Market Cap : 68.75 B | Enterprise Value : 65.1 B | PE Ratio : 7.11 | PB Ratio : 1.40 |
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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Micron Technology's net income for the three months ended in May. 2022 was $2,626 Mil. Its net income for the trailing twelve months (TTM) ended in May. 2022 was $9,915 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. Micron Technology's Earnings per Share (Diluted) for the three months ended in May. 2022 was $2.34.
The historical data trend for Micron Technology's Net Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.
Net Income
= Revenue
- Cost of Goods Sold
- Selling, General, & Admin. Expense
- Research & Development
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= EBITDA
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Operating Income
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others
Micron Technology's Net Income for the fiscal year that ended in Aug. 2021 is calculated as
Net Income | (A: Aug. 2021 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 6218 | + | -394 | + | 0 | + | 37 |
= | 5,861 |
Micron Technology's Net Income for the quarter that ended in May. 2022 is calculated as
Net Income | (Q: May. 2022 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 2988 | + | -358 | + | 0 | + | -4 |
= | 2,626 |
Net Income for the trailing twelve months (TTM) ended in May. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $9,915 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Net income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:
Micron Technology's Earnings per Share (Diluted) (EPS) for the quarter that ended in May. 2022 is calculated as
Earnings per Share (Diluted) (Q: May. 2022 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (2626 | - | 0) | / | 1121.000 | |
= | 2.34 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
EPS is most useful for companies that have:
A predictable businessThe dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Thank you for viewing the detailed overview of Micron Technology's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Murphy Mark J. | officer: EVP & Chief Financial Officer | DELPHI AUTOMOTIVE PLC 5725 DELPHI DRIVE TROY MI 48098 |
Beard Robert P | officer: SVP, General Counsel&Secretary | 8000 S. FEDERAL WAY BOISE ID 83716 |
Haynesworth Linnie M | director | 214 N TRYON STREET CHARLOTTE NC 28202 |
Allen Scott R. | officer: CVP, Chief Accounting Officer | 11690 N.W. 105TH STREET MIAMI FL 33178 |
Dugle Lynn A | director | 4803 STONECROFT BOULEVARD CHANTILLY VA 20151 |
Marosvari Paul | officer: VP, Chief Accounting Officer | 8000 S. FEDERAL WAY BOISE ID 83716 |
Wright Mary Ann | director | 250 STEPHENSON HIGHWAY TROY MI 48083 |
Gomo Steven J | director | 495 E. JAVA DRIVE SUNNYVALE CA 94089 |
Mccarthy Mary Pat | director | 2704 WEST 112TH STREET LEAWOOD KS 66211 |
Bokan Michael W | officer: SVP, WORLDWIDE SALES | 8000 S FEDERAL WAY MS 1-557 BOISE ID 83716 |
Zinsner David | officer: SVP & Chief Financial Officer | 1001 MURPHY RANCH ROAD MILPITAS CA 95035 |
Bhatia Manish H | officer: EVP, Global Operations | C/O WESTERN DIGITAL CORPORATION 5601 GREAT OAKS PARKWAY SAN JOSE CA 95119 |
Sadana Sumit | officer: EVP & Chief Business Officer | 47544 AVALON HEIGHTS TERRACE FREMONT CA 94539 |
Mehrotra Sanjay | officer: President & CEO | C/O WESTERN DIGITAL CORPORATION 3355 MICHELSON DRIVE, SUITE 100 IRVINE CA 92612 |
Maddock Ernest E | officer: CFO & VP, Finance | LAM RESEARCH 4650 CUSHING PARKWAY FREMONT CA 94538 |
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