← Micron Technology, Inc. (MU)

Micron Technology, Inc. (MU) Financials

Q3 FY2026, built from SEC filings. Accession numbers are cited throughout so every figure can be checked against sec.gov. The same data is published as JSON at financials.json for agents that prefer to fetch it directly.

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About this file

TickerMU
CIK0000723125
CompanyMicron Technology, Inc.
Business typeindustrial
Schema templateStandard industrial/technology template, extended for a memory semiconductor manufacturer: capital intensity (capital expenditures, depreciation and amortization), inventories, receivables, total debt versus cash and investments, and revenue and operating income by business unit, so the DRAM/NAND cycle is legible.
Reporting currencyUSD
Converted to USDno
Unitsactual dollars (not millions); per-share figures in actual dollars; share counts in actual shares
Fiscal calendarFiscal year is the 52- or 53-week period ending on the Thursday closest to August 31. Fiscal 2023, 2024 and 2025 each contained 52 weeks. Fiscal 2026 contains 53 weeks: the third quarter of 2026 contains 13 weeks and the fourth quarter of 2026 contains 14 weeks.

Annual

FY2025FY2024FY2023
Fiscal year202520242023
Period end2025-08-282024-08-292023-08-31
Weeks in period525252
Source accession0000723125-25-0000280000723125-25-0000280000723125-25-000028
Source form10-K10-K10-K
Income statement
Revenue37,378,000,00025,111,000,00015,540,000,000
Cost of goods sold22,505,000,00019,498,000,00016,956,000,000
Gross margin14,873,000,0005,613,000,000-1,416,000,000
Gross margin %39.8%22.4%-9.1%
Research and development3,798,000,0003,430,000,0003,114,000,000
Selling general and administrative1,205,000,0001,129,000,000920,000,000
Restructure and asset impairments39,000,0001,000,000171,000,000
Other operating expense net61,000,000-251,000,000124,000,000
Operating income9,770,000,0001,304,000,000-5,745,000,000
Interest income496,000,000529,000,000468,000,000
Interest expense-477,000,000-562,000,000-388,000,000
Other non operating income expense net-135,000,000-31,000,0007,000,000
Pretax income9,654,000,0001,240,000,000-5,658,000,000
Income tax provision-1,124,000,000-451,000,000-177,000,000
Equity in net income of equity method investees9,000,000-11,000,0002,000,000
Net income8,539,000,000778,000,000-5,833,000,000
Basic EPS7.650.7-5.34
Diluted EPS7.590.7-5.34
Basic shares1,116,000,0001,105,000,0001,093,000,000
Diluted shares1,125,000,0001,118,000,0001,093,000,000
Balance sheet
Cash and cash equivalents9,642,000,0007,041,000,000n/a
Short term investments665,000,0001,065,000,000
Long term marketable investments1,629,000,0001,046,000,000
Cash and investments total11,936,000,0009,152,000,000
Receivables9,265,000,0006,615,000,000
Inventories8,355,000,0008,875,000,000
Total current assets28,841,000,00024,372,000,000
Property plant and equipment net46,590,000,00039,749,000,000
Goodwill1,150,000,0001,150,000,000
Total assets82,798,000,00069,416,000,000n/a
Accounts payable and accrued expenses9,649,000,0007,299,000,000
Current debt560,000,000431,000,000
Total current liabilities11,454,000,0009,248,000,000
Long term debt14,017,000,00012,966,000,000
