Micron Technology, Inc. (MU) Q3 FY2026 Financial Statements: Revenue $41.46B, Net income $28.24B
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PeriodFY2026Q3 FY2026
Archived record for Q3 FY2026. The current period is FY2026.
Published
Micron Technology reported revenue of $41.46 billion for Q3 FY2026, the quarter ended May 28, 2026, up 345.7% from $9.30 billion a year earlier, as AI-driven data center demand grew faster than industry supply and pushed DRAM and NAND prices sharply higher. Net income was $28.24 billion, or $24.67 per diluted share, compared with $1.89 billion, or $1.68, in the same quarter a year earlier. Gross profit, which Micron reports as gross margin, rose to $35.06 billion from $3.51 billion, driven mainly by higher selling prices.
| Metric | Amount | vs. year ago |
|---|---|---|
| Revenue | $41,456,000,000 | up 345.7% |
| Net income | $28,243,000,000 | up 1,398.3% |
| Diluted EPS | $24.67 | up 1,368.5% |
| Gross profit | $35,056,000,000 | up 899.3% |
Figures link to the filing they came from. Wherever the SEC filing tags a number, that number is linked: click it and the filing opens at the exact line that prints it. Figures calculated here, such as margins, free cash flow and trailing-twelve-month totals, have no line in a filing to point to and are not linked.
About this file
| Ticker | MU |
|---|---|
| CIK | 0000723125 |
| Company | Micron Technology, Inc. |
| Business type | industrial |
| Schema template | standard (industrial/technology): revenue, cost of goods sold, gross profit, operating expenses, operating income, net income, EPS and share counts; cash, investments, debt, assets, liabilities, equity; operating cash flow, capital expenditures, free cash flow, dividends and buybacks |
| Reporting currency | USD |
| Converted to USD | no |
| Units | actual US dollars (not millions); share counts in actual shares; per-share amounts in US dollars per share |
| Sign convention | Figures keep the sign the filing prints: costs and expenses printed as positive amounts are stored as positive; lines the filing prints in parentheses (interest expense, income tax provision, capital expenditures, debt repayments, dividends and buybacks paid, cash used for investing or financing) are stored as negative numbers. |
MU annual income statement, balance sheet and cash flow
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Period start | 2024-08-30 | 2023-09-01 | 2022-09-02 |
| Period end | 2025-08-28 | 2024-08-29 | 2023-08-31 |
| Period type | fiscal year | fiscal year | fiscal year |
| Source accession | 10-K | 10-K | 10-K |
| Income statement | |||
| Revenue | 37,378,000,000 | 25,111,000,000 | 15,540,000,000 |
| Cost of goods sold | 22,505,000,000 | 19,498,000,000 | 16,956,000,000 |
| Gross profit | 14,873,000,000 | 5,613,000,000 | -1,416,000,000 |
| Research and development | 3,798,000,000 | 3,430,000,000 | 3,114,000,000 |
| Selling general and administrative | 1,205,000,000 | 1,129,000,000 | 920,000,000 |
| Operating income | 9,770,000,000 | 1,304,000,000 | -5,745,000,000 |
| Interest income | 496,000,000 | 529,000,000 | 468,000,000 |
| Interest expense | -477,000,000 | -562,000,000 | -388,000,000 |
| Income before income taxes | 9,654,000,000 | 1,240,000,000 | -5,658,000,000 |
| Income tax provision benefit | -1,124,000,000 | -451,000,000 | -177,000,000 |
| Net income | 8,539,000,000 | 778,000,000 | -5,833,000,000 |
| Basic shares | 1,116,000,000 | 1,105,000,000 | 1,093,000,000 |
| Diluted shares | 1,125,000,000 | 1,118,000,000 | 1,093,000,000 |
