Micron Technology, Inc. (MU)
NASDAQ: MU · Real-Time Price · USD
924.03
-51.23 (-5.25%)
At close: Sep 14, 2026, 4:00 PM EDT
934.00
+9.97 (1.08%)
Pre-market: Sep 15, 2026, 8:01 AM EDT
Micron Technology Income Statement
Financials in millions USD. Fiscal year is September - August.
Millions USD. Fiscal year is Sep - Aug.
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | May '26 May 28, 2026 | Feb '26 Feb 26, 2026 | Nov '25 Nov 27, 2025 | Aug '25 Aug 28, 2025 | May '25 May 29, 2025 | Feb '25 Feb 27, 2025 | Nov '24 Nov 28, 2024 | Aug '24 Aug 29, 2024 | May '24 May 30, 2024 | Feb '24 Feb 29, 2024 | Nov '23 Nov 30, 2023 | Aug '23 Aug 31, 2023 | Jun '23 Jun 1, 2023 | Mar '23 Mar 2, 2023 | Dec '22 Dec 1, 2022 | Sep '22 Sep 1, 2022 | Jun '22 Jun 2, 2022 | Mar '22 Mar 3, 2022 | Dec '21 Dec 2, 2021 | Sep '21 Sep 2, 2021 |
| 41,456 | 23,860 | 13,643 | 11,315 | 9,301 | 8,053 | 8,709 | 7,750 | 6,811 | 5,824 | 4,726 | 4,010 | 3,752 | 3,693 | 4,085 | 6,643 | 8,642 | 7,786 | 7,687 | 8,274 | |
Revenue Growth (YoY) | 345.72% | 196.29% | 56.65% | 46.00% | 36.56% | 38.27% | 84.28% | 93.27% | 81.53% | 57.70% | 15.69% | -39.64% | -56.58% | -52.57% | -46.86% | -19.71% | 16.44% | 24.86% | 33.15% | 36.63% |
Cost of Revenue | 6,400 | 6,105 | 5,997 | 6,261 | 5,793 | 5,090 | 5,361 | 5,013 | 4,979 | 4,745 | 4,761 | 2,614 | 4,420 | 4,899 | 3,192 | 4,021 | 4,607 | 4,110 | 4,122 | 4,362 |
Gross Profit | 35,056 | 17,755 | 7,646 | 5,054 | 3,508 | 2,963 | 3,348 | 2,737 | 1,832 | 1,079 | -35 | 1,396 | -668 | -1,206 | 893 | 2,622 | 4,035 | 3,676 | 3,565 | 3,912 |
Selling, General & Admin | 407 | 344 | 337 | 314 | 318 | 285 | 288 | 295 | 291 | 280 | 263 | 219 | 219 | 231 | 251 | 280 | 264 | 263 | 259 | 236 |
Research & Development | 1,316 | 1,250 | 1,171 | 1,047 | 965 | 898 | 888 | 903 | 850 | 832 | 845 | 719 | 758 | 788 | 849 | 839 | 773 | 792 | 712 | 705 |
Other Operating Expenses | 15 | 26 | 2 | - | 56 | 7 | -2 | 16 | -28 | -224 | -15 | 2 | 4 | -8 | -11 | 2 | -1 | 70 | -75 | 18 |
Operating Expenses | 1,738 | 1,620 | 1,510 | 1,361 | 1,339 | 1,190 | 1,174 | 1,214 | 1,113 | 888 | 1,093 | 940 | 981 | 1,011 | 1,089 | 1,121 | 1,036 | 1,125 | 891 | 959 |
Operating Income | 33,318 | 16,135 | 6,136 | 3,693 | 2,169 | 1,773 | 2,174 | 1,523 | 719 | 191 | -1,128 | 456 | -1,649 | -2,217 | -196 | 1,501 | 2,999 | 2,551 | 2,674 | 2,953 |
Interest Expense | - | -32 | -74 | -124 | -123 | -112 | -118 | -136 | -150 | -144 | -132 | -129 | -119 | -89 | -51 | -45 | -44 | -55 | -45 | -47 |
Interest & Investment Income | 215 | 155 | 139 | 146 | 135 | 108 | 107 | 131 | 136 | 130 | 132 | 134 | 127 | 119 | 88 | 54 | 20 | 12 | 10 | 9 |
Earnings From Equity Investments | 9 | -4 | 8 | -1 | 7 | 2 | 1 | - | -6 | 1 | -6 | 4 | -4 | 13 | -11 | -5 | -4 | 9 | 4 | 14 |
Currency Exchange Gain (Loss) | - | - | -34 | -162 | - | - | -13 | -13 | - | - | - | - | - | - | - | - | - | - | - | - |
Other Non Operating Income (Expenses) | 2 | -51 | 24 | 186 | -68 | -11 | 2 | 10 | 10 | -7 | 4 | 16 | - | 2 | 3 | -3 | 8 | 6 | -2 | -2 |
