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MUMicron Technology

Technology · Semiconductors · Nasdaq
MU quote by TradingView
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FY2026 at a glance

Sales up 256.3%, free cash flow up to $59.0B

XBRL, from each 10-K
RevenueStatements ↓
$133.2B
from $37.4B in FY2025
FY2017FY2026
Net incomeStatements ↓
$85.0B
from $8.5B in FY2025
FY2017FY2026
Free cash flowStatements ↓
$59.0B
from $1.7B in FY2025
FY2017FY2026
EPS (diluted)Statements ↓
$74.33
from $7.59 in FY2025
FY2017FY2026
Operating marginStatements ↓
74.6%
from 26.1% in FY2025
FY2017FY2026
Total debtStatements ↓
$3.3B
from $12.1B in FY2025
FY2017FY2026
Price and key numbers

The latest figures

All key numbers (41, from the latest 10-K and 10-Q) From EDGAR
EPS (ttm)74.33Sales (ttm)133.2BNet income (ttm)85.0BSales growth+256%EPS growth+879%Sales Q/Q-
Free cash flow59.0BGross margin80.7%Oper. margin74.6%Net margin63.8%FCF margin44.3%ROE61.4%
ROA43.4%R&D / sales4.2%Dividend0.53Debt/Eq0.02Curr. ratio3.31Cash38.4B
Op. cash flow (ttm)89.7BEBITDA108.8BEBITDA margin81.7%Net debt-35.1BQuick ratio2.94Interest cover937.17
ROIC59.7%Payout ratio0.7%Tax rate14.8%Stock pay / sales1.0%Shares out.1.1BShares Y/Y+1.6%
Book / share122.30Cash / share33.91Sales / share117.72Asset turnover0.68Inventory turns2.48Days sales out.87
Sales 3Y CAGR+104%Sales 5Y CAGR+36.9%EPS 5Y CAGR+70.6%Employees61,000Sales / employee2.2M

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

Changes in the numbers

FY2026 against FY2025
  • Debt fell 73%$12.1B → $3.3B · Short-term + long-term debt at year end
  • Free cash flow rose from $1.7B to $59.0B$1.7B → $59.0B · Cash from operations − capital expenditure · 10-K ↗
  • Revenue growth sped up to +256.3%+48.9% → +256.3% · Revenue FY2026 / revenue FY2025 − 1, against the same a year earlier · 10-K ↗
  • Operating margin widened to 74.6%26.1% → 74.6% · Operating income / revenue · 10-K ↗
What management wrote about it → · Every company →

MU against Technology peers

Ten years, side by side → · All 75 →
GrowthProfitBalanceCleanInsiders
MUPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 75 companies, the better end on the right. Hover a dot for the company.

Sales growth
+256%1st of 75 · median +14.1%
Net margin
63.8%3rd of 75 · median 19.1%
Return on equity
61.4%12th of 69 · median 23.9%
Free cash flow margin
44.3%4th of 71 · median 22.3%
Debt / equity (less is better)
0.024th of 61 · median 0.46
MU and the 5 peers closest in revenue
CompanyRevenue (ttm)Sales growthGross marginNet marginROEFCF marginDebt / equity
MU Micron Technology$133.2B +256%80.7%63.8%61.4%44.3%0.02
DELL Dell Technologies$151.2B +18.8%19.8%7.5%-5.7%-
AVGO Broadcom$89.1B +23.9%68.8%42.9%38.4%44.2%0.60
ACN Accenture$74.2B +6.5%32.0%11.3%26.5%15.7%0.32
ORCL Oracle Corporation$71.8B +17.3%-26.4%28.3%-40.0%1.88
IBM IBM$69.9B +7.6%58.0%16.0%31.4%21.0%1.99
Where each dollar goes

From $30.8B of sales to $8.7B of profit

FY2022, from the 10-K income statement
Revenue to Gross profit: $13.9BRevenue to Cost of revenue: $16.9BGross profit to Operating profit: $9.7BGross profit to Operating expenses: $4.2BOperating profit to Net profit: $8.7BOperating profit to Tax & other: $1.0BOperating expenses to R&D: $3.1BOperating expenses to SG&A: $1.1B Revenue: $30.8B Revenue$30.8B +11% Y/Y Gross profit: $13.9B · 45% margin Gross profit$13.9B45% margin +33% Y/Y Cost of revenue: $16.9B · 55% of revenue Cost of revenue$16.9B55% of revenue Operating profit: $9.7B · 32% margin Operating profit$9.7B32% margin +54% Y/Y Operating expenses: $4.2B · 14% of revenue Operating expenses$4.2B14% of revenue Net profit: $8.7B · 28% margin Net profit$8.7B28% margin +48% Y/Y Tax & other: $1.0B · 3% of revenue Tax & other$1.0B3% of revenue R&D: $3.1B · 10% of revenue R&D$3.1B10% of revenue SG&A: $1.1B · 4% of revenue SG&A$1.1B4% of revenue