Total debt14,577,000,00013,397,000,000n/a
Total liabilities28,633,000,00024,285,000,000
Total equity54,165,000,00045,131,000,00044,120,000,000
Net cash debt position-2,641,000,000-4,245,000,000
Shares issued1,266,000,0001,253,000,0001,239,000,000
Shares outstanding1,122,000,0001,109,000,000
NoteThe FY2025 10-K presents only two balance sheet dates (August 28, 2025 and August 29, 2024), so no full FY2023 balance sheet is available from it. Total equity and shares issued as of August 31, 2023 come from the same 10-K's consolidated statements of changes in equity, which covers three years.
Cash flow
Net income8,539,000,000778,000,000-5,833,000,000
Depreciation and amortization8,352,000,0007,780,000,0007,756,000,000
Stock based compensation972,000,000833,000,000596,000,000
Operating cash flow17,525,000,0008,507,000,0001,559,000,000
Capex15,857,000,0008,386,000,0007,676,000,000
Free cash flow1,668,000,000121,000,000-6,117,000,000
Proceeds from government incentives2,005,000,000315,000,000710,000,000
Investing cash flow-14,087,000,000-8,309,000,000-6,191,000,000
Financing cash flow-850,000,000-1,842,000,0004,983,000,000
Dividends paid522,000,000513,000,000504,000,000
Share repurchases program0300,000,000425,000,000
Proceeds from issuance of debt4,430,000,000999,000,0006,716,000,000
Repayments of debt4,619,000,0001,897,000,000761,000,000
Inventory write down to net realizable value1,831,000,000
Goodwill impairment101,000,000
Per share
Dividends declared per share0.460.460.46
Segment revenue
CMBU cloud memory13,524,000,0003,792,000,0001,872,000,000
CDBU core data center7,229,000,0004,984,000,0002,124,000,000
MCBU mobile and client11,859,000,00011,667,000,0007,394,000,000
AEBU automotive and embedded4,753,000,0004,631,000,0004,139,000,000
All other13,000,00037,000,00011,000,000
Total37,378,000,00025,111,000,00015,540,000,000
Segment operating income
CMBU cloud memory6,129,000,000244,000,000-768,000,000
CDBU core data center2,180,000,000255,000,000-563,000,000
MCBU mobile and client1,981,000,000-1,000,000-3,189,000,000
AEBU automotive and embedded557,000,000432,000,000680,000,000
All other-1,000,00018,000,0008,000,000
Unallocated-1,076,000,000356,000,000-1,913,000,000
Total9,770,000,0001,304,000,000-5,745,000,000
Segment gross margin
CMBU cloud memory7,657,000,0001,115,000,00071,000,000
CDBU core data center3,234,000,0001,346,000,000157,000,000
MCBU mobile and client3,209,000,0001,445,000,000-1,678,000,000
AEBU automotive and embedded1,187,000,0001,033,000,0001,234,000,000
All other-1,000,00017,000,0007,000,000
Unallocated-413,000,000657,000,000-1,207,000,000
Total14,873,000,0005,613,000,000-1,416,000,000
Product revenue by technology
Dram28,578,000,00017,603,000,00010,978,000,000
Nand8,503,000,0007,227,000,0004,206,000,000
Other primarily nor297,000,000281,000,000356,000,000
Total37,378,000,00025,111,000,00015,540,000,000
SourceFY2025 10-K (accession 0000723125-25-000028), Note 21 Revenue and Customer Contract Liabilities, Revenue by TechnologyFY2025 10-K (accession 0000723125-25-000028), Note 21 Revenue and Customer Contract Liabilities, Revenue by TechnologyFY2025 10-K (accession 0000723125-25-000028), Note 21 Revenue and Customer Contract Liabilities, Revenue by Technology

