M 
Micron Technology MU · USD
Information Technology · Semiconductors & Semiconductor Equipment · US listing · 🇺🇸 United States
S&P 500Nasdaq-100
690.00
+5.12%
Close of 6 Nov 2026, in USD
At a glance
Figures in USD, from our data supplier.
Revenue
$133.19bn
FY2017FY2026
Net income
$84.97bn
FY2017FY2026
Free cash flow
$58.96bn
FY2017FY2026
Shareholders' equity
$138.38bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $133.19bn | $37.38bn | $25.11bn | $15.54bn | $30.76bn | $27.70bn | $21.43bn | $23.41bn | $30.39bn | $20.32bn |
| Gross profit | $107.50bn | $14.87bn | $5.61bn | −$1.42bn | $13.90bn | $10.42bn | $6.55bn | $10.70bn | $17.89bn | $8.44bn |
| Research and development | $5.65bn | $3.80bn | $3.43bn | $3.11bn | $3.12bn | $2.66bn | $2.60bn | $2.44bn | $2.34bn | $2.04bn |
| Operating income | $99.91bn | $9.87bn | $1.30bn | −$5.75bn | $9.70bn | $6.28bn | $3.00bn | $7.38bn | $14.99bn | $5.87bn |
| Net income | $84.97bn | $8.54bn | $778.0m | −$5.83bn | $8.69bn | $5.86bn | $2.69bn | $6.31bn | $14.13bn | $5.09bn |
| Diluted earnings per share | 74.08 | 7.50 | 0.69 | -5.30 | 7.97 | 5.19 | 2.37 | 5.59 | 12.04 | 4.15 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $195.89bn | $82.80bn | $69.42bn | $64.25bn | $66.28bn | $58.85bn | $53.68bn | $48.89bn | $43.38bn | $35.34bn |
| Cash and short-term investments | $43.43bn | $10.31bn | $8.11bn | $9.59bn | $9.33bn | $8.63bn | $8.14bn | $7.96bn | $6.80bn | $5.43bn |
| Total liabilities | $57.51bn | $28.63bn | $24.29bn | $20.13bn | $16.38bn | $14.92bn | $14.68bn | $12.12bn | $10.21bn | $15.87bn |
| Debt | $5.18bn | $15.28bn | $14.01bn | $13.93bn | $7.52bn | $7.28bn | $7.18bn | $5.85bn | $4.64bn | $11.15bn |
| Shareholders' equity | $138.38bn | $54.16bn | $45.13bn | $44.12bn | $49.91bn | $43.93bn | $39.00bn | $35.88bn | $32.29bn | $18.62bn |
| Shares outstanding | 1,147m | 1,138m | 1,122m | 1,100m | 1,090m | 1,130m | 1,135m | 1,129m | 1,174m | 1,225m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $89.67bn | $17.52bn | $8.51bn | $1.56bn | $15.18bn | $12.47bn | $8.31bn | $13.19bn | $17.40bn | $8.15bn |
| Capital spending | −$30.71bn | −$15.86bn | −$8.39bn | −$7.68bn | −$12.07bn | −$10.03bn | −$8.22bn | −$9.86bn | −$9.09bn | −$5.25bn |
| Free cash flow | $58.96bn | $1.67bn | $121.0m | −$6.12bn | $3.11bn | $2.44bn | $83.0m | $3.33bn | $8.31bn | $2.90bn |
| Dividends paid | −$610.0m | −$522.0m | −$513.0m | −$504.0m | −$461.0m | −$461.0m | −$225.0m | −$179.0m | — | — |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $54.23bn | $41.46bn | $23.86bn | $13.64bn | $11.31bn | $9.30bn | $8.05bn | $8.71bn |
| Gross profit | $47.05bn | $35.06bn | $17.75bn | $7.65bn | $5.05bn | $3.51bn | $2.96bn | $3.35bn |
| Operating income | $44.32bn | $33.32bn | $16.14bn | $6.14bn | $3.69bn | $2.23bn | $1.77bn | $2.17bn |
| Net income | $37.70bn | $28.24bn | $13.79bn | $5.24bn | $3.20bn | $1.89bn | $1.58bn | $1.87bn |
| Diluted earnings per share | 32.87 | 24.62 | 12.02 | 4.60 | 2.83 | 1.68 | 1.41 | 1.67 |