Swipe sideways for the whole flow →

From $25.1B of sales to $778.0M of profit

FY2024, from the 10-K income statement and revenue by product
DRAM to Revenue: $17.6BNAND to Revenue: $7.2BOther (primarily NOR) to Revenue: $281.0MRevenue to Gross profit: $5.6BRevenue to Cost of revenue: $19.5BGross profit to Operating profit: $1.3BGross profit to Operating expenses: $4.3BOperating profit to Net profit: $778.0MOperating profit to Tax & other: $526.0MOperating expenses to R&D: $3.4BOperating expenses to Sales, admin & other: $879.0M DRAM: $17.6B · 70% DRAM$17.6B70% NAND: $7.2B · 29% NAND$7.2B29% Other (primarily NOR): $281.0M · 1% Other (primarily NOR)$281.0M1% Revenue: $25.1B Revenue$25.1B +62% Y/Y Gross profit: $5.6B · 22% margin Gross profit$5.6B22% margin Cost of revenue: $19.5B · 78% of revenue Cost of revenue$19.5B78% of revenue Operating profit: $1.3B · 5% margin Operating profit$1.3B5% margin Operating expenses: $4.3B · 17% of revenue Operating expenses$4.3B17% of revenue Net profit: $778.0M · 3% margin Net profit$778.0M3% margin Tax & other: $526.0M · 2% of revenue Tax & other$526.0M2% of revenue R&D: $3.4B · 14% of revenue R&D$3.4B14% of revenue Sales, admin & other: $879.0M · 4% of revenue Sales, admin & other$879.0M4% of revenue

Swipe sideways for the whole flow →

From $37.4B of sales to $8.5B of profit

FY2025, from the 10-K income statement and revenue by product
DRAM to Revenue: $28.6BNAND to Revenue: $8.5BOther (primarily NOR) to Revenue: $297.0MRevenue to Gross profit: $14.9BRevenue to Cost of revenue: $22.5BGross profit to Operating profit: $9.8BGross profit to Operating expenses: $5.1BOperating profit to Net profit: $8.5BOperating profit to Tax & other: $1.2BOperating expenses to R&D: $3.8BOperating expenses to Sales, admin & other: $1.3B DRAM: $28.6B · 76% DRAM$28.6B76% NAND: $8.5B · 23% NAND$8.5B23% Other (primarily NOR): $297.0M · 1% Other (primarily NOR)$297.0M1% Revenue: $37.4B Revenue$37.4B +49% Y/Y Gross profit: $14.9B · 40% margin Gross profit$14.9B40% margin +165% Y/Y Cost of revenue: $22.5B · 60% of revenue Cost of revenue$22.5B60% of revenue Operating profit: $9.8B · 26% margin Operating profit$9.8B26% margin +649% Y/Y Operating expenses: $5.1B · 14% of revenue Operating expenses$5.1B14% of revenue Net profit: $8.5B · 23% margin Net profit$8.5B23% margin +998% Y/Y Tax & other: $1.2B · 3% of revenue Tax & other$1.2B3% of revenue R&D: $3.8B · 10% of revenue R&D$3.8B10% of revenue Sales, admin & other: $1.3B · 3% of revenue Sales, admin & other$1.3B3% of revenue

Swipe sideways for the whole flow →

From $133.2B of sales to $85.0B of profit

FY2026, from the 10-K income statement and revenue by product
DRAM to Revenue: $100.7BNAND to Revenue: $31.8BOther (primarily NOR) to Revenue: $724.0MRevenue 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 DRAM: $100.7B · 76% DRAM$100.7B76% NAND: $31.8B · 24% NAND$31.8B24% Other (primarily NOR): $724.0M · 1% Other (primarily NOR)$724.0M1% Revenue: $133.2B Revenue$133.2B +256% Y/Y Gross profit: $107.5B · 81% margin Gross profit$107.5B81% margin +623% Y/Y Cost of revenue: $25.7B · 19% of revenue Cost of revenue$25.7B19% of revenue Operating profit: $99.3B · 75% margin Operating profit$99.3B75% margin +917% Y/Y Operating expenses: $8.2B · 6% of revenue Operating expenses$8.2B6% of revenue Net profit: $85.0B · 64% margin Net profit$85.0B64% margin +895% Y/Y Tax & other: $14.4B · 11% of revenue Tax & other$14.4B11% of revenue R&D: $5.7B · 4% of revenue R&D$5.7B4% of revenue Sales, admin & other: $2.5B · 2% of revenue Sales, admin & other$2.5B2% of revenue

