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Micron Technology MU

$1,068.24
−$3.64 (-0.34%)
Market open · Sep 24, 2:00 pm ET
After hours $1,072.44 +0.05%
Open$1,050.00
Prev close$1,071.88
Day range$1,044.00 – $1,076.49
Volume14.68M
Market cap$1.21T
P/E (TTM)24.1
Dividend yield0.05%

Fundamentals

Latest reported quarter: Q3, ended May 2026

Revenue$41.46B+345.7% YoY
Operating profit$33.32B+1,436.1% YoY
Net profit$28.24B+1,398.3% YoY
Diluted EPS$24.67+1,368.5% YoY
Free cash flow$17.56B+951.0% YoY
Operating cash flow$25.39B

Revenue, last 8 quarters

$7.8BAug '24$8.7BNov '24$8.1BFeb '25$9.3BMay '25$11.3BAug '25$13.6BNov '25$23.9BFeb '26$41.5BMay '26

Net profit, last 8 quarters

$887.0MAug '24$1.9BNov '24$1.6BFeb '25$1.9BMay '25$3.2BAug '25$5.2BNov '25$13.8BFeb '26$28.2BMay '26

Diluted EPS by quarter

0.79Aug '241.67Nov '241.41Feb '251.68May '252.83Aug '254.60Nov '2512.07Feb '2624.67May '26

Free cash flow by quarter

$285.0MAug '24$38.0MNov '24$-113.0MFeb '25$1.7BMay '25$72.0MAug '25$3.0BNov '25$5.5BFeb '26$17.6BMay '26

Annual revenue

$21.4BFY20$27.7BFY21$30.8BFY22$15.5BFY23$25.1BFY24$37.4BFY25

Profitability & balance sheet

Gross margin72.6%
Operating margin65.7%
Net margin55.9%
Return on equity66.6%
Return on assets47.5%
Return on invested capital57.6%
Current ratio3.42
Liabilities / assets24.9%
Cash & investments$26.02B
Total debt$5.79B
Net cash (debt)$20.23B
Free cash flow / sales29.0%

Where the revenue comes from

Quarter 2026/Q3

By business line

  • Cloud Memory Business Unit (CMBU)$13.77B 33.2%
  • Core Data Center Business Unit (CDBU)$11.52B 27.8%
  • Mobile and Client Business Unit (MCBU)$11.52B 27.8%
  • Automotive and Embedded Business Unit (AEBU)$4.63B 11.2%
  • All other$8.00M 0.0%

Income statement

Line item 2026 Q3 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4
Total Revenue as Reported $41.46B $23.86B $13.64B $37.38B $11.32B
Total Operating Revenue $41.46B $23.86B $13.64B $37.38B $11.32B
Cost of Revenue $6.40B $6.11B $6.00B $22.51B $6.26B
Gross Profit $35.06B $17.76B $7.65B $14.87B $5.05B
Operating Expense $1.74B $1.62B $1.51B $5.06B $1.36B
Selling and Admin Expenses $407.00M $344.00M $337.00M $1.21B $314.00M
Research & Development $1.32B $1.25B $1.17B $3.80B $1.05B
Other Operating Expenses $15.00M $26.00M $2.00M $61.00M $0.00
Operating Profit $33.32B $16.14B $6.14B $9.81B $3.69B
Net Non-Operating Interest Income (Expense) $215.00M $123.00M $65.00M $19.00M $22.00M
Non-Operating Interest Income $215.00M $155.00M $139.00M $496.00M $146.00M
Non-Operating Interest Expense $0.00 $32.00M $74.00M $477.00M $124.00M
Other Income (Expense) -$321.00M -$98.00M -$140.00M -$174.00M -$84.00M
Other Non-Operating Income (Expenses) -$321.00M -$98.00M -$140.00M -$4.00M $86.00M
Pretax Profit $33.21B $16.16B $6.06B $9.65B $3.63B
Tax $4.98B $2.37B $829.00M $1.12B $429.00M
Earnings from Equity Interest Net of Tax $9.00M -$4.00M $8.00M $9.00M -$1.00M
Net Profit $28.24B $13.79B $5.24B $8.54B $3.20B
Profit from Continuing Operations $28.24B $13.79B $5.24B $8.54B $3.20B
Net Income to Parent Company $28.24B $13.79B $5.24B $8.54B $3.20B
Net Income to Common Stockholders $28.24B $13.79B $5.24B $8.54B $3.20B
Basic EPS $25.03 $12.25 $4.66 $7.65 $2.86
Diluted EPS $24.67 $12.07 $4.60 $7.59 $2.83
Dividend Per Share $0.15 $0.12 $0.12 $0.46 $0.12
Gain on Sale of Security – – – -$72.00M –
Special Income (Charges) – – – -$98.00M –
-Less:Restructuring and Mergern & Acquisition – – – $30.00M –
-Less:Impairment of Capital Assets – – – $0.00 –
-Less:Other Special Charges – – – $59.00M –
-Less:Write Off – – – $9.00M –

