Micron Technology Inc Financials
This page shows Micron Technology Inc (MU) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Micron Technology Inc has an operating margin of 26.1%, meaning the company retains $26 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 5.2% the prior year.
Micron Technology Inc's revenue surged 48.9% year-over-year to $37.4B, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Micron Technology Inc carries a low D/E ratio of 0.21, meaning only $0.21 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.52, Micron Technology Inc holds $2.52 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 81/100.
Micron Technology Inc's free cash flow margin of 4.5% results in a low score of 22/100. Capital expenditures of $15.9B absorb a large share of operating cash flow.
Micron Technology Inc's ROE of 15.8% shows moderate profitability relative to equity, earning a score of 63/100. This is up from 1.7% the prior year.
Micron Technology Inc scores 11.84, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($473.8B) relative to total liabilities ($28.6B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Micron Technology Inc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Micron Technology Inc generates $2.05 in operating cash flow ($17.5B OCF vs $8.5B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Micron Technology Inc earns $20.5 in operating income for every $1 of interest expense ($9.8B vs $477.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Micron Technology Inc generated $37.4B in revenue in fiscal year 2025. This represents an increase of 48.9% from the prior year.
Micron Technology Inc's EBITDA was $18.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 99.5% from the prior year.
Micron Technology Inc generated $1.7B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 1278.5% from the prior year.
Micron Technology Inc reported $8.5B in net income in fiscal year 2025. This represents an increase of 997.6% from the prior year.
Micron Technology Inc earned $7.59 per diluted share (EPS) in fiscal year 2025. This represents an increase of 984.3% from the prior year.
Micron Technology Inc held $9.6B in cash against $11.5B in long-term debt as of fiscal year 2025.
Micron Technology Inc paid $0.46 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Micron Technology Inc had 1.12B shares outstanding in fiscal year 2025. This represents an increase of 1.2% from the prior year.
Micron Technology Inc's gross margin was 39.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 17.4 percentage points from the prior year.
Micron Technology Inc's operating margin was 26.1% in fiscal year 2025, reflecting core business profitability. This is up 21.0 percentage points from the prior year.
Micron Technology Inc's net profit margin was 22.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 19.7 percentage points from the prior year.
Micron Technology Inc's ROE was 15.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 14.0 percentage points from the prior year.
Micron Technology Inc invested $3.8B in research and development in fiscal year 2025. This represents an increase of 10.7% from the prior year.
Micron Technology Inc spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
Micron Technology Inc invested $15.9B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 89.1% from the prior year.
MU Income Statement
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $13.6B+46.7% | $9.3B+15.5% | $8.1B-7.5% | $8.7B+27.9% | $6.8B+16.9% | $5.8B+23.2% | $4.7B+26.0% | $3.8B |
| Cost of Revenue | $6.0B+3.5% | $5.8B+13.8% | $5.1B-5.1% | $5.4B+7.7% | $5.0B+4.9% | $4.7B-0.3% | $4.8B+7.7% | $4.4B |
| Gross Profit | $7.6B+118.0% | $3.5B+18.4% | $3.0B-11.5% | $3.3B+82.8% | $1.8B+69.8% | $1.1B+3182.9% | -$35.0M+94.8% | -$668.0M |
| R&D Expenses | $1.2B+21.3% | $965.0M+7.5% | $898.0M+1.1% | $888.0M+4.5% | $850.0M+2.2% | $832.0M-1.5% | $845.0M+11.5% | $758.0M |
| SG&A Expenses | $337.0M+6.0% | $318.0M+11.6% | $285.0M-1.0% | $288.0M-1.0% | $291.0M+3.9% | $280.0M+6.5% | $263.0M+20.1% | $219.0M |