Quarterly

Q3 FY2026Q2 FY2026Q1 FY2026Q3 FY2025 (prior-year comparative)
LabelQ3 FY2026Q2 FY2026Q1 FY2026Q3 FY2025 (prior-year comparative)
Period start2026-02-272025-11-282025-08-292025-02-28
Period end2026-05-282026-02-262025-11-272025-05-29
Weeks in period1313
Source accession0000723125-26-0000150000723125-26-0000150000723125-26-0000150000723125-26-000015
Source form10-Q10-Q10-Q10-Q
Income statement
Revenue41,456,000,00023,860,000,00013,643,000,0009,301,000,000
Cost of goods sold6,400,000,0006,105,000,0005,793,000,000
Gross margin35,056,000,00017,755,000,0003,508,000,000
Gross margin %84.6%74.4%37.7%
Research and development1,316,000,0001,250,000,000965,000,000
Selling general and administrative407,000,000344,000,000318,000,000
Other operating expense net15,000,00026,000,00056,000,000
Operating income33,318,000,00016,135,000,0006,136,000,0002,169,000,000
Operating margin %80.4%67.6%23.3%
Interest income215,000,000135,000,000
Interest expense0-123,000,000
Other non operating income expense net-321,000,000-98,000,000-68,000,000
Pretax income33,212,000,0002,113,000,000
Income tax provision-4,978,000,000-2,371,000,000-235,000,000
Equity in net income of equity method investees9,000,000-4,000,0007,000,000
Net income28,243,000,00013,785,000,0005,240,000,0001,885,000,000
Basic EPS25.031.69
Diluted EPS24.671.68
Basic shares1,128,000,0001,118,000,000
Diluted shares1,145,000,0001,125,000,000
Balance sheet
As of2026-05-28
Cash and cash equivalents24,995,000,000
Short term investments1,027,000,000
Long term marketable investments4,106,000,000
Cash and investments total30,128,000,000
Receivables31,025,000,000
Inventories8,567,000,000
Total current assets66,737,000,000
Property plant and equipment net56,426,000,000
Goodwill1,150,000,000
Total assets134,112,000,000
Accounts payable and accrued expenses15,521,000,000
Current debt582,000,000
Total current liabilities19,488,000,000
Long term debt5,140,000,000
Total debt5,722,000,000
Total liabilities33,388,000,000
Total equity100,724,000,000
Net cash debt position24,406,000,000
Shares issued1,275,000,000
Shares outstanding1,129,000,000
Per share
Dividends declared per share0.150.1150.1150.115
Segment revenue
CMBU cloud memory13,769,000,0007,749,000,0003,386,000,000
CDBU core data center11,524,000,0005,687,000,0001,530,000,000
MCBU mobile and client11,521,000,0007,711,000,0003,255,000,000
AEBU automotive and embedded4,634,000,0002,708,000,0001,127,000,000
All other8,000,0005,000,0003,000,000
Total41,456,000,00023,860,000,0009,301,000,000
Segment operating income
CMBU cloud memory10,793,000,0005,127,000,0001,573,000,000
CDBU core data center9,519,000,0003,809,000,000307,000,000
MCBU mobile and client9,873,000,0005,836,000,000482,000,000
AEBU automotive and embedded3,493,000,0001,682,000,000126,000,000
All other3,000,0001,000,0002,000,000
Unallocated-363,000,000-320,000,000-321,000,000
Total33,318,000,00016,135,000,0002,169,000,000
Segment gross margin
CMBU cloud memory11,491,000,000
CDBU core data center9,987,000,000
MCBU mobile and client10,058,000,000
AEBU automotive and embedded3,659,000,000
All other4,000,000
Unallocated-143,000,000
Total35,056,000,000
Product revenue by technology
Dram31,328,000,0007,071,000,000
Nand9,943,000,0002,155,000,000
Other primarily nor185,000,00075,000,000
Total41,456,000,0009,301,000,000
SourceQ3 FY2026 10-Q (accession 0000723125-26-000015), Note 14 Revenue and Customer Contract Liabilities, Revenue by TechnologyQ3 FY2026 10-Q (accession 0000723125-26-000015), Note 14 Revenue and Customer Contract Liabilities, Revenue by Technology
Other
Depreciation and amortization in operating income2,364,000,0002,094,000,000
NoteThe second quarter of fiscal 2026 is presented as a comparative column in the Q3 FY2026 10-Q's Management's Discussion and Analysis (consolidated results, revenue by business unit and operating income by business unit). The 10-Q's audited-style statements themselves show only the quarter and nine months, so no separate Q2 balance sheet or cash flow is repeated here.Not shown as its own column in the Q3 FY2026 10-Q. These figures are the arithmetic difference between the nine months ended May 28, 2026 and the second and third quarters of fiscal 2026, both of which the same 10-Q reports. They agree with the amounts in the SEC's XBRL company facts for the first quarter of fiscal 2026.
Derivedyes

