What is Micron Technology, Inc.'s earnings per share (EPS)?

Micron Technology, Inc. (MU) reported diluted earnings per share of $74.33 for fiscal year 2026. This represents a 879.3% 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.

Micron Technology (MU) Financials

MU NASDAQ

FY2026 annual

Revenue $133.2B +256.3% YoY

Net Income $85.0B +895.1% YoY

EPS (Diluted) $74.33 +879.3% YoY

Free Cash Flow $59.0B +3435.0% YoY

Market Cap $1.0T as of Oct 26, 2026

Price / Sales 7.7x on $133.2B revenue, FY2026

Price / Earnings 12.0x on $85.0B net income, FY2026

Price / Book 7.4x on $138.4B equity, Q4 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 26, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2026, ended Sep 3, 2026 Reported Oct 9, 2026 Currency USD FYE September

Newest figures come from the 10-K for FY2026, filed Oct 9, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MU SEC filings page.

Micron Technology, Inc. (MU) reported $133.2B in revenue for fiscal year 2026, up 256.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI MU FY2026 2026-10-25

FY2026 shows Micron’s business model changed sharply: much higher volume produced wider margins, abundant cash, and less reliance on debt.

The non-obvious shift is that FY2026’s $59.0B FCF rested on $89.7B OCF, so the profit surge translated into cash rather than staying on paper. That is a different cash-conversion profile from FY2025, when $1.7B FCF followed $17.5B OCF as reinvestment absorbed most operating cash.

Revenue grew 256.3% from FY2025 to FY2026 while cost of revenue grew 14.1%, revealing unusually strong operating leverage. Gross margin reached 80.7% and operating margin reached 74.6%, showing that much of the improvement flowed through after production and operating expenses.

Total equity rose 155.5% while long-term debt fell 66.6%, so expansion was funded increasingly through equity and retained earnings rather than borrowing. Debt-to-equity was 0.0x and the current ratio was 3.3x, combining low leverage with substantial short-term balance-sheet flexibility; liabilities were 29.4% of assets even as total assets grew 136.6%.

Financial Health Signals

Financial Health Score 85/100

Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Micron Technology, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Micron Technology, Inc. has an operating margin of 74.6%, meaning the company retains $75 of operating profit per $100 of revenue. This strong profitability earns a score of 74/100, reflecting efficient cost management and pricing power. This is up from 26.1% the prior year.

Growth

Micron Technology, Inc.'s revenue surged 256.3% year-over-year to $133.2B, reflecting rapid business expansion. This strong growth earns a score of 98/100.

Leverage

Micron Technology, Inc. carries a low D/E ratio of 0.03, meaning only $0.03 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 91/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 3.31, Micron Technology, Inc. holds $3.31 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 81/100.

Cash Flow

Micron Technology, Inc. converts 44.3% of revenue into free cash flow ($59.0B). This strong cash generation earns a score of 89/100.

Returns

Micron Technology, Inc. earns a strong 61.4% return on equity (ROE), meaning it generates $61 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 74/100. This is up from 15.8% the prior year.

Altman Z-Score Safe

14.35

Micron Technology, Inc. scores 14.35, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $1.0T against total liabilities of $57.5B. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Strong

8/9

Micron Technology, Inc. passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.06x

For every $1 of reported earnings, Micron Technology, Inc. generates $1.06 in operating cash flow ($89.7B OCF vs $85.0B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

937.17x

Micron Technology, Inc. earns $937.17 in operating income for every $1 of interest expense ($99.3B vs $106.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$54.2B

YoY+379.3%

QoQ+30.8%

5Y CAGR+45.6%

10Y CAGR+32.6%

Micron Technology, Inc. generated $54.2B in revenue in Q4 2026. This represents an increase of 379.3% from the same quarter a year earlier. Against the prior quarter it is up 30.8%.

EBITDA

$46.4B

YoY+699.4%

QoQ+30.0%

5Y CAGR+58.9%

Micron Technology, Inc.'s EBITDA was $46.4B in Q4 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 699.4% from the same quarter a year earlier. Against the prior quarter it is up 30.0%.

Net Income

$37.7B

YoY+1077.8%

QoQ+33.5%

5Y CAGR+69.2%

10Y CAGRn/m

Micron Technology, Inc. reported $37.7B in net income in Q4 2026. This represents an increase of 1077.8% from the same quarter a year earlier. Against the prior quarter it is up 33.5%.

EPS (Diluted)

$32.93

YoY+1059.5%

QoQ+33.5%

5Y CAGR+69.0%

10Y CAGRn/m

Micron Technology, Inc. earned $32.93 per diluted share (EPS) in Q4 2026. This represents an increase of 1059.5% from the same quarter a year earlier. Against the prior quarter it is up 33.5%.

Cash & Balance Sheet

Free Cash Flow

$32.9B

YoY+45543.1%

QoQ+87.1%

5Y CAGR+77.4%

10Y CAGRn/m

Micron Technology, Inc. generated $32.9B in free cash flow in Q4 2026, representing cash available after capex. This represents an increase of 45543.1% from the same quarter a year earlier. Against the prior quarter it is up 87.1%.

