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Screener / SEC EDGAR /CIK 0000723125 /10-K filed Oct 9, 2026, compared with Oct 3, 2025 /Numbers from the XBRL of the 10-Ks
Technology peers:
ORCLMUAVGOACNDELLIBM
Nasdaq Technology · Semiconductors

Micron Technology MU

MU quote by TradingView

We are a global leader in semiconductor memory and storage, powering AI and compute-intensive applications from cloud to edge. 10-K, Item 1

Employees
61,000
Headquarters
Boise, ID
CEO
Sanjay Mehrotra
Next results
around Dec 16, 2026
Compare with peers Embed

Where each dollar of revenue went, FY2026

Revenue of $133.2B through the costs to a net profit of $85.0B · income statement of the 10-K

75% operating margin
Revenue to Gross profit: $107.5BRevenue to Cost of revenue: $25.7BGross profit to Operating profit: $99.3BGross profit to Operating expenses: $8.2BOperating profit to Net profit: $85.0BOperating profit to Tax & other: $14.4BOperating expenses to R&D: $5.7BOperating expenses to Sales, admin & other: $2.5B Revenue: $133.2B REVENUE $133.2B +256% Y/Y Gross profit: $107.5B · 81% margin GROSS PROFIT $107.5B 81% margin · +623% Y/Y Cost of revenue: $25.7B · 19% of revenue COST OF REVENUE $25.7B 19% of revenue Operating profit: $99.3B · 75% margin OPERATING PROFIT $99.3B 75% margin · +917% Y/Y Operating expenses: $8.2B · 6% of revenue OPERATING EXPENSES $8.2B 6% of revenue Net profit: $85.0B · 64% margin NET PROFIT $85.0B 64% margin · +895% Y/Y Tax & other: $14.4B · 11% of revenue TAX & OTHER $14.4B 11% of revenue R&D: $5.7B · 4% of revenue R&D $5.7B 4% of revenue Sales, admin & other: $2.5B · 2% of revenue SALES, ADMIN & OTHER $2.5B 2% of revenue
Gross profit $107.5B 81% margin · +623% Y/Y
Operating profit $99.3B 75% margin · +917% Y/Y
Net profit $85.0B 64% margin · +895% Y/Y
The full income statement, year by year

MU among Technology peers

Six ratios from the latest 10-K. Each corner is the share of 74 peers the company is above, not a score.

Compare
Revenue growth: 256.3%, above 100% of 74 peers (their median 14.0%) REVENUE GROWTH 256.3% · above 100% Gross margin: 80.7%, above 90% of 67 peers (their median 56.4%) GROSS MARGIN 80.7% · above 90% Operating margin: 74.6%, above 100% of 70 peers (their median 22.2%) OPERATING MARGIN 74.6% · above 100% Net margin: 63.8%, above 97% of 74 peers (their median 18.9%) NET MARGIN 63.8% · above 97% FCF margin: 44.3%, above 96% of 70 peers (their median 22.3%) FCF MARGIN 44.3% · above 96% Return on capital: 59.7%, above 93% of 61 peers (their median 12.6%) RETURN ON CAPITAL 59.7% · above 93%
MU Peer median Below the median

What changed

17 new risk paragraphs and 2 accounting facts worth reading about. 10-K filed Oct 9, 2026 against Oct 3, 2025.

Risk factors
17 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Receivables growing faster than revenue
Receivables +343.9% vs revenue +256.3% (+87.5 pts)
10-K · XBRL
Critical audit matters changed
New this year: Revenue Recognition (“As described in Note 1 to the consolidated financial statements, revenue is primarily recognized at a point in time when control of the promised goods is transferred to customers at an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods. Contracts”). No longer listed: Accounting for the U.S. CHIPS Act Funding Agreements
10-K · XBRL
Accounting checks
9 other checks clear, 2 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
1 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

2facts worth reading about the other 9 checks found nothing to note

  • Receivables growing faster than revenue
    Receivables +343.9% vs revenue +256.3% (+87.5 pts)
  • Critical audit matters changed
    New this year: Revenue Recognition (“As described in Note 1 to the consolidated financial statements, revenue is primarily recognized at a point in time when control of the promised goods is transferred to customers at an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods. Contracts”). No longer listed: Accounting for the U.S. CHIPS Act Funding Agreements
  • Cash from operations $89.7B vs net income $85.0B (FY ending Sep 3, 2026)
8 more checks with nothing to note
  • Inventory +24.1% vs revenue +256.3% (-232.2 pts)
  • Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

17 paragraphs in Risk Factors that were not in the 10-K filed Oct 3, 2025. Quoted as filed.

All 17 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Oct 3, 2025 10-K, ITEM 1A
    In 2026, over half of our total revenue came from our top ten customers. Among our end markets, approximately 60% of our total revenue was concentrated in the data center end market. A disruption in our relationship with any of our top customers or a significant decrease in demand for our data center products, including due to…
  2. Item 1A · new paragraph · not in the 10-K filed Oct 3, 2025 10-K, ITEM 1A
    We could experience fluctuations in our customer base or the mix of revenue by customer or end market, as markets and strategies evolve. Demand for our products may fluctuate due to factors beyond our control. Our inability to qualify our products to meet customer or end market requirements could adversely impact our revenue. A…
  3. Item 1A · new paragraph · not in the 10-K filed Oct 3, 2025 10-K, ITEM 1A
    Additionally, AI algorithms or training methodologies may be flawed, and datasets may contain irrelevant, insufficient, or biased information, which can cause errors in outputs. Failures to develop, deploy, or use AI technologies in a safe, responsible, and effective manner, whether by us, our customers, suppliers, partners, or…
  4. Item 1A · new paragraph · not in the 10-K filed Oct 3, 2025 10-K, ITEM 1A
    We rely on a large, skilled workforce to operate our semiconductor manufacturing facilities worldwide. A substantial portion of our global production capacity is concentrated in several of our manufacturing facilities, and our wafer fabrication output depends on their continued, uninterrupted operation. Certain of our employees have…

New risk paragraphs, against peers

Latest 10-K of each, Technology companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2023FY2024FY2025FY2026
Revenue$15.5B$25.1B$37.4B$133.2B
Net income−$5.8B$778.0M$8.5B$85.0B
Operating cash flow$1.6B$8.5B$17.5B$89.7B
Free cash flow−$6.1B$121.0M$1.7B$59.0B

Revenue, FY2017 to FY2026

Ten fiscal years, each from its own 10-K · XBRL · USD

$133.2B ▲ 256.3% in FY2026

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Every number, year by year

Recent filings

1 filing in the last 30 days · SEC EDGAR

All filings

About the company

Micron Technology, Boise, ID · from the 10-K filed Oct 9, 2026

We are a global leader in semiconductor memory and storage, powering AI and compute-intensive applications from cloud to edge. With a relentless focus on our customers, technology and product leadership, and manufacturing and operational excellence, our comprehensive portfolio of high-performance DRAM, NAND, and NOR solutions deliver the speed, efficiency, and scale today’s workloads demand, accelerating intelligence to enrich life for all.

Headquarters
Boise, ID
Country
United States
Reports in
USD
Listed on
Nasdaq
Fiscal year ends
September 2
Last results
Sep 30, 2026
Incorporated in
DE

Employees, at the top of the page: "As of September 3, 2026, we had approximately 61,000 employees located primarily in Asia, North America, and Europe" (10-K). Address and exchange: SEC's company file.

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Sources

The 10-K filed Oct 9, 2026 (open at SEC), compared with the 10-K filed Oct 3, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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