Overview
MICRON TECHNOLOGY INC
Latest 10-K: FY2026, filed Oct 9, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $133.19B
- 256.3%YoYup from FY2025
- TotalRevenue
- Gross profit
- $107.50B
- 622.8%YoYup from FY2025
- GrossProfit
- Operating income
- $99.34B
- 916.8%YoYup from FY2025
- OperatingIncome
- Net income
- $84.97B
- 895.1%YoYup from FY2025
- NetIncome
- Diluted EPS
- $74.33
- 879.3%YoYup from FY2025
- EPSDiluted
- Diluted shares
- 1.14B
- 1.6%YoYup from FY2025
- WeightedAvgSharesDiluted
At a glance
Growth
- MICRON TECHNOLOGY INC reported revenue of $133.19B for fiscal 2026, up 256.3% from fiscal 2025.
- Revenue grew faster than the median S&P 500 member in 3 of the last 4 fiscal years.
Profitability
- Operating margin was 74.6% and net margin was 63.8%.
Per share
- Diluted EPS was $74.33, up 879.3% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 30, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $133.19B256.3%up | $37.38B48.9%up Benchmark median 6.4% | $25.11B61.6%up Benchmark median 4.5% | $15.54B49.5%down Benchmark median 4.8% | $30.76B11.0%up Benchmark median 10.3% | 44.3% |
| Gross Profit Median of 315 / 498 | $107.50B622.8%up | $14.87B165.0%up Benchmark median 6.8% | $5.61Bn/m Benchmark median 5.5% | negative: -$1.42B110.2%down Benchmark median 5.2% | $13.90B33.3%up Benchmark median 8.3% | 66.8% |
| Operating Income Median of 373 / 498 | $99.34B916.8%up | $9.77B649.2%up Benchmark median 7.3% | $1.30Bn/m Benchmark median 7.4% | negative: -$5.75B159.2%down Benchmark median 4.9% | $9.70B54.4%up Benchmark median 7.5% | 78.9% |
| Net Income | $84.97B895.1%up | $8.54B997.6%up Benchmark median 4.8% | $0.78Bn/m Benchmark median 5.7% | negative: -$5.83B167.1%down Benchmark median 1.9% | $8.69B48.2%up Benchmark median 1.3% | 76.8% |
| EPS (Diluted) | $74.33879.3%up | $7.59984.3%up Benchmark median 6.2% | $0.70n/m Benchmark median 7.9% | negative: -$5.34168.9%down Benchmark median 1.9% | $7.7550.8%up Benchmark median 1.5% | 76.0% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $195.89B136.6%up | $82.80B19.3%up Benchmark median 5.6% | $69.42B8.0%up Benchmark median 3.4% | $64.25B3.1%down Benchmark median 4.1% | $66.28B12.6%up Benchmark median 2.2% | 31.1% |
| Total Liabilities Median of 357 / 498 | $57.51B100.9%up | $28.63B17.9%up Benchmark median 6.4% | $24.29B20.6%up Benchmark median 1.9% | $20.13B22.9%up Benchmark median 2.9% | $16.38B9.8%up Benchmark median 2.0% | 36.9% |
| Stockholders' Equity | $138.38B155.5%up | $54.16B20.0%up Benchmark median 6.8% | $45.13B2.3%up Benchmark median 5.4% | $44.12B11.6%down Benchmark median 7.3% | $49.91B13.6%up Benchmark median 2.5% | 29.0% |
| Cash & Equivalents | $38.36B297.9%up | $9.64B36.9%up Benchmark median 5.2% | $7.04B17.9%down Benchmark median 1.9% | $8.58B3.8%up Benchmark median 6.7% | $8.26B6.4%up Benchmark median -8.6% | 46.8% |
| Total Debt | $5.18B64.5%down | $14.58B8.8%up Benchmark median 2.1% | $13.40B0.5%up Benchmark median 0.2% | $13.33B93.0%up Benchmark median 0.3% | $6.91B1.9%up Benchmark median 0.1% | -6.9% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $89.67B411.7%up | $17.52B106.0%up Benchmark median 6.3% | $8.51B445.7%up Benchmark median 4.8% | $1.56B89.7%down Benchmark median 9.9% | $15.18B21.8%up Benchmark median -0.7% | 55.9% |
| Capital Expenditures | $30.71B93.7%up | $15.86B89.1%up Benchmark median 5.4% | $8.39B9.2%up Benchmark median 2.8% | $7.68B36.4%down Benchmark median 11.3% | $12.07B20.3%up Benchmark median 14.0% | 26.3% |
| Free Cash Flow Median of 378 / 498 | $58.96B3435.0%up | $1.67B1278.5%up Benchmark median 7.3% | $0.12Bn/m Benchmark median 6.1% | negative: -$6.12B296.4%down Benchmark median 8.8% | $3.11B27.7%up Benchmark median -11.3% | 108.6% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2026Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
7.8%
Wall Street
on net earnings
FY2025 6.2%
5.4%
Value investor
on free cash flow
FY2025 1.2%
Gap −2.4 pts: Value-investor figure 2.4 points lower
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 12.9×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Enterprise yield
What a dollar of enterprise value earned
10.3%
Wall Street
on EBITDA
FY2025 12.8%
9.4%
Value investor
on EBIT
FY2025 6.9%
Gap −0.9 pts: Value-investor figure 0.9 points lower
How it’s calculated
Wall Street · on EBITDA
EBITDA ÷ enterprise value (1 ÷ EV/EBITDA)
ev_ebitda (ratio table)
EV/EBITDA 9.7×Value investor · on EBIT
Operating income (EBIT) ÷ enterprise value: depreciation counts as a real cost
operating income ÷ (ev_ebitda × ebitda)
Valuation · Book yield
Net assets behind a dollar of market value
12.6%
Wall Street
on book equity
FY2025 39.5%
12.5%
Value investor
on tangible book
FY2025 38.3%
Gap −0.1 pts: Value-investor figure 0.1 points lower
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 7.9×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
88.3%
Wall Street
ROE: net income ÷ equity
FY2025 17.2%
67.6%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2025 14.1%
Gap −20.7 pts: Value-investor figure 20.7 points lower
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
81.7%
Wall Street
EBITDA margin
FY2025 48.5%
44.3%
Value investor
Free-cash-flow margin
FY2025 4.5%
Gap −37.4 pts: Value-investor figure 37.4 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
3.31×
Wall Street
Current ratio
FY2025 2.52×
2.94×
Value investor
Quick ratio, inventory excluded
FY2025 1.79×
Gap −0.37×: Value-investor figure 0.37 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
21.02×
Wall Street
EBITDA ÷ total debt
FY2025 1.24×
11.39×
Value investor
FCF ÷ total debt
FY2025 0.11×
Gap −9.63×: Value-investor figure 9.63 lower
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Net cashValue investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
1026.8×
Wall Street
EBITDA ÷ interest
FY2025 38.0×
937.2×
Value investor
EBIT ÷ interest
FY2025 20.5×
Gap −89.6×: Value-investor figure 89.6 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on MU yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on MU and publish the result to your public profile.
Cite this page
Data as of Oct 30, 2026. Canonical address: https://valuein.biz/data/MU
Valuein. (2026, October 30). MICRON TECHNOLOGY INC (MU) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/MU
@misc{valuein_mu_2026,
author = {{Valuein}},
title = {MICRON TECHNOLOGY INC (MU) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/MU}},
note = {Data as of 2026-10-30; source: SEC EDGAR filings}
}10-K filed Oct 9, 2026 · accession 0000723125-26-000023
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point-in-time · survivorship-free · every number traceable to its SEC filing
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