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Micron Technology Inc. (MU)

Micron makes memory and storage semiconductors, selling DRAM, NAND and NOR products under its Micron brand and through private labels. It manufactures in its own facilities in Taiwan, Singapore, Japan, the United States, Malaysia, China and India, on 300mm wafers in plants that generally run around the clock, and also uses subcontractors for certain processes. It runs what it calls manufacturing centers of excellence that bring end-to-end manufacturing together in one location; in Singapore and Taiwan that means fabrication and back-end manufacturing on the same site.

Micron Technology Inc.

Micron makes memory and storage semiconductors, selling DRAM, NAND and NOR products under its Micron brand and through private labels. It manufactures in its own facilities in Taiwan, Singapore, Japan, the United States, Malaysia, China and India, on 300mm wafers in plants that generally run around the clock, and also uses subcontractors for certain processes. It runs what it calls manufacturing centers of excellence that bring end-to-end manufacturing together in one location; in Singapore and Taiwan that means fabrication and back-end manufacturing on the same site.

The business is run as four business units. The Cloud Memory Business Unit covers memory for large hyperscale cloud customers plus high-bandwidth memory for all data center customers. The Core Data Center Business Unit covers storage for all data center customers and memory for OEM data center, enterprise and NeoCloud customers, which the filing defines as AI-focused cloud service providers distinct from the traditional hyperscale ones. The Mobile and Client Business Unit covers memory and storage for phones and PCs. The Automotive and Embedded Business Unit covers automotive, industrial and consumer devices.

DRAM

DRAM devices retrieve data at high speed but lose their contents when power is turned off, and they go into data center, client PC, graphics, industrial, mobile and automotive markets. In 2025 Micron began shipping its 1-gamma production node, its first DRAM node using EUV lithography, and the majority of its DRAM bit production in the fourth quarter of 2026 was on that node.

High-bandwidth memory is a 3D stacked DRAM architecture using through-silicon via connections, which the filing says gives higher bandwidth at lower power, suiting AI and high-performance computing. HBM3E 12-high made up the majority of HBM shipments in 2026. In 2026 Micron began volume production of HBM4 36GB 12-high and delivered samples of HBM4 48GB 16-high to multiple key customers, and it says it expects to ramp volume of the next generation, HBM4E, in calendar 2027.

The other DRAM types are DDR, which transfers data twice per clock cycle and is now in its fifth generation as DDR5; low-power DRAM for mobile and other power-conscious uses, which the filing says is being taken up across mobile, PC, automotive and data center; and graphics DRAM for graphics cards, gaming consoles and high-performance computing.

NAND and NOR

NAND devices are non-volatile and re-writable, giving high capacity at low cost. They go into solid state drives for data center, client PC, consumer and automotive markets and into removable storage; managed NAND goes into smartphones and other mobile devices and into consumer, automotive and embedded markets. Volume production of Micron G9 NAND, the ninth-generation 3D NAND node, began in 2024, and the majority of NAND bit production in 2026 was on the G8 and G9 nodes. In 2026 the company began shipping a 245TB data center SSD built with G9 QLC NAND.

NOR devices are non-volatile and re-writable with fast read speeds, used mainly for code storage in automotive, industrial and consumer applications.

How the products reach the market

Products are sold as components, modules, solid state drives, managed NAND, multi-chip packages and wafers, mainly through Micron's own direct sales force and also through distributors, retailers and independent sales representatives. Consumer DRAM modules and SSDs were sold through retail under the Crucial brand until the company announced an exit from that part of the business in December 2025; it still supplies DRAM and NAND components to channel partners. Some contracts are short-term, and the company also has strategic customer agreements structured as take-or-pay, with binding volume commitments over multi-year terms, backed by customer cash deposits and letters of credit. In each of the last three years, approximately one-half of total revenue came from the top ten customers.

Competition

The filing names Samsung Electronics, SK hynix, Kioxia, Sandisk, ChangXin Memory Technologies and Yangtze Memory Technologies as competitors, and says government support for some of them, including by the Chinese government, raises the risk of DRAM and NAND oversupply. It also says the May 2023 decision by China's Cyberspace Administration that critical information infrastructure operators in China may not buy Micron products hurt its ability to compete in China and elsewhere. As of 3 September 2026 it had been granted over 62,000 patents.

From Micron Technology's annual report on Form 10-K for the year ended 3 September 2026. The filing

Compare with another name What $10,000 in Micron Technology became

Latest results

Latest quarterQ4 FY2026ended 3 September 2026 · 10-K filed 9 October 2026
Revenue
$54.2 billion
+379.3% on the year · +30.8% on the quarter
Q1 FY2025Q4 FY2026
Net income
$37.7 billion
+1,077.8% on the year · +33.5% on the quarter
Q1 FY2025Q4 FY2026
Diluted EPS
$32.87
+1,061.5% on the year · +33.2% on the quarter
Q1 FY2025Q4 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q4 FY2026 results →the 10-K on EDGAR ↗
Last full yearFY2026ended 3 September 2026 · 10-K filed 9 October 2026
Revenue
$133.2 billion
+256.3% on the year
FY2019FY2026
Net income
$85.0 billion
+895.1% on the year
FY2019FY2026
Diluted EPS
$74.33
+879.3% on the year
FY2019FY2026

this yearthe year beforeHover a bar for its figure.