| Basic EPS | 7.65 | 0.70 | -5.34 |
| Diluted EPS | 7.59 | 0.70 | -5.34 |
| Balance sheet | |||
| Cash and cash equivalents | 9,642,000,000 | 7,041,000,000 | |
| Short term investments | 665,000,000 | 1,065,000,000 | |
| Receivables | 9,265,000,000 | 6,615,000,000 | |
| Inventories | 8,355,000,000 | 8,875,000,000 | |
| Total current assets | 28,841,000,000 | 24,372,000,000 | |
| Long term marketable investments | 1,629,000,000 | 1,046,000,000 | |
| Property plant and equipment | 46,590,000,000 | 39,749,000,000 | |
| Total assets | 82,798,000,000 | 69,416,000,000 | |
| Accounts payable and accrued expenses | 9,649,000,000 | 7,299,000,000 | |
| Current debt | 560,000,000 | 431,000,000 | |
| Total current liabilities | 11,454,000,000 | 9,248,000,000 | |
| Long term debt | 14,017,000,000 | 12,966,000,000 | |
| Total liabilities | 28,633,000,000 | 24,285,000,000 | |
| Total equity | 54,165,000,000 | 45,131,000,000 | |
| Total liabilities and equity | 82,798,000,000 | 69,416,000,000 | |
| Total debt | 14,577,000,000 | 13,397,000,000 | |
| Cash flow | |||
| Depreciation and amortization | 8,352,000,000 | 7,780,000,000 | 7,756,000,000 |
| Stock based compensation | 972,000,000 | 833,000,000 | 596,000,000 |
| Operating cash flow | 17,525,000,000 | 8,507,000,000 | 1,559,000,000 |
| Capex | -15,857,000,000 | -8,386,000,000 | -7,676,000,000 |
| Proceeds from government incentives | 2,005,000,000 | 315,000,000 | 710,000,000 |
| Net cash from investing activities | -14,087,000,000 | -8,309,000,000 | -6,191,000,000 |
| Repayments of debt | -4,619,000,000 | -1,897,000,000 | -761,000,000 |
| Proceeds from issuance of debt | 4,430,000,000 | 999,000,000 | 6,716,000,000 |
| Dividends paid | -522,000,000 | -513,000,000 | -504,000,000 |
| Repurchases of common stock program | 0 | -300,000,000 | -425,000,000 |
| Net cash from financing activities | -850,000,000 | -1,842,000,000 | 4,983,000,000 |
| Free cash flow | 1,668,000,000 | 121,000,000 | -6,117,000,000 |
| Per share data | |||
| Dividends declared per share | 0.46 | 0.46 | 0.46 |
MU quarterly income statement, balance sheet and cash flow
| Q3 FY2026 | Q3 FY2025 | |
|---|---|---|
| Fiscal quarter | 3 | 3 |
| Period start | 2026-02-27 | 2025-02-28 |
| Period end | 2026-05-28 | 2025-05-29 |
| Period type | three months | three months |
| Source accession | 10-Q | 10-Q |
| Cash flow source accession | 0000723125-26-000013 | 0000723125-26-000013 |
| Non GAAP source accession | 0000723125-26-000013 | 0000723125-26-000013 |
| Income statement | ||
| Revenue | 41,456,000,000 | 9,301,000,000 |
| Cost of goods sold | 6,400,000,000 | 5,793,000,000 |
| Gross profit | 35,056,000,000 | 3,508,000,000 |
| Research and development | 1,316,000,000 | 965,000,000 |
| Selling general and administrative | 407,000,000 | 318,000,000 |
| Operating income | 33,318,000,000 | 2,169,000,000 |
| Interest income | 215,000,000 | 135,000,000 |
| Interest expense | 0 | -123,000,000 |
| Income before income taxes | 33,212,000,000 | 2,113,000,000 |
| Income tax provision benefit | -4,978,000,000 | -235,000,000 |
| Net income | 28,243,000,000 | 1,885,000,000 |
| Basic shares | 1,128,000,000 | 1,118,000,000 |
| Diluted shares | 1,145,000,000 | 1,125,000,000 |
| Basic EPS | 25.03 | 1.69 |
| Diluted EPS | 24.67 | 1.68 |
| Balance sheet | ||
| Cash and cash equivalents | 24,995,000,000 | |
| Short term investments | 1,027,000,000 | |
| Receivables | 31,025,000,000 | |
| Inventories | 8,567,000,000 | |
| Total current assets | 66,737,000,000 | |
| Long term marketable investments | 4,106,000,000 | |