Cash & Debt

$38.4B

YoY+297.9%

QoQ+53.5%

5Y CAGR+37.7%

10Y CAGR+24.9%

Micron Technology, Inc. held $38.4B in cash against $4.7B in long-term debt as of Q4 2026.

Dividends Per Share

$0.15

YoY+30.4%

QoQ0.0%

Micron Technology, Inc. paid $0.15 per share in dividends in Q4 2026. This represents an increase of 30.4% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

1.13B

YoY+0.8%

QoQ+0.2%

5Y CAGR+0.2%

10Y CAGR+0.8%

Micron Technology, Inc. had 1.13B shares outstanding in Q4 2026. This represents an increase of 0.8% from the same quarter a year earlier. Against the prior quarter it is up 0.2%.

Margins & Returns

Gross Margin

86.8%

YoY+42.1pp

QoQ+2.2pp

5Y change+39.5pp

10Y change+68.8pp

Micron Technology, Inc.'s gross margin was 86.8% in Q4 2026, indicating the percentage of revenue retained after direct costs. This is up 42.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.2 percentage points.

Operating Margin

80.7%

YoY+48.4pp

QoQ+0.3pp

5Y change+45.0pp

10Y change+81.7pp

Micron Technology, Inc.'s operating margin was 80.7% in Q4 2026, reflecting core business profitability. This is up 48.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.3 percentage points.

Net Margin

69.5%

YoY+41.2pp

QoQ+1.4pp

5Y change+36.7pp

10Y change+74.8pp

Micron Technology, Inc.'s net profit margin was 69.5% in Q4 2026, showing the share of revenue converted to profit. This is up 41.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.4 percentage points.

Return on Equity

27.2%

YoY+21.3pp

QoQ-0.8pp

5Y change+21.0pp

10Y change+28.6pp

Micron Technology, Inc.'s quarterly ROE was 27.2% in Q4 2026: one quarter's net income over shareholder equity, not annualized. This is up 21.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.8 percentage points.

Capital Allocation

R&D Spending

$1.9B

YoY+82.7%

QoQ+45.4%

5Y CAGR+22.1%

Micron Technology, Inc. invested $1.9B in research and development in Q4 2026. This represents an increase of 82.7% from the same quarter a year earlier. Against the prior quarter it is up 45.4%.

Share Buybacks

YoYn/m

QoQn/m

Micron Technology, Inc. repurchased no shares in Q4 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

Capital Expenditures

$11.1B

YoY+96.4%

QoQ+42.0%

5Y CAGR+40.7%

10Y CAGR+19.2%

Micron Technology, Inc. invested $11.1B in capex in Q4 2026, funding long-term assets and infrastructure. This represents an increase of 96.4% from the same quarter a year earlier. Against the prior quarter it is up 42.0%.

MU Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MU quarterly income statement

