Micron Technology, Inc. income statement MU

Annual Quarterly

In fiscal 2026, which ended Sep 3, 2026, Micron Technology, Inc. reported revenue of $133.2 billion, up 256.3% from the year before. Net income was $85.0 billion, a profit margin of 63.8%. Operating income came to $99.3 billion, an operating margin of 74.6%. Diluted earnings per share were $74.33. Across the 10 fiscal years shown, revenue grew from $20.3 billion in fiscal 2017 to $133.2 billion in fiscal 2026, about 23.2% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line	FY 2026 Sep 3, 2026	FY 2025 Aug 28, 2025	FY 2024 Aug 29, 2024	FY 2023 Aug 31, 2023	FY 2022 Sep 1, 2022	FY 2021 Sep 2, 2021	FY 2020 Sep 3, 2020	FY 2019 Aug 29, 2019	FY 2018 Aug 30, 2018	FY 2017 Aug 31, 2017
Revenue	133,188 +256.3%	37,378 +48.9%	25,111 +61.6%	15,540 -49.5%	30,758 +11.0%	27,705 +29.3%	21,435 -8.4%	23,406 -23.0%	30,391 +49.5%	20,322 +63.9%
Cost of revenue	25,684 +14.1%	22,505 +15.4%	19,498 +15.0%	16,956 +0.6%	16,860 -2.4%	17,282 +16.1%	14,883 +17.2%	12,704 +1.6%	12,500 +5.2%	11,886 +20.1%
Gross profit	107,504 +622.8%	14,873 +165.0%	5,613 +496.4%	-1,416 -110.2%	13,898 +33.3%	10,423 +59.1%	6,552 -38.8%	10,702 -40.2%	17,891 +112.1%	8,436 +236.8%
Research and development	5,650 +48.8%	3,798 +10.7%	3,430 +10.1%	3,114 -0.1%	3,116 +17.0%	2,663 +2.4%	2,600 +6.5%	2,441 +14.0%	2,141 +17.4%	1,824 +12.8%
Selling, general and administrative	1,947 +61.6%	1,205 +6.7%	1,129 +22.7%	920 -13.7%	1,066 +19.2%	894 +1.5%	881 +5.4%	836 +2.8%	813 +9.4%	743 +12.7%
Other operating income (expense)	-567 -467.0%	-100 -140.0%	250 +301.6%	-124 -464.7%	34 +135.8%	-95 -1087.5%	-8 +89.7%	-78 -236.8%	57 +5800.0%	-1 +98.4%
Operating expenses	8,164	5,103 +18.4%	4,309 -0.5%	—	—	—	—	—	2,897	2,568
Operating income	99,340 +916.8%	9,770 +649.2%	1,304 +122.7%	-5,745 -159.2%	9,702 +54.4%	6,283 +109.2%	3,003 -59.3%	7,376 -50.8%	14,994 +155.5%	5,868 +3392.9%
Interest income	1,084 +118.5%	496 -6.2%	529 +13.0%	468 +387.5%	96 +159.5%	37 -67.5%	114 -44.4%	205 +70.8%	120 +192.7%	41 -2.4%
Interest expense	106 -77.8%	477 -15.1%	562	—	—	—	—	—	—	—
Other non-operating income (expense)	-647 -379.3%	-135 -335.5%	-31 -542.9%	7 +118.4%	-38 -146.9%	81 +35.0%	60 +114.8%	-405 +12.9%	-465 -315.2%	-112 -107.4%
Pretax income	99,671 +932.4%	9,654 +678.5%	1,240 +121.9%	-5,658 -159.1%	9,571 +53.9%	6,218 +108.4%	2,983 -57.7%	7,048 -50.7%	14,307 +175.3%	5,196 +1949.1%
Equity in earnings of affiliates	59 +555.6%	9 +181.8%	-11 -650.0%	2 -50.0%	4 -89.2%	37 +428.6%	7 +133.3%	3 +400.0%	-1 -112.5%	8 -68.0%
Income tax	14,761 +1213.3%	1,124 +149.2%	451 +154.8%	177 -80.1%	888 +125.4%	394 +40.7%	280 -59.6%	693 +312.5%	168 +47.4%	114 +500.0%
Net income	84,969 +895.1%	8,539 +997.6%	778 +113.3%	-5,833 -167.1%	8,687 +48.2%	5,861 +118.1%	2,687 -57.4%	6,313 -55.3%	14,135 +177.8%	5,089 +1943.8%
Basic EPS	75.38 +885.4%	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%
Diluted EPS	74.33 +879.3%	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%
Weighted average shares, basic	1,127 +1.0%	1,116 +1.0%	1,105 +1.1%	1,093 -1.7%	1,112 -0.7%	1,120 +0.9%	1,110 -0.4%	1,114 -3.3%	1,152 +5.8%	1,089 +5.1%
Weighted average shares, diluted	1,143 +1.6%	1,125 +0.6%	1,118 +2.3%	1,093 -2.6%	1,122 -1.7%	1,141 +0.9%	1,131 -1.0%	1,143 -7.0%	1,229 +6.5%	1,154 +11.4%
Other measures
Depreciation and amortization	9,503 +13.8%	8,352 +7.4%	7,780 +0.3%	7,756 +9.0%	7,116 +14.5%	6,214 +10.0%	5,650 +4.2%	5,424 +14.0%	4,759	—
EBITDA	108,843 +500.6%	18,122 +99.5%	9,084 +351.7%	2,011 -88.0%	16,818 +34.6%	12,497 +44.4%	8,653 -32.4%	12,800 -35.2%	19,753	—
Interest coverage	937.17x	20.48x	2.32x	—	—	—	—	—	—	—
Margins
Gross margin	80.72%	39.79%	22.35%	-9.11%	45.18%	37.62%	30.57%	45.72%	58.87%	41.51%
Operating margin	74.59%	26.14%	5.19%	-36.97%	31.54%	22.68%	14.01%	31.51%	49.34%	28.88%
Pretax margin	74.83%	25.83%	4.94%	-36.41%	31.12%	22.44%	13.92%	30.11%	47.08%	25.57%
Profit margin	63.80%	22.84%	3.10%	-37.54%	28.24%	21.16%	12.54%	26.97%	46.51%	25.04%
EBITDA margin	81.72%	48.48%	36.18%	12.94%	54.68%	45.11%	40.37%	54.69%	65.00%	—
Effective tax rate	14.81%	11.64%	36.37%	—	9.28%	6.34%	9.39%	9.83%	1.17%	2.19%

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.

New to this? Read How to Read an Income Statement, With a Real Example.

Company profile

Industry: Semiconductors & Related Devices (SIC 3674)
Listed as: MU (Nasdaq)
Fiscal year ends: September 2
Incorporated in: DE
Headquarters: Boise, ID
SEC filer status: Large accelerated filer
SEC CIK: 723125

Other Semiconductors & Related Devices companies

All 112 Semiconductors & Related Devices companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.