| Long-term marketable investments 長期市場投資 | 775 | 627 | 844 | ||||||
| Property, plant, and equipment 不動產、廠房及設備 | 37,926 | 37,587 | 37,928 | ||||||
| Operating lease right-of-use assets 營運租賃權益資產 | 660 | 642 | 666 | ||||||
| Intangible assets 無形資產 | 413 | 414 | 404 | ||||||
| Deferred tax assets 遞延稅資產 | 597 | 664 | 756 | ||||||
| Goodwill 慈善機構 | 1,150 | 1,150 | 1,150 | ||||||
| Other noncurrent assets 其他非流動資產 | 1,415 | 1,199 | 1,262 | ||||||
| Total assets 總資產 | $ | 66,255 | $ | 65,718 | $ | 64,254 | |||
| Liabilities and equity 負債與股東權益 | |||||||||
| Accounts payable and accrued expenses 應付賬款及累計費用 | $ | 5,145 | $ | 4,680 | $ | 3,958 | |||
| Current debt 目前的債務 | 398 | 344 | 278 | ||||||
| Other current liabilities 其他短期負債 | 1,297 | 1,235 | 529 | ||||||
| Total current liabilities 總負債 | 6,840 | 6,259 | 4,765 | ||||||
| Long-term debt 長期負債 | 12,860 | 13,378 | 13,052 | ||||||
| Noncurrent operating lease liabilities 非流動經營租賃負債 | 609 | 593 | 603 | ||||||
| Noncurrent unearned government incentives 非流動的未賺取政府補助 | 672 | 662 | 727 | ||||||
| Other noncurrent liabilities 其他非流動性負債 | 1,049 | 956 | 987 | ||||||
| Total liabilities 總負債 | 22,030 | 21,848 | 20,134 | ||||||
| Commitments and contingencies 承諾與或有事項 | |||||||||
| Shareholders’ equity 股東權益 | |||||||||
| Common stock 普通股票 | 125 | 125 | 124 | ||||||
| Additional capital 額外資金 | 11,794 | 11,564 | 11,036 | ||||||
| Retained earnings 留存收益 | 40,169 | 39,997 | 40,824 | ||||||
| Treasury stock 庫存股票 | (7,552 | ) | (7,552 | ) | (7,552 | ) | |||
| Accumulated other comprehensive income (loss) 累計其他綜合收益（損失） | (311 | ) | (264 | ) | (312 | ) | |||
| Total equity 總資本 | 44,225 | 43,870 | 44,120 | ||||||
| Total liabilities and equity 總負債及股東權益 | $ | 66,255 | $ | 65,718 | $ | 64,254 | |||
| MICRON TECHNOLOGY, INC. 美光科技股份有限公司 CONSOLIDATED STATEMENTS OF CASH FLOWS 合併現金流量報表 (In millions) （以百萬為單位） (Unaudited) （未經審核） | ||||||
| Nine months ended 九個月期間結束 | May 30, 五月三十日 2024 | June 1, 六月一日 2023 | ||||
| Cash flows from operating activities 營運活動現金流量 | ||||||
| Net income (loss) 淨利（虧損） | $ | (109 | ) | $ | (4,403 | ) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: 調整以使淨收入（損失）與經營活動產生的淨現金一致： | ||||||
| Depreciation expense and amortization of intangible assets 折舊費用及無形資產攤銷 | 5,794 | 5,819 | ||||
| Stock-based compensation 股票獎勵補償 | 620 | 448 | ||||
| Provision to write-down inventories to net realizable value 將存貨減記至可變現淨值的撥備 | — | 1,831 | ||||
| Change in operating assets and liabilities: 營運資產和負債變動： | ||||||
| Receivables 應收款項 | (2,562 | ) | 2,728 | |||
| Inventories 庫存管理 | (125 | ) | (3,406 | ) | ||
| Other current assets 其他現金資產 | (435 | ) | (35 | ) | ||
| Accounts payable and accrued expenses 應付賬款及累計費用 | 846 | (1,113 | ) | |||
| Other current liabilities 其他短期負債 | 769 | (677 | ) | |||
| Other 其他 | 304 | 118 | ||||
| Net cash provided by operating activities 營運活動產生的現金淨額 | 5,102 | 1,310 | ||||
| Cash flows from investing activities 投資活動現金流量 | ||||||
