Micron: Results Are Terrible, And China Sales Are Dropping Like A Rock – Avoid


  • Micron Technology’s fiscal year 2023 revenue decreased by 49% compared to the previous year, with negative gross profit and losses per share.
  • The loss of sales revenue in China and Hong Kong due to a dispute with China has greatly impacted Micron’s financial metrics.
  • Despite poor financial performance, Micron’s share price has increased by 30% in the last 12 months, potentially driven by market trends rather than company performance.

Taiwan Micron Technology Company plant.

BING-JHEN HONG/iStock Editorial via Getty Images


Micron Technology, Inc. (NASDAQ:MU) is one of the ten largest semiconductor companies in the world.

However, for the fiscal year ending August 2023, revenue was down by an amazing 49% compared to 2022’s results.

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