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.

Micron Technology, Inc. (MU) Financials

Trailing 12 months to May 28, 2026

Revenue $90.3B +167.0% YoY

Net Income $50.5B +710.7% YoY

EPS (Diluted) $44.18 +694.6% YoY

Free Cash Flow $26.2B +1291.4% YoY

Market Cap $1.1T as of Sep 11, 2026

Price / Sales 12.2x on $90.3B revenue, trailing 12 months to May 28, 2026

Price / Earnings 21.8x on $50.5B net income, trailing 12 months to May 28, 2026

Price / Book 10.9x on $100.7B equity, Q3 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 Sep 11, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended May 28, 2026 Reported Jun 25, 2026 Currency USD FYE August

Newest figures come from the 10-Q for Q3 FY2026, filed Jun 25, 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 $90.3B in revenue over the twelve months to May 28, 2026, up 167.0% from the prior twelve months. 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 FY2025 2026-08-30

Micron’s rebound is capital-intensive: restored operating profitability produces cash, but factory investment absorbs most of it.

In FY2025, net margin reached 22.8% while operating cash flow was $17.5B, showing that reported earnings converted into cash before reinvestment. Yet free cash flow was only $1.7B because capital expenditures were $15.9B, making the recovery dependent on heavy ongoing reinvestment rather than accounting profit alone.

The gross-margin swing from FY2023’s -9.1% to FY2025’s 39.8% is consistent with cyclical utilization or product-mix normalization, rather than a smooth cost trend. The operating-margin rebound from -37.0% to 26.1% reinforces that fixed costs were absorbed as business volume recovered.

Debt increased from $6.6B in FY2021 to $14.0B in FY2025, indicating that expansion required more borrowing. However, leverage remained modest at 0.3x and the current ratio was 2.5x, so the balance sheet remains equity-heavy rather than dependent on debt financing.

Financial Health Signals

Financial Health Score 57/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. 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 26.1%, meaning the company retains $26 of operating profit per $100 of revenue. This results in a moderate score of 45/100, indicating healthy but not exceptional operating efficiency. This is up from 5.2% the prior year.

Growth

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 96/100.

Leverage

Micron Technology, Inc. carries a low D/E ratio of 0.26, meaning only $0.26 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 73/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

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 71/100.

Cash Flow

Micron Technology, Inc.'s free cash flow margin of 4.5% results in a low score of 15/100. Capital expenditures of $15.9B absorb a large share of operating cash flow.

Returns

Micron Technology, Inc.'s ROE of 15.8% shows moderate profitability relative to equity, earning a score of 41/100. This is up from 1.7% the prior year.

Altman Z-Score Safe

25.00

Micron Technology, Inc. scores 25.00, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($1.1T) relative to total liabilities ($28.6B). 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

7/9

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.

Earnings Quality Cash-Backed

2.05x

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.

Interest Coverage Safe

20.48x

Micron Technology, Inc. earns $20.48 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

Export CSV

Earnings & Revenue

Revenue

$41.5B

YoY+345.7%

QoQ+73.7%

5Y CAGR+46.1%

10Y CAGR+27.7%

Micron Technology, Inc. generated $41.5B in revenue in Q3 2026. This represents an increase of 345.7% from the same quarter a year earlier. Against the prior quarter it is up 73.7%.

EBITDA

$35.7B

YoY+737.0%

QoQ+93.7%

5Y CAGR+74.4%

Micron Technology, Inc.'s EBITDA was $35.7B in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 737.0% from the same quarter a year earlier. Against the prior quarter it is up 93.7%.

Net Income

$28.2B

YoY+1398.3%

QoQ+104.9%

5Y CAGR+115.8%

10Y CAGR+50.6%

Micron Technology, Inc. reported $28.2B in net income in Q3 2026. This represents an increase of 1398.3% from the same quarter a year earlier. Against the prior quarter it is up 104.9%.

EPS (Diluted)

$24.67

YoY+1368.5%

QoQ+104.4%

5Y CAGR+115.6%

10Y CAGR+50.3%

Micron Technology, Inc. earned $24.67 per diluted share (EPS) in Q3 2026. This represents an increase of 1368.5% from the same quarter a year earlier. Against the prior quarter it is up 104.4%.

Cash & Balance Sheet

Free Cash Flow

$17.6B

YoY+951.0%

QoQ+218.4%

5Y CAGR+239.4%

Micron Technology, Inc. generated $17.6B in free cash flow in Q3 2026, representing cash available after capex. This represents an increase of 951.0% from the same quarter a year earlier. Against the prior quarter it is up 218.4%.