| Expenditures for property, plant, and equipment 購置房地產、廠房和設備的支出 | (5,266 | ) | (6,215 | ) | ||
| Purchases of available-for-sale securities 購買可供出售的金融資產 | (1,110 | ) | (496 | ) | ||
| Proceeds from maturities and sales of available-for-sale securities 可供出售證券到期和出售所得的收益 | 1,433 | 1,192 | ||||
| Proceeds from government incentives 政府獎勵的收入 | 267 | 248 | ||||
| Other 其他 | (35 | ) | (90 | ) | ||
| Net cash provided by (used for) investing activities 投資活動產生的淨現金流入（流出） | (4,711 | ) | (5,361 | ) | ||
| Cash flows from financing activities 融資活動現金流量 | ||||||
| Repayments of debt 債務償還 | (1,816 | ) | (706 | ) | ||
| Payments of dividends to shareholders 向股東發放股息 | (384 | ) | (378 | ) | ||
| Payments on equipment purchase contracts 設備購買合約的付款 | (127 | ) | (112 | ) | ||
| Repurchases of common stock - repurchase program 普通股回購計劃 | — | (425 | ) | |||
| Proceeds from issuance of debt 發行債務的收益 | 999 | 6,716 | ||||
| Other 其他 | (40 | ) | — | |||
| Net cash provided by (used for) financing activities 融資活動產生的淨現金流入（流出） | (1,368 | ) | 5,095 | |||
| Effect of changes in currency exchange rates on cash, cash equivalents, and restricted cash 貨幣匯率變動對現金、現金等價物及受限制現金的影響 | (15 | ) | (13 | ) | ||
| Net increase (decrease) in cash, cash equivalents, and restricted cash 現金、現金等價物及受限制現金的淨增減 | (992 | ) | 1,031 | |||
| Cash, cash equivalents, and restricted cash at beginning of period 期初的現金、現金等價物及受限制現金 | 8,656 | 8,339 | ||||
| Cash, cash equivalents, and restricted cash at end of period 期末現金、現金等價物及受限制資金 | $ | 7,664 | $ | 9,370 | ||
| MICRON TECHNOLOGY, INC. 美光科技股份有限公司 NOTES 記錄 (Unaudited) （未經審核） (All tabular amounts in millions) （所有表格中的金額均以百萬為單位） |
Inventories 庫存管理
In 2023, we recorded charges of $1.83 billion to cost of goods sold to write down the carrying value of work in process and finished goods inventories to their estimated net realizable value (“NRV”).
在 2023 年，我們記錄了 18.3 億美元的銷售成本，將在製品和製成品庫存的賬面價值減記至其估計的可變現淨值（“NRV”）。
The impact of inventory NRV write-downs for each period reflects (1) inventory write-downs in that period, offset by (2) lower costs in that period on the sale of inventory written down in prior periods. The impacts of inventory NRV write-downs are summarized below:
每個期間的庫存淨實現價值減記影響包括：（1）該期間的庫存減記，和（2）前期減記庫存銷售時的較低成本。以下是庫存淨實現價值減記的影響總結：
| 3rd Qtr. 第三季 | 2nd Qtr. 第二季 | 3rd Qtr. 第三季 | Nine months ended 九個月期間結束 | |||||||||
| May 30, 五月三十日 2024 | February 29, 二月二十九日 2024 | June 1, 六月一日 2023 | May 30, 五月三十日 2024 | June 1, 六月一日 2023 | ||||||||
| Provision to write down inventory to NRV 計提準備將庫存減記至淨變現價值 | $ | — | $ | — | $ | (401 | ) | $ | — | $ | (1,831 | ) |
| Lower costs from sale of inventory written down in prior periods 來自前期減值存貨銷售的成本降低 | — | 382 | 281 | 987 | 281 | |||||||
| $ | — | $ | 382 | $ | (120 | ) | $ | 987 | $ | (1,550 | ) | |
Income Tax 所得稅
In the first quarter of 2024, our tax expense was based on actual results for jurisdictions where small changes in our projected pre-tax income would have caused significant changes in the estimated annual effective tax rate.