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Revenue	$133.2B+256.3%	$37.4B+48.9%	$25.1B+61.6%	$15.5B-49.5%	$30.8B+11.0%	$27.7B+29.3%	$21.4B-8.4%	$23.4B-23.0%	$30.4B+49.5%	$20.3B+63.9%	$12.4B-23.4%	$16.2B-1.0%	$16.4B+80.3%	$9.1B+10.2%	$8.2B
Cost of Revenue	$25.7B+14.1%	$22.5B+15.4%	$19.5B+15.0%	$17.0B+0.6%	$16.9B-2.4%	$17.3B+16.1%	$14.9B+17.2%	$12.7B+1.6%	$12.5B+5.2%	$11.9B+20.1%	$9.9B-9.9%	$11.0B+0.5%	$10.9B+51.1%	$7.2B-0.6%	$7.3B
Gross Profit	$107.5B+622.8%	$14.9B+165.0%	$5.6Bn/m	-$1.4B-110.2%	$13.9B+33.3%	$10.4B+59.1%	$6.6B-38.8%	$10.7B-40.2%	$17.9B+112.1%	$8.4B+236.8%	$2.5B-52.0%	$5.2B-4.1%	$5.4B+194.4%	$1.8B+90.8%	$968.0M
R&D Expenses	$5.7B+48.8%	$3.8B+10.7%	$3.4B+10.1%	$3.1B-0.1%	$3.1B+17.0%	$2.7B+2.4%	$2.6B+6.5%	$2.4B+14.0%	$2.1B+17.4%	$1.8B+12.8%	$1.6B+5.0%	$1.5B+12.3%	$1.4B+47.3%	$931.0M+1.4%	$918.0M
SG&A Expenses	$1.9B+61.6%	$1.2B+6.7%	$1.1B+22.7%	$920.0M-13.7%	$1.1B+19.2%	$894.0M+1.5%	$881.0M+5.4%	$836.0M+2.8%	$813.0M+9.4%	$743.0M+12.7%	$659.0M-8.3%	$719.0M+1.7%	$707.0M+25.8%	$562.0M-9.4%	$620.0M
Operating Income	$99.3B+916.8%	$9.8B+649.2%	$1.3Bn/m	-$5.7B-159.2%	$9.7B+54.4%	$6.3B+109.2%	$3.0B-59.3%	$7.4B-50.8%	$15.0B+155.5%	$5.9B+3392.9%	$168.0M-94.4%	$3.0B-2.9%	$3.1B+1208.1%	$236.0Mn/m	-$612.0M
EBITDA	$108.8B+500.6%	$18.1B+99.5%	$9.1B+351.7%	$2.0B-88.0%	$16.8B+34.6%	$12.5B+44.4%	$8.7B-32.4%	$12.8B-35.2%	$19.8B+103.0%	$9.7B+209.1%	$3.1B-45.8%	$5.8B+8.3%	$5.4B+147.8%	$2.2B+34.3%	$1.6B
Interest Expense	$106.0M-77.8%	$477.0M-15.1%	$562.0M+44.8%	$388.0M+105.3%	$189.0M+3.3%	$183.0M-5.7%	$194.0M+51.6%	$128.0M-62.6%	$342.0M-43.1%	$601.0M+37.5%	$437.0M+17.8%	$371.0M+5.4%	$352.0M+52.4%	$231.0M+29.1%	$179.0M
Income Tax	$14.8B+1213.3%	$1.1B+149.2%	$451.0M+154.8%	$177.0M-80.1%	$888.0M+125.4%	$394.0M+40.7%	$280.0M-59.6%	$693.0M+312.5%	$168.0M+47.4%	$114.0M+500.0%	$19.0M-87.9%	$157.0M+22.7%	$128.0M+1500.0%	$8.0Mn/m	-$17.0M
Net Income	$85.0B+895.1%	$8.5B+997.6%	$778.0Mn/m	-$5.8B-167.1%	$8.7B+48.2%	$5.9B+118.1%	$2.7B-57.4%	$6.3B-55.3%	$14.1B+177.8%	$5.1Bn/m	-$276.0M-109.5%	$2.9B-4.8%	$3.0B+155.9%	$1.2Bn/m	-$1.0B
EPS (Basic)	$75.38+885.4%	$7.65+992.9%	$0.70n/m	-$5.34-168.4%	$7.81+49.3%	$5.23+116.1%	$2.42-57.3%	$5.67-53.8%	$12.27+162.7%	$4.67n/m	-$0.27-110.0%	$2.71-5.6%	$2.87+147.4%	$1.16n/m	-$1.04
EPS (Diluted)	$74.33+879.3%	$7.59+984.3%	$0.70n/m	-$5.34-168.9%	$7.75+50.8%	$5.14+116.9%	$2.37-57.0%	$5.51-52.1%	$11.51+161.0%	$4.41n/m	-$0.27-110.9%	$2.47-2.8%	$2.54+124.8%	$1.13n/m	-$1.04
Diluted Shares (Avg)	1.14B+1.6%	1.13B+0.6%	1.12B+2.3%	1.09B-2.6%	1.12B-1.7%	1.14B+0.9%	1.13B-1.0%	1.14B-7.0%	1.23B+6.5%	1.15B+11.4%	1.04B-11.5%	1.17B-2.3%	1.20B+13.3%	1.06B+6.7%	991M

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Revenue	$54.2B+379.3%	$41.5B+345.7%	$23.9B+196.3%	$13.6B+56.7%	$11.3B+46.0%	$9.3B+36.6%	$8.1B+38.3%	$8.7B+84.3%
Cost of Revenue	$7.2B+14.7%	$6.4B+10.5%	$6.1B+19.9%	$6.0B+11.9%	$6.3B+24.9%	$5.8B+16.3%	$5.1B+7.3%	$5.4B+12.6%
Gross Profit	$47.0B+830.9%	$35.1B+899.3%	$17.8B+499.2%	$7.6B+128.4%	$5.1B+84.7%	$3.5B+91.5%	$3.0B+174.6%	$3.3Bn/m
R&D Expenses	$1.9B+82.7%	$1.3B+36.4%	$1.3B+39.2%	$1.2B+31.9%	$1.0B+15.9%	$965.0M+13.5%	$898.0M+7.9%	$888.0M+5.1%
SG&A Expenses	$859.0M+173.6%	$407.0M+28.0%	$344.0M+20.7%	$337.0M+17.0%	$314.0M+6.4%	$318.0M+9.3%	$285.0M+1.8%	$288.0M+9.5%
Operating Income	$43.8B+1097.3%	$33.3B+1436.1%	$16.1B+810.0%	$6.1B+182.2%	$3.7B+140.1%	$2.2B+201.7%	$1.8B+828.3%	$2.2Bn/m
EBITDA	$46.4B+699.4%	$35.7B+737.0%	$18.4B+378.2%	$8.3B+98.6%	$5.8B+65.4%	$4.3B+59.4%	$3.9B+82.1%	$4.2B+434.2%
Interest Expense	$0-100.0%	$0-100.0%	$32.0M-71.4%	$74.0M-37.3%	$124.0M-8.8%	$123.0M-18.0%	$112.0M-22.2%	$118.0M-10.6%
Income Tax	$6.6B+1434.5%	$5.0B+2018.3%	$2.4B+1239.5%	$829.0M+192.9%	$429.0M-31.1%	$235.0M-37.7%	$177.0Mn/m	$283.0M+287.7%
Net Income	$37.7B+1077.8%	$28.2B+1398.3%	$13.8B+770.8%	$5.2B+180.2%	$3.2B+260.9%	$1.9B+467.8%	$1.6B+99.6%	$1.9Bn/m
EPS (Basic)	$33.41+1068.2%	$25.03+1381.1%	$12.25+762.7%	$4.66+177.4%	$2.86+257.5%	$1.69+463.3%	$1.42+97.2%	$1.68n/m
EPS (Diluted)	$32.93+1059.5%	$24.67+1368.5%	$12.07+756.0%	$4.60+175.4%	$2.84+255.0%	$1.68+460.0%	$1.41+98.6%	$1.67n/m
Diluted Shares (Avg)	N/A	1.15B+1.8%	1.14B+1.7%	1.14B+1.4%	N/A	1.13B+0.2%	1.12B+0.8%	1.12B+2.0%

