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Micron Technology Q2 GAAP net income $1.62 billion, revenue $5.84 billion

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Staff Writer |
Micron Technology
Micron Technology   Operating cash flow was $3.44 billion versus $4.35 billion

Micron Technology announced results for its second quarter of fiscal 2019, which ended Feb. 28, 2019.

Fiscal Q2 2019 highlights:

Revenue of $5.84 billion, versus $7.35 billion for the same period last year.

GAAP net income of $1.62 billion, or $1.42 per diluted share.

Non-GAAP net income of $1.97 billion, or $1.71 per diluted share.

Operating cash flow of $3.44 billion versus $4.35 billion for the same period last year.

Share repurchases of $702 million under the authorized buyback program.

"Micron continues to execute well across a range of product, operational and financial initiatives against the backdrop of a challenging market environment," said Micron Technology President and CEO Sanjay Mehrotra.

"These initiatives and our focus on high-value solutions, cost competitiveness and innovation will enable us to emerge even stronger as the market environment improves."


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