在 2024 年第一季度，我們的稅費是根據實際結果計算的，對於那些我們預計的稅前收入稍有變動就會導致年度有效稅率大幅變動的司法管轄區。
With our improved fiscal 2024 outlook, we were able to estimate a more reliable annual effective tax rate and have reverted to a global annual effective tax rate method for all jurisdictions beginning in the second quarter of 2024.
隨著我們改進的 2024 財政展望，我們能夠估算出更可靠的年度有效稅率，並從 2024 年第二季度開始對所有地區恢復使用全球年度有效稅率方法。
| MICRON TECHNOLOGY, INC. 美光科技股份有限公司 RECONCILIATION OF GAAP TO NON-GAAP MEASURES GAAP 與非 GAAP 指標的調節 (In millions, except per share amounts) （單位：百萬，除每股金額外） | |||||||||
| 3rd Qtr. 第三季 | 2nd Qtr. 第二季 | 3rd Qtr. 第三季 | |||||||
| May 30, 五月三十日 2024 | February 29, 二月二十九日 2024 | June 1, 六月一日， 2023 | |||||||
| GAAP gross margin GAAP 營業毛利率 | $ | 1,832 | $ | 1,079 | $ | (668 | ) | ||
| Stock-based compensation 股票獎勵計劃 | 80 | 80 | 60 | ||||||
| Other 其他 | 5 | 4 | 5 | ||||||
| Non-GAAP gross margin 非一般公認會計原則毛利率 | $ | 1,917 | $ | 1,163 | $ | (603 | ) | ||
| GAAP operating expenses GAAP 營運開支 | $ | 1,113 | $ | 888 | $ | 1,093 | |||
| Stock-based compensation 股票獎勵 | (137 | ) | (129 | ) | (91 | ) | |||
| Restructure and asset impairments 重組與資產減損 | — | — | (68 | ) | |||||
| Patent cross-license agreement gain 專利交叉授權協議收益 | — | 200 | — | ||||||
| Litigation settlement 訴訟解決 | — | — | (68 | ) | |||||
| Non-GAAP operating expenses 非一般公認會計原則的營運費用 | $ | 976 | $ | 959 | $ | 866 | |||
| GAAP operating income (loss) GAAP 營業利潤（虧損） | $ | 719 | $ | 191 | $ | (1,761 | ) | ||
| Stock-based compensation 股票獎勵計劃 | 217 | 209 | 151 | ||||||
| Restructure and asset impairments 重組與資產減損 | — | — | 68 | ||||||
| Patent cross-license agreement gain 專利交叉授權協議收益 | — | (200 | ) | — | |||||
| Litigation settlement 訴訟解決 | — | — | 68 | ||||||
| Other 其他 | 5 | 4 | 5 | ||||||
| Non-GAAP operating income (loss) 非 GAAP 經營收入（損失） | $ | 941 | $ | 204 | $ | (1,469 | ) | ||
| GAAP net income (loss) GAAP 淨利（虧損） | $ | 332 | $ | 793 | $ | (1,896 | ) | ||
| Stock-based compensation 股票獎勵 | 217 | 209 | 151 | ||||||
| Restructure and asset impairments 重組與資產減損 | — | — | 68 | ||||||
| Patent cross-license agreement gain 專利交叉授權協議收益 | — | (200 | ) | — | |||||
| Litigation settlement 訴訟解決 | — | — | 68 | ||||||
| Other 其他 | 3 | 2 | 7 | ||||||
| Estimated tax effects of above and other tax adjustments(1) 預估上述及其他稅務調整的稅務影響 (1) | 150 | (328 | ) | 37 | |||||
| Non-GAAP net income (loss) 非 GAAP 淨利潤（虧損） | $ | 702 | $ | 476 | $ | (1,565 | ) | ||
| GAAP weighted-average common shares outstanding - Diluted GAAP 加權平均流通在外普通股 - 稀釋 | 1,123 | 1,114 | 1,094 | ||||||
| Adjustment for stock-based compensation 股票補償調整 | 13 | 20 | — | ||||||
| Non-GAAP weighted-average common shares outstanding - Diluted 非公認會計準則加權平均流通股數 - 稀釋 | 1,136 | 1,134 | 1,094 | ||||||
| GAAP diluted earnings (loss) per share GAAP 稀釋每股盈餘（或虧損） | $ | 0.30 | $ | 0.71 | $ | (1.73 | ) | ||
| Effects of the above adjustments 以上調整的影響 | 0.32 | (0.29 | ) | 0.30 | |||||
| Non-GAAP diluted earnings (loss) per share 非 GAAP 攤薄每股盈餘（虧損） | $ | 0.62 | $ | 0.42 | $ | (1.43 | ) | ||