Swipe sideways for the whole flow →

Where each $100 of sales went

FY2022
FY2024
FY2025
FY2026
  • Cost of revenue
  • R&D
  • Sales, admin & other
  • Tax, less other income
  • Net profit

Band widths are the money. Gross profit is revenue less cost of revenue; operating expenses are gross profit less operating profit; R&D is from the income statement and the rest of the operating expenses is everything else; tax includes interest and other items when they are small. Y/Y is the change from the fiscal year before. Revenue by part only for the years in the last two 10-Ks' segment tables. The full income statement →

Profitability

3 of 4
  • ✓
    Net margin above the peer median63.8% vs 19.1%
  • ✓
    Gross margin up over 5 years37.6% → 80.7%
  • ✓
    Return on equity above 15%61.4%
  • !
    A profit in 9 of 10 years
Net margin, FY2017 to FY2026: 25.0% → 63.8%

Balance sheet

4 of 4
  • ✓
    Interest covered more than 5 timesOperating income is over 100× interest expense
  • ✓
    Debt smaller than equityDebt / equity 0.02 on the latest balance sheet (peer median 0.46)
  • ✓
    Current assets cover current liabilitiesCurrent ratio 3.31
  • ✓
    More cash than debtNet cash $40.2B
Debt / equity at each year end, FY2017 to FY2026: 0.60 → 0.02
What the debt is made of ↓

Cash and shareholders

2 of 4
  • !
    Free cash flow positive in 9 of 10 years$59.0B last year
  • !
    Share count up over 5 years+0.2%
  • ✓
    Dividend per share up over 5 years$0.10 → $0.53
  • ✓
    Cash from operations above net income$89.7B vs $85.0B
Free cash flow, FY2017 to FY2026: 3.4B → 59.0B

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

Debt

$2.8B of principal due, schedule of Sep 3, 2026

Repayment schedule →

From the balance sheet in the latest 10-K or 10-Q (XBRL). When each part falls due, year by year, and the debt note's own lines are on the Debt tab.

Revenue and net income, FY2017 to FY2026

Revenue 133.2B Net income 85.0B
FY2017 revenue 20.3B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000723125-19-000094 FY2017 net income 5.1B · NetIncomeLoss, 0000723125-19-000094 20.3B FY2017 FY2018 revenue 30.4B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000723125-20-000082 FY2018 net income 14.1B · NetIncomeLoss, 0000723125-20-000082 30.4B FY2018 FY2019 revenue 23.4B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000723125-21-000065 FY2019 net income 6.3B · NetIncomeLoss, 0000723125-21-000065 23.4B FY2019 FY2020 revenue 21.4B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000723125-22-000048 FY2020 net income 2.7B · NetIncomeLoss, 0000723125-22-000048 21.4B FY2020 FY2021 revenue 27.7B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000723125-23-000054 FY2021 net income 5.9B · NetIncomeLoss, 0000723125-23-000054 27.7B FY2021 FY2022 revenue 30.8B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000723125-24-000027 FY2022 net income 8.7B · NetIncomeLoss, 0000723125-24-000027 30.8B FY2022 FY2023 revenue 15.5B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000723125-25-000028 FY2023 net income -5.8B · NetIncomeLoss, 0000723125-25-000028 15.5B FY2023 FY2024 revenue 25.1B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000723125-26-000023 FY2024 net income 778.0M · NetIncomeLoss, 0000723125-26-000023 25.1B FY2024 FY2025 revenue 37.4B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000723125-26-000023 FY2025 net income 8.5B · NetIncomeLoss, 0000723125-26-000023 37.4B FY2025 FY2026 revenue 133.2B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000723125-26-000023 FY2026 net income 85.0B · NetIncomeLoss, 0000723125-26-000023 133.2B FY2026