Balance sheet

Line item 2026 Q3 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4
Total Assets $134.11B $101.51B $85.97B $82.80B $82.80B
Total Current Assets $66.74B $41.41B $29.67B $28.84B $28.84B
Cash and Cash Equivalents & Short-Term Investments $26.02B $14.59B $10.32B $10.31B $10.31B
-Cash and Cash Equivalents $25.00B $13.91B $9.73B $9.64B $9.64B
-Short Term Investments $1.03B $681.00M $587.00M $665.00M $665.00M
Receivables $31.03B $17.31B $10.18B $9.27B $9.27B
-Accounts Receivable $26.89B $15.39B $8.01B $7.16B $7.16B
-Taxes Receivable $517.00M $470.00M $441.00M $436.00M $436.00M
-Other Receivables $3.61B $1.46B $1.73B $1.67B $1.67B
Inventory $8.57B $8.27B $8.21B $8.36B $8.36B
Other Current Assets $1.12B $1.24B $958.00M $914.00M $914.00M
Total Non-Current Assets $67.38B $60.10B $56.31B $53.96B $53.96B
Net PPE $57.11B $52.09B $49.18B $47.33B $47.33B
-Gross PPE $125.67B $118.98B $114.19B $110.43B $110.43B
-Accumulated Depreciation -$68.57B -$66.89B -$65.01B -$63.11B -$63.11B
Investments and Advances $4.11B $2.04B $1.70B $1.63B $1.63B
-Available for Sale Securities $4.11B $2.04B $1.70B $1.63B $1.63B
Goodwill and Other Intangible Assets $1.62B $1.62B $1.62B $1.60B $1.60B
-Goodwill $1.15B $1.15B $1.15B $1.15B $1.15B
-Other Intangible Assets $473.00M $468.00M $465.00M $453.00M $453.00M
Non-Current Deferred Assets $700.00M $680.00M $641.00M $616.00M $616.00M
Other Non-Current Assets $3.84B $3.67B $3.18B $2.78B $2.78B
Total Liabilities $33.39B $29.05B $27.17B $28.63B $28.63B
Total Current Liabilities $19.49B $14.30B $12.06B $11.45B $11.45B
Payables $13.36B $9.63B $8.25B $8.15B $8.15B
-Accounts Payable $3.65B $3.39B $3.23B $3.13B $3.13B
-Total Tax Payable $2.80B $1.40B $723.00M $628.00M $628.00M
-Other Payable $6.91B $4.84B $4.30B $4.39B $4.39B
Current Accrued Expenses $2.16B $1.37B $1.55B $1.50B $1.50B
Short-Term Debt and Capital Lease Obligation $582.00M $585.00M $569.00M $560.00M $560.00M
-Current Capital Lease Obligation $582.00M $585.00M $569.00M $560.00M $560.00M
Other Current Liabilities $3.39B $2.71B $1.70B $1.25B $1.25B
Total Non-Current Liabilities $13.90B $14.75B $15.11B $17.18B $17.18B
Long Term Debt and Capital Lease Obligation $5.79B $10.21B $11.86B $14.72B $14.72B
-Long Term Debt $3.05B $7.34B $8.84B $11.53B $11.53B
-Long Term Capital Lease Obligation $2.74B $2.87B $3.01B $3.19B $3.19B
Non-Current Deferred Liabilities $1.02B $1.00B $1.15B $1.02B $1.02B
Other Non-Current Liabilities $7.09B $3.54B $2.10B $1.44B $1.44B
Total Equity $100.72B $72.46B $58.81B $54.17B $54.17B
Stockholders' Equity $100.72B $72.46B $58.81B $54.17B $54.17B
Capital Stock $128.00M $127.00M $127.00M $127.00M $127.00M
-Common Stock $128.00M $127.00M $127.00M $127.00M $127.00M
Additional Paid-In Capital $14.44B $14.09B $13.61B $13.34B $13.34B
Retained Earnings $94.68B $66.82B $53.34B $48.58B $48.58B
Less: Treasury Stock $8.50B $8.50B $8.15B $7.85B $7.85B
Gains/Losses Not Affecting Retained Earnings -$26.00M -$82.00M -$123.00M -$32.00M -$32.00M
Other Equity Interests $1.00M – – – –

