Financials · MU
For fiscal 2026 (ended Sep 3, 2026), Micron Technology Inc. reported $133.19B of revenue and $84.97B of net income.
MU revenue was $54.23B in fiscal Q4 2026 (ended Sep 3, 2026), up 379.3% from a year earlier and up 30.8% from the prior quarter. For the full fiscal 2026 it was $133.19B, up 256.3% from fiscal 2025. Compound annual growth was +36.9% over 5 years and +26.8% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2026 is the highest of the 15 fiscal years on file.
MU net income was $37.70B in fiscal Q4 2026 (ended Sep 3, 2026), up about 12-fold from a year earlier and up 33.5% from the prior quarter. For the full fiscal 2026 it was $84.97B, up 895.1% from fiscal 2025. Compound annual growth was +70.7% over 5 years. Fiscal 2026 is the highest of the 15 fiscal years on file.
MU diluted EPS was $32.99 in fiscal Q4 2026 (ended Sep 3, 2026), up about 12-fold from a year earlier and up 33.7% from the prior quarter. For the full fiscal 2026 it was $74.33, up 879.3% from fiscal 2025. Compound annual growth was +70.6% over 5 years.
MU free cash flow was $32.86B in fiscal Q4 2026 (ended Sep 3, 2026), up about 456-fold from a year earlier and up 87.1% from the prior quarter. For the full fiscal 2026 it was $58.96B, up about 35-fold from fiscal 2025. Compound annual growth was +89.1% over 5 years. Fiscal 2026 is the highest of the 15 fiscal years on file.
| Line item | Sep 3, 2026 | Aug 28, 2025 | Aug 29, 2024 | Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | Aug 29, 2019 | Aug 30, 2018 | Aug 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $133.19B | $37.38B | $25.11B | $15.54B | $30.76B | $27.70B | $21.43B | $23.41B | $30.39B | $20.32B |
| Cost of revenue | $25.68B | $22.50B | $19.50B | $16.96B | $16.86B | $17.28B | $14.88B | $12.70B | $12.50B | $11.89B |
| Gross profit | $107.50B | $14.87B | $5.61B | -$1.42B | $13.90B | $10.42B | $6.55B | $10.70B | $17.89B | $8.44B |
| Research and development | $5.65B | $3.80B | $3.43B | $3.11B | $3.12B | $2.66B | $2.60B | $2.44B | $2.14B | $1.82B |
| Selling, general and admin | $1.95B | $1.21B | $1.13B | $920.00M | $1.07B | $894.00M | $881.00M | $836.00M | $813.00M | $743.00M |
| Operating income | $99.34B | $9.77B | $1.30B | -$5.75B | $9.70B | $6.28B | $3.00B | $7.38B | $14.99B | $5.87B |
| Interest expense | $106.00M | $477.00M | $562.00M | $388.00M | $189.00M | $183.00M | $194.00M | $128.00M | $342.00M | $601.00M |
| Pre-tax income | $99.67B | $9.65B | $1.24B | -$5.66B | $9.57B | $6.22B | $2.98B | $7.05B | $14.31B | $5.20B |
| Income tax | $14.76B | $1.12B | $451.00M | $177.00M | $888.00M | $394.00M | $280.00M | $693.00M | $168.00M | $114.00M |
| Net income | $84.97B | $8.54B | $778.00M | -$5.83B | $8.69B | $5.86B | $2.69B | $6.31B | $14.13B | $5.09B |
| EPS, basic | $75.38 | $7.65 | $0.70 | -$5.34 | $7.81 | $5.23 | $2.42 | $5.67 | $12.27 | $4.67 |