The years before, in wordsMicron Technology (MU) reported revenue of $133.2 billion for fiscal 2026, the year ended 3 September 2026, up 256.3% on the year before. Net income was $85.0 billion and diluted earnings per share $74.33. Revenue was $37.4 billion in fiscal 2025, $25.1 billion in fiscal 2024, $15.5 billion in fiscal 2023 and $30.8 billion in fiscal 2022. Net income in the same years was $8.5 billion, $778 million, a loss of $5.8 billion and $8.7 billion. Revenue grew 36.9% a year, compounded, over the five years to fiscal 2026. Micron Technology declared $0.53 a share in dividends over the last four quarters and had 1.13 billion shares outstanding at the latest filed count. At 3 September 2026 it carried $5.2 billion of debt and $38.4 billion of cash. At the close of 6 November 2026 the market cap of Micron Technology was $780.6 billion, 9.3 times its earnings over the last twelve months.
Read the FY2026 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROE61.4%
ROCE69.2%
Operating margin74.6%
Net margin63.8%
FCF margin44.3%
Interest cover937.2x
Debt to equity0.04x
Cash conversion1.06x
Share count, last 12 months0.8%
Sales CAGR, 3 years104.6%
Profit CAGR, 3 yearsn/a
EPS, TTM$74.21

At the close of 6 November 2026

Price$690.20
Market cap$780.6 billion
Stock P/E9.3x
Price to book5.6x
EV / EBITDA6.9x
Dividend yield0.1%
Market cap / sales5.9x
52-week high$1,213.56
52-week low$201.37
Price, 1 year189.6%
Price CAGR, 3 years111.6%
Price CAGR, 5 years56.8%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Micron Technology Inc.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
MUgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026 *
Revenue7,6877,7868,6426,6434,0853,6933,7524,0104,7265,8246,8117,7508,7098,0539,30111,31513,64323,86041,45654,229
Cost of revenue4,1224,1104,6074,0213,1924,8994,4204,4454,7614,7454,9795,0135,3615,0905,7936,2615,9976,1056,4007,182
Gross profit3,5653,6764,0352,622893-1,206-668-435-35.01,0791,8322,7373,3482,9633,5085,0547,64617,75535,05647,047
Gross margin46%47%47%39%22%-33%-18%-11%-1%19%27%35%38%37%38%45%56%74%85%87%
R&D7127927738398497887587198458328509038888989651,0471,1711,2501,3161,913
SG&A259263264280251231219219263280291295288285318314337344407859
Operating income2,6312,5463,0041,521-209-2,303-1,761-1,472-1,1281917191,5222,1741,7732,1693,6546,13616,13533,31843,751
Operating margin34%33%35%23%-5%-62%-47%-37%-24%3%11%20%25%22%23%32%45%68%80%81%
Interest expense45.055.044.045.051.089.011912913214415013611811212312474.032.00.00.0
Pre-tax income2,5212,5092,9881,553-176-2,271-1,753-1,458-1,1551707151,5102,1521,7582,1133,6316,06116,16033,21244,238
Tax rate9%10%12%4%n/an/an/an/an/a-366%53%41%13%10%11%12%14%15%15%15%
Net income2,3062,2632,6261,492-195-2,312-1,896-1,430-1,2347933328871,8701,5831,8853,2015,24013,78528,24337,701
Net margin30%29%30%22%-5%-63%-51%-36%-26%14%5%11%21%20%20%28%38%58%68%70%
Diluted EPS$2.04$2.00$2.34$1.37-$0.18-$2.12-$1.73-$1.31-$1.12$0.71$0.30$0.79$1.67$1.41$1.68$2.83$4.60$12.07$24.67$32.87
Operating cash flow3,9383,6283,8383,77794334324.02491,4011,2192,4823,4053,2443,9424,6095,7308,41111,90325,38843,973
Capital expenditure3,2652,6112,5783,6132,4492,2051,5611,4611,7961,3842,0863,1203,2064,0552,9385,6585,3896,3877,82611,110
Free cash flow6731,0171,260164-1,506-1,862-1,537-1,212-395-16539628538.0-1131,67172.03,0225,51617,56232,863
Buybacks2594089817844250.00.00.00.00.00.03000.00.00.00.03003500.00.0
Dividends paid112112111126126126126126129127128129131130131130134132171173
Shares outstanding1,120m1,118m1,105m1,094m1,091m1,094m1,095m1,098m1,104m1,107m1,109m1,109m1,114m1,118m1,119m1,122m1,126m1,128m1,129m1,131m
Filing10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2009FY2010FY2011 †FY2012 †FY2013 †FY2014 †FY2015FY2016FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022FY2023FY2024FY2025FY2026TTM
Revenue4,8038,4828,7888,2349,07316,35816,19212,39920,32230,39123,40621,43527,70530,75815,54025,11137,378133,188133,188
Cost of revenue5,2435,7687,0307,2667,22610,92110,9779,89411,88612,50012,70414,88317,28216,86016,95619,49822,50525,68425,684
Gross profit-4402,7141,7589681,8475,4375,2152,5058,43617,89110,7026,55210,42313,898-1,4165,61314,873107,504107,504
Gross margin-9.2%32.0%20.0%11.8%20.4%33.2%32.2%20.2%41.5%58.9%45.7%30.6%37.6%45.2%-9.1%22.4%39.8%80.7%80.7%
Research and development6476247919189311,3711,5401,6171,8242,1412,4412,6002,6633,1163,1143,4303,7985,6505,650
Selling, general and administrative3545285926205627077196597438138368818941,0669201,1291,2051,9471,947
Operating income-1,6761,589761-6122363,0872,9981685,86814,9947,3763,0036,2839,702-5,7451,3049,77099,34099,340
Operating margin-34.9%18.7%8.7%-7.4%2.6%18.9%18.5%1.4%28.9%49.3%31.5%14.0%22.7%31.5%-37.0%5.2%26.1%74.6%74.6%
Interest expense182178124179231352371437601342128194183189388562477106106
Pre-tax income-1,8521,920551-7541,2852,7332,609-2815,19614,3077,0482,9836,2189,571-5,6581,2409,65499,67199,671
Income tax1.0-19.0203-17.08.012815719.01141686932803948881774511,12414,76114,761
Effective tax raten/a-1.0%36.8%n/a0.6%4.7%6.0%n/a2.2%1.2%9.8%9.4%6.3%9.3%n/a36.4%11.6%14.8%14.8%
Net income-1,8821,850167-1,0321,1903,0452,899-2765,08914,1356,3132,6875,8618,687-5,8337788,53984,96984,969
Net margin-39.2%21.8%1.9%-12.5%13.1%18.6%17.9%-2.2%25.0%46.5%27.0%12.5%21.2%28.2%-37.5%3.1%22.8%63.8%63.8%
Diluted EPS-$2.35$1.85$0.17-$1.04$1.13$2.54$2.47-$0.27$4.41$11.51$5.51$2.37$5.14$7.75-$5.34$0.70$7.59$74.33$74.21
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2010 to FY2026

FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026Share
of the parts, latest year
CMBUn/an/an/an/an/an/an/an/an/an/an/an/an/a1,8723,79213,52443,08532.3%
CDBUn/an/an/an/an/an/an/an/an/an/an/an/an/a2,1244,9847,22937,59228.2%
MCBUn/an/an/an/an/an/an/an/an/an/an/an/an/a7,39411,66711,85936,60127.5%
AEBUn/an/an/an/an/an/an/an/an/an/an/an/an/a4,1394,6314,75315,88611.9%
All other4324284522981448910065597225401711371324under 0.1%
CNBUn/an/a2,6673,4627,3336,7254,5298,62415,2529,9689,18412,28013,693n/an/an/an/an/a
DSG4,6383,203n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
EBUn/an/a1,0971,2751,7741,9991,9392,6953,4793,1372,7594,2095,235n/an/an/an/an/a
ESG5211,002n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
MBUn/an/a1,1761,2143,6273,6922,5694,4246,5796,4035,7027,2037,260n/an/an/an/an/a
NSG2,1132,196n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
SBUn/an/a2,8422,8243,4803,6873,2624,5145,0223,8263,7653,9734,553n/an/an/an/an/a
WSG7781,959n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
CMBU FY2023 to FY2026CDBU FY2023 to FY2026MCBU FY2023 to FY2026AEBU FY2023 to FY2026All otherCNBU FY2012 to FY2022MBU FY2012 to FY2022SBU FY2012 to FY2022EBU FY2012 to FY2022DSG FY2010 to FY2011NSG FY2010 to FY2011WSG FY2010 to FY2011ESG FY2010 to FY2011
8.8FY201116.4FY201420.3FY201721.4FY202015.5FY2023133.2FY2026

$ billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Profit by segment FY2010 to FY2026

The operating profit each segment reports. Costs Micron Technology does not charge to a segment are left out, so the segments can add up to more than the company's own operating profit.

FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026Margin
FY2026
CMBUn/an/an/an/an/an/an/an/an/an/an/an/an/a-7682446,12931,22572.5%
CDBUn/an/an/an/an/an/an/an/an/an/an/an/an/a-5632552,18029,53978.6%
MCBUn/an/an/an/an/an/an/an/an/an/an/an/an/a-3,189-11,98129,20879.8%
AEBUn/an/an/an/an/an/an/an/an/an/an/an/an/a68043255711,21770.6%
All other-49-60-111-5994442823013-22012818-128.3%
CNBUn/an/a-4581601,9571,549-253,7559,7734,6452,0104,2955,844n/an/an/an/an/a
DSG1,269290n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
EBUn/an/a1292273314594739751,4739233011,0061,752n/an/an/an/an/a
ESG152236n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
MBUn/an/a-371-2656831,166979273,0332,6061,0742,1732,160n/an/an/an/an/a
NSG240276n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
SBUn/an/a199173255-39-123552964-38636173513n/an/an/an/an/a
WSG-2319n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
CMBU FY2023 to FY2026CNBU FY2012 to FY2022DSG FY2010 to FY2011CDBU FY2023 to FY2026MBU FY2012 to FY2022NSG FY2010 to FY2011MCBU FY2023 to FY2026SBU FY2012 to FY2022WSG FY2010 to FY2011AEBU FY2023 to FY2026EBU FY2012 to FY2022ESG FY2010 to FY2011All other FY2010 to FY2026
0.76FY20113.3FY20146.2FY20173.4FY2020-3.8FY2023101.2FY2026

$ billion; the figure over a bar is all the segments together; a year a segment lost money, it hangs below the line. Hover a block for its profit, sales and margin.

