Edwyn
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $27,705 | $30,758 | $15,540 | $25,111 | $37,378 |
| Gross Profit | $10,423 | $13,898 | -$1,416 | $5,613 | $14,873 |
| Operating Income | $6,283 | $9,702 | -$5,745 | $1,304 | $9,770 |
| Net Income | $5,861 | $8,687 | -$5,833 | $778 | $8,539 |
Over the five-year period, Micron Technology’s income statement shows periods of both robust performance and significant volatility. Revenue grew from $27.7 billion in 2021 to $30.8 billion in 2022, representing a solid increase that aligns with the overall strength in the semiconductor industry. However, in 2023, revenue sharply declined to $15.5 billion—nearly a 50% drop compared to 2022—suggesting a tumultuous year likely influenced by external market or supply chain conditions. The recovery from this dip is evident with revenues rebounding to $25.1 billion in 2024 and reaching $37.4 billion in 2025, indicating the company’s capacity to recover and grow following a significant downturn. Gross profit and operating income trends parallel this pattern. Both gross profit and operating income increased in 2021 and 2022, with gross profit rising from $10.4 billion to $13.9 billion, and operating income from $6.3 billion to $9.7 billion. In 2023, these metrics turned negative (gross profit at –$1.4 billion and operating income at –$5.7 billion), suggesting severe margin pressures and operational challenges during that year. A modest recovery is observed in 2024 with gross profit and operating income returning to positive territory ($5.6 billion and $1.3 billion, respectively), followed by a strong rebound in 2025. The net income trend mirrors these swings, plunging into a loss in 2023 and then recovering thereafter. Overall, despite the pronounced year-over-year declines in 2023, the subsequent recovery and strong performance in 2025 signal a resilient financial position, underpinned by a bleeding-edge technological product portfolio and market demand in the semiconductor space.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.