EBT Excluding Unusual Items | 33,544 | 16,203 | 6,199 | 3,738 | 2,120 | 1,760 | 2,153 | 1,515 | 709 | 171 | -1,130 | 481 | -1,645 | -2,172 | -167 | 1,502 | 2,979 | 2,523 | 2,641 | 2,927 |
Merger & Restructuring Charges | - | - | - | -30 | - | - | - | -1 | - | - | - | -4 | -68 | -86 | -13 | -5 | - | -5 | -43 | -22 |
Impairment of Goodwill | - | - | - | - | - | - | - | - | - | - | - | -101 | - | - | - | - | - | - | - | - |
Gain (Loss) on Sale of Investments | - | - | - | -10 | - | - | - | -3 | - | - | -31 | -7 | - | - | -7 | 26 | - | - | 10 | 21 |
Gain (Loss) on Sale of Assets | - | - | - | - | - | - | - | - | - | - | - | 8 | 24 | - | - | 25 | 5 | - | - | 24 |
Asset Writedown | - | - | - | -9 | - | - | - | - | - | - | - | -1,831 | - | - | - | - | - | - | - | - |
Legal Settlements | - | - | - | - | - | - | - | - | - | - | - | - | -68 | - | - | - | - | - | - | - |
Other Unusual Items | -323 | -47 | -130 | -59 | - | - | - | -1 | - | - | - | - | - | - | - | - | - | - | -83 | - |
Pretax Income | 33,221 | 16,156 | 6,069 | 3,630 | 2,120 | 1,760 | 2,153 | 1,510 | 709 | 171 | -1,161 | -1,454 | -1,757 | -2,258 | -187 | 1,548 | 2,984 | 2,518 | 2,525 | 2,950 |
Income Tax Expense | 4,978 | 2,371 | 829 | 429 | 235 | 177 | 283 | 623 | 377 | -622 | 73 | -24 | 139 | 54 | 8 | 56 | 358 | 255 | 219 | 230 |
Earnings From Continuing Operations | 28,243 | 13,785 | 5,240 | 3,201 | 1,885 | 1,583 | 1,870 | 887 | 332 | 793 | -1,234 | -1,430 | -1,896 | -2,312 | -195 | 1,492 | 2,626 | 2,263 | 2,306 | 2,720 |
Net Income | 28,243 | 13,785 | 5,240 | 3,201 | 1,885 | 1,583 | 1,870 | 887 | 332 | 793 | -1,234 | -1,430 | -1,896 | -2,312 | -195 | 1,492 | 2,626 | 2,263 | 2,306 | 2,720 |
Net Income to Common | 28,243 | 13,785 | 5,240 | 3,201 | 1,885 | 1,583 | 1,870 | 887 | 332 | 793 | -1,234 | -1,430 | -1,896 | -2,312 | -195 | 1,492 | 2,626 | 2,263 | 2,306 | 2,720 |
Net Income Growth (YoY) | 1398.30% | 770.81% | 180.21% | 260.88% | 467.77% | 99.62% | - | - | - | - | - | - | - | - | - | -45.15% | 51.35% | 275.29% | 187.17% | 175.30% |
Shares Outstanding (Basic) | 1,128 | 1,126 | 1,125 | 1,120 | 1,118 | 1,115 | 1,111 | 1,108 | 1,107 | 1,104 | 1,100 | 1,095 | 1,094 | 1,091 | 1,090 | 1,097 | 1,112 | 1,119 | 1,119 | 1,123 |
Shares Outstanding (Diluted) | 1,145 | 1,142 | 1,138 | 1,131 | 1,125 | 1,123 | 1,122 | 1,125 | 1,123 | 1,114 | 1,100 | 1,095 | 1,094 | 1,091 | 1,090 | 1,106 | 1,121 | 1,130 | 1,130 | 1,138 |
Shares Change (YoY) | 1.78% | 1.69% | 1.43% | 0.53% | 0.18% | 0.81% | 2.00% | 2.74% | 2.65% | 2.11% | 0.92% | -1.00% | -2.41% | -3.45% | -3.54% | -2.81% | -2.10% | -1.22% | -0.44% | 0.62% |
EPS (Basic) | 25.04 | 12.24 | 4.66 | 2.86 | 1.69 | 1.42 | 1.68 | 0.80 | 0.30 | 0.72 | -1.12 | -1.31 | -1.73 | -2.12 | -0.18 | 1.36 | 2.36 | 2.02 | 2.06 | 2.42 |
EPS (Diluted) | 24.67 | 12.07 | 4.60 | 2.83 | 1.68 | 1.41 | 1.67 | 0.79 | 0.30 | 0.71 | -1.12 | -1.31 | -1.73 | -2.12 | -0.18 | 1.36 | 2.34 | 2.00 | 2.04 | 2.40 |
EPS Growth (YoY) | 1368.45% | 756.03% | 175.45% | 256.94% | 460.17% | 98.59% | - | - | - | - | - | - | - | - | - | -43.24% | 53.95% | 277.36% | 187.32% | 174.31% |
