| Annual Financial Results | |||||||||||||||||||
| (in millions, except per share amounts) | GAAP (1) | Non-GAAP (2) | |||||||||||||||||
| FY 19 | FY 18 | FY 19 | FY 18 | ||||||||||||||||
| Revenue | $ | 23,406 | $ | 30,391 | $ | 23,406 | $ | 30,391 | |||||||||||
| Gross margin | $ | 10,702 | $ | 17,891 | $ | 10,973 | $ | 17,994 | |||||||||||
| percent of revenue | 45.7% | 58.9% | 46.9% | 59.2% | |||||||||||||||
| Operating expenses | $ | 3,326 | $ | 2,897 | $ | 3,172 | $ | 2,751 | |||||||||||
| Operating income | $ | 7,376 | $ | 14,994 | $ | 7,801 | $ | 15,243 | |||||||||||
| percent of revenue | 31.5% | 49.3 % | 33.3 % | 50.2 % | |||||||||||||||
| Net income attributable to Micron | $ | 6,313 | $ | 14,135 | $ | 7,314 | $ | 14,700 | |||||||||||
| Diluted earnings per share | $ | 5.51 | $ | 11.51 | $ | 6.35 | $ | 11.95 | |||||||||||
Micron Technology, Inc. Reports Results for the Fourth Quarter and Full Year of Fiscal 2019
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