Cash & Debt

$25.0B

YoY+145.9%

QoQ+79.7%

5Y CAGR+30.9%

10Y CAGR+27.0%

Micron Technology, Inc. held $25.0B in cash against $5.1B in long-term debt as of Q3 2026.

Dividends Per Share

$0.15

YoY+30.4%

QoQ+30.4%

Micron Technology, Inc. paid $0.15 per share in dividends in Q3 2026. This represents an increase of 30.4% from the same quarter a year earlier. Against the prior quarter it is up 30.4%.

Shares Outstanding

1.13B

YoY+0.9%

QoQ+0.1%

5Y CAGR+0.1%

10Y CAGR+0.4%

Micron Technology, Inc. had 1.13B shares outstanding in Q3 2026. This represents an increase of 0.9% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.

Margins & Returns

Gross Margin

84.6%

YoY+46.8pp

QoQ+10.2pp

5Y change+58.1pp

10Y change+57.6pp

Micron Technology, Inc.'s gross margin was 84.6% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 46.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 10.2 percentage points.

Operating Margin

80.4%

YoY+57.0pp

QoQ+12.7pp

5Y change+69.7pp

10Y change+68.5pp

Micron Technology, Inc.'s operating margin was 80.4% in Q3 2026, reflecting core business profitability. This is up 57.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 12.7 percentage points.

Net Margin

68.1%

YoY+47.9pp

QoQ+10.4pp

5Y change+58.5pp

10Y change+55.0pp

Micron Technology, Inc.'s net profit margin was 68.1% in Q3 2026, showing the share of revenue converted to profit. This is up 47.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 10.4 percentage points.

Return on Equity

28.0%

YoY+24.3pp

QoQ+9.0pp

5Y change+26.6pp

10Y change+24.2pp

Micron Technology, Inc.'s ROE was 28.0% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is up 24.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 9.0 percentage points.

Capital Allocation

R&D Spending

$1.3B

YoY+36.4%

QoQ+5.3%

5Y CAGR+15.5%

Micron Technology, Inc. invested $1.3B in research and development in Q3 2026. This represents an increase of 36.4% from the same quarter a year earlier. Against the prior quarter it is up 5.3%.

Share Buybacks

QoQ-100.0%

Micron Technology, Inc. repurchased no shares in Q3 2026. Against the prior quarter it is down 100.0%.

Capital Expenditures

$7.8B

YoY+166.4%

QoQ+22.5%

5Y CAGR+21.0%

10Y CAGR+16.1%

Micron Technology, Inc. invested $7.8B in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 166.4% from the same quarter a year earlier. Against the prior quarter it is up 22.5%.

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	TTM	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	FY1110-K
Revenue	$90.3B	$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-6.3%	$8.8B
Cost of Revenue	$24.8B	$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+3.4%	$7.0B
Gross Profit	$65.5B	$14.9B+165.0%	$5.6B+496.4%	-$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-44.9%	$1.8B
R&D Expenses	$4.8B	$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+16.1%	$791.0M
SG&A Expenses	$1.4B	$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+4.7%	$592.0M
Operating Income	$59.2B	$9.8B+649.2%	$1.3B+122.7%	-$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%	$236.0M+138.6%	-$612.0M-180.4%	$761.0M
EBITDA	N/A	$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-44.9%	$2.9B
Interest Expense	$230.0M	$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+44.4%	$124.0M
Income Tax	$8.6B	$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%	$8.0M+147.1%	-$17.0M-108.4%	$203.0M
Net Income	$50.5B	$8.5B+997.6%	$778.0M+113.3%	-$5.8B-167.1%	$8.7B+48.2%	$5.9B+118.1%	$2.7B-57.4%	$6.3B-55.3%	$14.1B+177.8%	$5.1B+1943.8%	-$276.0M-109.5%	$2.9B-4.8%	$3.0B+155.9%	$1.2B+215.3%	-$1.0B-718.0%	$167.0M
EPS (Basic)	N/A	$7.65+992.9%	$0.70+113.1%	-$5.34-168.4%	$7.81+49.3%	$5.23+116.1%	$2.42-57.3%	$5.67-53.8%	$12.27+162.7%	$4.67+1829.6%	-$0.27-110.0%	$2.71-5.6%	$2.87+147.4%	$1.16+211.5%	-$1.04-711.8%	$0.17
EPS (Diluted)	$44.18	$7.59+984.3%	$0.70+113.1%	-$5.34-168.9%	$7.75+50.8%	$5.14+116.9%	$2.37-57.0%	$5.51-52.1%	$11.51+161.0%	$4.41+1733.3%	-$0.27-110.9%	$2.47-2.8%	$2.54+124.8%	$1.13+208.7%	-$1.04-711.8%	$0.17
Diluted Shares (Avg)	N/A	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-1.6%	1.01B

