Micron Company Profile
Collected Form 10-K metrics, trend charts, and initial interpretation for Micron within the AI infrastructure analytics portfolio.
First data slice
First Data Slice: Micron
A collected dataset for adding memory, HBM, and cycle-risk economics to the AI infrastructure framework.
Collected from Micron Form 10-K filings. Status: collected, pending independent review.
FY2024 highlights
Revenue
$25,111M
Gross Margin
22.35%
Operating Margin
5.19%
R&D Intensity
13.66%
CapEx Intensity
33.40%
Four-year view
| Fiscal Year | Period Ended | Revenue | Gross Margin | Operating Margin | R&D Intensity | CapEx Intensity | Status |
|---|---|---|---|---|---|---|---|
| 2021 | 2021-09-02 | $27,705M | 37.62% | 22.68% | 9.61% | 36.20% | collected |
| 2022 | 2022-09-01 | $30,758M | 45.18% | 31.54% | 10.13% | 39.23% | collected |
| 2023 | 2023-08-31 | $15,540M | -9.11% | -36.97% | 20.04% | 49.40% | collected |
| 2024 | 2024-08-29 | $25,111M | 22.35% | 5.19% | 13.66% | 33.40% | collected |
Source: Micron Form 10-K filings.
Gross profit definition: Micron labels the gross profit amount as "Gross margin" in its Consolidated Statements of Operations; this page stores that dollar amount as grossProfit.
CapEx definition: Capital expenditure uses Micron cash flow statement line item "Expenditures for property, plant, and equipment."
Unit: All raw financial figures are stored in USD millions.
Fiscal-year note: Micron fiscal year is the 52 or 53-week period ending on the Thursday closest to August 31; FY2021–FY2024 were 52-week fiscal years.
Status: Rows are marked as collected, not independently reviewed, until a later independent review step.
FY2023 filing amounts (USD millions): gross profit (stored as grossProfit) -$1,416M; operating income -$5,745M.
Micron Revenue Trend
Fiscal-year revenue from collected Micron Form 10-K figures.
Status: collected, pending independent review.
Source: Micron Form 10-K filings. Amounts stored in USD millions.
Micron Margin Trend
Gross margin and operating margin from collected Micron Form 10-K figures.
Status: collected, pending independent review.
Source: Micron Form 10-K filings. Ratios calculated from stored USD millions figures.
Micron Reinvestment Intensity Trend
R&D intensity and CapEx intensity calculated from collected Micron Form 10-K figures.
Status: collected, pending independent review.
Source: Micron Form 10-K filings. Ratios calculated from stored USD millions figures.
R&D intensity = R&D expense / revenue. CapEx intensity = capital expenditure / revenue.
Initial Interpretation
What the first Micron slice suggests before the broader memory, HBM, and cycle-risk comparison is built.
Cyclical revenue swing
Data basis
Revenue was $30,758M in FY2022, $15,540M in FY2023, and $25,111M in FY2024.
Interpretation
Micron’s collected series shows a sharp FY2023 downturn followed by FY2024 recovery, which fits memory’s cyclical demand and pricing exposure rather than a stable platform-margin profile.
Negative FY2023 margins
Data basis
FY2023 gross margin was -9.11% and operating margin was -36.97%.
Interpretation
FY2023 gross margin and operating margin were negative in the filing and are preserved as negative values. This makes Micron a useful cycle-risk node in the AI infrastructure framework.
High capital intensity through the cycle
Data basis
CapEx intensity was 49.40% in FY2023 and 33.40% in FY2024.
Interpretation
Micron continued to carry high direct CapEx intensity even through the downturn and recovery, showing that memory suppliers can absorb heavy manufacturing investment before cycle recovery is visible in margins.
Memory / HBM exposure
Data basis
FY2024 revenue was $25,111M with gross margin 22.35%.
Interpretation
Micron adds the memory and HBM layer to the portfolio. Unlike fabless compute suppliers, its economics are shaped by commodity-like memory cycles, manufacturing utilization, and product-mix recovery.
These interpretations are based only on collected Micron Form 10-K figures and should be treated as an initial company-level reading, not a full cross-company conclusion.
Reference
Source & Methodology
How the Micron profile data is sourced, stored, and interpreted.
Official sources
Primary inputs are Micron Form 10-K annual filings. Links below use the filing URLs stored in the collected metadata; fiscal-year rows map to the filing set noted for each slice.
Used for FY2021
Used for FY2022, FY2023, FY2024
At least one row's filing note references cross-checking FY2022 against another Form 10-K in the chain; see the underlying source note text in the dataset for that fiscal year.
Source notes
Income statement data comes from Consolidated Statements of Operations. Micron labels the gross profit amount as "Gross margin"; this page stores that dollar amount as grossProfit. Capital expenditure uses the cash flow statement line item "Expenditures for property, plant, and equipment." Amounts are stored in USD millions—aligned with the recurring language in the collected filing notes, without restating row-level figures here.
FY2023 gross profit and operating income were negative in the filing and are stored as negative values in this dataset.
Fiscal-year treatment
Micron fiscal year is the 52 or 53-week period ending on the Thursday closest to August 31. FY2021–FY2024 were 52-week fiscal years, as described in the collected filing notes.
The fiscalYear field uses Micron's reported fiscal-year label (for example FY2024).
When periodEnded is present on a row, it records the fiscal period end date for that fiscal year as stated in the filing trail for that row.
Metric construction
Raw metrics stored per fiscal year include revenue, grossProfit, operatingIncome, rdExpense, capitalExpenditure.
Derived metrics include revenueGrowth, grossMargin, operatingMargin, rdIntensity, capexIntensity. These ratios are calculated from the stored raw figures for the same row.
CapEx definition
Capital expenditure uses Micron's cash flow statement line item "Expenditures for property, plant, and equipment." Outflows are stored as positive magnitudes in this file for consistency with other issuers in the portfolio.
Status and limitation
Status values in this slice: collected. Where the status is collected, it means figures were sourced from official issuer filings in structured form and remain pending independent review beyond this page's scope.
The interpretation section above is a company-level reading of the collected series. It is not an investment recommendation, not advice on whether to transact in any security, and not a full cross-company conclusion under one reconciled framework yet.