| EPS, diluted | $74.33 | $7.59 | $0.70 | -$5.34 | $7.75 | $5.14 | $2.37 | $5.51 | $11.51 | $4.41 |
| Diluted shares | 1.14B | 1.13B | 1.12B | 1.09B | 1.12B | 1.14B | 1.13B | 1.14B | 1.23B | 1.15B |
| Line item | Sep 3, 2026 | Aug 28, 2025 | Aug 29, 2024 | Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | Aug 29, 2019 | Aug 30, 2018 | Aug 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $38.36B | $9.64B | $7.05B | $8.66B | $8.34B | $7.83B | $7.69B | $7.28B | $6.59B | $5.22B |
| Receivables | $31.79B | $7.16B | $5.42B | $2.05B | $4.76B | $4.92B | $3.49B | $2.78B | $5.06B | $3.49B |
| Inventory | $10.37B | $8.36B | $8.88B | $8.39B | $6.66B | $4.49B | $5.37B | $5.12B | $3.60B | $3.12B |
| Current assets | $91.07B | $28.84B | $24.37B | $21.24B | $21.78B | $19.91B | $17.96B | $16.50B | $16.04B | $12.46B |
| Goodwill | $1.15B | $1.15B | $1.15B | $1.15B | $1.23B | $1.23B | $1.23B | $1.23B | $1.23B | $1.23B |
| Total assets | $195.89B | $82.80B | $69.42B | $64.25B | $66.28B | $58.85B | $53.68B | $48.89B | $43.38B | $35.34B |
| Current liabilities | $27.48B | $11.45B | $9.25B | $4.76B | $7.54B | $6.42B | $6.63B | $6.39B | $5.75B | $5.33B |
| Short-term debt | $491.00M | $560.00M | $431.00M | $278.00M | $103.00M | $155.00M | $270.00M | $1.31B | $859.00M | $1.26B |
| Long-term debt | $4.69B | $14.02B | $12.97B | $13.05B | $6.80B | $6.62B | $6.37B | $4.54B | $3.78B | $9.87B |
| Total debt | $5.18B | $14.58B | $13.40B | $13.33B | $6.91B | $6.78B | $6.64B | $5.85B | $4.64B | $11.13B |
| Total liabilities | $57.51B | $28.63B | $24.29B | $20.13B | $16.38B | $14.92B | $14.68B | $12.02B | $10.11B | $15.85B |
| Shareholders' equity | $138.38B | $54.16B | $45.13B | $44.12B | $49.91B | $43.93B | $39.00B | $36.77B | $33.16B | $19.47B |
| Line item | Sep 3, 2026 | Aug 28, 2025 | Aug 29, 2024 | Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | Aug 29, 2019 | Aug 30, 2018 | Aug 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $89.67B | $17.52B | $8.51B | $1.56B | $15.18B | $12.47B | $8.31B | $13.19B | $17.40B | $8.15B |
| Capital expenditures | $30.71B | $15.86B | $8.39B | $7.68B | $12.07B | $10.03B | $8.22B | $9.78B | $8.88B | $4.73B |
| Free cash flow | $58.96B | $1.67B | $121.00M | -$6.12B | $3.11B | $2.44B | $83.00M | $3.41B | $8.52B | $3.42B |
| Investing cash flow | -$61.64B | -$14.09B | -$8.31B | -$6.19B | -$11.59B | -$10.59B | -$7.59B | -$10.09B | -$8.22B | -$7.54B |
| Financing cash flow | $630.00M | -$850.00M | -$1.84B | $4.98B | -$2.98B | -$1.78B | -$317.00M | -$2.44B | -$7.78B | $349.00M |
| Dividends paid | $610.00M | $522.00M | $513.00M | $504.00M | $461.00M | $0 | $0 | - | - | - |
| Share repurchases | $650.00M | $0 | $300.00M | $425.00M | $2.43B | $1.20B | $176.00M | $2.73B | $71.00M | $36.00M |
