In Q4 of fiscal 2026, the quarter ended Sep 3, 2026, Micron Technology, Inc. reported revenue of $54.2 billion, up 379.3% from the same quarter a year earlier. Net income was $37.7 billion, a profit margin of 69.5%. Operating income came to $43.8 billion, an operating margin of 80.7%. Diluted earnings per share were $32.90.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the same quarter a year earlier.
| Line |
Q4 FY2026
Sep 3, 2026
|
Q3 FY2026
May 28, 2026
|
Q2 FY2026
Feb 26, 2026
|
Q1 FY2026
Nov 27, 2025
|
Q4 FY2025
Aug 28, 2025
|
Q3 FY2025
May 29, 2025
|
Q2 FY2025
Feb 27, 2025
|
Q1 FY2025
Nov 28, 2024
|
|---|---|---|---|---|---|---|---|---|
| Revenue |
54,229
+379.3%
|
41,456
+345.7%
|
23,860
+196.3%
|
13,643
+56.7%
|
11,315
+46.0%
|
9,301
+36.6%
|
8,053
+38.3%
|
8,709
+84.3%
|
| Cost of revenue |
7,182
+14.7%
|
6,400
+10.5%
|
6,105
+19.9%
|
5,997
+11.9%
|
6,261
+24.9%
|
5,793
+16.3%
|
5,090
+7.3%
|
5,361
+12.6%
|
| Gross profit |
47,047
+830.9%
|
35,056
+899.3%
|
17,755
+499.2%
|
7,646
+128.4%
|
5,054
+84.7%
|
3,508
+91.5%
|
2,963
+174.6%
|
3,348
+9665.7%
|
| Research and development |
1,913
+82.7%
|
1,316
+36.4%
|
1,250
+39.2%
|
1,171
+31.9%
|
1,047
+15.9%
|
965
+13.5%
|
898
+7.9%
|
888
+5.1%
|
| Selling, general and administrative |
859
+173.6%
|
407
+28.0%
|
344
+20.7%
|
337
+17.0%
|
314
+6.4%
|
318
+9.3%
|
285
+1.8%
|
288
+9.5%
|
| Other operating income (expense) |
-524
-1243.6%
|
-15
+73.2%
|
-26
-271.4%
|
-2
-200.0%
|
-39
-129.4%
|
-56
-300.0%
|
-7
-103.1%
|
2
-86.7%
|
| Operating expenses |
3,296
+135.4%
|
1,738
+29.8%
|
1,620
+36.1%
|
1,510
+28.6%
|
1,400
+15.2%
|
1,339
+20.3%
|
1,190
+34.0%
|
1,174
+7.4%
|
| Operating income |
43,751
+1097.3%
|
33,318
+1436.1%
|
16,135
+810.0%
|
6,136
+182.2%
|
3,654
+140.1%
|
2,169
+201.7%
|
1,773
+828.3%
|
2,174
+292.7%
|
| Interest income |
575
+293.8%
|
215
+59.3%
|
155
+43.5%
|
139
+29.9%
|
146
+11.5%
|
135
-0.7%
|
108
-16.9%
|
107
-18.9%
|
| Interest expense |
0
-100.0%
|
0
-100.0%
|
32
-71.4%
|
74
-37.3%
|
124
|
123
|
112
|
118
|
| Other non-operating income (expense) |
-88
-95.6%
|
-321
-372.1%
|
-98
-790.9%
|
-140
-1172.7%
|
-45
-542.9%
|
-68
-780.0%
|
-11
-57.1%
|
-11
+59.3%
|
| Pretax income |
44,238
+1118.3%
|
33,212
+1471.8%
|
16,160
+819.2%
|
6,061
+181.6%
|
3,631
+140.5%
|
2,113
+195.5%
|
1,758
+934.1%
|
2,152
+286.3%
|
| Equity in earnings of affiliates |
46
+4700.0%
|
9
+28.6%
|
-4
-300.0%
|
8
+700.0%
|
-1
|
7
+216.7%
|
2
+100.0%
|
1
+116.7%
|
| Income tax |
6,583
+1434.5%
|
4,978
+2018.3%
|
2,371
+1239.5%
|
829
+192.9%
|
429
-31.1%
|
235
-37.7%
|
177
+128.5%
|
283
+287.7%
|
| Net income |
37,701
+1077.8%
|
28,243
+1398.3%
|
13,785
+770.8%
|
5,240
+180.2%
|
3,201
+260.9%
|
1,885
+467.8%
|
1,583
+99.6%
|
1,870
+251.5%
|
| Basic EPS |
33.37
+1069.7%
|
25.03
+1381.1%
|
12.25
+762.7%
|
4.66
+177.4%
|
2.85
+256.4%
|
1.69
+463.3%
|
1.42
+97.2%
|
1.68
+250.0%
|
| Diluted EPS |
32.90
+1062.6%
|
24.67
+1368.5%
|
12.07
+756.0%
|
4.60
+175.4%
|
2.83
+270.1%
|
1.68
+460.0%
|
1.41
+98.6%
|
1.67
+249.1%
|
| Weighted average shares, basic |
1,130
+0.7%
|
1,128
+0.9%
|
1,126
+1.0%
|
1,125
+1.3%
|
1,122
+1.3%
|
1,118
+1.0%
|
1,115
+1.0%
|
1,111
+1.0%
|
| Weighted average shares, diluted |
1,146
+1.3%
|
1,145
+1.8%
|
1,142
+1.7%
|
1,138
+1.4%
|
1,131
-2.5%
|
1,125
+0.2%
|
1,123
+0.8%
|
1,122
+2.0%
|
| Other measures | ||||||||
| Depreciation and amortization |
2,641
+22.9%
|
2,364
+12.9%
|
2,286
+10.0%
|
2,212
+9.0%
|
2,149
+8.2%
|
2,094
+7.1%
|
2,079
+8.1%
|
2,030
+6.0%
|
| EBITDA |
46,392
+699.4%
|
35,682
+737.0%
|
18,421
+378.2%
|
8,348
+98.6%
|
5,803
+65.4%
|
4,263
+59.4%
|
3,852
+82.1%
|
4,204
+434.2%
|
| Interest coverage |
—
|
—
|
504.22x
|
82.92x
|
29.47x
|
17.63x
|
15.83x
|
18.42x
|
| Margins | ||||||||
| Gross margin |
86.76%
|
84.56%
|
74.41%
|
56.04%
|
44.67%
|
37.72%
|
36.79%
|
38.44%
|
| Operating margin |
80.68%
|
80.37%
|
67.62%
|
44.98%
|
32.29%
|
23.32%
|
22.02%
|
24.96%
|
| Pretax margin |
81.58%
|
80.11%
|
67.73%
|
44.43%
|
32.09%
|
22.72%
|
21.83%
|
24.71%
|
| Profit margin |
69.52%
|
68.13%
|
57.77%
|
38.41%
|
28.29%
|
20.27%
|
19.66%
|
21.47%
|
| EBITDA margin |
85.55%
|
86.07%
|
77.20%
|
61.19%
|
51.29%
|
45.83%
|
47.83%
|
48.27%
|
| Effective tax rate |
14.88%
|
14.99%
|
14.67%
|
13.68%
|
11.81%
|
11.12%
|
10.07%
|
13.15%
|
How these figures are calculated
Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. 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
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Source: SEC EDGAR filings. This is company-reported data, not investment advice.