← Micron Technology, Inc. (MU)

financials.json

Published

{
  "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": false,
  "units": "actual US dollars (not millions); share counts in actual shares; per-share amounts in US dollars per share",
  "units_notes_seen": {
    "FY2025 10-K consolidated statements of operations": "(In millions, except per share amounts) -- share counts are also in millions",
    "FY2025 10-K consolidated balance sheets": "(In millions, except par value amounts)",
    "FY2025 10-K consolidated statements of cash flows": "(In millions)",
    "FY2025 10-K consolidated statements of changes in equity": "(In millions, except per share amounts)",
    "Q3 FY2026 10-Q consolidated statements of operations": "(In millions, except per share amounts) (Unaudited) -- share counts are also in millions",
    "Q3 FY2026 10-Q consolidated balance sheets": "(In millions, except par value amounts) (Unaudited)",
    "Q3 FY2026 10-Q consolidated statements of cash flows": "(In millions) (Unaudited) -- nine-month columns only",
    "Q3 FY2026 10-Q consolidated statements of changes in equity": "(In millions, except per share amounts) (Unaudited)",
    "Q3 FY2026 earnings release (Exhibit 99.1) quarterly financial results table": "(in millions, except per share amounts)",
    "Q3 FY2026 earnings release (Exhibit 99.1) reconciliation of GAAP to non-GAAP measures": "(In millions, except per share amounts)"
  },
  "adjustments": {
    "splits_applied": [],
    "adr_ratio": null,
    "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."
  },
  "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.",
  "annual": [
    {
      "fiscal_year": 2025,
      "label": "FY2025",
      "period_start": "2024-08-30",
      "period_end": "2025-08-28",
      "period_type": "fiscal year",
      "source_accession": "0000723125-25-000028",
      "income_statement": {
        "revenue": 37378000000,
        "cost_of_goods_sold": 22505000000,
        "gross_profit": 14873000000,
        "research_and_development": 3798000000,
        "selling_general_and_administrative": 1205000000,
        "operating_income": 9770000000,
        "interest_income": 496000000,
        "interest_expense": -477000000,
        "income_before_income_taxes": 9654000000,
        "income_tax_provision_benefit": -1124000000,
        "net_income": 8539000000,
        "basic_shares": 1116000000,
        "diluted_shares": 1125000000,
        "basic_eps": 7.65,
        "diluted_eps": 7.59
      },
      "balance_sheet": {
        "cash_and_cash_equivalents": 9642000000,
        "short_term_investments": 665000000,
        "receivables": 9265000000,
        "inventories": 8355000000,
        "total_current_assets": 28841000000,
        "long_term_marketable_investments": 1629000000,
        "property_plant_and_equipment": 46590000000,
        "total_assets": 82798000000,
        "accounts_payable_and_accrued_expenses": 9649000000,
        "current_debt": 560000000,
        "total_current_liabilities": 11454000000,
        "long_term_debt": 14017000000,
        "total_liabilities": 28633000000,
        "total_equity": 54165000000,
        "total_liabilities_and_equity": 82798000000,
        "total_debt": 14577000000
      },
      "cash_flow": {
        "depreciation_and_amortization": 8352000000,
        "stock_based_compensation": 972000000,
        "operating_cash_flow": 17525000000,
        "capex": -15857000000,
        "proceeds_from_government_incentives": 2005000000,
        "net_cash_from_investing_activities": -14087000000,
        "repayments_of_debt": -4619000000,
        "proceeds_from_issuance_of_debt": 4430000000,
        "dividends_paid": -522000000,
        "repurchases_of_common_stock_program": 0,
        "net_cash_from_financing_activities": -850000000,
        "free_cash_flow": 1668000000
      },
      "per_share_data": {
        "dividends_declared_per_share": 0.46
      }
    },
    {
      "fiscal_year": 2024,
      "label": "FY2024",
      "period_start": "2023-09-01",
      "period_end": "2024-08-29",
      "period_type": "fiscal year",