| Property plant and equipment | 56,426,000,000 | |
| Total assets | 134,112,000,000 | |
| Accounts payable and accrued expenses | 15,521,000,000 | |
| Current debt | 582,000,000 | |
| Total current liabilities | 19,488,000,000 | |
| Long term debt | 5,140,000,000 | |
| Total liabilities | 33,388,000,000 | |
| Total equity | 100,724,000,000 | |
| Total liabilities and equity | 134,112,000,000 | |
| Total debt | 5,722,000,000 | |
| Cash flow | ||
| Operating cash flow | 25,388,000,000 | 4,609,000,000 |
| Capex | -7,826,000,000 | -2,938,000,000 |
| Proceeds from government incentives | 733,000,000 | 266,000,000 |
| Free cash flow | 17,562,000,000 | 1,671,000,000 |
| Non GAAP | ||
| Investments in capital expenditures net | -7,084,000,000 | -2,660,000,000 |
| Adjusted free cash flow | 18,304,000,000 | 1,949,000,000 |
| Non GAAP net income | 28,857,000,000 | 2,181,000,000 |
| Non GAAP diluted EPS | 25.11 | 1.91 |
| Per share data | ||
| Dividends declared per share | 0.150 | 0.115 |
MU year-to-date income statement and cash flow
| Nine months ended May 28, 2026 (FY2026 year to date) | Nine months ended May 29, 2025 (FY2025 year to date) | |
|---|---|---|
| Period start | 2025-08-29 | 2024-08-30 |
| Period end | 2026-05-28 | 2025-05-29 |
| Period type | nine months | nine months |
| Source accession | 10-Q | 10-Q |
| Income statement | ||
| Revenue | 78,959,000,000 | 26,063,000,000 |
| Cost of goods sold | 18,502,000,000 | 16,244,000,000 |
| Gross profit | 60,457,000,000 | 9,819,000,000 |
| Research and development | 3,737,000,000 | 2,751,000,000 |
| Selling general and administrative | 1,088,000,000 | 891,000,000 |
| Operating income | 55,589,000,000 | 6,116,000,000 |
| Interest income | 509,000,000 | 350,000,000 |
| Interest expense | -106,000,000 | -353,000,000 |
| Income before income taxes | 55,433,000,000 | 6,023,000,000 |
| Income tax provision benefit | -8,178,000,000 | -695,000,000 |
| Net income | 47,268,000,000 | 5,338,000,000 |
| Basic shares | 1,126,000,000 | 1,114,000,000 |
| Diluted shares | 1,142,000,000 | 1,123,000,000 |
| Basic EPS | 41.97 | 4.79 |
| Diluted EPS | 41.40 | 4.75 |
| Cash flow | ||
| Depreciation and amortization | 6,862,000,000 | 6,203,000,000 |
| Stock based compensation | 954,000,000 | 722,000,000 |
| Operating cash flow | 45,702,000,000 | 11,795,000,000 |
| Capex | -19,602,000,000 | -10,199,000,000 |
| Proceeds from government incentives | 2,989,000,000 | 1,294,000,000 |
| Net cash from investing activities | -19,688,000,000 | -8,889,000,000 |
| Repayments of debt | -9,380,000,000 | -3,604,000,000 |
| Proceeds from issuance of debt | 0 | 4,430,000,000 |
| Dividends paid | -437,000,000 | -392,000,000 |
| Repurchases of common stock program | -650,000,000 | 0 |
| Repurchases of common stock withholdings | -762,000,000 | -290,000,000 |
| Net cash from financing activities | -10,646,000,000 | 214,000,000 |
| Free cash flow | 26,100,000,000 | 1,596,000,000 |
| Per share data | ||
| Dividends declared per share | 0.380 | 0.345 |
MU trailing twelve month income statement and cash flow
| Twelve months ended May 28, 2026 | |
|---|---|
| Period start | 2025-05-30 |
| Period end | 2026-05-28 |
| Period type | trailing twelve months |
| Source accession | 10-Q |
| Source accessions | 10-K, 10-Q |
| Income statement | |
| Revenue | 90,274,000,000 |
| Cost of goods sold | 24,763,000,000 |
| Gross profit | 65,511,000,000 |
| Research and development | 4,784,000,000 |
| Selling general and administrative | 1,402,000,000 |
| Operating income | 59,243,000,000 |
