In October, Micron published its report for the fourth quarter of fiscal year 2020, which ended on September 3. Given that this is the last quarter of the year, the report includes data for the year as a whole.
The reporting quarter brought Micron revenue of $6.06 billion. In comparison, the previous quarter reported revenue of $5.44 billion, and the fourth quarter of fiscal year 2019 reported revenue of $4.87 billion. The quarter ended with net profit of $988 million. Moreover, the calculation is not based on GAAP gives a value of $ 1.23 billion.
For the year as a whole, 21.44 billion dollars was received. In fiscal 2019, the company was able to gain 23.41 billion dollars. Net profit for the year was 2.69 billion dollars. Calculation not according to GAAP gives a value of 3.24 billion dollars.
The company’s management notes that good financial results are due to steady demand for DRAM memory and “extraordinary” increase in QLC NAND supplies.