      "source_accession": "0000723125-25-000028",
      "income_statement": {
        "revenue": 25111000000,
        "cost_of_goods_sold": 19498000000,
        "gross_profit": 5613000000,
        "research_and_development": 3430000000,
        "selling_general_and_administrative": 1129000000,
        "operating_income": 1304000000,
        "interest_income": 529000000,
        "interest_expense": -562000000,
        "income_before_income_taxes": 1240000000,
        "income_tax_provision_benefit": -451000000,
        "net_income": 778000000,
        "basic_shares": 1105000000,
        "diluted_shares": 1118000000,
        "basic_eps": 0.7,
        "diluted_eps": 0.7
      },
      "balance_sheet": {
        "cash_and_cash_equivalents": 7041000000,
        "short_term_investments": 1065000000,
        "receivables": 6615000000,
        "inventories": 8875000000,
        "total_current_assets": 24372000000,
        "long_term_marketable_investments": 1046000000,
        "property_plant_and_equipment": 39749000000,
        "total_assets": 69416000000,
        "accounts_payable_and_accrued_expenses": 7299000000,
        "current_debt": 431000000,
        "total_current_liabilities": 9248000000,
        "long_term_debt": 12966000000,
        "total_liabilities": 24285000000,
        "total_equity": 45131000000,
        "total_liabilities_and_equity": 69416000000,
        "total_debt": 13397000000
      },
      "cash_flow": {
        "depreciation_and_amortization": 7780000000,
        "stock_based_compensation": 833000000,
        "operating_cash_flow": 8507000000,
        "capex": -8386000000,
        "proceeds_from_government_incentives": 315000000,
        "net_cash_from_investing_activities": -8309000000,
        "repayments_of_debt": -1897000000,
        "proceeds_from_issuance_of_debt": 999000000,
        "dividends_paid": -513000000,
        "repurchases_of_common_stock_program": -300000000,
        "net_cash_from_financing_activities": -1842000000,
        "free_cash_flow": 121000000
      },
      "per_share_data": {
        "dividends_declared_per_share": 0.46
      }
    },
    {
      "fiscal_year": 2023,
      "label": "FY2023",
      "period_start": "2022-09-02",
      "period_end": "2023-08-31",
      "period_type": "fiscal year",
      "source_accession": "0000723125-25-000028",
      "income_statement": {
        "gross_profit": -1416000000,
        "revenue": 15540000000,
        "cost_of_goods_sold": 16956000000,
        "research_and_development": 3114000000,
        "selling_general_and_administrative": 920000000,
        "operating_income": -5745000000,
        "interest_income": 468000000,
        "interest_expense": -388000000,
        "income_before_income_taxes": -5658000000,
        "income_tax_provision_benefit": -177000000,
        "net_income": -5833000000,
        "basic_shares": 1093000000,
        "diluted_shares": 1093000000,
        "basic_eps": -5.34,
        "diluted_eps": -5.34
      },
      "cash_flow": {
        "depreciation_and_amortization": 7756000000,
        "stock_based_compensation": 596000000,
        "operating_cash_flow": 1559000000,
        "capex": -7676000000,
        "proceeds_from_government_incentives": 710000000,
        "net_cash_from_investing_activities": -6191000000,
        "repayments_of_debt": -761000000,
        "proceeds_from_issuance_of_debt": 6716000000,
        "dividends_paid": -504000000,
        "repurchases_of_common_stock_program": -425000000,
        "net_cash_from_financing_activities": 4983000000,
        "free_cash_flow": -6117000000
      },
      "per_share_data": {
        "dividends_declared_per_share": 0.46
      }
    }
  ],
  "quarterly": [
    {
      "fiscal_year": 2026,
      "fiscal_quarter": 3,
      "label": "Q3 FY2026",
      "period_start": "2026-02-27",
      "period_end": "2026-05-28",
      "period_type": "three months",
      "source_accession": "0000723125-26-000015",
      "cash_flow_source_accession": "0000723125-26-000013",
      "non_gaap_source_accession": "0000723125-26-000013",
      "income_statement": {
