| Year Ended | Year Ended | ||||||||||||||||||
| August 30, 2018 | August 31, 2017 | ||||||||||||||||||
| GAAP | Adj | Non-GAAP | GAAP | Adj | Non-GAAP | ||||||||||||||
| Net sales | $ | 30,391 | $ | — | $ | 30,391 | $ | 20,322 | $ | — | $ | 20,322 | |||||||
| Cost of goods sold | 12,500 | (103 | ) | 12,397 | 11,886 | (203 | ) | 11,683 | |||||||||||
| Gross margin | 17,891 | 103 | 17,994 | 8,436 | 203 | 8,639 | |||||||||||||
| percent of revenue | 58.9% | 59.2% | 41.5% | 42.5% | |||||||||||||||
| Selling, general, and administrative | 813 | (61 | ) | 752 | 743 | (88 | ) | 655 | |||||||||||
| Research and development | 2,141 | (57 | ) | 2,084 | 1,824 | (55 | ) | 1,769 | |||||||||||
| Other operating (income) expense, net | (57 | ) | (28 | ) | (85 | ) | 1 | (18 | ) | (17 | ) | ||||||||
| Operating expenses | 2,897 | (146 | ) | 2,751 | 2,568 | (161 | ) | 2,407 | |||||||||||
| Operating income (loss) | 14,994 | 249 | 15,243 | 5,868 | 364 | 6,232 | |||||||||||||
| percent of revenue | 49.3% | 50.2% | 28.9% | 30.7% | |||||||||||||||
| Interest income (expense), net | (222 | ) | 101 | (121 | ) | (560 | ) | 125 | (435 | ) | |||||||||
| Other non-operating income (expense), net | (465 | ) | 465 | — | (112 | ) | 112 | — | |||||||||||
| 14,307 | 815 | 15,122 | 5,196 | 601 | 5,797 | ||||||||||||||
| Income tax (provision) benefit | (168 | ) | (250 | ) | (418 | ) | (114 | ) | (59 | ) | (173 | ) | |||||||
| Equity in net income (loss) of equity method investees | (1 | ) | — | (1 | ) | 8 | 17 | 25 | |||||||||||
| Net income (loss) | 14,138 | 565 | 14,703 | 5,090 | 559 | 5,649 | |||||||||||||
| Net income (loss) attributable to noncontrolling interests | (3 | ) | — | (3 | ) | (1 | ) | — | (1 | ) | |||||||||
| Net income (loss) attributable to Micron | $ | 14,135 | $ | 565 | $ | 14,700 | $ | 5,089 | $ | 559 | $ | 5,648 | |||||||
| Shares used in calculations | 1,229 | 1 | 1,230 | 1,154 | (14 | ) | 1,140 | ||||||||||||
| Diluted earnings (loss) per share | $ | 11.51 | $ | 0.44 | $ | 11.95 | $ | 4.41 | $ | 0.55 | $ | 4.96 | |||||||
Micron Technology, Inc., Reports Results for the Fourth Quarter and Full Year of Fiscal 2018
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