| Operating Income | $6.1B+182.9% | $2.2B+22.3% | $1.8B-18.4% | $2.2B+202.4% | $719.0M+276.4% | $191.0M+116.9% | -$1.1B+35.9% | -$1.8B |
| Interest Expense | $74.0M-39.8% | $123.0M+9.8% | $112.0M-5.1% | $118.0M-21.3% | $150.0M+4.2% | $144.0M+9.1% | $132.0M+10.9% | $119.0M |
| Income Tax | $829.0M+252.8% | $235.0M+32.8% | $177.0M-37.5% | $283.0M-24.9% | $377.0M+160.6% | -$622.0M-952.1% | $73.0M-47.5% | $139.0M |
| Net Income | $5.2B+178.0% | $1.9B+19.1% | $1.6B-15.3% | $1.9B+463.3% | $332.0M-58.1% | $793.0M+164.3% | -$1.2B+34.9% | -$1.9B |
| EPS (Diluted) | $4.60+173.8% | $1.68+19.1% | $1.41-15.6% | $1.67+456.7% | $0.30-57.7% | $0.71+163.4% | $-1.12+35.3% | $-1.73 |
MU Balance Sheet
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $86.0B+9.7% | $78.4B+7.3% | $73.1B+2.2% | $71.5B+2.9% | $69.4B+5.6% | $65.7B+3.0% | $63.8B-0.7% | $64.3B |
| Current Assets | $29.7B+6.3% | $27.9B+13.1% | $24.7B+0.8% | $24.5B+0.5% | $24.4B+4.0% | $23.4B+11.3% | $21.1B-0.9% | $21.2B |
| Cash & Equivalents | $9.7B-4.3% | $10.2B+34.6% | $7.6B+12.8% | $6.7B-4.9% | $7.0B-12.2% | $8.0B-0.7% | $8.1B-5.9% | $8.6B |
| Inventory | $8.2B-6.0% | $8.7B-3.1% | $9.0B+3.5% | $8.7B-1.9% | $8.9B+5.1% | $8.4B+2.0% | $8.3B-1.3% | $8.4B |
| Accounts Receivable | $8.0B+45.8% | $5.5B+7.9% | $5.1B-18.5% | $6.3B+15.3% | $5.4B+48.5% | $3.6B+47.2% | $2.5B+21.0% | $2.0B |
| Goodwill | $1.1B0.0% | $1.1B0.0% | $1.1B0.0% | $1.1B0.0% | $1.1B0.0% | $1.1B0.0% | $1.1B0.0% | $1.1B |
| Total Liabilities | $27.2B-1.8% | $27.6B+13.2% | $24.4B-1.0% | $24.7B+1.6% | $24.3B+11.2% | $21.8B+4.6% | $20.9B+3.8% | $20.1B |
| Current Liabilities | $12.1B+19.0% | $10.1B+28.7% | $7.9B-12.6% | $9.0B-2.5% | $9.2B+47.8% | $6.3B+5.0% | $6.0B+25.1% | $4.8B |
| Long-Term Debt | $8.8B-28.9% | $12.4B+7.7% | $11.5B+2.1% | $11.3B-0.3% | $11.3B-5.6% | $12.0B0.0% | $12.0B-0.2% | $12.0B |
| Total Equity | $58.8B+15.9% | $50.7B+4.3% | $48.6B+3.9% | $46.8B+3.7% | $45.1B+2.9% | $43.9B+2.3% | $42.9B-2.8% | $44.1B |
| Retained Earnings | $53.3B+17.1% | $45.6B+3.9% | $43.8B+3.3% | $42.4B+3.8% | $40.9B+2.2% | $40.0B+1.6% | $39.4B-3.6% | $40.8B |
MU Cash Flow Statement
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $8.4B+82.5% | $4.6B+16.9% | $3.9B+21.5% | $3.2B-4.7% | $3.4B+179.3% | $1.2B-13.0% | $1.4B+462.7% | $249.0M |
| Capital Expenditures | $5.4B+83.4% | $2.9B-27.5% | $4.1B+26.5% | $3.2B+2.8% | $3.1B+125.4% | $1.4B-22.9% | $1.8B+22.9% | $1.5B |
| Free Cash Flow | $3.0B+80.8% | $1.7B+1578.8% | -$113.0M-397.4% | $38.0M-86.7% | $285.0M+272.7% | -$165.0M+58.2% | -$395.0M+67.4% | -$1.2B |
| Investing Cash Flow | -$4.6B-77.4% | -$2.6B+17.9% | -$3.2B-0.1% | -$3.1B+12.5% | -$3.6B-212.6% | -$1.2B+26.1% | -$1.6B-87.7% | -$830.0M |
| Financing Cash Flow | -$3.7B-793.5% | $540.0M+462.5% | $96.0M+122.7% | -$422.0M+11.0% | -$474.0M-347.2% | -$106.0M+69.9% | -$352.0M-214.3% | -$112.0M |
| Dividends Paid | $134.0M+2.3% | $131.0M+0.8% | $130.0M-0.8% | $131.0M+1.6% | $129.0M+1.6% | $127.0M-1.6% | $129.0M+2.4% | $126.0M |
| Share Buybacks | $300.0M | N/A | N/A | $0-100.0% | $300.0M | $0 | $0 | $0 |
MU Financial Ratios
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 56.0%+18.3pp | 37.7%+0.9pp | 36.8%-1.7pp | 38.4%+11.5pp | 26.9%+8.4pp | 18.5%+19.3pp | -0.7%+17.1pp | -17.8% |
| Operating Margin | 45.0%+21.7pp | 23.3%+1.3pp | 22.0%-2.9pp | 25.0%+14.4pp | 10.6%+7.3pp | 3.3%+27.2pp | -23.9%+23.1pp | -46.9% |
| Net Margin | 38.4%+18.1pp | 20.3%+0.6pp | 19.7%-1.8pp | 21.5%+16.6pp | 4.9%-8.8pp | 13.6%+39.7pp | -26.1%+24.4pp | -50.5% |
| Return on Equity | 8.9%+5.2pp | 3.7%+0.5pp | 3.3%-0.8pp | 4.0%+3.3pp | 0.8%-1.1pp | 1.8% | N/A | N/A |
| Return on Assets | 6.1%+3.7pp | 2.4%+0.2pp | 2.2%-0.5pp | 2.6%+2.1pp | 0.5%-0.7pp | 1.2%+3.1pp | -1.9%+1.0pp | -2.9% |
| Current Ratio | 2.46-0.3 | 2.75-0.4 | 3.13+0.4 | 2.72+0.1 | 2.64-1.1 | 3.74+0.2 | 3.53-0.9 | 4.46 |
| Debt-to-Equity | 0.15-0.1 | 0.240.0 | 0.240.0 | 0.240.0 | 0.25-0.0 | 0.270.0 | 0.280.0 | 0.27 |