FY2026Share of salesShare of profit
CMBU32%31%
CDBU28%29%
MCBU27%29%
AEBU12%11%
All otherunder 1%under 1%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has an operating profit figure. A margin is a segment's operating profit over its own sales.

Revenue by product or service FY2010 to FY2026

FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026Share
of the parts, latest year
DRAM5,0523,6203,1784,36111,16410,3397,20712,96322,62516,84114,51020,03922,38610,97817,60328,578100,67975.6%
NANDn/an/an/an/an/an/an/a6,5856,5105,3556,1317,0077,8114,2067,2278,50331,78523.9%
Other (primarily NOR)4244284521,1237265795537741,2561,2107946595613562812977240.5%
NAND Flash2,5553,1933,627n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
NOR Flash4511,547977n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Non-Traden/an/an/an/an/a463501n/an/an/an/an/an/an/an/an/an/an/a
Non-Volatile Memoryn/an/an/a3,5894,468n/an/an/an/an/an/an/an/an/an/an/an/an/a
Trade NANDn/an/an/an/an/a4,8114,138n/an/an/an/an/an/an/an/an/an/an/a
DRAMNAND FY2017 to FY2026Other (primarily NOR)Trade NAND FY2015 to FY2016Non-Trade FY2015 to FY2016Non-Volatile Memory FY2013 to FY2014NAND Flash FY2010 to FY2012NOR Flash FY2010 to FY2012
8.8FY201116.4FY201420.3FY201721.4FY202015.5FY2023133.2FY2026

$ billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region FY2010 to FY2026

FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026Share
of the parts, latest year
United States1,4031,3631,2621,5122,5512,5651,92511,35917,11612,45110,38112,15516,0267,80513,16824,11391,32368.6%
Taiwan7117441,0229802,3132,2411,5212,8923,9182,7033,6576,6066,1852,6974,7085,67216,95012.7%
China3,2942,9832,9363,7836,7156,6585,301n/a3,6073,5952,3372,4563,3112,1813,0452,6398,3386.3%
Hong Kongn/an/an/an/an/an/an/a1,4291,7611,6141,7922,5821,6653401,0711,1386,2894.7%
Other Asia Pacificn/an/a1,3279461,7912,0371,6101,0781,4581,0321,1571,4201,2237521,3301,9135,7774.3%
Japann/an/a4605891,2531,0268311,0421,2659581,3871,6521,6969878408952,0661.6%
Europe7779248278201,2521,248937n/an/an/an/a5735056828186251,7161.3%
Other3905194004434834172749831,2661,053724261147961313837290.5%
Asia Pacific (excluding China, Taiwan and Malaysia)1,0901,518n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Mainland China (excluding Hong Kong)n/an/an/an/an/an/an/a1,539n/an/an/an/an/an/an/an/an/an/a
Malaysia817737n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
United StatesTaiwanChina FY2010 to FY2026Hong Kong FY2017 to FY2026Other Asia Pacific FY2012 to FY2026Japan FY2012 to FY2026Europe FY2010 to FY2026OtherMainland China (excluding Hong Kong) FY2017Asia Pacific (excluding China, Taiwan and Malaysia) FY2010 to FY2011Malaysia FY2010 to FY2011
8.8FY201116.4FY201420.3FY201721.4FY202015.5FY2023133.2FY2026

$ billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow

FY2009FY2010FY2011 †FY2012 †FY2013 †FY2014 †FY2015FY2016FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022FY2023FY2024FY2025FY2026TTM
Operating cash flow1,2063,0962,4842,1141,8115,6995,2083,1688,15317,40013,1898,30612,46815,1811,5598,50717,52589,67589,675
Capital expenditure4886162,5501,6991,4423,1074,0215,8174,7348,8799,7808,22310,03012,0677,6768,38615,85730,71230,712
Free cash flow7182,480-66.04153692,5921,187-2,6493,4198,5213,40983.02,4383,114-6,1171211,66858,96358,963
Free cash flow margin14.9%29.2%-0.8%5.0%4.1%15.8%7.3%-21.4%16.8%28.0%14.6%0.4%8.8%10.1%-39.4%0.5%4.5%44.3%44.3%
Cash from investing-674-448-2,042-2,312n/an/a-6,216-3,044-7,537-8,216-10,085-7,589-10,589-11,585-6,191-8,309-14,087-61,641-61,641
Cash from financing-290-1,220-1,195497n/an/a-7181,745349-7,776-2,438-317-1,781-2,9804,983-1,842-850630630
Depreciation and amortisation2,1141,9222,1622,2221,9262,2702,8052,9803,8614,7595,4245,6506,2147,1167,7567,7808,3529,5039,503
Share-based compensation44.093.076.087.091.01151681912151982433283785145968339721,3331,307
Buybacks2.021.01636.05.076.088414836.071.02,7291761,2002,4324253000.0650650
Dividends paidn/an/an/an/an/an/an/an/an/an/an/a0.00.0461504513522610610
Dividend per sharen/an/an/an/an/an/an/an/an/an/an/an/a$0.10$0.32$0.46$0.46$0.46$0.53$0.53
Diluted shares, weighted801m1,051m1,008m991m1,056m1,198m1,170m1,036m1,154m1,229m1,143m1,131m1,141m1,122m1,093m1,118m1,125m1,143m1,147m
Shares outstanding at period end849m994m984m1,018m1,044m1,073m1,084m1,094m1,112m1,161m1,106m1,113m1,119m1,094m1,098m1,109m1,122m1,131m1,131m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2009FY2010FY2011 †FY2012 †FY2013 †FY2014 †FY2015FY2016FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022FY2023FY2024FY2025FY2026TTM
Funded by
Shareholders' equity4,9538,0208,4707,7009,14210,77112,30212,08018,62132,29435,88138,99643,93349,90744,12045,13154,165138,378138,378
Non-controlling interest1,9861,7961,3827178648029378488498708890.0n/an/an/an/an/an/an/a
Redeemable equityn/an/an/an/an/an/a49.00.021.03.00.0n/an/an/an/an/an/an/an/a
Debt2,8032,3602,0013,2626,0376,5117,3419,91011,1344,6365,8516,6436,7766,90613,33013,39714,5775,1795,179
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/a0.0533504610603610701n/an/a
Finance lease liabilitiesn/an/an/an/an/an/an/an/an/an/a3684106497831,1091,7292,4841,8961,896
Other liabilities1,7172,5172,8992,6493,0754,3323,5144,7024,7115,5735,8987,0966,9878,0775,0928,54910,87150,43550,435
Total liabilities and equity11,45914,69314,75214,32819,11822,41624,14327,54035,33643,37648,88753,67858,84966,28364,25469,41682,798195,888195,888
Owned
Fixed assets7,0896,6017,5557,1037,6268,68210,55414,68619,43123,67228,240n/an/an/an/an/an/an/an/a
Goodwilln/an/an/an/an/an/an/a1041,2281,2281,2281,2281,2281,2281,1501,1501,1501,1501,150
Intangible assets344323414371386468449464387331340334349421404416453n/an/a
Investmentsn/an/a52.04747201,2033,3476729367691,9671,5662,6352,7161,8612,1112,29435,08935,089
Cash and equivalents1,4852,9132,1602,4592,8804,1502,2874,1405,1096,5067,1527,6247,7638,2628,5777,0419,64238,36438,364
Receivables7981,2381,1059332,0692,5242,1881,7653,4905,0562,7783,4944,9204,7652,0485,4197,16331,79331,793
Inventory9871,7702,0801,8122,6492,4552,3402,8893,1233,5955,1185,3734,4876,6638,3878,8758,35510,37210,372
Other assets7561,8481,3861,1762,7882,9342,9782,8201,6322,2192,06434,05937,46742,22841,82744,40453,74179,12079,120
Total assets11,45914,69314,75214,32819,11822,41624,14327,54035,33643,37648,88753,67858,84966,28364,25469,41682,798195,888195,888
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded26.8%36.9%104.6%256.3%
Profit growth, compoundedn/a70.7%n/a895.1%
Return on equity, average19.2%16.6%26.3%61.4%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Micron Technology's revenue in fiscal 2026?

Micron Technology (MU) reported revenue of $133.2 billion for fiscal 2026, the year ended 3 September 2026, up 256.3% on the year before.

How much did Micron Technology earn in fiscal 2026?

Net income was $85.0 billion for fiscal 2026, and diluted earnings per share $74.33.

What is Micron Technology's P/E ratio?

At the close of 6 November 2026, Micron Technology traded at 9.3 times its earnings over the twelve months to 3 September 2026.

What is Micron Technology's market cap?

The market cap of Micron Technology was $780.6 billion at the close of 6 November 2026.

Does Micron Technology pay a dividend?

Yes. Micron Technology declared $0.53 a share in dividends over the four quarters to 3 September 2026.