MU Balance Sheet

MU quarterly balance sheet

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Total Assets	$195.9B+136.6%	$82.8B+19.3%	$69.4B+8.0%	$64.3B-3.1%	$66.3B+12.6%	$58.8B+9.6%	$53.7B+9.8%	$48.9B+12.7%	$43.4B+22.8%	$35.3B+28.3%	$27.5B+14.1%	$24.1B+7.7%	$22.4B+17.3%	$19.1B+33.4%	$14.3B
Current Assets	$91.1B+215.8%	$28.8B+18.3%	$24.4B+14.7%	$21.2B-2.5%	$21.8B+9.4%	$19.9B+10.8%	$18.0B+8.9%	$16.5B+2.9%	$16.0B+28.8%	$12.5B+31.2%	$9.5B+10.5%	$8.6B-16.1%	$10.2B+15.0%	$8.9B+54.8%	$5.8B
Cash & Equivalents	$38.4B+297.9%	$9.6B+36.9%	$7.0B-17.9%	$8.6B+3.8%	$8.3B+6.4%	$7.8B+1.8%	$7.6B+6.6%	$7.2B+9.9%	$6.5B+27.3%	$5.1B+23.4%	$4.1B+81.0%	$2.3B-44.9%	$4.2B+44.1%	$2.9B+17.1%	$2.5B
Short-Term Investments	$5.1B+662.4%	$665.0M-37.6%	$1.1B+4.7%	$1.0B-4.9%	$1.1B+22.9%	$870.0M+68.0%	$518.0M-35.5%	$803.0M+171.3%	$296.0M-7.2%	$319.0M+23.6%	$258.0M-79.1%	$1.2B+221.4%	$384.0M+73.8%	$221.0M+121.0%	$100.0M
Inventory	$10.4B+24.1%	$8.4B-5.9%	$8.9B+5.8%	$8.4B+25.9%	$6.7B+48.5%	$4.5B-16.5%	$5.4B+5.0%	$5.1B+42.6%	$3.6B+15.0%	$3.1B+8.1%	$2.9B+23.5%	$2.3B-4.7%	$2.5B-7.3%	$2.6B+46.2%	$1.8B
Accounts Receivable	$31.8B+343.9%	$7.2B+32.2%	$5.4B+164.6%	$2.0B-57.0%	$4.8B-3.2%	$4.9B+40.8%	$3.5B+25.8%	$2.8B-45.1%	$5.1B+44.9%	$3.5B+97.7%	$1.8B-19.3%	$2.2B-13.3%	$2.5B+22.0%	$2.1B+121.8%	$933.0M
Long-Term Investments	$30.0B+1742.8%	$1.6B+55.7%	$1.0B+23.9%	$844.0M-48.8%	$1.6B-6.7%	$1.8B+68.4%	$1.0B-10.0%	$1.2B+146.1%	$473.0M-23.3%	$617.0M+49.0%	$414.0M-80.4%	$2.1B+158.0%	$819.0M+64.1%	$499.0M+33.4%	$374.0M
Goodwill	$1.1B0.0%	$1.1B0.0%	$1.1B0.0%	$1.1B-6.4%	$1.2B0.0%	$1.2B0.0%	$1.2B0.0%	$1.2B0.0%	$1.2B0.0%	$1.2B+1080.8%	$104.0M	N/A	N/A	N/A	N/A
Total Liabilities	$57.5B+100.9%	$28.6B+17.9%	$24.3B+20.6%	$20.1B+22.9%	$16.4B+9.8%	$14.9B+1.6%	$14.7B+22.2%	$12.0B+18.9%	$10.1B-36.2%	$15.8B+8.4%	$14.6B+34.6%	$10.9B+0.6%	$10.8B+18.4%	$9.1B+54.2%	$5.9B
Current Liabilities	$27.5B+139.9%	$11.5B+23.9%	$9.2B+94.1%	$4.8B-36.8%	$7.5B+17.4%	$6.4B-3.2%	$6.6B+3.8%	$6.4B+11.1%	$5.8B+7.9%	$5.3B+10.3%	$4.8B+23.8%	$3.9B-18.5%	$4.8B+16.1%	$4.1B+83.9%	$2.2B
Non-Current Liabilities	$30.0B+74.8%	$17.2B+14.2%	$15.0B-2.2%	$15.4B+73.9%	$8.8B+4.1%	$8.5B+5.5%	$8.0B+43.0%	$5.6B+29.2%	$4.4B-58.5%	$10.5B+7.5%	$9.8B+40.7%	$7.0B+15.9%	$6.0B+20.2%	$5.0B+36.0%	$3.7B
Long-Term Debt	$4.7B-66.6%	$14.0B+8.1%	$13.0B-0.7%	$13.1B+91.9%	$6.8B+2.7%	$6.6B+3.9%	$6.4B+40.3%	$4.5B+20.2%	$3.8B-61.7%	$9.9B+7.8%	$9.2B+46.4%	$6.3B+27.8%	$4.9B+9.9%	$4.5B+46.5%	$3.0B
Total Equity	$138.4B+155.5%	$54.2B+20.0%	$45.1B+2.3%	$44.1B-11.6%	$49.9B+13.6%	$43.9B+12.7%	$39.0B+8.7%	$35.9B+11.1%	$32.3B+73.4%	$18.6B+54.1%	$12.1B-1.8%	$12.3B+14.3%	$10.8B+17.7%	$9.1B+18.7%	$7.7B
Retained Earnings	$131.9B+171.4%	$48.6B+18.9%	$40.9B+0.1%	$40.8B-13.6%	$47.3B+21.1%	$39.1B+17.0%	$33.4B+8.5%	$30.8B+25.6%	$24.5B+138.7%	$10.3B+93.6%	$5.3B-5.2%	$5.6B+104.8%	$2.7Bn/m	-$212.0Mn/m	-$1.4B