| Stock-based compensation | $1.33B | $972.00M | $833.00M | $596.00M | $514.00M | $378.00M | $328.00M | $243.00M | $198.00M | $215.00M |
| Depreciation and amortization | $9.50B | $8.35B | $7.78B | $7.76B | $7.12B | $6.21B | $5.65B | $5.42B | $4.76B | $3.86B |
| Line item | Sep 3, 2026 | Aug 28, 2025 | Aug 29, 2024 | Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | Aug 29, 2019 | Aug 30, 2018 | Aug 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 256.3% | 48.9% | 61.6% | -49.5% | 11.0% | 29.3% | -8.4% | -23.0% | 49.5% | 63.9% |
| Net income growth, YoY | 895.1% | 997.6% | - | - | 48.2% | 118.1% | -57.4% | -55.3% | 177.8% | - |
| EPS growth, YoY | 879.3% | 984.3% | - | - | 50.8% | 116.9% | -57.0% | -52.1% | 161.0% | - |
| Gross margin | 80.7% | 39.8% | 22.4% | -9.1% | 45.2% | 37.6% | 30.6% | 45.7% | 58.9% | 41.5% |
| Operating margin | 74.6% | 26.1% | 5.2% | -37.0% | 31.5% | 22.7% | 14.0% | 31.5% | 49.3% | 28.9% |
| Net margin | 63.8% | 22.8% | 3.1% | -37.5% | 28.2% | 21.2% | 12.5% | 27.0% | 46.5% | 25.0% |
| Free cash flow margin | 44.3% | 4.5% | 0.5% | -39.4% | 10.1% | 8.8% | 0.4% | 14.6% | 28.0% | 16.8% |
| Return on equity | 61.4% | 15.8% | 1.7% | -13.2% | 17.4% | 13.3% | 6.9% | 17.2% | 42.6% | 26.1% |
| Return on assets | 43.4% | 10.3% | 1.1% | -9.1% | 13.1% | 10.0% | 5.0% | 12.9% | 32.6% | 14.4% |
| Current ratio | 3.31 | 2.52 | 2.64 | 4.46 | 2.89 | 3.10 | 2.71 | 2.58 | 2.79 | 2.34 |
| Debt to equity | 0.04 | 0.27 | 0.30 | 0.30 | 0.14 | 0.15 | 0.17 | 0.16 | 0.14 | 0.57 |
| Line item | Sep 3, 2026 | May 28, 2026 | Feb 26, 2026 | Nov 27, 2025 | Aug 28, 2025 | May 29, 2025 | Feb 27, 2025 | Nov 28, 2024 | Aug 29, 2024 | May 30, 2024 | Feb 29, 2024 | Nov 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $54.23B | $41.46B | $23.86B | $13.64B | $11.31B | $9.30B | $8.05B | $8.71B | $7.75B | $6.81B | $5.82B | $4.73B |
| Cost of revenue | $7.18B | $6.40B | $6.11B | $6.00B | $6.26B | $5.79B | $5.09B | $5.36B | $5.01B | $4.98B | $4.75B | $4.76B |
| Gross profit | $47.05B | $35.06B | $17.75B | $7.65B | $5.05B | $3.51B | $2.96B | $3.35B | $2.74B | $1.83B | $1.08B | -$35.00M |
| Research and development | $1.91B | $1.32B | $1.25B | $1.17B | $1.05B | $965.00M | $898.00M | $888.00M | $903.00M | $850.00M | $832.00M | $845.00M |
| Selling, general and admin | $859.00M | $407.00M | $344.00M | $337.00M | $314.00M | $318.00M | $285.00M | $288.00M | $295.00M | $291.00M | $280.00M | $263.00M |
| Operating income | $43.75B | $33.32B | $16.14B | $6.14B | $3.65B | $2.17B | $1.77B | $2.17B | $1.52B | $719.00M | $191.00M | -$1.13B |
| Interest expense | $0 | $0 | $32.00M | $74.00M | $124.00M | $123.00M | $112.00M | $118.00M | $136.00M | $150.00M | $144.00M | $132.00M |
| Pre-tax income | $44.24B | $33.21B | $16.16B | $6.06B | $3.63B | $2.11B | $1.76B | $2.15B | $1.51B | $715.00M | $170.00M | -$1.16B |