        "revenue": 41456000000,
        "cost_of_goods_sold": 6400000000,
        "gross_profit": 35056000000,
        "research_and_development": 1316000000,
        "selling_general_and_administrative": 407000000,
        "operating_income": 33318000000,
        "interest_income": 215000000,
        "interest_expense": 0,
        "income_before_income_taxes": 33212000000,
        "income_tax_provision_benefit": -4978000000,
        "net_income": 28243000000,
        "basic_shares": 1128000000,
        "diluted_shares": 1145000000,
        "basic_eps": 25.03,
        "diluted_eps": 24.67
      },
      "balance_sheet": {
        "cash_and_cash_equivalents": 24995000000,
        "short_term_investments": 1027000000,
        "receivables": 31025000000,
        "inventories": 8567000000,
        "total_current_assets": 66737000000,
        "long_term_marketable_investments": 4106000000,
        "property_plant_and_equipment": 56426000000,
        "total_assets": 134112000000,
        "accounts_payable_and_accrued_expenses": 15521000000,
        "current_debt": 582000000,
        "total_current_liabilities": 19488000000,
        "long_term_debt": 5140000000,
        "total_liabilities": 33388000000,
        "total_equity": 100724000000,
        "total_liabilities_and_equity": 134112000000,
        "total_debt": 5722000000
      },
      "cash_flow": {
        "operating_cash_flow": 25388000000,
        "capex": -7826000000,
        "proceeds_from_government_incentives": 733000000,
        "free_cash_flow": 17562000000
      },
      "non_gaap": {
        "investments_in_capital_expenditures_net": -7084000000,
        "adjusted_free_cash_flow": 18304000000,
        "non_gaap_net_income": 28857000000,
        "non_gaap_diluted_eps": 25.11
      },
      "per_share_data": {
        "dividends_declared_per_share": 0.15
      }
    },
    {
      "fiscal_year": 2025,
      "fiscal_quarter": 3,
      "label": "Q3 FY2025",
      "period_start": "2025-02-28",
      "period_end": "2025-05-29",
      "period_type": "three months",
      "source_accession": "0000723125-26-000015",
      "cash_flow_source_accession": "0000723125-26-000013",
      "non_gaap_source_accession": "0000723125-26-000013",
      "income_statement": {
        "revenue": 9301000000,
        "cost_of_goods_sold": 5793000000,
        "gross_profit": 3508000000,
        "research_and_development": 965000000,
        "selling_general_and_administrative": 318000000,
        "operating_income": 2169000000,
        "interest_income": 135000000,
        "interest_expense": -123000000,
        "income_before_income_taxes": 2113000000,
        "income_tax_provision_benefit": -235000000,
        "net_income": 1885000000,
        "basic_shares": 1118000000,
        "diluted_shares": 1125000000,
        "basic_eps": 1.69,
        "diluted_eps": 1.68
      },
      "cash_flow": {
        "operating_cash_flow": 4609000000,
        "capex": -2938000000,
        "proceeds_from_government_incentives": 266000000,
        "free_cash_flow": 1671000000
      },
      "non_gaap": {
        "investments_in_capital_expenditures_net": -2660000000,
        "adjusted_free_cash_flow": 1949000000,
        "non_gaap_net_income": 2181000000,
        "non_gaap_diluted_eps": 1.91
      },
      "per_share_data": {
        "dividends_declared_per_share": 0.115
      }
    }
  ],
  "year_to_date": {
    "fiscal_year": 2026,
    "label": "Nine months ended May 28, 2026 (FY2026 year to date)",
    "period_start": "2025-08-29",
    "period_end": "2026-05-28",
    "period_type": "nine months",
    "source_accession": "0000723125-26-000015",
    "income_statement": {
      "revenue": 78959000000,
      "cost_of_goods_sold": 18502000000,
      "gross_profit": 60457000000,
      "research_and_development": 3737000000,
      "selling_general_and_administrative": 1088000000,
      "operating_income": 55589000000,
      "interest_income": 509000000,
      "interest_expense": -106000000,
      "income_before_income_taxes": 55433000000,
      "income_tax_provision_benefit": -8178000000,