Peers: Electronic Equipment

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
NVIDIA Corp. NVDA$4.50 trillion23.6084.2%65.2%83.4%0.150.1%
Taiwan Semiconductor Manufacturing Company Limited TSM *$1.95 trillion37.3631.7%50.8%31.6%0.190.8%
Broadcom Inc. AVGO$1.40 trillion37.4738.4%48.0%48.7%0.610.9%
Micron Technology Inc. MU$780.6 billion9.3061.4%74.6%256.3%0.040.1%
Advanced Micro Devices Inc. AMD$734.2 billion97.3211.1%17.7%41.9%0.10n/a
Intel Corp. INTC$299.0 billionn/a-10.5%2.9%12.1%0.44n/a
Applied Materials Inc. AMAT$264.0 billion28.6836.2%29.6%7.8%0.260.6%
Texas Instruments Inc. TXN$252.9 billion35.9037.1%40.8%20.3%0.712.1%
Arm Holdings plc ARM *$185.7 billion205.3410.9%18.3%22.8%0.00n/a
Analog Devices Inc. ADI$175.9 billion43.0712.3%35.5%33.6%0.271.2%
Marvell Technology, Inc. MRVL$123.7 billion46.5614.2%16.5%30.6%0.270.2%
ASE Technology Holding Co., Ltd. ASX *$70.3 billion58.8911.7%8.0%8.4%0.741.1%
All 130 in Electronic Equipment
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
NVIDIA Corp. NVDA$4.50 trillion23.6084.2%65.2%83.4%0.150.1%
Taiwan Semiconductor Manufacturing Company Limited TSM *$1.95 trillion37.3631.7%50.8%31.6%0.190.8%
Broadcom Inc. AVGO$1.40 trillion37.4738.4%48.0%48.7%0.610.9%
Micron Technology Inc. MU$780.6 billion9.3061.4%74.6%256.3%0.040.1%
Advanced Micro Devices Inc. AMD$734.2 billion97.3211.1%17.7%41.9%0.10n/a
Intel Corp. INTC$299.0 billionn/a-10.5%2.9%12.1%0.44n/a
Applied Materials Inc. AMAT$264.0 billion28.6836.2%29.6%7.8%0.260.6%
Texas Instruments Inc. TXN$252.9 billion35.9037.1%40.8%20.3%0.712.1%
Arm Holdings plc ARM *$185.7 billion205.3410.9%18.3%22.8%0.00n/a
Amphenol Corp. APH$184.2 billion32.4334.6%27.7%57.6%1.040.7%
Qualcomm Inc. QCOM$177.6 billion13.0544.8%20.1%-2.6%0.502.2%
Analog Devices Inc. ADI$175.9 billion43.0712.3%35.5%33.6%0.271.2%
Marvell Technology, Inc. MRVL$123.7 billion46.5614.2%16.5%30.6%0.270.2%
Motorola Solutions, Inc. MSI$85.2 billion41.4067.9%24.2%11.4%3.290.9%
Northrop Grumman Corp. NOC$74.6 billion16.5924.2%10.6%6.5%0.811.8%
Vertiv Holdings Co. VRT$70.4 billion34.1738.1%20.1%35.3%0.530.1%
ASE Technology Holding Co., Ltd. ASX *$70.3 billion58.8911.7%8.0%8.4%0.741.1%
NXP Semiconductors N.V. NXPI$62.6 billion19.5126.7%33.0%14.6%0.911.6%
Monolithic Power Systems, Inc. MPWR$58.0 billion65.6023.9%29.5%40.5%0.000.6%
Garmin Ltd. GRMN$55.1 billion27.4221.1%28.8%13.6%0.001.4%
Lumentum Holdings Inc. LITE$48.7 billionn/a-143.9%23.5%103.2%0.31n/a
L3Harris Technologies, Inc. LHX$48.4 billion24.2610.1%10.7%7.3%0.541.9%
Nokia Corporation NOK *$42.7 billion57.113.1%4.4%3.5%0.162.0%
STMicroelectronics N.V. STM *$37.1 billion231.690.9%1.5%-11.1%0.120.9%
Ubiquiti Inc. UI$35.9 billion33.4763.7%36.9%29.4%0.000.6%
United Microelectronics Corporation UMC *$34.9 billion27.6111.0%18.5%2.3%0.17n/a
Telefonaktiebolaget LM Ericsson ERIC *$34.6 billion11.8526.0%16.3%-4.5%0.302.8%
Ciena Corp. CIEN$34.5 billion54.2521.4%12.3%32.6%1.06n/a
Astera Labs, Inc. ALAB$33.3 billion75.8523.1%25.5%115.2%0.00n/a
Microchip Technology Inc. MCHP$31.8 billion44.2012.6%20.9%33.0%0.833.1%
Teledyne Technologies Inc. TDY$28.6 billion28.279.2%20.0%8.6%0.18n/a
Celestica Inc. CLS$26.1 billion19.5520.0%8.3%61.6%0.13n/a
Flex Ltd. FLEX$25.8 billion25.1817.9%5.1%17.5%0.90n/a
Jabil Inc. JBL$25.0 billion24.4364.6%4.7%20.6%2.090.1%
ON Semiconductor Corp. ON$24.7 billion36.879.1%12.3%2.9%0.60n/a
Qnity Electronics, Inc. Q$24.4 billion43.967.4%n/an/a0.530.1%
Hubbell Inc. HUBB$22.7 billion25.1822.1%20.1%16.0%1.251.3%
Credo Technology Group Holding Ltd. CRDO$22.6 billion42.7719.7%31.7%165.1%0.00n/a
First Solar, Inc. FSLR$21.6 billion11.6417.1%37.7%-0.7%0.01n/a