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Total Assets	$195.9B+136.6%	$134.1B+71.1%	$101.5B+39.0%	$86.0B+20.3%	$82.8B+19.3%	$78.4B+18.3%	$73.1B+11.2%	$71.5B+12.0%
Current Assets	$91.1B+215.8%	$66.7B+139.0%	$41.4B+67.7%	$29.7B+21.1%	$28.8B+18.3%	$27.9B+19.7%	$24.7B+5.4%	$24.5B+16.3%
Cash & Equivalents	$38.4B+297.9%	$25.0B+145.9%	$13.9B+84.2%	$9.7B+45.4%	$9.6B+36.9%	$10.2B+33.8%	$7.6B-5.8%	$6.7B-17.1%
Short-Term Investments	$5.1B+662.4%	$1.0B+58.5%	$681.0M+2.7%	$587.0M-34.4%	$665.0M-37.6%	$648.0M-17.5%	$663.0M-33.0%	$895.0M-8.0%
Inventory	$10.4B+24.1%	$8.6B-1.8%	$8.3B-8.2%	$8.2B-5.7%	$8.4B-5.9%	$8.7B+2.5%	$9.0B+6.7%	$8.7B+5.2%
Accounts Receivable	$31.8B+343.9%	$26.9B+389.7%	$15.4B+202.2%	$8.0B+28.1%	$7.2B+32.2%	$5.5B+24.4%	$5.1B+39.6%	$6.3B+152.2%
Long-Term Investments	$30.0B+1742.8%	$4.1B+192.9%	$2.0B+48.2%	$1.7B+46.8%	$1.6B+55.7%	$1.4B+80.9%	$1.4B+119.3%	$1.2B+60.6%
Goodwill	$1.1B0.0%	$1.1B0.0%	$1.1B0.0%	$1.1B0.0%	$1.1B0.0%	$1.1B0.0%	$1.1B0.0%	$1.1B0.0%
Total Liabilities	$57.5B+100.9%	$33.4B+20.8%	$29.1B+19.0%	$27.2B+10.1%	$28.6B+17.9%	$27.6B+25.5%	$24.4B+11.8%	$24.7B+18.1%
Current Liabilities	$27.5B+139.9%	$19.5B+92.3%	$14.3B+81.5%	$12.1B+33.8%	$11.5B+23.9%	$10.1B+48.2%	$7.9B+25.9%	$9.0B+51.2%
Non-Current Liabilities	$30.0B+74.8%	$13.9B-20.6%	$14.8B-10.8%	$15.1B-3.5%	$17.2B+14.2%	$17.5B+15.3%	$16.5B+6.1%	$15.6B+4.8%
Long-Term Debt	$4.7B-66.6%	$5.1B-65.7%	$9.6B-31.0%	$11.2B-15.6%	$14.0B+8.1%	$15.0B+16.7%	$13.9B+3.5%	$13.3B+5.2%
Total Equity	$138.4B+155.5%	$100.7B+98.5%	$72.5B+49.0%	$58.8B+25.7%	$54.2B+20.0%	$50.7B+14.7%	$48.6B+10.9%	$46.8B+9.1%
Retained Earnings	$131.9B+171.4%	$94.7B+107.8%	$66.8B+52.4%	$53.3B+25.7%	$48.6B+18.9%	$45.6B+13.4%	$43.8B+9.6%	$42.4B+7.8%