| Interest income | 655,000,000 |
| Interest expense | -230,000,000 |
| Income before income taxes | 59,064,000,000 |
| Income tax provision benefit | -8,607,000,000 |
| Net income | 50,469,000,000 |
| Cash flow | |
| Depreciation and amortization | 9,011,000,000 |
| Stock based compensation | 1,204,000,000 |
| Operating cash flow | 51,432,000,000 |
| Capex | -25,260,000,000 |
| Proceeds from government incentives | 3,700,000,000 |
| Net cash from investing activities | -24,886,000,000 |
| Repayments of debt | -10,395,000,000 |
| Proceeds from issuance of debt | 0 |
| Dividends paid | -567,000,000 |
| Repurchases of common stock program | -650,000,000 |
| Net cash from financing activities | -11,710,000,000 |
| Free cash flow | 26,172,000,000 |
- Derivation. FY2025 (from the FY2025 10-K) plus the nine months ended May 28, 2026, less the nine months ended May 29, 2025 (both from the Q3 FY2026 10-Q). Per-share amounts and share counts are not additive across periods and are omitted.
Adjustments
| Splits applied | none |
|---|---|
| ADR ratio | n/a |
| FX | none -- Micron reports in US dollars |
| Note | No stock split falls within the periods reported here and Micron's common stock is listed directly (not an ADR), so no per-share restatement or ADS conversion was applied. |
Notes
- Coverage: the FY2025 Form 10-K (accession 0000723125-25-000028) prints fiscal years 2025, 2024 and 2023 on its income and cash flow statements and fiscal years 2025 and 2024 on its balance sheet, so FY2023 carries no balance sheet. The Q3 FY2026 Form 10-Q (accession 0000723125-26-000015) prints the quarters ended May 28, 2026 and May 29, 2025, the nine months ended on those dates, and a balance sheet as of May 28, 2026.
- Fiscal calendar: Micron's fiscal year is the 52- or 53-week period ending on the Thursday closest to August 31. FY2025 ended August 28, 2025; FY2024 ended August 29, 2024; FY2023 ended August 31, 2023. Fiscal 2025, 2024 and 2023 each contained 52 weeks. Q3 FY2026 ran from February 27, 2026 to May 28, 2026.
- Micron captions the line revenue less cost of goods sold as 'Gross margin' (a dollar amount); it is recorded here as gross_profit.
- Total debt is current debt plus long-term debt as printed on the balance sheet; it is a sum computed here, not a line the filing prints.
- Free cash flow is computed here as net cash provided by operating activities less expenditures for property, plant, and equipment. Micron's own 'adjusted free cash flow' is a different, non-GAAP measure that also adds back proceeds from government incentives and from sales of property, plant, and equipment; where the earnings release prints it, it is recorded separately under non_gaap.
- The 10-Q prints its cash flow statement for the nine-month periods only. The three-month operating cash flow, capital expenditure and government-incentive figures for Q3 FY2026 and Q3 FY2025 are taken from the GAAP-to-non-GAAP reconciliation in Micron's Q3 FY2026 earnings release, furnished as Exhibit 99.1 to the Form 8-K filed June 24, 2026 (accession 0000723125-26-000013); each quarter's cash_flow_source_accession records this. The non-GAAP net income, non-GAAP diluted EPS, net capital expenditure and adjusted free cash flow figures come from the same release.
- The 10-Q does not include a balance sheet as of May 29, 2025, so Q3 FY2025 carries no balance sheet.
- The year_to_date block is the nine months ended May 28, 2026, with the nine months ended May 29, 2025 as its prior-year comparative; both are printed in the Q3 FY2026 10-Q.