Cerebras Systems Inc. CBRS$21.3 billionn/an/an/an/a0.10n/a
Macom Technology Solutions Holdings, Inc. MTSI$16.1 billion67.7915.6%18.1%28.4%0.22n/a
Nextpower Inc. NXT$15.8 billion26.4323.2%19.0%13.7%0.00n/a
Lattice Semiconductor Corp. LSCC$14.9 billion328.113.2%9.1%63.4%0.61n/a
Sitime Corp. SITM$12.6 billion443.470.8%0.9%142.6%0.38n/a
Skyworks Solutions, Inc. SWKS$12.4 billion42.585.1%7.6%0.1%0.093.5%
Fabrinet FN$11.7 billion24.6719.1%10.0%43.0%0.03n/a
Semtech Corp. SMTC$9.6 billion68.4420.6%8.0%17.8%0.66n/a
Leonardo Drs, Inc. DRS$9.1 billion25.0512.6%10.8%8.9%0.061.1%
Amkor Technology, Inc. AMKR$8.1 billion13.2312.9%9.5%15.7%0.521.0%
Rambus Inc. RMBS$8.0 billion30.6718.8%36.3%17.3%0.00n/a
Advanced Energy Industries Inc. AEIS$7.9 billion28.3118.2%16.0%31.7%0.800.2%
Silicon Laboratories Inc. SLAB$7.4 billionn/a-3.6%-5.1%21.7%0.00n/a
Sanmina Corp. SANM$7.2 billion24.0911.2%4.2%58.6%0.79n/a
TTM Technologies Inc. TTMI$7.0 billion26.5013.1%11.1%37.6%0.80n/a
Viavi Solutions Inc. VIAV$7.0 billion118.625.1%10.6%47.4%0.49n/a
Formfactor Inc. FORM$6.4 billion37.0414.7%18.3%29.1%0.01n/a
Esco Technologies Inc. ESE$6.0 billion18.9819.5%14.2%24.0%0.050.1%
Cirrus Logic, Inc. CRUS$5.7 billion14.3518.9%22.5%5.1%0.00n/a
Impinj Inc. PI$5.3 billionn/a-3.1%-0.7%7.7%0.62n/a
Allegro Microsystems, Inc. ALGM$5.2 billion187.673.1%7.5%27.9%0.28n/a
Plexus Corp. PLXS$5.1 billionn/an/an/an/a0.18n/a
Synaptics Inc. SYNA$4.6 billionn/a-53.2%-4.7%8.1%0.91n/a
Planet Labs PBC PL$4.6 billionn/a-63.8%-27.2%44.1%0.79n/a
Applied Optoelectronics, Inc. AAOI$4.5 billionn/a-1.5%-6.8%77.2%0.10n/a
Maxlinear, Inc. MXL$4.5 billionn/a-5.5%-0.9%56.0%0.31n/a
Mercury Systems Inc. MRCY$4.4 billionn/a-2.0%0.0%7.9%0.29n/a
Universal Display Corp. OLED$4.0 billion17.9013.8%34.6%-1.9%n/a2.2%
Enphase Energy, Inc. ENPH$3.8 billion42.497.3%4.2%-19.9%0.46n/a
Vishay Intertechnology Inc. VSH$3.7 billion37.563.2%5.2%17.6%0.251.7%
Diodes Inc. DIOD$3.5 billion31.145.9%7.3%24.2%0.21n/a
Kulicke & Soffa Industries Inc. KLIC$3.3 billion29.4912.7%13.2%44.4%0.001.3%
OSI Systems Inc. OSIS$3.1 billion21.0620.3%12.2%2.9%1.28n/a
Ondas Inc. ONDS$2.8 billionn/a10.6%-140.4%979.3%0.00n/a
IPG Photonics Corp. IPGP$2.8 billion69.601.9%1.9%14.8%0.00n/a
Ambarella Inc. AMBA$2.6 billionn/a-9.1%-14.9%20.0%0.00n/a
AXT Inc. AXTI$2.6 billion1,944.500.5%3.1%45.8%0.09n/a
Penguin Solutions, Inc. PENG$2.5 billion16.0734.7%9.6%26.5%1.51n/a
Intuitive Machines, Inc. LUNR$2.4 billionn/an/a-27.5%116.5%n/an/a
Power Integrations Inc. POWI$2.3 billion51.016.4%8.4%2.3%0.002.1%
Nlight, Inc. LASR$2.2 billionn/a-2.9%-6.0%39.6%0.00n/a
Benchmark Electronics Inc. BHE$2.2 billion38.945.0%3.5%12.9%0.141.1%
Ultra Clean Holdings, Inc. UCTT$1.9 billion72.113.7%4.3%15.8%0.87n/a
Vicor Corp. VICR$1.7 billion38.5519.9%24.9%27.0%0.00n/a
Solaredge Technologies, Inc. SEDG$1.7 billionn/a-54.0%-9.2%29.3%0.79n/a
Shoals Technologies Group, Inc. SHLS$1.7 billion43.835.9%11.2%49.2%0.26n/a
CTS Corp. CTS$1.7 billion22.8912.6%17.0%7.4%0.090.3%
Photronics Inc. PLAB$1.6 billion9.6412.9%22.5%1.2%0.00n/a
Navitas Semiconductor Corp. NVTS$1.6 billionn/a-42.9%-323.5%-28.6%0.00n/a
Nextnav Inc. NN$1.4 billionn/a-33.4%-1,900.4%-36.5%0.00n/a
Wolfspeed, Inc. WOLF$1.3 billionn/a-69.6%-80.3%-18.0%2.09n/a
Ichor Holdings, Ltd. ICHR$1.2 billion620.000.4%1.7%15.2%0.13n/a
Napco Security Technologies, Inc. NSSC$1.1 billion24.6022.1%22.7%8.7%0.002.0%
Harmonic Inc. HLIT$1.0 billionn/an/an/an/a0.09n/a
Ambiq Micro, Inc. AMBQ$930 millionn/a-9.1%-43.3%n/a0.00n/a
Array Technologies, Inc. ARRY$901 millionn/an/a-5.1%1.2%n/an/a
Arteris, Inc. AIP$884 millionn/a-63.3%-46.2%41.0%n/an/a
