The company said total revenue for Q3 of fiscal 2024 rose 17% from Q2 of fiscal 2024, and rose 82% from Q3 of fiscal 2023. DRAM revenue increased 13% compared with Q2, and NAND revenue increased 32%.

1. 01

   The company said total revenue for Q3 of fiscal 2024 rose 17% from Q2 of fiscal 2024, and rose 82% from Q3 of fiscal 2023. DRAM revenue increased 13% compared with Q2, and NAND revenue increased 32%.

2. 02

   The company said its consolidated gross margin for Q3 of fiscal 2024 was 27%, up from 19% in Q2, and improved from negative 18% in Q3 of fiscal 2023. It cited higher average selling prices and lower NAND manufacturing costs as factors in the improvement compared with Q2.

3. 03

   The company said it estimates fiscal 2024 capital expenditures for property, plant, and equipment, net of government incentive proceeds, at approximately $8.0 billion. As of May 30, 2024, its purchase obligations for property, plant, and equipment were approximately $1.31 billion.

4. 04

   The company said its cash and marketable investments were $9.15 billion as of May 30, 2024, less than the $10.44 billion as of August 31, 2023. As of the same date, the amount available to draw under its Revolving Credit Facility was $2.50 billion.

Key figures

Quarter ended May 30, 2024

Revenue

$6.8B

Operating income

$719M

Net income

$332M

EPS

$0.30

Gross profit

$1.8B

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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