Micron Technology Inc. (MU)

Name: Micron Technology Inc. (MU): results, filings decoded, planned insider sales, 13F holders, insiders, Congress and short interest
Creator: GreekSoup
License: https://creativecommons.org/licenses/by/4.0/

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Micron Technology Inc. (MU) reported revenue of $41.5 billion for Q3 FY2026, the quarter ended 28 May 2026, up 345.7% on the same quarter a year earlier. Net income was $28.2 billion, up 1398.3% on the year, and diluted earnings per share $24.67. The figures are the company's own, from the 10-Q it filed with the SEC on 25 June 2026.

Revenue$41.5 billionup 345.7%

Net income$28.2 billionup 1398.3%

Diluted EPS$24.67

QuarterQ3 FY2026ended 28 May 2026

Ratios

From the filings

ROE50.1%

ROCE56.0%

Operating margin65.6%

Net margin55.9%

FCF margin29.0%

Interest cover257.58

Debt to equity0.05

Cash conversion1.02

Share count, 1 year0.9%

Sales CAGR, 3 years6.7%

Profit CAGR, 3 years-0.6%

EPS, TTM$44.17

At the close of 21 September 2026

Price$1,043.96

Market cap$1.18 trillion

Stock P/E23.64

Price to book11.70

EV / EBITDA16.98

Dividend yield0.0%

Market cap / sales13.06

52-week high$1,213.56

52-week low$156.83

Price, 1 year541.5%

Price CAGR, 3 years147.5%

Price CAGR, 5 years69.8%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on the one borrowings figure Micron Technology Inc. files, which has finance leases inside it; operating leases are a separate line. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

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50-day average 200-day average Volume

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. 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. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on MU

Filings	20 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 sales	36 Form 144 notices in twelve months, $399.7 million; latest 21 August 2026
Options tape	put/call 1.22 by open interest on 23 September 2026; the straddle prices a 4.3% move to 25 September 2026
Holders	19 of the followed funds hold it; largest Citadel Advisors; 4 Schedule 13D or 13G filings in twelve months
Insider trading	313 sales and 3 purchases on Form 4 in twelve months
Congress	7 House trades disclosed in six months
Short interest	29.7 million shares short, 1.16 days to cover at 31 August 2026
Documents	the 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	4,010	4,726	5,824	6,811	7,750	8,709	8,053	9,301	11,315	13,643	23,860	41,456
Cost of revenue	4,445	4,761	4,745	4,979	5,013	5,361	5,090	5,793	6,261	5,997	6,105	6,400
Gross profit	-435	-35.0	1,079	1,832	2,737	3,348	2,963	3,508	5,054	7,646	17,755	35,056
Gross margin	-11%	-1%	19%	27%	35%	38%	37%	38%	45%	56%	74%	85%
R&D	719	845	832	850	903	888	898	965	1,047	1,171	1,250	1,316
SG&A	219	263	280	291	295	288	285	318	314	337	344	407
Operating income	-1,472	-1,128	191	719	1,522	2,174	1,773	2,169	3,654	6,136	16,135	33,318
Operating margin	-37%	-24%	3%	11%	20%	25%	22%	23%	32%	45%	68%	80%
Interest expense	129	132	144	150	136	118	112	123	124	74.0	32.0	0.0
Pre-tax income	-1,458	-1,155	170	715	1,510	2,152	1,758	2,113	3,631	6,061	16,160	33,212
Tax rate	n/a	n/a	-366%	53%	41%	13%	10%	11%	12%	14%	15%	15%
Net income	-1,430	-1,234	793	332	887	1,870	1,583	1,885	3,201	5,240	13,785	28,243
Net margin	-36%	-26%	14%	5%	11%	21%	20%	20%	28%	38%	58%	68%
Diluted EPS	-$1.31	-$1.12	$0.71	$0.30	$0.81	$1.67	$1.41	$1.68	$2.83	$4.60	$12.07	$24.67
Operating cash flow	249	1,401	1,219	2,482	3,405	3,244	3,942	4,609	5,730	8,411	11,903	25,388
Capital expenditure	1,461	1,796	1,384	2,086	3,120	3,206	4,055	2,938	5,658	5,389	6,387	7,826
Free cash flow	-1,212	-395	-165	396	285	38.0	-113	1,671	72.0	3,022	5,516	17,562
Buybacks	0.0	0.0	0.0	0.0	300	0.0	0.0	0.0	0.0	300	350	0.0
Dividends paid	126	129	127	128	129	131	130	131	130	134	132	171
Shares outstanding	1,098m	1,104m	1,107m	1,109m	1,109m	1,114m	1,118m	1,119m	1,122m	1,126m	1,128m	1,129m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

* 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. 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.

