NASDAQ : MU
Micron Technology, Inc. — Financial statements
Technology · Semiconductors · United States
Last price 884.74 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.00T
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Financial statements
Micron Technology, Inc. (MU) reported revenue of 133.19B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 133.19B | 133.19B | 37.38B | 25.11B | 15.54B | 30.76B |
| Cost of Revenue | 25.68B | 25.68B | 22.50B | 19.50B | 15.12B | 16.86B |
| Gross Profit | 107.50B | 107.50B | 14.87B | 5.61B | 415.00M | 13.90B |
| Selling, General & Admin | 1.95B | 1.95B | 1.21B | 1.13B | 920.00M | 1.07B |
| Research & Development | 5.65B | 5.65B | 3.80B | 3.43B | 3.11B | 3.12B |
| Other Operating Expenses | 567.00M | 567.00M | 100.00M | -250.00M | -45.00M | 7.00M |
| Operating Expenses | 8.16B | 8.16B | 5.10B | 4.31B | 3.99B | 4.19B |
| Operating Income | 99.34B | 99.34B | 9.77B | 1.30B | -3.57B | 9.71B |
| Interest Expense | -106.00M | -106.00M | -477.00M | -562.00M | -388.00M | -189.00M |
| Interest & Investment Income | 1.08B | 1.08B | 496.00M | 529.00M | 468.00M | 96.00M |
| Earnings From Equity Investments | 59.00M | 59.00M | 9.00M | -11.00M | 2.00M | 4.00M |
| Currency Exchange Gain (Loss) | 10.00M | |||||
| Other Non Operating Income (Expenses) | -647.00M | -647.00M | -135.00M | -31.00M | 4.00M | -74.00M |
| EBT Excluding Unusual Items | 99.73B | 99.73B | 9.66B | 1.23B | -3.48B | 9.55B |
| Merger & Restructuring Charges | -163.00M | -48.00M | ||||
| Impairment of Goodwill | -101.00M | |||||
| Gain (Loss) on Sale of Investments | -7.00M | 36.00M | ||||
| Gain (Loss) on Sale of Assets | 41.00M | |||||
| Asset Writedown | -1.84B | |||||
| Legal Settlements | -68.00M | |||||
| Pretax Income | 99.73B | 99.73B | 9.66B | 1.23B | -5.66B | 9.57B |
| Income Tax Expense | 14.76B | 14.76B | 1.12B | 451.00M | 177.00M | 888.00M |
| Earnings From Continuing Operations | 84.97B | 84.97B | 8.54B | 778.00M | -5.83B | 8.69B |
| Net Income | 84.97B | 84.97B | 8.54B | 778.00M | -5.83B | 8.69B |
| Net Income to Common | 84.97B | 84.97B | 8.54B | 778.00M | -5.83B | 8.69B |
| Shares Outstanding (Basic) | 1.13B | 1.13B | 1.12B | 1.10B | 1.09B | 1.11B |
| Shares Outstanding (Diluted) | 1.14B | 1.14B | 1.12B | 1.12B | 1.09B | 1.12B |
| EPS (Basic) | 75.39 | 75.39 | 7.65 | 0.70 | -5.34 | 7.81 |
| EPS (Diluted) | 74.33 | 74.33 | 7.59 | 0.70 | -5.34 | 7.75 |
| Free Cash Flow | 58.96B | 58.96B | 1.67B | 121.00M | -6.12B | 3.11B |
| Free Cash Flow Per Share | 51.59 | 51.59 | 1.48 | 0.11 | -5.60 | 2.77 |
| Dividend Per Share | 0.56 | 0.56 | 0.46 | 0.46 | 0.46 | 0.32 |
| Gross Margin | 80.72% | 80.72% | 39.79% | 22.35% | 2.67% | 45.18% |
| Operating Margin | 74.59% | 74.59% | 26.14% | 5.19% | -23.00% | 31.57% |
| Profit Margin | 63.80% | 63.80% | 22.84% | 3.10% | -37.54% | 28.24% |
| Free Cash Flow Margin | 44.27% | 44.27% | 4.46% | 0.48% | -39.36% | 10.12% |
| EBITDA | 108.84B | 108.84B | 18.12B | 9.08B | 4.10B | 16.74B |
| EBITDA Margin | 81.72% | 81.72% | 48.48% | 36.18% | 26.36% | 54.43% |