Year to date

Nine months ended May 28, 2026 (FY2026 YTD)Nine months ended May 29, 2025 (FY2025 YTD, prior-year comparative)
LabelNine months ended May 28, 2026 (FY2026 YTD)Nine months ended May 29, 2025 (FY2025 YTD, prior-year comparative)
Period start2025-08-292024-08-30
Period end2026-05-282025-05-29
Source accession0000723125-26-0000150000723125-26-000015
Source form10-Q10-Q
Income statement
Revenue78,959,000,00026,063,000,000
Cost of goods sold18,502,000,00016,244,000,000
Gross margin60,457,000,0009,819,000,000
Gross margin %76.6%37.7%
Research and development3,737,000,0002,751,000,000
Selling general and administrative1,088,000,000891,000,000
Other operating expense net43,000,00061,000,000
Operating income55,589,000,0006,116,000,000
Operating margin %70.4%23.5%
Interest income509,000,000350,000,000
Interest expense-106,000,000-353,000,000
Other non operating income expense net-559,000,000-90,000,000
Pretax income55,433,000,0006,023,000,000
Income tax provision-8,178,000,000-695,000,000
Equity in net income of equity method investees13,000,00010,000,000
Net income47,268,000,0005,338,000,000
Basic EPS41.974.79
Diluted EPS41.44.75
Basic shares1,126,000,0001,114,000,000
Diluted shares1,142,000,0001,123,000,000
Cash flow
Net income47,268,000,0005,338,000,000
Depreciation and amortization6,862,000,0006,203,000,000
Stock based compensation954,000,000722,000,000
Change in receivables-19,953,000,000
Operating cash flow45,702,000,00011,795,000,000
Capex19,602,000,00010,199,000,000
Free cash flow26,100,000,0001,596,000,000
Proceeds from government incentives2,989,000,0001,294,000,000
Investing cash flow-19,688,000,000-8,889,000,000
Financing cash flow-10,646,000,000214,000,000
Dividends paid437,000,000392,000,000
Share repurchases program650,000,0000
Proceeds from issuance of debt04,430,000,000
Repayments of debt9,380,000,0003,604,000,000
Per share
Dividends declared per share0.380.345
Segment revenue
CMBU cloud memory26,802,000,0008,981,000,000
CDBU core data center19,590,000,0005,652,000,000
MCBU mobile and client23,487,000,0008,099,000,000
AEBU automotive and embedded9,062,000,0003,319,000,000
All other18,000,00012,000,000
Total78,959,000,00026,063,000,000
Segment operating income
CMBU cloud memory18,804,000,0003,959,000,000
CDBU core data center14,218,000,0001,789,000,000
MCBU mobile and client17,726,000,000877,000,000
AEBU automotive and embedded5,802,000,000265,000,000
All other5,000,0001,000,000
Unallocated-966,000,000-775,000,000
Total55,589,000,0006,116,000,000
Product revenue by technology
Dram60,908,000,00019,594,000,000
Nand17,683,000,0006,251,000,000
Other primarily nor368,000,000218,000,000
Total78,959,000,00026,063,000,000
SourceQ3 FY2026 10-Q (accession 0000723125-26-000015), Note 14 Revenue and Customer Contract Liabilities, Revenue by TechnologyQ3 FY2026 10-Q (accession 0000723125-26-000015), Note 14 Revenue and Customer Contract Liabilities, Revenue by Technology
Other
Depreciation and amortization in operating income6,862,000,0006,203,000,000