MU Cash Flow Statement

MU quarterly cash flow statement

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Operating Cash Flow	$89.7B+411.7%	$17.5B+106.0%	$8.5B+445.7%	$1.6B-89.7%	$15.2B+21.8%	$12.5B+50.1%	$8.3B-37.0%	$13.2B-24.2%	$17.4B+113.4%	$8.2B+157.4%	$3.2B-39.2%	$5.2B-8.6%	$5.7B+214.7%	$1.8B-14.3%	$2.1B
Depreciation & Amortization	$9.5B+13.8%	$8.4B+7.4%	$7.8B+0.3%	$7.8B+9.0%	$7.1B+14.5%	$6.2B+10.0%	$5.7B+4.2%	$5.4B+14.0%	$4.8B+23.3%	$3.9B+29.6%	$3.0B+6.2%	$2.8B+23.6%	$2.3B+17.9%	$1.9B-13.3%	$2.2B
Stock-Based Compensation	$1.3B+37.1%	$972.0M+16.7%	$833.0M+39.8%	$596.0M+16.0%	$514.0M+36.0%	$378.0M+15.2%	$328.0M+35.0%	$243.0M+22.7%	$198.0M-7.9%	$215.0M+12.6%	$191.0M+13.7%	$168.0M+46.1%	$115.0M+26.4%	$91.0M+4.6%	$87.0M
Capital Expenditures	$30.7B+93.7%	$15.9B+89.1%	$8.4B+9.2%	$7.7B-36.4%	$12.1B+20.3%	$10.0B+22.0%	$8.2B-15.9%	$9.8B+10.1%	$8.9B+87.6%	$4.7B-18.6%	$5.8B+44.7%	$4.0B+29.4%	$3.1B+115.5%	$1.4B-15.1%	$1.7B
Free Cash Flow	$59.0B+3435.0%	$1.7B+1278.5%	$121.0Mn/m	-$6.1B-296.4%	$3.1B+27.7%	$2.4B+2837.3%	$83.0M-97.6%	$3.4B-60.0%	$8.5B+149.2%	$3.4Bn/m	-$2.6B-323.2%	$1.2B-54.2%	$2.6B+602.4%	$369.0M-11.1%	$415.0M
Investing Cash Flow	-$61.6Bn/m	-$14.1Bn/m	-$8.3Bn/m	-$6.2Bn/m	-$11.6Bn/m	-$10.6Bn/m	-$7.6Bn/m	-$10.1Bn/m	-$8.2Bn/m	-$7.5Bn/m	-$3.0Bn/m	-$6.2B	N/A	N/A	-$2.3B
Financing Cash Flow	$630.0Mn/m	-$850.0Mn/m	-$1.8B-137.0%	$5.0Bn/m	-$3.0Bn/m	-$1.8Bn/m	-$317.0Mn/m	-$2.4Bn/m	-$7.8B-2328.1%	$349.0M-80.0%	$1.7Bn/m	-$718.0M	N/A	N/A	$497.0M
Dividends Paid	$610.0M+16.9%	$522.0M+1.8%	$513.0M+1.8%	$504.0M+9.3%	$461.0Mn/m	$0n/m	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$650.0Mn/m	$0-100.0%	$300.0M-29.4%	$425.0M-82.5%	$2.4B+102.7%	$1.2B+581.8%	$176.0M-93.6%	$2.7B+3743.7%	$71.0M+97.2%	$36.0M-75.7%	$148.0M-83.3%	$884.0M+1063.2%	$76.0M+1420.0%	$5.0M-16.7%	$6.0M

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Operating Cash Flow	$44.0B+667.4%	$25.4B+450.8%	$11.9B+202.0%	$8.4B+159.3%	$5.7B+68.3%	$4.6B+85.7%	$3.9B+223.4%	$3.2B+131.5%
Depreciation & Amortization	$2.6B+22.9%	$2.4B+12.9%	$2.3B+10.0%	$2.2B+9.0%	$2.1B+8.2%	$2.1B+7.1%	$2.1B+8.1%	$2.0B+6.0%
Stock-Based Compensation	N/A	$341.0M+29.7%	$297.0M+27.5%	$290.0M+31.8%	N/A	$263.0M+21.2%	$233.0M+11.5%	$220.0M+17.0%
Capital Expenditures	$11.1B+96.4%	$7.8B+166.4%	$6.4B+57.5%	$5.4B+68.1%	$5.7B+81.3%	$2.9B+40.8%	$4.1B+193.0%	$3.2B+78.5%
Free Cash Flow	$32.9B+45543.1%	$17.6B+951.0%	$5.5Bn/m	$3.0B+7852.6%	$72.0M-74.7%	$1.7B+322.0%	-$113.0Mn/m	$38.0Mn/m
Investing Cash Flow	-$42.0Bn/m	-$9.6Bn/m	-$5.5Bn/m	-$4.6Bn/m	-$5.2Bn/m	-$2.6Bn/m	-$3.2Bn/m	-$3.1Bn/m
Financing Cash Flow	$11.3Bn/m	-$4.7B-976.7%	-$2.2B-2357.3%	-$3.7Bn/m	-$1.1Bn/m	$540.0Mn/m	$96.0Mn/m	-$422.0Mn/m
Dividends Paid	$173.0M+33.1%	$171.0M+30.5%	$132.0M+1.5%	$134.0M+2.3%	$130.0M+0.8%	$131.0M+2.3%	$130.0M+2.4%	$131.0M+1.6%
Share Buybacks	$0n/m	$0n/m	$350.0Mn/m	$300.0Mn/m	$0-100.0%	$0n/m	$0n/m	$0n/m