| D&A For EBITDA | 9.50B | 9.50B | 8.35B | 7.78B | 7.67B | 7.03B |
| EBIT | 99.34B | 99.34B | 9.77B | 1.30B | -3.57B | 9.71B |
| EBIT Margin | 74.59% | 74.59% | 26.14% | 5.19% | -23.00% | 31.57% |
| Effective Tax Rate | 14.80% | 14.80% | 11.63% | 36.70% | 9.27% |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 38.36B | 38.36B | 9.64B | 7.04B | 8.58B | 8.26B |
| Short-Term Investments | 5.07B | 5.07B | 665.00M | 1.06B | 1.02B | 1.07B |
| Cash & Short-Term Investments | 43.43B | 43.43B | 10.31B | 8.11B | 9.59B | 9.33B |
| Accounts Receivable | 31.79B | 31.79B | 7.16B | 5.42B | 2.05B | 4.76B |
| Other Receivables | 4.40B | 4.40B | 2.10B | 1.20B | 395.00M | 365.00M |
| Receivables | 36.20B | 36.20B | 9.27B | 6.62B | 2.44B | 5.13B |
| Inventory | 10.37B | 10.37B | 8.36B | 8.88B | 8.39B | 6.66B |
| Restricted Cash | 27.00M | 27.00M | 4.00M | 11.00M | ||
| Other Current Assets | 1.04B | 1.04B | 910.00M | 765.00M | 820.00M | 657.00M |
| Total Current Assets | 91.07B | 91.07B | 28.84B | 24.37B | 21.24B | 21.78B |
| Property, Plant & Equipment | 63.31B | 63.31B | 46.59B | 40.39B | 38.59B | 39.23B |
| Long-Term Investments | 31.32B | 31.32B | 1.82B | 1.24B | 1.06B | 1.87B |
| Goodwill | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B | 1.23B |
| Other Intangible Assets | 416.00M | 404.00M | 421.00M | |||
| Long-Term Deferred Tax Assets | 520.00M | 756.00M | 702.00M | |||
| Other Long-Term Assets | 9.04B | 9.04B | 4.39B | 1.33B | 1.04B | 1.05B |
| Total Assets | 195.89B | 195.89B | 82.80B | 69.42B | 64.25B | 66.28B |
| Accounts Payable | 3.52B | 3.52B | 3.13B | 2.73B | 1.73B | 2.14B |
| Accrued Expenses | 4.45B | 4.45B | 1.12B | 1.12B | 367.00M | 877.00M |
| Current Portion of Long-Term Debt | 106.00M | 106.00M | ||||
| Current Portion of Leases | 491.00M | 491.00M | 560.00M | 396.00M | 238.00M | 163.00M |
| Current Income Taxes Payable | 5.63B | 5.63B | 628.00M | 218.00M | 67.00M | 420.00M |
| Current Unearned Revenue | 766.00M | |||||
| Other Current Liabilities | 13.40B | 13.40B | 6.02B | 3.92B | 2.26B | 3.94B |
| Total Current Liabilities | 27.48B | 27.48B | 11.45B | 9.25B | 4.76B | 7.54B |
| Long-Term Debt | 2.79B | 2.79B | 11.53B | 11.24B | 11.94B | 6.02B |
| Long-Term Leases | 1.90B | 1.90B | 2.48B | 2.34B | 1.71B | 1.39B |
| Long-Term Unearned Revenue | 12.89B | 12.89B | 142.00M | 141.00M | ||
| Long-Term Deferred Tax Liabilities | 59.00M | 117.00M | 13.00M | |||
| Other Long-Term Liabilities | 12.45B | 12.45B | 3.02B | 1.26B | 1.60B | 1.41B |
| Total Liabilities | 57.51B | 57.51B | 28.63B | 24.29B | 20.13B | 16.38B |
| Common Stock | 128.00M | 128.00M | 127.00M | 125.00M | 124.00M | 123.00M |
| Additional Paid-In Capital | 14.97B | 14.97B | 13.34B | 12.12B | 11.04B | 10.20B |
| Retained Earnings | 131.85B | 131.85B | 48.58B | 40.88B | 40.82B | 47.27B |
| Treasury Stock | -8.50B | -8.50B | -7.85B | -7.85B | -7.55B | -7.13B |
| Comprehensive Income & Other | -73.00M | -73.00M | -32.00M | -134.00M | -312.00M | -560.00M |
| Total Common Equity | 138.38B | 138.38B | 54.16B | 45.13B | 44.12B | 49.91B |
| Shareholders' Equity | 138.38B | 138.38B | 54.16B | 45.13B | 44.12B | 49.91B |