- The trailing_twelve_months block (June 2025 through May 2026) is computed: FY2025 from the 10-K, plus the nine months ended May 28, 2026, less the nine months ended May 29, 2025, from the 10-Q. Per-share amounts and share counts do not add across periods and are omitted from it.
- Dividends declared per share are taken from the consolidated statements of changes in equity: $0.460 for each of FY2025, FY2024 and FY2023; $0.15 for Q3 FY2026 and $0.38 for the nine months ended May 28, 2026; $0.115 for Q3 FY2025 and $0.345 for the nine months ended May 29, 2025.
- Interest expense for Q3 FY2026 is printed as a dash (nil) in the 10-Q and is recorded as zero.
- Several figures for FY2025 also appear in the Q3 FY2026 10-Q's balance sheet comparative column (as of August 28, 2025); every one of them matches the FY2025 10-K.
Uncertainties
- Micron's Q4 FY2026 results (quarter ended September 3, 2026) were furnished in an earnings release on September 30, 2026, but the FY2026 Form 10-K had not been filed when this record was prepared. This page covers the periods printed in the FY2025 10-K and the Q3 FY2026 10-Q only, so Q4 FY2026 and the full FY2026 year are not included here.
- No discrete quarter other than Q3 FY2026 and Q3 FY2025 is recorded: the 10-Q prints only those two quarters, and other quarters (such as Q2 FY2026, shown in the earnings release) are not printed in the filings this page covers.
Company details
| Name | Micron Technology Inc |
|---|---|
| Ticker | MU |
| CIK | 0000723125 |
| Exchange | Nasdaq |
| State | Idaho |
| Incorporation | Delaware |
| SIC | 3674 |
| Office | Manufacturing |
| Industry | Semiconductors & Related Devices |
Fiscal period
| Fiscal year | 2026 |
|---|---|
| Fiscal period | Q3 |
| Tag | FY26Q3 |
| Period end | 2026-05-28 |
| Form | 10-Q |
| Accession | 0000723125-26-000015 |
| Fiscal year end | 0903 |
| Source | facts |
Source filings
| Role | Current | Form | Fiscal year | Fiscal period | Tag | Period end | Filed | Accession | Source |
|---|---|---|---|---|---|---|---|---|---|
| annual | no | 10-K | 2025 | FY | FY25 | 2025-08-28 | 2025-10-03 | 0000723125-25-000028 | reported |
| quarterly | yes | 10-Q | 2026 | Q3 | FY26Q3 | 2026-05-28 | 2026-06-25 | 0000723125-26-000015 | facts |
FAQ · Micron Technology financial statements
What was Micron's revenue in Q3 FY2026?
Micron Technology reported revenue of $41.46 billion for Q3 FY2026, the quarter ended May 28, 2026. That is up 345.7% from $9.30 billion in the same quarter a year earlier.
How much did Micron earn in Q3 FY2026?
Micron Technology reported net income of $28.24 billion for Q3 FY2026, the quarter ended May 28, 2026, up 1,398.3% from $1.89 billion in the same quarter a year earlier.
What was Micron's earnings per share in Q3 FY2026?
Micron Technology earned $24.67 per diluted share in Q3 FY2026, the quarter ended May 28, 2026, up 1,368.5% from $1.68 in the same quarter a year earlier.
Why did Micron's profit rise so much in Q3 FY2026?
Micron Technology's gross profit rose to $35.06 billion in Q3 FY2026 from $3.51 billion a year earlier, driven mainly by higher DRAM and NAND selling prices as AI-driven data center demand grew faster than industry supply.
Where can I get Micron Technology, Inc. (MU) financial data in machine-readable form?
Ticker Scout publishes Micron Technology, Inc.'s financial statements as JSON at https://tickerscout.ai/mu/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/mu/narrative.md and https://tickerscout.ai/mu/events.md. Micron Technology, Inc.'s SEC CIK is 0000723125. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.
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How this page was built
This page was built from three of Micron Technology, Inc.'s own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names two such gaps.
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