MU Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MU quarterly financial ratios

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Gross Margin	80.7%+40.9pp	39.8%+17.4pp	22.4%+31.5pp	-9.1%-54.3pp	45.2%+7.6pp	37.6%+7.0pp	30.6%-15.1pp	45.7%-13.2pp	58.9%+17.4pp	41.5%+21.3pp	20.2%-12.0pp	32.2%-1.0pp	33.2%+12.9pp	20.4%+8.6pp	11.8%
Operating Margin	74.6%+48.4pp	26.1%+21.0pp	5.2%+42.2pp	-37.0%-68.5pp	31.5%+8.9pp	22.7%+8.7pp	14.0%-17.5pp	31.5%-17.8pp	49.3%+20.5pp	28.9%+27.5pp	1.4%-17.2pp	18.5%-0.4pp	18.9%+16.3pp	2.6%+10.0pp	-7.4%
Net Margin	63.8%+41.0pp	22.8%+19.7pp	3.1%+40.6pp	-37.5%-65.8pp	28.2%+7.1pp	21.2%+8.6pp	12.5%-14.4pp	27.0%-19.5pp	46.5%+21.5pp	25.0%+27.3pp	-2.2%-20.1pp	17.9%-0.7pp	18.6%+5.5pp	13.1%+25.7pp	-12.5%
Return on Equity	61.4%+45.6pp	15.8%+14.0pp	1.7%+14.9pp	-13.2%-30.6pp	17.4%+4.1pp	13.3%+6.4pp	6.9%-10.7pp	17.6%-26.2pp	43.8%+16.4pp	27.3%+29.6pp	-2.3%-25.9pp	23.6%-4.7pp	28.3%+15.3pp	13.0%+26.4pp	-13.4%
Return on Assets	43.4%+33.1pp	10.3%+9.2pp	1.1%+10.2pp	-9.1%-22.2pp	13.1%+3.1pp	10.0%+4.9pp	5.0%-7.9pp	12.9%-19.7pp	32.6%+18.2pp	14.4%+15.4pp	-1.0%-13.0pp	12.0%-1.6pp	13.6%+7.4pp	6.2%+13.4pp	-7.2%
Current Ratio	3.31+0.8x	2.52-0.1x	2.64-1.8x	4.46+1.6x	2.89-0.2x	3.10+0.4x	2.71+0.1x	2.58-0.2x	2.79+0.5x	2.34+0.4x	1.96-0.2x	2.20+0.1x	2.140.0x	2.16-0.4x	2.57
Debt-to-Equity	0.03-0.2x	0.260.0x	0.290.0x	0.30+0.2x	0.140.0x	0.150.0x	0.160.0x	0.130.0x	0.12-0.4x	0.53-0.2x	0.76+0.2x	0.51+0.1x	0.450.0x	0.49+0.1x	0.39
Liabilities-to-Equity	0.42-0.1x	0.530.0x	0.54+0.1x	0.46+0.1x	0.330.0x	0.340.0x	0.380.0x	0.340.0x	0.31-0.5x	0.85-0.4x	1.21+0.3x	0.88-0.1x	1.000.0x	1.00+0.2x	0.77
Asset Turnover	0.68+0.2x	0.45+0.1x	0.36+0.1x	0.24-0.2x	0.460.0x	0.47+0.1x	0.40-0.1x	0.48-0.2x	0.70+0.1x	0.58+0.1x	0.45-0.2x	0.67-0.1x	0.73+0.3x	0.47-0.1x	0.57
FCF Margin	44.3%+39.8pp	4.5%+4.0pp	0.5%+39.8pp	-39.4%-49.5pp	10.1%+1.3pp	8.8%+8.4pp	0.4%-14.2pp	14.6%-13.5pp	28.0%+11.2pp	16.8%+38.2pp	-21.4%-28.7pp	7.3%-8.5pp	15.8%+11.8pp	4.1%-1.0pp	5.0%