| Total Liabilities & Equity | 195.89B | 195.89B | 82.80B | 69.42B | 64.25B | 66.28B |
| Total Debt | 5.18B | 5.18B | 14.58B | 14.08B | 14.00B | 7.58B |
| Net Cash (Debt) | 68.27B | 68.27B | -2.64B | -4.93B | -3.56B | 3.40B |
| Net Cash Per Share | 59.73 | 59.73 | -2.35 | -4.41 | -3.26 | 3.03 |
| Filing Date Shares Outstanding | 1.13B | 1.13B | 1.12B | 1.11B | 1.10B | 1.09B |
| Total Common Shares Outstanding | 1.13B | 1.13B | 1.12B | 1.11B | 1.10B | 1.09B |
| Working Capital | 63.59B | 63.59B | 17.39B | 15.12B | 16.48B | 14.24B |
| Book Value Per Share | 122.35 | 122.35 | 48.28 | 40.70 | 40.18 | 45.62 |
| Tangible Book Value | 137.23B | 137.23B | 53.02B | 43.56B | 42.57B | 48.26B |
| Tangible Book Value Per Share | 121.33 | 121.33 | 47.25 | 39.28 | 38.77 | 44.11 |
| Land | 420.00M | 420.00M | 420.00M | 284.00M | 283.00M | 280.00M |
| Buildings | 26.49B | 26.49B | 22.17B | 20.14B | 17.97B | 16.68B |
| Machinery | 93.95B | 93.95B | 79.93B | 70.81B | 65.56B | 61.35B |
| Construction In Progress | 11.42B | 11.42B | 5.52B | 3.44B | 2.46B | 1.90B |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 84.97B | 84.97B | 8.54B | 778.00M | -5.83B | 8.69B |
| Depreciation & Amortization | 9.50B | 9.50B | 8.35B | 7.78B | 7.67B | 7.03B |
| Other Amortization | 86.00M | 85.00M | ||||
| Asset Writedown & Restructuring Costs | 101.00M | |||||
| Stock-Based Compensation | 1.33B | 1.33B | 972.00M | 833.00M | 596.00M | 514.00M |
| Other Operating Activities | -388.00M | -388.00M | -53.00M | 205.00M | 1.85B | 119.00M |
| Change in Accounts Receivable | -25.21B | -25.21B | -1.78B | -3.58B | 2.76B | 190.00M |
| Change in Inventory | -2.02B | -2.02B | 520.00M | -488.00M | -3.56B | -2.18B |
| Change in Accounts Payable | 8.71B | 8.71B | 862.00M | 1.92B | -1.30B | 334.00M |
| Change in Other Net Operating Assets | 12.77B | 12.77B | 109.00M | 1.06B | -817.00M | 400.00M |
| Operating Cash Flow | 89.67B | 89.67B | 17.52B | 8.51B | 1.56B | 15.18B |
| Capital Expenditures | -30.71B | -30.71B | -15.86B | -8.39B | -7.68B | -12.07B |
| Sale of Property, Plant & Equipment | 888.00M | |||||
| Investment in Securities | -33.93B | -33.93B | -226.00M | -215.00M | 868.00M | -155.00M |
| Other Investing Activities | 3.00B | 3.00B | 2.00B | 292.00M | 617.00M | -251.00M |
| Investing Cash Flow | -61.64B | -61.64B | -14.09B | -8.31B | -6.19B | -11.59B |
| Long-Term Debt Issued | 4.43B | 999.00M | 6.72B | 2.00B | ||
| Long-Term Debt Repaid | -10.04B | -10.04B | -4.62B | -1.90B | -761.00M | -2.03B |
| Net Debt Issued (Repaid) | -10.04B | -10.04B | -189.00M | -898.00M | 5.96B | -32.00M |
| Repurchase of Common Stock | -1.78B | -1.78B | -340.00M | -533.00M | -425.00M | -2.43B |
| Common Dividends Paid | -610.00M | -610.00M | -522.00M | -513.00M | -504.00M | -461.00M |
| Other Financing Activities | 13.06B | 13.06B | 201.00M | 102.00M | -43.00M | -55.00M |
| Financing Cash Flow | 630.00M | 630.00M | -850.00M | -1.84B | 4.98B | -2.98B |
| Foreign Exchange Rate Adjustments | 81.00M | 81.00M | 6.00M | 40.00M | -34.00M | -106.00M |