| Income tax | $6.58B | $4.98B | $2.37B | $829.00M | $429.00M | $235.00M | $177.00M | $283.00M | $623.00M | $377.00M | -$622.00M | $73.00M |
| Net income | $37.70B | $28.24B | $13.79B | $5.24B | $3.20B | $1.89B | $1.58B | $1.87B | $887.00M | $332.00M | $793.00M | -$1.23B |
| EPS, basic | $33.44 | $25.03 | $12.25 | $4.66 | $2.86 | $1.69 | $1.42 | $1.68 | $0.80 | $0.30 | $0.72 | -$1.12 |
| EPS, diluted | $32.99 | $24.67 | $12.07 | $4.60 | $2.83 | $1.68 | $1.41 | $1.67 | $0.81 | $0.30 | $0.71 | -$1.12 |
| Diluted shares | - | 1.15B | 1.14B | 1.14B | - | 1.13B | 1.12B | 1.12B | - | 1.12B | 1.11B | 1.10B |
| Line item | Sep 3, 2026 | May 28, 2026 | Feb 26, 2026 | Nov 27, 2025 | Aug 28, 2025 | May 29, 2025 | Feb 27, 2025 | Nov 28, 2024 | Aug 29, 2024 | May 30, 2024 | Feb 29, 2024 | Nov 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $38.36B | $25.00B | $13.91B | $9.73B | $9.64B | $10.17B | $7.56B | $6.70B | $7.05B | $7.66B | $8.10B | $8.15B |
| Receivables | $31.79B | $26.89B | $15.39B | $8.01B | $7.16B | $5.49B | $5.09B | $6.25B | $5.42B | $4.42B | $3.65B | $2.48B |
| Inventory | $10.37B | $8.57B | $8.27B | $8.21B | $8.36B | $8.73B | $9.01B | $8.71B | $8.88B | $8.51B | $8.44B | $8.28B |
| Current assets | $91.07B | $66.74B | $41.41B | $29.66B | $28.84B | $27.92B | $24.69B | $24.49B | $24.37B | $23.32B | $23.43B | $21.06B |
| Goodwill | $1.15B | $1.15B | $1.15B | $1.15B | $1.15B | $1.15B | $1.15B | $1.15B | $1.15B | $1.15B | $1.15B | $1.15B |
| Total assets | $195.89B | $134.11B | $101.51B | $85.97B | $82.80B | $78.40B | $73.05B | $71.46B | $69.42B | $66.25B | $65.72B | $63.78B |
| Current liabilities | $27.48B | $19.49B | $14.30B | $12.06B | $11.45B | $10.13B | $7.88B | $9.02B | $9.25B | $6.84B | $6.26B | $5.96B |
| Short-term debt | $491.00M | $582.00M | $585.00M | $569.00M | $560.00M | $538.00M | $504.00M | $533.00M | $431.00M | $398.00M | $344.00M | $908.00M |
| Long-term debt | $4.69B | $5.14B | $9.56B | $11.19B | $14.02B | $15.00B | $13.85B | $13.25B | $12.97B | $12.86B | $13.38B | $12.60B |
| Total debt | $5.18B | $5.72B | $10.14B | $11.76B | $14.58B | $15.54B | $14.36B | $13.79B | $13.40B | $13.26B | $13.72B | $13.51B |
| Total liabilities | $57.51B | $33.39B | $29.05B | $27.16B | $28.63B | $27.65B | $24.42B | $24.66B | $24.29B | $22.03B | $21.85B | $20.89B |
| Shareholders' equity | $138.38B | $100.72B | $72.46B | $58.81B | $54.16B | $50.75B | $48.63B | $46.80B | $45.13B | $44.23B | $43.87B | $42.88B |
| Line item | Sep 3, 2026 | May 28, 2026 | Feb 26, 2026 | Nov 27, 2025 | Aug 28, 2025 | May 29, 2025 | Feb 27, 2025 | Nov 28, 2024 | Aug 29, 2024 | May 30, 2024 | Feb 29, 2024 | Nov 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $43.97B | $25.39B | $11.90B | $8.41B | $5.73B | $4.61B | $3.94B | $3.24B | $3.40B | $2.48B | $1.22B | $1.40B |