| Cash from operations | $43.97bn | $25.39bn | $11.90bn | $8.41bn | $5.73bn | $4.61bn | $3.94bn | $3.24bn |
| Capital spending | −$17.16bn | −$7.83bn | −$5.39bn | −$5.39bn | −$5.66bn | −$2.94bn | −$3.21bn | −$3.21bn |
| Free cash flow | $26.81bn | $17.56bn | $6.51bn | $3.02bn | $72.0m | $1.67bn | $736.0m | $38.0m |
| Total assets | $195.89bn | $134.11bn | $101.51bn | $85.97bn | $82.80bn | $78.40bn | $73.05bn | $71.46bn |
| Cash and short-term investments | $43.43bn | $26.02bn | $14.62bn | $10.32bn | $10.31bn | $10.81bn | $8.21bn | $7.59bn |
| Debt | $491.0m | $3.63bn | $7.93bn | $11.19bn | $14.02bn | $15.00bn | $13.85bn | $13.25bn |
| Shareholders' equity | $138.38bn | $100.72bn | $72.46bn | $58.81bn | $54.16bn | $50.75bn | $48.63bn | $46.80bn |
Financial ratios
Data as of 1 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 39.8% | 22.4% | -9.1% | 45.2% | 37.6% | 30.6% |
| Operating margin | 26.4% | 5.2% | -37.0% | 31.5% | 22.7% | 14.0% |
| Net margin | 22.8% | 3.1% | -37.5% | 28.2% | 21.2% | 12.5% |
| Return on equity | 15.8% | 1.7% | -13.2% | 17.4% | 13.3% | 6.9% |
| Return on assets | 10.3% | 1.1% | -9.1% | 13.1% | 10.0% | 5.0% |
| Free cash flow yield | 3.1% | 1.6% | 0.9% | 2.6% | 2.1% | 1.5% |
| Revenue growth | 48.9% | 61.6% | -49.5% | 11.0% | 29.3% | -8.4% |
| Earnings growth | 997.6% | -113.3% | -167.1% | 48.2% | 118.1% | -57.4% |
| Current ratio | 2.52x | 2.64x | 4.46x | 2.89x | 3.10x | 2.71x |
| Debt to equity | 0.22x | 0.26x | 0.30x | 0.14x | 0.15x | 0.16x |
| Equity ratio | 65.4% | 65.0% | 68.7% | 75.3% | 74.7% | 72.6% |
| Interest coverage | 20.69x | 2.32x | -14.81x | 51.33x | 34.33x | 15.48x |
| R&D as a share of sales | 10.2% | 13.7% | 20.0% | 10.1% | 9.6% | 12.1% |
| Buybacks as a share of market value | -1.4% | -2.0% | -0.9% | 3.5% | 0.4% | -0.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 104.6% | 36.9% | 26.8% |
| Operating income | — | 73.9% | 89.4% |
| Net income | — | 70.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 71.7% | 59.9% | 56.0% | 52.2% |
| Operating margin | 64.4% | 49.9% | 45.0% | 40.4% |
| Net margin | 54.8% | 41.9% | 38.2% | 34.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 11.4 | 38.0 | 121.4 | -16.1 | 6.3 | 18.0 | 31.8 | 9.6 | 2.6 | 9.9 |
| Price to sales | 7.3 | 8.7 | 3.8 | 6.0 | 1.8 | 3.8 | 4.0 | 2.6 | 1.2 | 2.5 |
Market value over time
30 Sept 2016 to 31 Aug 2026, in USD
$18.44bn$1.10trn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 139% | 26% | 59% | -37% | 15% | 30% | 76% | -32% | 122% | 44% |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 14 Oct 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY1996 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.15 | 0.53 | 0.46 | 0.46 | 0.46 | 0.315 | 0.10 | 0.075 |
- 2-for-1 split · 2 May 2000
- 2-for-1 split · 23 May 1995
- 5-for-2 split · 19 Apr 1994
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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