| FCF Margin | 22.1%+4.2pp | 18.0%+19.4pp | -1.4%-1.8pp | 0.4%-5.4pp | 5.8%+8.6pp | -2.8%+5.5pp | -8.4%+32.6pp | -41.0% |
Similar Companies
Frequently Asked Questions
What is Micron Technology Inc's annual revenue?
Micron Technology Inc (MU) reported $37.4B in total revenue for fiscal year 2025. This represents a 48.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Micron Technology Inc's revenue growing?
Micron Technology Inc (MU) revenue grew by 48.9% year-over-year, from $25.1B to $37.4B in fiscal year 2025.
Is Micron Technology Inc profitable?
Yes, Micron Technology Inc (MU) reported a net income of $8.5B in fiscal year 2025, with a net profit margin of 22.8%.
What is Micron Technology Inc's earnings per share (EPS)?
Micron Technology Inc (MU) reported diluted earnings per share of $7.59 for fiscal year 2025. This represents a 984.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Micron Technology Inc's EBITDA?
Micron Technology Inc (MU) had EBITDA of $18.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Micron Technology Inc have?
As of fiscal year 2025, Micron Technology Inc (MU) had $9.6B in cash and equivalents against $11.5B in long-term debt.
What is Micron Technology Inc's gross margin?
Micron Technology Inc (MU) had a gross margin of 39.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Micron Technology Inc's operating margin?
Micron Technology Inc (MU) had an operating margin of 26.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Micron Technology Inc's net profit margin?
Micron Technology Inc (MU) had a net profit margin of 22.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Micron Technology Inc pay dividends?
Yes, Micron Technology Inc (MU) paid $0.46 per share in dividends during fiscal year 2025.
What is Micron Technology Inc's return on equity (ROE)?
Micron Technology Inc (MU) has a return on equity of 15.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Micron Technology Inc's free cash flow?
Micron Technology Inc (MU) generated $1.7B in free cash flow during fiscal year 2025. This represents a 1278.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Micron Technology Inc's operating cash flow?
Micron Technology Inc (MU) generated $17.5B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Micron Technology Inc's total assets?
Micron Technology Inc (MU) had $82.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Micron Technology Inc's capital expenditures?
Micron Technology Inc (MU) invested $15.9B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Micron Technology Inc spend on research and development?
Micron Technology Inc (MU) invested $3.8B in research and development during fiscal year 2025.
How many shares does Micron Technology Inc have outstanding?
Micron Technology Inc (MU) had 1.12B shares outstanding as of fiscal year 2025.
What is Micron Technology Inc's current ratio?
Micron Technology Inc (MU) had a current ratio of 2.52 as of fiscal year 2025, which is generally considered healthy.
What is Micron Technology Inc's debt-to-equity ratio?
Micron Technology Inc (MU) had a debt-to-equity ratio of 0.21 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Micron Technology Inc's return on assets (ROA)?
Micron Technology Inc (MU) had a return on assets of 10.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Micron Technology Inc's Altman Z-Score?
Micron Technology Inc (MU) has an Altman Z-Score of 11.84, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Micron Technology Inc's Piotroski F-Score?
Micron Technology Inc (MU) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Micron Technology Inc's earnings high quality?
Micron Technology Inc (MU) has an earnings quality ratio of 2.05x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Micron Technology Inc cover its interest payments?
Micron Technology Inc (MU) has an interest coverage ratio of 20.5x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Micron Technology Inc?
Micron Technology Inc (MU) scores 78 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.