| Net Cash Flow | 28.75B | 28.75B | 2.59B | -1.60B | 317.00M | 510.00M |
| Free Cash Flow | 58.96B | 58.96B | 1.67B | 121.00M | -6.12B | 3.11B |
| Free Cash Flow Margin | 44.27% | 44.27% | 4.46% | 0.48% | -39.36% | 10.12% |
| Free Cash Flow Per Share | 51.59 | 51.59 | 1.48 | 0.11 | -5.60 | 2.77 |
| Levered Free Cash Flow | 29.14B | 29.14B | -841.88M | 399.75M | -3.96B | 1.50B |
| Unlevered Free Cash Flow | 29.21B | 29.21B | -543.75M | 751.00M | -3.71B | 1.62B |
| Cash Interest Paid | 197.00M | 197.00M | 418.00M | 503.00M | 323.00M | 154.00M |
| Cash Income Tax Paid | 1.25B | 1.25B | 583.00M | 338.00M | 532.00M | 493.00M |
| Change in Working Capital | -5.74B | -5.74B | -285.00M | -1.09B | -2.91B | -1.25B |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 943.14B | 1.08T | 136.53B | 105.97B | 76.61B | 63.22B |
| Enterprise Value | 874.87B | 1.06T | 140.53B | 110.75B | 79.19B | 59.00B |
| Last Close Price | 884.74 | 958.01 | 121.79 | 94.96 | 69.16 | 56.20 |
| PE Ratio | 11.21 | 12.74 | 15.99 | 136.21 | 7.28 | |
| Forward PE | 4.73 | 6.64 | 10.15 | 12.78 | 203.00 | 11.93 |
| PS Ratio | 7.07 | 8.12 | 3.65 | 4.22 | 4.93 | 2.06 |
| PB Ratio | 7.23 | 7.82 | 2.52 | 2.35 | 1.74 | 1.27 |
| P/TBV Ratio | 6.86 | 7.89 | 2.58 | 2.43 | 1.80 | 1.31 |
| P/FCF Ratio | 15.96 | 18.35 | 81.85 | 875.80 | 20.30 | |
| P/OCF Ratio | 10.50 | 12.07 | 7.79 | 12.46 | 49.14 | 4.16 |
| PEG Ratio | 0.09 | 0.04 | 0.12 | 7.26 | 7.26 | 1.63 |
| EV/Sales Ratio | 6.55 | 7.95 | 3.76 | 4.41 | 5.10 | 1.92 |
| EV/EBITDA Ratio | 8.02 | 9.72 | 7.75 | 12.19 | 19.33 | 3.52 |
| EV/EBIT Ratio | 8.79 | 10.65 | 14.38 | 84.93 | 6.08 | |
| EV/FCF Ratio | 14.80 | 17.95 | 84.25 | 915.31 | 18.95 | |
| Debt / Equity Ratio | 0.04 | 0.04 | 0.27 | 0.31 | 0.32 | 0.15 |
| Debt / EBITDA Ratio | 0.05 | 0.05 | 0.80 | 1.53 | 3.31 | 0.45 |
| Debt / FCF Ratio | 0.09 | 0.09 | 8.74 | 116.35 | 2.43 | |
| Net Debt / Equity Ratio | -0.49 | -0.49 | 0.05 | 0.11 | 0.08 | -0.07 |
| Net Debt / EBITDA Ratio | -0.63 | -0.63 | 0.15 | 0.54 | 0.87 | -0.20 |
| Net Debt / FCF Ratio | -1.16 | -1.16 | 1.58 | 40.71 | -0.58 | -1.09 |
| Asset Turnover | 0.96 | 0.96 | 0.49 | 0.38 | 0.24 | 0.49 |
| Inventory Turnover | 2.74 | 2.74 | 2.61 | 2.26 | 2.01 | 3.02 |
| Quick Ratio | 2.90 | 2.90 | 1.71 | 1.59 | 2.53 | 1.92 |
| Current Ratio | 3.31 | 3.31 | 2.52 | 2.63 | 4.46 | 2.89 |
| Return on Equity (ROE) | 88.26% | 88.26% | 17.20% | 1.74% | -12.41% | 18.51% |
| Return on Assets (ROA) | 44.56% | 44.56% | 8.02% | 1.22% | -3.42% | 9.70% |
| Return on Invested Capital (ROIC) | 93.42% | 106.76% | 15.76% | 1.66% | -7.39% | 19.41% |
| Return on Capital Employed (ROCE) | 59.00% | 59.00% | 13.70% | 2.20% | -6.00% | 16.50% |
| Earnings Yield | 8.92% | 7.85% | 6.25% | 0.73% | -7.61% | 13.74% |
| FCF Yield | 6.27% | 5.45% | 1.22% | 0.11% | -7.99% | 4.93% |
| Dividend Yield | 0.07% | 0.06% | 0.38% | 0.48% | 0.66% | 0.55% |
| Payout Ratio | 0.76% | 0.72% | 6.11% | 65.94% | 5.31% | |
| Buyback Yield / Dilution | -1.60% | -1.60% | -0.63% | -2.29% | 2.58% | 1.67% |
| Total Shareholder Return | -1.53% | -1.54% | -0.25% | -1.81% | 3.24% | 2.21% |