Profit and loss, 12 fiscal years and the trailing twelve months

	FY2014 †	FY2015	FY2016	FY2017 †	FY2018	FY2019	FY2020 †	FY2021 †	FY2022	FY2023	FY2024	FY2025	TTM
Revenue	16,358	16,192	12,399	20,322	30,391	23,406	21,435	27,705	30,758	15,540	25,111	37,378	90,274
Cost of revenue	10,921	10,977	9,894	11,886	12,500	12,704	14,883	17,282	16,860	16,956	19,498	22,505	24,763
Gross profit	5,437	5,215	2,505	8,436	17,891	10,702	6,552	10,423	13,898	-1,416	5,613	14,873	65,511
Gross margin	33.2%	32.2%	20.2%	41.5%	58.9%	45.7%	30.6%	37.6%	45.2%	-9.1%	22.4%	39.8%	72.6%
Research and development	1,371	1,540	1,617	1,824	2,141	2,441	2,600	2,663	3,116	3,114	3,430	3,798	4,784
Selling, general and administrative	707	719	659	743	813	836	881	894	1,066	920	1,129	1,205	1,402
Operating income	3,087	2,998	168	5,868	14,994	7,376	3,003	6,283	9,702	-5,745	1,304	9,770	59,243
Operating margin	18.9%	18.5%	1.4%	28.9%	49.3%	31.5%	14.0%	22.7%	31.5%	-37.0%	5.2%	26.1%	65.6%
Interest expense	352	371	437	601	342	128	194	183	189	388	562	477	230
Pre-tax income	2,733	2,609	-281	5,196	14,307	7,048	2,983	6,218	9,571	-5,658	1,240	9,654	59,064
Income tax	128	157	19.0	114	168	693	280	394	888	177	451	1,124	8,607
Effective tax rate	4.7%	6.0%	n/a	2.2%	1.2%	9.8%	9.4%	6.3%	9.3%	n/a	36.4%	11.6%	14.6%
Net income	3,045	2,899	-276	5,089	14,135	6,313	2,687	5,861	8,687	-5,833	778	8,539	50,469
Net margin	18.6%	17.9%	-2.2%	25.0%	46.5%	27.0%	12.5%	21.2%	28.2%	-37.5%	3.1%	22.8%	55.9%
Diluted EPS	$2.54	$2.47	-$0.27	$4.41	$11.51	$5.51	$2.37	$5.14	$7.75	-$5.34	$0.70	$7.59	$44.17
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. 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. 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.

Cash flow and capital returned

	FY2014 †	FY2015	FY2016	FY2017 †	FY2018	FY2019	FY2020 †	FY2021 †	FY2022	FY2023	FY2024	FY2025	TTM
Operating cash flow	n/a	5,208	3,168	8,153	17,400	13,189	8,306	12,468	15,181	1,559	8,507	17,525	51,432
Capital expenditure	3,107	4,021	5,817	4,734	8,879	9,780	8,223	10,030	12,067	7,676	8,386	15,857	25,260
Free cash flow	n/a	1,187	-2,649	3,419	8,521	3,409	83.0	2,438	3,114	-6,117	121	1,668	26,172
Free cash flow margin	n/a	7.3%	-21.4%	16.8%	28.0%	14.6%	0.4%	8.8%	10.1%	-39.4%	0.5%	4.5%	29.0%
Depreciation and amortisation	2,270	2,805	2,980	3,861	4,759	5,424	5,650	6,214	7,116	7,756	7,780	8,352	9,011
Share-based compensation	115	168	191	215	198	243	328	378	514	596	833	972	1,178
Buybacks	76.0	884	148	36.0	71.0	2,729	176	1,200	2,432	425	300	0.0	650
Dividends paid	n/a	n/a	n/a	n/a	n/a	n/a	0.0	0.0	461	504	513	522	567
Dividend per share	n/a	n/a	n/a	n/a	n/a	n/a	n/a	$0.10	$0.32	$0.46	$0.46	$0.46	$0.49
Diluted shares, weighted	1,198m	1,170m	1,036m	1,154m	1,229m	1,143m	1,131m	1,141m	1,122m	1,093m	1,118m	1,125m	1,145m
Shares outstanding at period end	1,073m	1,084m	1,094m	1,112m	1,161m	1,106m	1,113m	1,119m	1,094m	1,098m	1,109m	1,122m	1,129m
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the 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 at year end