Cash flow

Line item 2026 Q3 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4
Operating Cash Flow $25.39B $11.90B $8.41B $17.53B $5.73B
Net cash flow from continuing operations $25.39B $11.90B $8.41B $17.53B $5.73B
Net Income from Continuing Operations $28.24B $13.79B $5.24B $8.54B $3.20B
Depreciation & Depletion & Amortization $2.36B $2.29B $2.21B $8.35B $2.15B
Other Non-Cash Items $213.00M -$339.00M $238.00M $328.00M $437.00M
Change in Working Capital -$5.79B -$4.14B $431.00M -$666.00M -$307.00M
-Change in Receivables -$11.66B -$7.43B -$871.00M -$1.78B -$1.65B
-Change in Inventory -$300.00M -$62.00M $150.00M $520.00M $372.00M
-Change in Payables and Accrued Expense $2.40B $772.00M $156.00M $862.00M $824.00M
-Change in Other Current Liabilities $3.77B $2.58B $996.00M -$272.00M $150.00M
Net cash flow from investing -$9.57B -$5.53B -$4.59B -$14.09B -$5.20B
Net Cash Flow from Continuing Investing Activities -$9.57B -$5.53B -$4.59B -$14.09B -$5.20B
Capital Expenditure -$7.83B -$6.39B -$5.39B -$15.86B -$5.66B
Net Investment Purchase and Sale -$2.42B -$432.00M $13.00M -$192.00M -$238.00M
Net Other Investing Changes $677.00M $1.29B $782.00M $1.96B $698.00M
Financing Cash Flow -$4.73B -$2.17B -$3.75B -$850.00M -$1.06B
Net Cash Flow from Continuing Financing Activities -$4.73B -$2.17B -$3.75B -$850.00M -$1.06B
Net Issuance Payments Of Debt -$4.75B -$1.68B -$2.94B -$189.00M -$1.02B
Net Common Stock Issuance $0.00 -$350.00M -$300.00M $0.00 $0.00
Cash Dividends Paid -$171.00M -$132.00M -$134.00M -$522.00M -$130.00M
Proceeds from Stock Option Exercised -$217.00M -$178.00M -$367.00M – –
Net Other Financing Charges $408.00M $176.00M -$1.00M -$139.00M -$209.00M
Ending Cash Balance $25.02B $13.93B $9.73B $9.65B $9.65B
Net Change in Cash $11.09B $4.21B $72.00M $2.59B -$532.00M
Beginning Cash Balance $13.93B $9.73B $9.65B $7.05B $10.17B
Effect of Exchange Rate Changes $3.00M -$9.00M $14.00M $6.00M $9.00M
Free Cash Flow $17.56B $5.52B $3.02B $1.67B $72.00M
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