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Revenue	$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%	$7.8B+106.6%
Cost of Revenue	$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%	$5.0B+13.4%
Gross Profit	$35.1B+899.3%	$17.8B+499.2%	$7.6B+128.4%	$5.1B+84.7%	$3.5B+91.5%	$3.0B+174.6%	$3.3B+9665.7%	$2.7B+509.7%
R&D Expenses	$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%	$903.0M+19.1%
SG&A Expenses	$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%	$295.0M+34.7%
Operating Income	$33.3B+1436.1%	$16.1B+810.0%	$6.1B+182.2%	$3.7B+140.1%	$2.2B+201.7%	$1.8B+828.3%	$2.2B+292.7%	$1.5B+186.4%
EBITDA	$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%	$3.5B+1699.0%
Interest Expense	$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%	$136.0M+14.3%
Income Tax	$5.0B+2018.3%	$2.4B+1239.5%	$829.0M+192.9%	$429.0M-31.1%	$235.0M-37.7%	$177.0M+128.5%	$283.0M+287.7%	$623.0M+348.2%
Net Income	$28.2B+1398.3%	$13.8B+770.8%	$5.2B+180.2%	$3.2B+260.9%	$1.9B+467.8%	$1.6B+99.6%	$1.9B+251.5%	$887.0M+146.8%
EPS (Basic)	$25.03+1381.1%	$12.25+762.7%	$4.66+177.4%	$2.86+257.5%	$1.69+463.3%	$1.42+97.2%	$1.68+250.0%	$0.80+146.2%
EPS (Diluted)	$24.67+1368.5%	$12.07+756.0%	$4.60+175.4%	$2.84+255.0%	$1.68+460.0%	$1.41+98.6%	$1.67+249.1%	$0.80+146.2%
Diluted Shares (Avg)	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%	N/A

MU Balance Sheet

MU quarterly balance sheet

Metric	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	FY1110-K
Total Assets	$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-2.9%	$14.8B
Current Assets	$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-1.3%	$5.8B
Cash & Equivalents	$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+13.8%	$2.2B
Short-Term Investments	$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	$0
Inventory	$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-12.9%	$2.1B
Accounts Receivable	$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-15.6%	$1.1B
Long-Term Investments	$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+619.2%	$52.0M
Goodwill	$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	N/A
Total Liabilities	$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+20.6%	$4.9B
Current Liabilities	$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-9.6%	$2.5B
Non-Current Liabilities	$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+51.6%	$2.4B
Long-Term Debt	$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+63.2%	$1.9B
Total Equity	$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-9.1%	$8.5B
Retained Earnings	$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%	$2.7B+1387.3%	-$212.0M+84.9%	-$1.4B-278.9%	-$370.0M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$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%	$69.4B+5.7%
Current Assets	$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%	$24.4B+12.1%
Cash & Equivalents	$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%	$7.0B-24.3%
Short-Term Investments	$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%	$1.1B+1.0%
Inventory	$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%	$8.9B+7.7%
Accounts Receivable	$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%	$5.4B+165.4%
Long-Term Investments	$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%	$1.0B+7.5%
Goodwill	$1.1B0.0%	$1.1B0.0%	$1.1B0.0%	$1.1B0.0%	$1.1B0.0%	$1.1B0.0%	$1.1B0.0%	$1.1B-8.1%
Total Liabilities	$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%	$24.3B+19.8%
Current Liabilities	$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%	$9.2B+81.2%
Non-Current Liabilities	$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%	$15.0B-0.9%
Long-Term Debt	$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%	$13.0B-0.2%
Total Equity	$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%	$45.1B-0.6%
Retained Earnings	$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%	$40.9B-3.6%