Additional Metrics
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | May '26 May 28, 2026 | Feb '26 Feb 26, 2026 | Nov '25 Nov 27, 2025 | Aug '25 Aug 28, 2025 | May '25 May 29, 2025 | Feb '25 Feb 27, 2025 | Nov '24 Nov 28, 2024 | Aug '24 Aug 29, 2024 | May '24 May 30, 2024 | Feb '24 Feb 29, 2024 | Nov '23 Nov 30, 2023 | Aug '23 Aug 31, 2023 | Jun '23 Jun 1, 2023 | Mar '23 Mar 2, 2023 | Dec '22 Dec 1, 2022 | Sep '22 Sep 1, 2022 | Jun '22 Jun 2, 2022 | Mar '22 Mar 3, 2022 | Dec '21 Dec 2, 2021 | Sep '21 Sep 2, 2021 |
Free Cash Flow | 17,562 | 5,516 | 3,022 | 72 | 1,671 | -113 | 38 | 285 | 396 | -165 | -395 | -1,212 | -1,537 | -1,862 | -1,506 | 164 | 1,260 | 1,017 | 673 | 1,869 |
Free Cash Flow Per Share | 15.34 | 4.83 | 2.66 | 0.06 | 1.49 | -0.10 | 0.03 | 0.25 | 0.35 | -0.15 | -0.36 | -1.11 | -1.41 | -1.71 | -1.38 | 0.15 | 1.12 | 0.90 | 0.60 | 1.64 |
Dividend Per Share | 0.150 | 0.150 | 0.115 | 0.115 | 0.115 | 0.115 | 0.115 | 0.115 | 0.115 | 0.115 | 0.115 | 0.115 | 0.115 | 0.115 | 0.115 | 0.115 | 0.115 | 0.100 | 0.100 | 0.010 |
Dividend Growth (YoY) | 30.44% | 30.44% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 15.00% | 15.00% | 1050.00% | - | - | - | - |
Gross Margin | 84.56% | 74.41% | 56.04% | 44.67% | 37.72% | 36.79% | 38.44% | 35.32% | 26.90% | 18.53% | -0.74% | 34.81% | -17.80% | -32.66% | 21.86% | 39.47% | 46.69% | 47.21% | 46.38% | 47.28% |
Operating Margin | 80.37% | 67.62% | 44.98% | 32.64% | 23.32% | 22.02% | 24.96% | 19.65% | 10.56% | 3.28% | -23.87% | 11.37% | -43.95% | -60.03% | -4.80% | 22.60% | 34.70% | 32.76% | 34.79% | 35.69% |
Profit Margin | 68.13% | 57.77% | 38.41% | 28.29% | 20.27% | 19.66% | 21.47% | 11.45% | 4.87% | 13.62% | -26.11% | -35.66% | -50.53% | -62.60% | -4.77% | 22.46% | 30.39% | 29.07% | 30.00% | 32.87% |
Free Cash Flow Margin | 42.36% | 23.12% | 22.15% | 0.64% | 17.97% | -1.40% | 0.44% | 3.68% | 5.81% | -2.83% | -8.36% | -30.22% | -40.97% | -50.42% | -36.87% | 2.47% | 14.58% | 13.06% | 8.76% | 22.59% |
EBITDA | 35,682 | 18,421 | 8,348 | 5,824 | 4,263 | 3,852 | 4,204 | 3,488 | 2,654 | 2,074 | 787 | 2,373 | 286 | -297 | 1,702 | 3,298 | 4,860 | 4,253 | 4,345 | 4,574 |
EBITDA Margin | 86.07% | 77.20% | 61.19% | 51.47% | 45.83% | 47.83% | 48.27% | 45.01% | 38.97% | 35.61% | 16.65% | 59.18% | 7.62% | -8.04% | 41.66% | 49.65% | 56.24% | 54.62% | 56.52% | 55.28% |
D&A For EBITDA | 2,364 | 2,286 | 2,212 | 2,131 | 2,094 | 2,079 | 2,030 | 1,965 | 1,935 | 1,883 | 1,915 | 1,917 | 1,935 | 1,920 | 1,898 | 1,797 | 1,861 | 1,702 | 1,671 | 1,621 |
EBIT | 33,318 | 16,135 | 6,136 | 3,693 | 2,169 | 1,773 | 2,174 | 1,523 | 719 | 191 | -1,128 | 456 | -1,649 | -2,217 | -196 | 1,501 | 2,999 | 2,551 | 2,674 | 2,953 |
EBIT Margin | 80.37% | 67.62% | 44.98% | 32.64% | 23.32% | 22.02% | 24.96% | 19.65% | 10.56% | 3.28% | -23.87% | 11.37% | -43.95% | -60.03% | -4.80% | 22.60% | 34.70% | 32.76% | 34.79% | 35.69% |
Effective Tax Rate | 14.98% | 14.68% | 13.66% | 11.82% | 11.09% | 10.06% | 13.14% | 41.26% | 53.17% | - | - | - | - | - | - | 3.62% | 12.00% | 10.13% | 8.67% | 7.80% |