	FY2014 †	FY2015	FY2016	FY2017 †	FY2018	FY2019	FY2020 †	FY2021 †	FY2022	FY2023	FY2024	FY2025	TTM
Total assets	22,416	24,143	27,540	35,336	43,376	48,887	53,678	58,849	66,283	64,254	69,416	82,798	134,112
Cash and equivalents	4,150	2,287	4,140	5,109	6,506	7,152	7,624	7,763	8,262	8,577	7,041	9,642	24,995
Receivables	2,524	2,188	1,765	3,490	5,056	2,778	3,494	4,920	4,765	2,048	5,419	7,163	26,894
Inventory	2,455	2,340	2,889	3,123	3,595	5,118	5,373	4,487	6,663	8,387	8,875	8,355	8,567
Goodwill	n/a	n/a	104	1,228	1,228	1,228	1,228	1,228	1,228	1,150	1,150	1,150	1,150
Long-term debt	n/a	n/a	n/a	n/a	n/a	n/a	6,157	5,968	6,020	12,049	11,343	11,533	n/a
Long-term debt including finance leases	4,893	6,252	9,154	9,872	3,777	4,541	6,373	6,621	6,803	13,052	12,966	14,017	5,140
Borrowings, as the company tags them	7,134	8,038	10,551	11,639	4,898	5,755	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Operating lease liabilities	n/a	n/a	n/a	n/a	n/a	0.0	533	504	610	603	610	701	654
Finance lease liabilities	n/a	n/a	n/a	n/a	n/a	368	410	649	783	1,109	1,729	2,484	2,088
Shareholders' equity	10,771	12,302	12,080	18,621	32,294	35,881	38,996	43,933	49,907	44,120	45,131	54,165	100,724
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

	10 years	5 years	3 years	TTM
Sales growth, compounded	8.7%	11.8%	6.7%	167.0%
Profit growth, compounded	11.4%	26.0%	-0.6%	710.7%
Return on equity, average	12.8%	7.0%	1.4%	15.8%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return 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.

Peers: Semiconductors & Related Devices

Company	Market cap	P/E	ROE	Op. margin	Sales growth TTM	Debt to equity	Div. yield
NVIDIA Corp. NVDA	$5.48 trillion	28.75	84.2%	65.2%	83.4%	0.15	0.0%
Broadcom Inc. AVGO	$1.73 trillion	46.26	38.4%	48.0%	48.7%	0.61	0.7%
Micron Technology Inc. MU	$1.18 trillion	23.64	50.1%	65.6%	167.0%	0.05	0.0%
Advanced Micro Devices Inc. AMD	$1.00 trillion	158.23	9.6%	15.7%	39.5%	0.05	n/a
Intel Corp. INTC	$614.1 billion	n/a	-12.9%	-0.1%	7.5%	0.55	0.3%
Applied Materials Inc. AMAT	$368.4 billion	40.09	36.2%	29.6%	7.8%	0.20	0.4%
Texas Instruments Inc. TXN	$247.4 billion	41.17	33.6%	37.3%	16.7%	0.78	2.0%
Marvell Technology, Inc. MRVL	$225.7 billion	85.23	14.2%	16.5%	30.6%	0.27	0.1%
Analog Devices Inc. ADI	$185.6 billion	45.43	12.3%	35.5%	33.6%	0.20	1.0%
Monolithic Power Systems, Inc. MPWR	$62.8 billion	n/a	n/a	28.7%	28.7%	n/a	0.6%
NXP Semiconductors N.V. NXPI	$58.7 billion	22.22	24.3%	30.4%	2.4%	1.00	1.7%
Microchip Technology Inc. MCHP	$40.6 billion	109.97	7.4%	15.5%	20.9%	0.83	2.4%
ON Semiconductor Corp. ON	$27.9 billion	47.50	8.7%	10.8%	-3.1%	0.62	n/a
Qnity Electronics, Inc. Q	$25.5 billion	43.66	8.1%	n/a	n/a	0.55	0.1%
First Solar, Inc. FSLR	$21.5 billion	12.32	16.9%	33.6%	23.8%	0.00	n/a
Skyworks Solutions, Inc. SWKS	$13.4 billion	45.74	5.1%	7.6%	0.1%	0.09	3.2%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

Filing	Period	Filed	Where
10-Q	28 May 2026	25 June 2026	EDGAR
10-Q	26 February 2026	19 March 2026	EDGAR
10-Q	27 November 2025	18 December 2025	EDGAR
10-K	28 August 2025	3 October 2025	EDGAR
10-Q	29 May 2025	26 June 2025	EDGAR
10-Q	27 February 2025	21 March 2025	EDGAR
10-Q	28 November 2024	19 December 2024	EDGAR
10-K	29 August 2024	4 October 2024	EDGAR
10-Q	30 May 2024	27 June 2024	EDGAR
10-Q	29 February 2024	21 March 2024	EDGAR

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