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

Statements

Income statement, balance sheet and cash flow

XBRL, each 10-K and 10-Q

MU's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Annual Quarterly
Revenue133.2B
FY2017: 20.3BFY2018: 30.4BFY2019: 23.4BFY2020: 21.4BFY2021: 27.7BFY2022: 30.8BFY2023: 15.5BFY2024: 25.1BFY2025: 37.4BFY2026: 133.2B FY2018FY2020FY2022FY2024FY2026
Net income85.0B
FY2017: 5.1BFY2018: 14.1BFY2019: 6.3BFY2020: 2.7BFY2021: 5.9BFY2022: 8.7BFY2023: -5.8BFY2024: 778.0MFY2025: 8.5BFY2026: 85.0B FY2018FY2020FY2022FY2024FY2026
Free cash flow59.0B
FY2017: 3.4BFY2018: 8.5BFY2019: 3.4BFY2020: 83.0MFY2021: 2.4BFY2022: 3.1BFY2023: -6.1BFY2024: 121.0MFY2025: 1.7BFY2026: 59.0B FY2018FY2020FY2022FY2024FY2026
EPS (diluted)74.33
FY2017: 4.41FY2018: 11.51FY2019: 5.51FY2020: 2.37FY2021: 5.14FY2022: 7.75FY2023: -5.34FY2024: 0.70FY2025: 7.59FY2026: 74.33 FY2018FY2020FY2022FY2024FY2026
Dividend per share0.53
FY2017: -FY2018: -FY2019: -FY2020: -FY2021: 0.10FY2022: 0.32FY2023: 0.46FY2024: 0.46FY2025: 0.46FY2026: 0.53 FY2018FY2020FY2022FY2024FY2026
Diluted shares1.1B
FY2017: 1.2BFY2018: 1.2BFY2019: 1.1BFY2020: 1.1BFY2021: 1.1BFY2022: 1.1BFY2023: 1.1BFY2024: 1.1BFY2025: 1.1BFY2026: 1.1B FY2018FY2020FY2022FY2024FY2026

Revenue by business segment

year to Sep 3, 2026
RevenueSharevs year before
CMBU 43.1B32.3% +219%
CDBU 37.6B28.2% +420%
MCBU 36.6B27.5% +209%
AEBU 15.9B11.9% +234%
All Other Segments 24.0M0.0% +84.6%

10-K 0000723125-26-000023, segment and revenue notes (XBRL).

Revenue by product or service

year to Sep 3, 2026
RevenueSharevs year before
DRAM 100.7B75.6% +252%
NAND 31.8B23.9% +274%
Other (primarily NOR) 724.0M0.5% +144%

10-K 0000723125-26-000023, segment and revenue notes (XBRL).

Revenue by region

year to Sep 3, 2026
RevenueSharevs year before
U.S. federal 91.3B68.6% +279%
Taiwan 16.9B12.7% +199%
China 8.3B6.3% +216%
Hong Kong 6.3B4.7% +453%
Other Asia Pacific 5.8B4.3% +202%
Japan 2.1B1.6% +131%
Europe 1.7B1.3% +175%
Other 729.0M0.5% +90.3%

10-K 0000723125-26-000023, segment and revenue notes (XBRL).

Income statement

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue20.3B30.4B23.4B21.4B27.7B30.8B15.5B25.1B37.4B133.2B
Cost of revenue11.9B12.5B12.7B14.9B17.3B16.9B17.0B19.5B22.5B25.7B
Gross profit8.4B17.9B10.7B6.6B10.4B13.9B-1.4B5.6B14.9B107.5B
R&D1.8B2.1B2.4B2.6B2.7B3.1B3.1B3.4B3.8B5.7B
SG&A743.0M813.0M836.0M881.0M894.0M1.1B920.0M1.1B1.2B1.9B
Operating income5.9B15.0B7.4B3.0B6.3B9.7B-5.7B1.3B9.8B99.3B
Interest expense601.0M342.0M128.0M194.0M183.0M189.0M388.0M562.0M477.0M106.0M
Pretax income5.2B14.3B7.0B3.0B6.2B9.6B-5.7B1.2B9.7B99.7B
Income tax114.0M168.0M693.0M280.0M394.0M888.0M177.0M451.0M1.1B14.8B
Net income5.1B14.1B6.3B2.7B5.9B8.7B-5.8B778.0M8.5B85.0B
EPS (diluted)4.4111.515.512.375.147.75-5.340.707.5974.33
Diluted shares1.2B1.2B1.1B1.1B1.1B1.1B1.1B1.1B1.1B1.1B
Depreciation & amortization3.9B4.8B5.4B5.7B6.2B7.1B7.8B7.8B8.4B9.5B
EBITDA9.7B19.8B12.8B8.7B12.5B16.8B2.0B9.1B18.1B108.8B
Gross margin41.5%58.9%45.7%30.6%37.6%45.2%-9.1%22.4%39.8%80.7%
Operating margin28.9%49.3%31.5%14.0%22.7%31.5%-37.0%5.2%26.1%74.6%
Net margin25.0%46.5%27.0%12.5%21.2%28.2%-37.5%3.1%22.8%63.8%
Revenue growth-+49.5%-23.0%-8.4%+29.3%+11.0%-49.5%+61.6%+48.9%+256%
EPS growth-+161%-52.1%-57.0%+117%+50.8%-169%-+984%+879%