      "net_income": 47268000000,
      "basic_shares": 1126000000,
      "diluted_shares": 1142000000,
      "basic_eps": 41.97,
      "diluted_eps": 41.4
    },
    "cash_flow": {
      "depreciation_and_amortization": 6862000000,
      "stock_based_compensation": 954000000,
      "operating_cash_flow": 45702000000,
      "capex": -19602000000,
      "proceeds_from_government_incentives": 2989000000,
      "net_cash_from_investing_activities": -19688000000,
      "repayments_of_debt": -9380000000,
      "proceeds_from_issuance_of_debt": 0,
      "dividends_paid": -437000000,
      "repurchases_of_common_stock_program": -650000000,
      "repurchases_of_common_stock_withholdings": -762000000,
      "net_cash_from_financing_activities": -10646000000,
      "free_cash_flow": 26100000000
    },
    "per_share_data": {
      "dividends_declared_per_share": 0.38
    },
    "prior_year_comparative": {
      "fiscal_year": 2025,
      "label": "Nine months ended May 29, 2025 (FY2025 year to date)",
      "period_start": "2024-08-30",
      "period_end": "2025-05-29",
      "period_type": "nine months",
      "source_accession": "0000723125-26-000015",
      "income_statement": {
        "revenue": 26063000000,
        "cost_of_goods_sold": 16244000000,
        "gross_profit": 9819000000,
        "research_and_development": 2751000000,
        "selling_general_and_administrative": 891000000,
        "operating_income": 6116000000,
        "interest_income": 350000000,
        "interest_expense": -353000000,
        "income_before_income_taxes": 6023000000,
        "income_tax_provision_benefit": -695000000,
        "net_income": 5338000000,
        "basic_shares": 1114000000,
        "diluted_shares": 1123000000,
        "basic_eps": 4.79,
        "diluted_eps": 4.75
      },
      "cash_flow": {
        "depreciation_and_amortization": 6203000000,
        "stock_based_compensation": 722000000,
        "operating_cash_flow": 11795000000,
        "capex": -10199000000,
        "proceeds_from_government_incentives": 1294000000,
        "net_cash_from_investing_activities": -8889000000,
        "repayments_of_debt": -3604000000,
        "proceeds_from_issuance_of_debt": 4430000000,
        "dividends_paid": -392000000,
        "repurchases_of_common_stock_program": 0,
        "repurchases_of_common_stock_withholdings": -290000000,
        "net_cash_from_financing_activities": 214000000,
        "free_cash_flow": 1596000000
      },
      "per_share_data": {
        "dividends_declared_per_share": 0.345
      }
    }
  },
  "trailing_twelve_months": {
    "label": "Twelve months ended May 28, 2026",
    "period_start": "2025-05-30",
    "period_end": "2026-05-28",
    "period_type": "trailing twelve months",
    "source_accession": "0000723125-26-000015",
    "source_accessions": [
      "0000723125-25-000028",
      "0000723125-26-000015"
    ],
    "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.",
    "income_statement": {
      "revenue": 90274000000,
      "cost_of_goods_sold": 24763000000,
      "gross_profit": 65511000000,
      "research_and_development": 4784000000,
      "selling_general_and_administrative": 1402000000,
      "operating_income": 59243000000,
      "interest_income": 655000000,
      "interest_expense": -230000000,
      "income_before_income_taxes": 59064000000,
      "income_tax_provision_benefit": -8607000000,
      "net_income": 50469000000
    },
    "cash_flow": {
      "depreciation_and_amortization": 9011000000,
      "stock_based_compensation": 1204000000,
      "operating_cash_flow": 51432000000,
      "capex": -25260000000,
      "proceeds_from_government_incentives": 3700000000,
      "net_cash_from_investing_activities": -24886000000,
      "repayments_of_debt": -10395000000,
      "proceeds_from_issuance_of_debt": 0,
      "dividends_paid": -567000000,
      "repurchases_of_common_stock_program": -650000000,
      "net_cash_from_financing_activities": -11710000000,
      "free_cash_flow": 26172000000
    }
  },
  "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."
