Micron Technology (Nasdaq: MU) reported earnings on Sep. 27. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Aug. 30 (Q4), Micron Technology missed estimates on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped and GAAP loss per share grew.

Margins dropped across the board.

Revenue details
Micron Technology booked revenue of $1.96 billion. The 29 analysts polled by S&P Capital IQ anticipated sales of $2.11 billion on the same basis. GAAP reported sales were 8.3% lower than the prior-year quarter's $2.14 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at -$0.24. The 27 earnings estimates compiled by S&P Capital IQ averaged -$0.23 per share. GAAP EPS were -$0.24 for Q4 against -$0.14 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 11.2%, 380 basis points worse than the prior-year quarter. Operating margin was -7.1%, 520 basis points worse than the prior-year quarter. Net margin was -12.4%, 610 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $2.26 billion. On the bottom line, the average EPS estimate is -$0.08.

Next year's average estimate for revenue is $9.50 billion. The average EPS estimate is $0.12.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,154 members out of 1,291 rating the stock outperform, and 137 members rating it underperform. Among 207 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 180 give Micron Technology a green thumbs-up, and 27 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Micron Technology is outperform, with an average price target of $9.78.

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