Analysis of Reportable Segments
Micron Technology Inc. operates in 4 segments: Compute and Networking Business Unit (CNBU); Mobile Business Unit (MBU); Embedded Business Unit (EBU); and Storage Business Unit (SBU).
Segment Profit Margin
Micron Technology Inc., profit margin by reportable segment
| Aug 29, 2024 | Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | Aug 29, 2019 | |
|---|---|---|---|---|---|---|
| Compute and Networking Business Unit (CNBU) | 10.30% | -10.25% | 42.68% | 34.98% | 21.89% | 46.60% |
| Mobile Business Unit (MBU) | 1.79% | -48.21% | 29.75% | 30.17% | 18.84% | 40.70% |
| Embedded Business Unit (EBU) | 4.31% | 10.50% | 33.47% | 23.90% | 10.91% | 29.42% |
| Storage Business Unit (SBU) | -7.88% | -73.91% | 11.27% | 4.35% | 0.96% | -10.09% |
Based on: 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Compute and Networking Business Unit (CNBU) | Compute and Networking Business Unit (CNBU) segment profit margin ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
| Mobile Business Unit (MBU) | Mobile Business Unit (MBU) segment profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level. | |
| Embedded Business Unit (EBU) | Embedded Business Unit (EBU) segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. | |
| Storage Business Unit (SBU) | Storage Business Unit (SBU) segment profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level. |
Segment Profit Margin: Compute and Networking Business Unit (CNBU)
Micron Technology Inc.; Compute and Networking Business Unit (CNBU); segment profit margin calculation
| Aug 29, 2024 | Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | Aug 29, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Operating income (loss) | 980) | (585) | 5,844) | 4,295) | 2,010) | 4,645) |
| Revenue | 9,513) | 5,710) | 13,693) | 12,280) | 9,184) | 9,968) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | 10.30% | -10.25% | 42.68% | 34.98% | 21.89% | 46.60% |
Based on: 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29).
1 2024 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Revenue
= 100 × 980 ÷ 9,513 = 10.30%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Compute and Networking Business Unit (CNBU) | Compute and Networking Business Unit (CNBU) segment profit margin ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Segment Profit Margin: Mobile Business Unit (MBU)
Micron Technology Inc.; Mobile Business Unit (MBU); segment profit margin calculation
| Aug 29, 2024 | Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | Aug 29, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Operating income (loss) | 114) | (1,750) | 2,160) | 2,173) | 1,074) | 2,606) |
| Revenue | 6,354) | 3,630) | 7,260) | 7,203) | 5,702) | 6,403) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | 1.79% | -48.21% | 29.75% | 30.17% | 18.84% | 40.70% |
Based on: 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29).
1 2024 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Revenue
= 100 × 114 ÷ 6,354 = 1.79%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Mobile Business Unit (MBU) | Mobile Business Unit (MBU) segment profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level. |
Segment Profit Margin: Embedded Business Unit (EBU)
Micron Technology Inc.; Embedded Business Unit (EBU); segment profit margin calculation
| Aug 29, 2024 | Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | Aug 29, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Operating income (loss) | 199) | 382) | 1,752) | 1,006) | 301) | 923) |
| Revenue | 4,614) | 3,637) | 5,235) | 4,209) | 2,759) | 3,137) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | 4.31% | 10.50% | 33.47% | 23.90% | 10.91% | 29.42% |
Based on: 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29).
1 2024 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Revenue
= 100 × 199 ÷ 4,614 = 4.31%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Embedded Business Unit (EBU) | Embedded Business Unit (EBU) segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: Storage Business Unit (SBU)
Micron Technology Inc.; Storage Business Unit (SBU); segment profit margin calculation
| Aug 29, 2024 | Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | Aug 29, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Operating income (loss) | (362) | (1,887) | 513) | 173) | 36) | (386) |
| Revenue | 4,592) | 2,553) | 4,553) | 3,973) | 3,765) | 3,826) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | -7.88% | -73.91% | 11.27% | 4.35% | 0.96% | -10.09% |
Based on: 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29).
1 2024 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Revenue
= 100 × -362 ÷ 4,592 = -7.88%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Storage Business Unit (SBU) | Storage Business Unit (SBU) segment profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level. |
Revenue
Micron Technology Inc., revenue by reportable segment
US$ in millions
| Aug 29, 2024 | Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | Aug 29, 2019 | |
|---|---|---|---|---|---|---|
| Compute and Networking Business Unit (CNBU) | 9,513) | 5,710) | 13,693) | 12,280) | 9,184) | 9,968) |
| Mobile Business Unit (MBU) | 6,354) | 3,630) | 7,260) | 7,203) | 5,702) | 6,403) |
| Embedded Business Unit (EBU) | 4,614) | 3,637) | 5,235) | 4,209) | 2,759) | 3,137) |
| Storage Business Unit (SBU) | 4,592) | 2,553) | 4,553) | 3,973) | 3,765) | 3,826) |
| All Other | 38) | 10) | 17) | 40) | 25) | 72) |
| Total | 25,111) | 15,540) | 30,758) | 27,705) | 21,435) | 23,406) |
Based on: 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29).
Operating income (loss)
Micron Technology Inc., operating income (loss) by reportable segment
US$ in millions
| Aug 29, 2024 | Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | Aug 29, 2019 | |
|---|---|---|---|---|---|---|
| Compute and Networking Business Unit (CNBU) | 980) | (585) | 5,844) | 4,295) | 2,010) | 4,645) |
| Mobile Business Unit (MBU) | 114) | (1,750) | 2,160) | 2,173) | 1,074) | 2,606) |
| Embedded Business Unit (EBU) | 199) | 382) | 1,752) | 1,006) | 301) | 923) |
| Storage Business Unit (SBU) | (362) | (1,887) | 513) | 173) | 36) | (386) |
| All Other | 17) | 8) | 12) | 20) | (2) | 13) |
| Total | 948) | (3,832) | 10,281) | 7,667) | 3,419) | 7,801) |
Based on: 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29).