  ],
  "headline": {
    "period": "Q3 FY2026",
    "period_end_words": "May 28, 2026",
    "metrics": [
      {
        "label": "Revenue",
        "format": "usd",
        "value": 41456000000,
        "text": "$41.46 billion",
        "exact": "$41,456,000,000",
        "compact": "$41.46B",
        "abs": "$41.46 billion",
        "prior_value": 9301000000,
        "prior": "$9.30 billion",
        "priorabs": "$9.30 billion",
        "yoy": "up 345.7%",
        "source": {
          "array": "quarterly",
          "field": "income_statement.revenue",
          "index": 0,
          "period_label": "Q3 FY2026",
          "period_end": "2026-05-28",
          "period_start": "2026-02-27",
          "span_days": 90,
          "source_accession": "0000723125-26-000015",
          "prior_index": 1,
          "prior_period_label": "Q3 FY2025",
          "prior_period_end": "2025-05-29",
          "prior_period_start": "2025-02-28",
          "prior_span_days": 90,
          "prior_source_accession": "0000723125-26-000015",
          "gap_days": 364
        }
      },
      {
        "label": "Net income",
        "format": "usd",
        "value": 28243000000,
        "text": "$28.24 billion",
        "exact": "$28,243,000,000",
        "compact": "$28.24B",
        "abs": "$28.24 billion",
        "prior_value": 1885000000,
        "prior": "$1.89 billion",
        "priorabs": "$1.89 billion",
        "yoy": "up 1,398.3%",
        "source": {
          "array": "quarterly",
          "field": "income_statement.net_income",
          "index": 0,
          "period_label": "Q3 FY2026",
          "period_end": "2026-05-28",
          "period_start": "2026-02-27",
          "span_days": 90,
          "source_accession": "0000723125-26-000015",
          "prior_index": 1,
          "prior_period_label": "Q3 FY2025",
          "prior_period_end": "2025-05-29",
          "prior_period_start": "2025-02-28",
          "prior_span_days": 90,
          "prior_source_accession": "0000723125-26-000015",
          "gap_days": 364
        }
      },
      {
        "label": "Diluted EPS",
        "format": "eps",
        "value": 24.67,
        "text": "$24.67",
        "exact": "$24.67",
        "compact": "$24.67",
        "abs": "$24.67",
        "prior_value": 1.68,
        "prior": "$1.68",
        "priorabs": "$1.68",
        "yoy": "up 1,368.5%",
        "source": {
          "array": "quarterly",
          "field": "income_statement.diluted_eps",
          "index": 0,
          "period_label": "Q3 FY2026",
          "period_end": "2026-05-28",
          "period_start": "2026-02-27",
          "span_days": 90,
          "source_accession": "0000723125-26-000015",
          "prior_index": 1,
          "prior_period_label": "Q3 FY2025",
          "prior_period_end": "2025-05-29",
          "prior_period_start": "2025-02-28",
          "prior_span_days": 90,
          "prior_source_accession": "0000723125-26-000015",
          "gap_days": 364
        }
      },
      {
        "label": "Gross profit",
        "format": "usd",
        "value": 35056000000,
        "text": "$35.06 billion",
        "exact": "$35,056,000,000",
        "compact": "$35.06B",
        "abs": "$35.06 billion",
        "prior_value": 3508000000,
        "prior": "$3.51 billion",
        "priorabs": "$3.51 billion",
        "yoy": "up 899.3%",
        "source": {
          "array": "quarterly",
          "field": "income_statement.gross_profit",
          "index": 0,
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          "prior_span_days": 90,
          "prior_source_accession": "0000723125-26-000015",
          "gap_days": 364
        }
      }
    ],
    "summary": "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.",
    "qa": [
      {
        "q": "What was Micron's revenue in Q3 FY2026?",
        "a": "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."
      },
      {
        "q": "How much did Micron earn in Q3 FY2026?",
        "a": "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."
      },
      {
        "q": "What was Micron's earnings per share in Q3 FY2026?",
        "a": "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."
      },
      {
        "q": "Why did Micron's profit rise so much in Q3 FY2026?",
        "a": "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."
      }
    ]
  },
  "company_details": {
    "Name": "Micron Technology Inc",
    "Ticker": "MU",
    "CIK": "0000723125",
    "Exchange": "Nasdaq",
    "State": "Idaho",
    "Incorporation": "Delaware",
    "SIC": "3674",
    "Office": "Manufacturing",
    "Industry": "Semiconductors & Related Devices"
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  "next_filing": {
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    "predicted_type": "10-Q"
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    "fiscal_period": "Q3",
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      "source": "reported"
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