Balance sheet

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash5.1B6.5B7.2B7.6B7.8B8.3B8.6B7.0B9.6B38.4B
Short-term investments-296.0M803.0M518.0M870.0M1.1B1.0B1.1B665.0M5.1B
Receivables3.5B5.1B2.8B3.5B4.9B4.8B2.0B5.4B7.2B31.8B
Inventory3.1B3.6B5.1B5.4B4.5B6.7B8.4B8.9B8.4B10.4B
Current assets12.5B16.0B16.5B18.0B19.9B21.8B21.2B24.4B28.8B91.1B
Property & equipment19.4B23.7B28.2B-------
Goodwill1.2B1.2B1.2B1.2B1.2B1.2B1.1B1.1B1.1B1.1B
Total assets35.3B43.4B48.9B53.7B58.8B66.3B64.3B69.4B82.8B195.9B
Current liabilities5.3B5.8B6.4B6.6B6.4B7.5B4.8B9.2B11.5B27.5B
Total debt11.1B4.6B5.9B6.4B6.1B6.1B12.3B11.8B12.1B3.3B
Total liabilities15.8B10.1B12.0B14.7B14.9B16.4B20.1B24.3B28.6B57.5B
Shareholders' equity18.6B32.3B35.9B39.0B43.9B49.9B44.1B45.1B54.2B138.4B
Retained earnings10.3B24.4B30.8B33.4B39.1B47.3B40.8B40.9B48.6B131.9B

Cash flow

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow8.2B17.4B13.2B8.3B12.5B15.2B1.6B8.5B17.5B89.7B
Capital spending4.7B8.9B9.8B8.2B10.0B12.1B7.7B8.4B15.9B30.7B
Free cash flow3.4B8.5B3.4B83.0M2.4B3.1B-6.1B121.0M1.7B59.0B
Stock-based pay (added back)215.0M198.0M243.0M328.0M378.0M514.0M596.0M833.0M972.0M1.3B
Dividends paid---00461.0M504.0M513.0M522.0M610.0M
Buybacks36.0M71.0M2.7B176.0M1.2B2.4B425.0M300.0M0650.0M
Acquisitions2.6B00-------
Debt raised3.3B1.0B3.5B5.0B1.2B2.0B6.7B999.0M4.4B0
Debt repaid-9.4B2.4B3.9B-----9.3B
Investing cash flow-7.5B-8.2B-10.1B-7.6B-10.6B-11.6B-6.2B-8.3B-14.1B-61.6B
Financing cash flow349.0M-7.8B-2.4B-317.0M-1.8B-3.0B5.0B-1.8B-850.0M630.0M
Dividend per share----0.100.320.460.460.460.53

Stock-based pay and leases

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Stock-based pay (expense)215.0M198.0M243.0M328.0M378.0M514.0M596.0M833.0M972.0M1.3B
Stock-based pay / revenue1.1%0.7%1.0%1.5%1.4%1.7%3.8%3.3%2.6%1.0%
Operating lease cost---102.0M108.0M125.0M137.0M140.0M153.0M-
Operating lease cash paid----106.0M110.0M139.0M132.0M149.0M-
Finance lease principal paid---248.0M85.0M103.0M109.0M155.0M323.0M-
Right-of-use assets--0584.0M551.0M678.0M666.0M645.0M736.0M-
Operating lease liabilities--567.0M587.0M559.0M670.0M669.0M681.0M775.0M-
Finance lease liabilities--591.0M486.0M804.0M886.0M1.3B2.1B3.0B2.4B

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

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