MU Cash Flow Statement

MU quarterly cash flow statement

Metric	TTM	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	FY1110-K
Operating Cash Flow	$51.4B	$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-14.9%	$2.5B
Depreciation & Amortization	N/A	$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+2.8%	$2.2B
Stock-Based Compensation	N/A	$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+14.5%	$76.0M
Capital Expenditures	$25.3B	$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-33.4%	$2.5B
Free Cash Flow	$26.2B	$1.7B+1278.5%	$121.0M+102.0%	-$6.1B-296.4%	$3.1B+27.7%	$2.4B+2837.3%	$83.0M-97.6%	$3.4B-60.0%	$8.5B+149.2%	$3.4B+229.1%	-$2.6B-323.2%	$1.2B-54.2%	$2.6B+602.4%	$369.0M-11.1%	$415.0M+728.8%	-$66.0M
Investing Cash Flow	-$24.9B	-$14.1B-69.5%	-$8.3B-34.2%	-$6.2B+46.6%	-$11.6B-9.4%	-$10.6B-39.5%	-$7.6B+24.7%	-$10.1B-22.7%	-$8.2B-9.0%	-$7.5B-147.6%	-$3.0B+51.0%	-$6.2B	N/A	N/A	-$2.3B-13.2%	-$2.0B
Financing Cash Flow	-$11.7B	-$850.0M+53.9%	-$1.8B-137.0%	$5.0B+267.2%	-$3.0B-67.3%	-$1.8B-461.8%	-$317.0M+87.0%	-$2.4B+68.6%	-$7.8B-2328.1%	$349.0M-80.0%	$1.7B+343.0%	-$718.0M	N/A	N/A	$497.0M+141.6%	-$1.2B
Dividends Paid	$567.0M	$522.0M+1.8%	$513.0M+1.8%	$504.0M+9.3%	$461.0M	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$650.0M	$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-96.3%	$163.0M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	$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%	$3.4B+14087.5%
Depreciation & Amortization	$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%	$2.0B+1.5%
Stock-Based Compensation	$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%	N/A
Capital Expenditures	$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%	$3.1B+99.9%
Free Cash Flow	$17.6B+951.0%	$5.5B+4981.4%	$3.0B+7852.6%	$72.0M-74.7%	$1.7B+322.0%	-$113.0M+31.5%	$38.0M+109.6%	$285.0M+118.5%
Investing Cash Flow	-$9.6B-269.6%	-$5.5B-75.3%	-$4.6B-45.9%	-$5.2B-44.5%	-$2.6B-29.3%	-$3.2B-173.8%	-$3.1B-102.1%	-$3.6B-204.9%
Financing Cash Flow	-$4.7B-976.7%	-$2.2B-2357.3%	-$3.7B-787.4%	-$1.1B-124.5%	$540.0M+159.3%	$96.0M+190.6%	-$422.0M-19.9%	-$474.0M-171.7%
Dividends Paid	$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%	$129.0M+2.4%
Share Buybacks	$0	$350.0M	$300.0M	$0-100.0%	$0	$0	$0	$300.0M

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	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	FY1110-K
Gross Margin	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%-8.2pp	20.0%
Operating Margin	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%-16.1pp	8.7%
Net Margin	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%-14.4pp	1.9%
Return on Equity	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%-15.4pp	2.0%
Return on Assets	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%-8.3pp	1.1%
Current Ratio	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+0.2x	2.35
Debt-to-Equity	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+0.2x	0.22
Asset Turnover	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	0.570.0x	0.60
FCF Margin	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%+5.8pp	-0.8%

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Gross Margin	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	35.3%+53.1pp
Operating Margin	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	19.6%+66.6pp
Net Margin	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	11.5%+62.0pp
Return on Equity	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	2.0%+6.2pp
Return on Assets	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	1.3%+4.2pp
Current Ratio	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	2.64-1.6x
Debt-to-Equity	0.05-0.2x	0.13-0.2x	0.19-0.1x	0.260.0x	0.300.0x	0.280.0x	0.280.0x	0.290.0x
Asset Turnover	0.31+0.2x	0.24+0.1x	0.160.0x	0.140.0x	0.120.0x	0.110.0x	0.120.0x	0.11+0.1x
FCF Margin	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	3.7%+44.6pp

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	FY2025	$37.4B	$8.5B	22.8%	$1.1T	57/100
Qualcomm Inc QCOM	FY2025	$44.3B	$5.5B	12.5%	$188.9B	78/100
Texas Instrument TXN	FY2025	$17.7B	$5.0B	28.3%	$236.4B	68/100
Arm Holdings ARM	FY2026	$4.9B	$904.0M	18.4%	$271.5B	77/100
Intel Corp INTC	FY2025	$52.9B	-$267.0M	-0.5%	$530.3B	25/100
Analog Devices ADI	FY2025	$11.0B	$2.3B	20.6%	$175.0B	61/100

Where Micron Technology, Inc. Ranks

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 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 $14.0B 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 0.26 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 P/E ratio?

Micron Technology, Inc. (MU) trades at 21.8x earnings, its market capitalization divided by net income of $50.5B net income, trailing 12 months to May 28, 2026. The market capitalization is $1.1T as of Sep 11, 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 12.2x sales, its market capitalization divided by revenue of $90.3B revenue, trailing 12 months to May 28, 2026. The market capitalization is $1.1T as of Sep 11, 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 25.00, 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 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 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 20.48x, 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 57 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite 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.