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Gross Margin	86.8%+42.1pp	84.6%+46.8pp	74.4%+37.6pp	56.0%+17.6pp	44.7%+9.3pp	37.7%+10.8pp	36.8%+18.3pp	38.4%+39.2pp
Operating Margin	80.7%+48.4pp	80.4%+57.0pp	67.6%+45.6pp	45.0%+20.0pp	32.3%+12.7pp	23.3%+12.8pp	22.0%+18.7pp	25.0%+48.8pp
Net Margin	69.5%+41.2pp	68.1%+47.9pp	57.8%+38.1pp	38.4%+16.9pp	28.3%+16.8pp	20.3%+15.4pp	19.7%+6.0pp	21.5%+47.6pp
Return on Equity	27.2%+21.3pp	28.0%+24.3pp	19.0%+15.8pp	8.9%+4.9pp	5.9%+3.9pp	3.7%+3.0pp	3.3%+1.4pp	4.0%+6.9pp
Return on Assets	19.3%+15.4pp	21.1%+18.7pp	13.6%+11.4pp	6.1%+3.5pp	3.9%+2.6pp	2.4%+1.9pp	2.2%+1.0pp	2.6%+4.5pp
Current Ratio	3.31+0.8x	3.42+0.7x	2.90-0.2x	2.46-0.3x	2.52-0.1x	2.75-0.7x	3.13-0.6x	2.72-0.8x
Debt-to-Equity	0.03-0.2x	0.05-0.2x	0.13-0.2x	0.19-0.1x	0.260.0x	0.300.0x	0.280.0x	0.280.0x
Liabilities-to-Equity	0.42-0.1x	0.33-0.2x	0.40-0.1x	0.46-0.1x	0.530.0x	0.540.0x	0.500.0x	0.530.0x
Asset Turnover	0.28+0.1x	0.31+0.2x	0.24+0.1x	0.160.0x	0.140.0x	0.120.0x	0.110.0x	0.120.0x
FCF Margin	60.6%+60.0pp	42.4%+24.4pp	23.1%+24.5pp	22.1%+21.7pp	0.6%-3.0pp	18.0%+12.2pp	-1.4%+1.4pp	0.4%+8.8pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Micron Technology, Inc. MU	FY2026	$133.2B	$85.0B	63.8%	$1.0T	85/100
Qualcomm Inc QCOM	FY2025	$44.3B	$5.5B	12.5%	$191.8B	77/100
Texas Instruments Incorporated TXN	FY2025	$17.7B	$5.0B	28.3%	$272.3B	67/100
Arm Holdings ARM	FY2026	$4.9B	$904.0M	18.4%	$238.5B	77/100
Intel Corp INTC	FY2025	$52.9B	-$267.0M	-0.5%	$478.5B	25/100
Analog Devices, Inc. ADI	FY2025	$11.0B	$2.3B	20.6%	$197.7B	61/100

Where Micron Technology, Inc. Ranks

Frequently Asked Questions

What is Micron Technology, Inc.'s annual revenue?

Micron Technology, Inc. (MU) reported $133.2B in total revenue for fiscal year 2026. This represents a 256.3% 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 256.3% year-over-year, from $37.4B to $133.2B in fiscal year 2026.

Is Micron Technology, Inc. profitable?

Yes, Micron Technology, Inc. (MU) reported a net income of $85.0B in fiscal year 2026, with a net profit margin of 63.8%.

What is Micron Technology, Inc.'s EBITDA?

Micron Technology, Inc. (MU) had EBITDA of $108.8B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Micron Technology, Inc. have?

As of fiscal year 2026, Micron Technology, Inc. (MU) had $38.4B in cash and equivalents against $4.7B in long-term debt.

What is Micron Technology, Inc.'s gross margin?

Micron Technology, Inc. (MU) had a gross margin of 80.7% in fiscal year 2026, 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 74.6% in fiscal year 2026, 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 63.8% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Does Micron Technology, Inc. pay dividends?

Yes, Micron Technology, Inc. (MU) paid $0.53 per share in dividends during fiscal year 2026.

What is Micron Technology, Inc.'s return on equity (ROE)?

Micron Technology, Inc. (MU) has a return on equity of 61.4% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is Micron Technology, Inc.'s free cash flow?

Micron Technology, Inc. (MU) generated $59.0B in free cash flow during fiscal year 2026. This represents a 3435.0% 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 $89.7B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Micron Technology, Inc.'s total assets?

Micron Technology, Inc. (MU) had $195.9B in total assets as of fiscal year 2026, including both current and long-term assets.

What are Micron Technology, Inc.'s capital expenditures?

Micron Technology, Inc. (MU) invested $30.7B in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

How much does Micron Technology, Inc. spend on research and development?

Micron Technology, Inc. (MU) invested $5.7B in research and development during fiscal year 2026.

Does Micron Technology, Inc. buy back shares?

Yes, Micron Technology, Inc. (MU) spent $650.0M on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

How many shares does Micron Technology, Inc. have outstanding?

Micron Technology, Inc. (MU) had 1.13B shares outstanding as of fiscal year 2026.

What is Micron Technology, Inc.'s current ratio?

Micron Technology, Inc. (MU) had a current ratio of 3.31 as of fiscal year 2026, 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 0.03 as of fiscal year 2026. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.

What is Micron Technology, Inc.'s liabilities-to-equity ratio?

Micron Technology, Inc. (MU) had a liabilities-to-equity ratio of 0.42 as of fiscal year 2026, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.

What is Micron Technology, Inc.'s return on assets (ROA)?

Micron Technology, Inc. (MU) had a return on assets of 43.4% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Micron Technology, Inc.'s P/E ratio?

Micron Technology, Inc. (MU) trades at 12.0x earnings, its market capitalization divided by $85.0B net income, FY2026. The market capitalization is $1.0T as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Micron Technology, Inc.'s price-to-sales ratio?

Micron Technology, Inc. (MU) trades at 7.7x sales, its market capitalization divided by $133.2B revenue, FY2026. The market capitalization is $1.0T as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Micron Technology, Inc.'s Altman Z-Score?

Micron Technology, Inc. (MU) has an Altman Z-Score of 14.35, 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 8 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 to 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 1.06x, 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 937.17x, 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 85 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.