| (1) | The second fiscal quarter tax benefit arose from applying our estimated annual effective tax rate to our year-to-date results. A portion of this benefit is included in our non-GAAP net income, with a larger benefit in our GAAP net income. 第二財政季度的稅收優惠是基於我們估計的年度有效稅率，應用於年初至今的結果。這部分優惠包含在我們的非 GAAP 淨收入中，而在 GAAP 淨收入中則有更大的優惠。 The divergence between the GAAP and non-GAAP tax relates to the difference in our GAAP and non-GAAP estimated annual effective tax rates, which are computed separately. GAAP 和非 GAAP 稅收之間的差異源於我們 GAAP 和非 GAAP 預估年度有效稅率的不同，這些稅率是分別計算的。 |
| RECONCILIATION OF GAAP TO NON-GAAP MEASURES, Continued 繼續進行 GAAP 與非 GAAP 指標的對賬 | |||||||||
| 3rd Qtr. 第三季 | 2nd Qtr. 第二季 | 3rd Qtr. 第三季 | |||||||
| May 30, 五月三十日 2024 | February 29, 二月二十九日 2024 | June 1, 六月一日， 2023 | |||||||
| GAAP net cash provided by operating activities 根據 GAAP 提供的營運活動現金流量 | $ | 2,482 | $ | 1,219 | $ | 24 | |||
| Expenditures for property, plant, and equipment 購置房地產、廠房和設備的支出 | (2,086 | ) | (1,384 | ) | (1,561 | ) | |||
| Payments on equipment purchase contracts 設備購買合約的付款 | (45 | ) | (26 | ) | (36 | ) | |||
| Proceeds from sales of property, plant, and equipment 銷售財產、廠房和設備的收入 | 41 | 13 | 34 | ||||||
| Proceeds from government incentives 政府獎勵的收入 | 33 | 149 | 184 | ||||||
| Investments in capital expenditures, net 資本支出淨投資 | (2,057 | ) | (1,248 | ) | (1,379 | ) | |||
| Adjusted free cash flow 調整後的自由現金流量 | $ | 425 | $ | (29 | ) | $ | (1,355 | ) | |
The tables above reconcile GAAP to non-GAAP measures of gross margin, operating expenses, operating income (loss), net income (loss), diluted shares, diluted earnings (loss) per share, and adjusted free cash flow.
上述表格對 GAAP 和非 GAAP 的毛利率、營業費用、營業收入（虧損）、淨收入（虧損）、稀釋股份、稀釋每股收益（虧損）以及調整後的自由現金流進行了對比。
The non-GAAP adjustments above may or may not be infrequent or nonrecurring in nature, but are a result of periodic or non-core operating activities. We believe this non-GAAP information is helpful in understanding trends and in analyzing our operating results and earnings.
上述的非 GAAP 調整可能是偶發性或非經常性的，但它們是定期或非核心經營活動的結果。我們認為這些非 GAAP 信息有助於理解趨勢並分析我們的經營成果和收益。
We are providing this information to investors to assist in performing analysis of our operating results.
我們提供這些資訊給投資者，以幫助他們分析我們的經營成果。
When evaluating performance and making decisions on how to allocate our resources, management uses this non-GAAP information and believes investors should have access to similar data when making their investment decisions.
在評估績效和資源分配決策時，管理層使用這些非 GAAP 信息，並認為投資者在做出投資決策時應該獲得類似的數據。
We believe these non-GAAP financial measures increase transparency by providing investors with useful supplemental information about the financial performance of our business, enabling enhanced comparison of our operating results between periods and with peer companies.
我們相信這些非 GAAP 財務指標能夠通過提供有用的補充信息來增加透明度，讓投資者更清楚了解我們的財務表現，並能更好地在不同時期和同行公司之間進行比較。
The presentation of these adjusted amounts varies from amounts presented in accordance with U.S. GAAP and therefore may not be comparable to amounts reported by other companies.