BlackSky Technology Inc. BKSY$876 millionn/a-14.0%-22.8%29.9%0.96n/a
Varex Imaging Corp. VREX$778 million35.484.5%8.3%5.3%0.70n/a
Alpha & Omega Semiconductor Ltd. AOSL$712 millionn/a-5.8%-7.1%-3.2%0.000.0%
T1 Energy Inc. TE$662 millionn/a-190.1%-22.4%427.0%2.730.0%
Unusual Machines, Inc. UMAC$594 millionn/a-9.0%-76.1%425.2%0.00n/a
Kopin Corp. KOPN$547 million75.7511.5%-22.9%-7.1%0.00n/a
Vishay Precision Group, Inc. VPG$541 millionn/a-1.0%1.1%11.6%0.05n/a
Lightpath Technologies Inc. LPTH$494 millionn/a-13.7%-27.4%92.8%0.00n/a
Kimball Electronics, Inc. KE$462 million22.933.5%4.4%-1.5%0.40n/a
indie Semiconductor, Inc. INDI$436 millionn/a-52.5%-59.3%13.9%1.50n/a
Clearfield, Inc. CLFD$389 millionn/a-2.9%-0.2%-1.4%0.00n/a
Methode Electronics Inc. MEI$384 millionn/a-5.5%0.4%1.4%0.471.9%
NVE Corp. NVEC$368 million20.5730.8%61.6%24.1%0.005.3%
Adtran Holdings, Inc. ADTN$329 millionn/a-20.9%0.0%10.1%2.32n/a
Everspin Technologies Inc. MRAM$284 millionn/a-3.6%-15.5%20.9%0.010.0%
Turtle Beach Corp. TBCH$273 millionn/a-0.6%3.2%-13.0%0.93n/a
Nano Dimension Ltd. NNDM$262 millionn/a-34.4%-117.3%n/a0.04n/a
M-tron Industries, Inc. MPTI$261 million22.078.0%18.5%11.8%0.00n/a
BK Technologies Corp. BKTI$251 million19.5726.2%17.9%15.7%0.00n/a
Aviat Networks, Inc. AVNW$226 million93.110.9%4.4%1.2%0.36n/a
Vuzix Corp. VUZI$160 millionn/a-145.3%-521.9%6.8%0.00n/a
Quicklogic Corp. QUIK$147 millionn/an/an/an/a0.24n/a
Espey MFG & Electronics Corp. ESP$141 million12.0218.5%25.1%4.9%0.002.1%
Aeluma, Inc. ALMU$135 millionn/a-16.1%-228.3%-4.4%0.00n/a
Atomera Inc. ATOM$117 millionn/a-69.6%-10,969.4%476.3%0.00n/a
GSI Technology Inc. GSIT$116 millionn/a-22.8%-100.8%2.9%0.00n/a
GCT Semiconductor Holding, Inc. GCTS$106 millionn/an/a-852.0%-32.8%n/an/a
Magnachip Semiconductor Corp. MX$91 millionn/a-12.3%-24.2%-12.8%0.19n/a
R F Industries Ltd. RFIL$72 million30.146.3%4.6%13.0%0.15n/a
Kulr Technology Group, Inc. KULR$68 millionn/a-140.9%-270.6%24.6%0.28n/a
Inseego Corp. INSG$64 millionn/an/a-10.4%-3.6%n/an/a
AmpliTech Group, Inc. AMPG$59 millionn/a-17.1%-34.7%24.2%0.00n/a
Tigo Energy, Inc. TYGO$57 million4.3527.3%-3.7%15.3%0.05n/a
LGL Group Inc. LGL$43 millionn/a-0.5%-21.8%9.3%0.00n/a
72 companies share its SEC industry code (Semiconductors & Related Devices); the rest are the names nearest in size in its wider industry, Electronic Equipment, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on MU

Dividends$0.53 a share over the four quarters to 3 September 2026, a 0.08% yield
Filings20 in twelve months: 10 current reports (8-K), about 4 results of operations; 3 officer or director change; 2 other events; 1 charter or bylaw amendment, or fiscal year change; 1 shareholder vote
Planned insider sales24 Form 144 notices in twelve months, $347.7 million; latest 15 October 2026
Options tapeput/call 0.94 by open interest at the 6 November 2026 close; the straddle prices a 8.8% move to 11 November 2026
13F holders3,928 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading308 sales and 3 purchases on Form 4 in twelve months
Congress8 House trades disclosed in six months
Short interest22.5 million shares short, 1.00 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-K3 September 20269 October 2026EDGAR
10-Q28 May 202625 June 2026EDGAR
10-Q26 February 202619 March 2026EDGAR
10-Q27 November 202518 December 2025EDGAR
10-K28 August 20253 October 2025EDGAR
10-Q29 May 202526 June 2025EDGAR
10-Q27 February 202521 March 2025EDGAR
10-Q28 November 202419 December 2024EDGAR
10-K29 August 20244 October 2024EDGAR
10-Q30 May 202427 June 2024EDGAR

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