MUMicron Technology
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
The biggest changes in the 10-K filed 2026-10-09, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.
Net income
+895.1% Big change FY to 2026-09-03 vs 2025-08-28The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.
Operating margin
26.1% → 74.6% (+48.4 pts) Big change FY to 2026-09-03 vs 2025-08-28“Operating income was higher for each business unit in 2026 as compared to 2025 primarily due to increases in average selling prices.”
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“CMBU operating income increased primarily due to higher bit shipments and increases in average selling prices driven by robust AI demand in cloud server markets, particularly for HBM, DIMMs, and low-power server DRAM products.”
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Cash from operations
+411.7% Big change FY to 2026-09-03 vs 2025-08-28“The increase in cash provided by operating activities for 2026 as compared to 2025 was primarily due to higher net income in 2026, adjusted for non-cash items, an increase in accounts payable and accrued expenses mostly related to income and other taxes and salaries, wages, and benefits, an increase in other current liabilities resulting mainly from higher consideration payable to customers for pricing adjustments, and an increase in noncurrent liabilities largely due to higher noncurrent income taxes payable related to the implementation of Pillar Two.”
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Gross margin
39.8% → 80.7% (+40.9 pts) Big change FY to 2026-09-03 vs 2025-08-28“Our consolidated gross margin percentage improved to 81% for 2026 from 40% for 2025 as a result of improvements in margins for both DRAM and NAND products.”
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Revenue
+256.3% Big change FY to 2026-09-03 vs 2025-08-28“Total revenue for 2026 increased 256% as compared to 2025 primarily due to increases in sales of both DRAM and NAND products.”
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“Sales of DRAM products increased 252% primarily due to an approximate 180% increase in average selling prices and a mid-20% range increase in bit shipments.”
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Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗
Work on MU in a spreadsheet:
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