這些調整後金額的呈現方式與美國公認會計原則的金額不同，因此可能無法與其他公司報告的金額進行比較。
Our management excludes the following items in analyzing our operating results and understanding trends in our earnings:
我們的管理層在分析經營成果和了解收益趨勢時，排除了以下項目：
- Stock-based compensation;
股票獎勵計劃 - Gains and losses from settlements;
和解所得的收益與損失 - Restructure and asset impairments; and
重組和資產減值；以及 - The estimated tax effects of above, non-cash changes in net deferred income taxes, assessments of tax exposures, certain tax matters related to prior fiscal periods, and significant changes in tax law.
估計的稅務影響包括上述非現金變動的遞延所得稅、稅務風險評估、與前幾個財政年度相關的某些稅務事項以及稅法的重大變更。
Non-GAAP diluted shares are adjusted for the impact of additional shares resulting from the exclusion of stock-based compensation from non-GAAP income (loss).
非 GAAP 稀釋股份是調整了因排除基於股票補償從非 GAAP 收入（損失）中產生的額外股份的影響。
| MICRON TECHNOLOGY, INC. 美光科技股份有限公司 RECONCILIATION OF GAAP TO NON-GAAP OUTLOOK GAAP 與非 GAAP 預測的調整 | ||||||||
| FQ4-24 | GAAP Outlook GAAP 前景 | Adjustments 調整 | Non-GAAP Outlook 非 GAAP 展望 | |||||
| Revenue 營收 | $7.60 billion ± $200 million 76 億美元 ± 2 億美元 | — | $7.60 billion ± $200 million 76 億美元 ± 2 億美元 | |||||
| Gross margin 毛利率 | 33.5% ± 1.0% | 1.0% | A | 34.5% ± 1.0% | ||||
| Operating expenses 營運開支 | $1.19 billion ± $15 million 11.9 億美元 ± 1500 萬美元 | $125 million 一億兩千五百萬美元 | B | $1.06 billion ± $15 million 10.6 億美元 ± 1500 萬美元 | ||||
| Diluted earnings per share(1) 每股稀釋收益 (1) | $0.61 ± $0.08 | $0.47 | A, B, C A、B、C | $1.08 ± $0.08 | ||||
| Non-GAAP Adjustments 非一般公認會計原則調整 (in millions) （以百萬為單位） | ||||||||
| A | Stock-based compensation – cost of goods sold 股票補償 – 銷售成本 | $ | 84 | |||||
| A | Other – cost of goods sold 其他 - 銷貨成本 | 4 | ||||||
| B | Stock-based compensation – research and development 股票補償 – 研發 | 77 | ||||||
| B | Stock-based compensation – sales, general, and administrative 股票補償 – 銷售、一般和行政 | 48 | ||||||
| C | Tax effects of the above items and other tax adjustments 上述項目及其他稅務調整的稅務影響 | 315 | ||||||
| $ | 528 | |||||||
| (1) | GAAP earnings per share based on approximately 1.12 billion diluted shares and non-GAAP earnings per share based on approximately 1.14 billion diluted shares. 根據大約 11.2 億稀釋後股份的 GAAP 每股收益和大約 11.4 億稀釋後股份的非 GAAP 每股收益。 |
The tables above reconcile our GAAP to non-GAAP guidance based on the current outlook.
上表根據當前的預測調整了我們的 GAAP 到非 GAAP 指引。
The guidance does not incorporate the impact of any potential business combinations, divestitures, additional restructuring activities, balance sheet valuation adjustments, strategic investments, financing transactions, and other significant transactions.
該指導未考慮任何潛在的業務合併、剝離、額外的重組活動、資產負債表估值調整、戰略投資、融資交易及其他重大交易的影響。
The timing and impact of such items are dependent on future events that may be uncertain or outside of our control.
這些項目的時間和影響取決於未來可能不確定或我們無法控制的事件。
Contacts:
Satya Kumar
Investor Relations
(408) 450-6199
Erica Rodriguez Pompen
Media Relations
(408) 834-1873
聯絡人：Satya Kumar 投資者關係 (408) 450-6199 Erica Rodriguez Pompen 媒體聯絡 (408) 834-1873