Trailing twelve months

Trailing twelve months ended May 28, 2026
LabelTrailing twelve months ended May 28, 2026
Period end2026-05-28
Derivedyes
MethodFiscal 2025 full year, less the nine months ended May 29, 2025, plus the nine months ended May 28, 2026.
Source accessions0000723125-25-000028; 0000723125-26-000015
Revenue90,274,000,000
Cost of goods sold24,763,000,000
Gross margin65,511,000,000
Gross margin %72.6%
Research and development4,784,000,000
Operating income59,243,000,000
Operating margin %65.6%
Net income50,469,000,000
Operating cash flow51,432,000,000
Capex25,260,000,000
Free cash flow26,172,000,000
Depreciation and amortization9,011,000,000
Diluted EPS approx44.24
Diluted EPS noteBuilt the same way as the trailing-twelve-month dollar figures above: fiscal 2025 diluted earnings per share of $7.59, less $4.75 for the nine months ended May 29, 2025, plus $41.40 for the nine months ended May 28, 2026. Because the weighted-average diluted share count differs from period to period, per-share amounts are not strictly additive, so this is an approximation rather than a weighted calculation.

Units notes seen

Value
FY2025 10-K consolidated statements of operations(In millions, except per share amounts)
FY2025 10-K consolidated statements of comprehensive income (loss)(In millions)
FY2025 10-K consolidated balance sheets(In millions, except par value amounts)
FY2025 10-K consolidated statements of changes in equity(In millions, except per share amounts)
FY2025 10-K consolidated statements of cash flows(In millions)
FY2025 10-K notes to consolidated financial statements (including the segment note)(All tabular amounts in millions, except per share amounts)
FY2025 10-K Management's Discussion and Analysis tablesAll tabular dollar amounts are in millions, except per share amounts.
Q3 FY2026 10-Q consolidated statements of operations(In millions, except per share amounts) (Unaudited)
Q3 FY2026 10-Q consolidated statements of comprehensive income (loss)(In millions) (Unaudited)
Q3 FY2026 10-Q consolidated balance sheets(In millions, except par value amounts) (Unaudited)
Q3 FY2026 10-Q consolidated statements of changes in equity(In millions, except per share amounts)
Q3 FY2026 10-Q consolidated statements of cash flows(In millions) (Unaudited)
Q3 FY2026 10-Q notes to consolidated financial statements (including the segment and debt notes)(All tabular amounts in millions, except per share amounts) (Unaudited)
Q3 FY2026 10-Q Management's Discussion and Analysis tablesAll tabular dollar amounts are in millions, except per share amounts.

Adjustments

Value
Splits appliednone
Splits noteNo stock splits fall within the reference window for Micron, so no split adjustment was applied to any per-share figure. All earnings-per-share and share-count figures are exactly as reported in the filings.
ADR ration/a
ADR noteMicron is a US domestic filer listed on Nasdaq; it is not an ADR, so no ADR-ratio conversion applies.
FXNone. Micron reports in US dollars, so no currency conversion was required.

Forward looking from filings

Value
Fy2026 capex estimate27,000,000,000
Fy2026 capex noteThe Q3 FY2026 10-Q states that Micron estimates capital expenditures for property, plant, and equipment, net of proceeds from government incentives, of approximately $27 billion in fiscal 2026.
Dividend declared after quarter end0.15
Dividend declared after quarter end noteOn June 24, 2026, the Board declared a quarterly dividend of $0.15 per share, payable July 21, 2026 to shareholders of record as of July 6, 2026, as disclosed in the Q3 FY2026 10-Q.
Purchase obligations for ppe2,930,000,000
Revolving credit available2,000,000,000

Notes

Uncertainties

Company details

Value
NameMicron Technology Inc
TickerMU
CIK0000723125
ExchangeNasdaq
StateIdaho
IncorporationDelaware
SIC3674
OfficeManufacturing
IndustrySemiconductors & Related Devices

Next filing

Value
Predicted date2026-10-09
Predicted type10-K

Fiscal period

FY2026
Fiscal year2026
Fiscal periodQ3
TagFY26Q3
Period end2026-05-28
Form10-Q
Accession0000723125-26-000015
Fiscal year end0903
Sourcefacts

Built from Micron Technology, Inc.'s SEC filings by Ticker Scout. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer. Also for this company: company index, financials.json, index.json.