| Capital expenditures | $11.11B | $7.83B | $6.39B | $5.39B | $5.66B | $2.94B | $4.05B | $3.21B | $3.12B | $2.09B | $1.38B | $1.80B |
| Free cash flow | $32.86B | $17.56B | $5.52B | $3.02B | $72.00M | $1.67B | -$113.00M | $38.00M | $285.00M | $396.00M | -$165.00M | -$395.00M |
| Investing cash flow | -$41.95B | -$9.57B | -$5.53B | -$4.59B | -$5.20B | -$2.59B | -$3.15B | -$3.15B | -$3.60B | -$2.00B | -$1.15B | -$1.56B |
| Financing cash flow | $11.28B | -$4.73B | -$2.17B | -$3.75B | -$1.06B | $540.00M | $96.00M | -$422.00M | -$474.00M | -$910.00M | -$106.00M | -$352.00M |
| Dividends paid | $173.00M | $171.00M | $132.00M | $134.00M | $130.00M | $131.00M | $130.00M | $131.00M | $129.00M | $128.00M | $127.00M | $129.00M |
| Share repurchases | $0 | $0 | $350.00M | $300.00M | $0 | $0 | $0 | $0 | $300.00M | $0 | $0 | $0 |
| Stock-based compensation | $379.00M | $355.00M | $309.00M | $290.00M | $250.00M | $253.00M | $249.00M | $220.00M | $213.00M | $219.00M | $213.00M | $188.00M |
| Depreciation and amortization | $2.64B | $2.36B | $2.29B | $2.21B | $2.15B | $2.09B | $2.08B | $2.03B | $1.99B | $1.96B | $1.92B | $1.92B |
| Line item | Sep 3, 2026 | May 28, 2026 | Feb 26, 2026 | Nov 27, 2025 | Aug 28, 2025 | May 29, 2025 | Feb 27, 2025 | Nov 28, 2024 | Aug 29, 2024 | May 30, 2024 | Feb 29, 2024 | Nov 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 379.3% | 345.7% | 196.3% | 56.7% | 46.0% | 36.6% | 38.3% | 84.3% | 93.3% | 81.5% | 57.7% | 15.7% |
| Net income growth, YoY | 1077.8% | 1398.3% | 770.8% | 180.2% | 260.9% | 467.8% | 99.6% | - | - | - | - | - |
| EPS growth, YoY | 1065.7% | 1368.5% | 756.0% | 175.4% | 249.4% | 460.0% | 98.6% | - | - | - | - | - |
| Gross margin | 86.8% | 84.6% | 74.4% | 56.0% | 44.7% | 37.7% | 36.8% | 38.4% | 35.3% | 26.9% | 18.5% | -0.7% |
| Operating margin | 80.7% | 80.4% | 67.6% | 45.0% | 32.3% | 23.3% | 22.0% | 25.0% | 19.6% | 10.6% | 3.3% | -23.9% |
| Net margin | 69.5% | 68.1% | 57.8% | 38.4% | 28.3% | 20.3% | 19.7% | 21.5% | 11.4% | 4.9% | 13.6% | -26.1% |
| Free cash flow margin | 60.6% | 42.4% | 23.1% | 22.2% | 0.6% | 18.0% | -1.4% | 0.4% | 3.7% | 5.8% | -2.8% | -8.4% |
| Current ratio | 3.31 | 3.42 | 2.90 | 2.46 | 2.52 | 2.75 | 3.13 | 2.72 | 2.64 | 3.41 | 3.74 | 3.53 |
| Debt to equity | 0.04 | 0.06 | 0.14 | 0.20 | 0.27 | 0.31 | 0.30 | 0.29 | 0.30 | 0.30 | 0.31 | 0.31 |
Source: XBRL data Micron Technology Inc. files with the SEC, latest filing dated Oct 9, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| MU | $133.19B | +256.3% | $84.97B | 63.8% | $780.68B |
| ADI | $13.88B | +33.6% | $4.14B | 29.8% | $176.17B |
| CDNS | $6.13B | +17.6% | $1.38B | 22.5% | $87.78B |
| NXPI | $13.80B | +14.6% | $3.25B | 23.6% | $62.58B |
| SMCI | $39.06B | +77.8% | $2.23B | 5.7% | $18.89B |
| ARW | $38.93B | +32.5% | $1.02B | 2.6% | $9.22B |
| AVT | $27.63B | +24.5% | $334.39M | 1.2% | $6.52B |