Methodology published · Market data, model notes, and corrections process are public · Data policy · Corrections policy

NasdaqGS · Technology · Financials

Micron Technology Inc (MU) financial statements and cash flow.

Revenue, profitability, balance-sheet strength, and cash generation for MU. Market data source · as of 2026-05-28.

Section freshness

Price Aug 3, 10:01 AM EDT · Statements May 27, 8:00 PM EDT

Financial read

MU latest financial snapshot.

Start with the latest reported values below. Deeper quarterly and annual statement tables follow when supplied.

Revenue

$41.46B

+414.8% YoY

Net income

$28.24B

+104.9% QoQ

Gross margin

84.56%

Gross profit $35.06B

Net margin

68.13%

Operating margin 80.37%

Balance sheet coverage

MU balance sheet summary

Assets, liabilities, liquidity, debt, and equity sit beside income and cash-flow tables so the statement history reads as one model-ready dataset.

20 quarterly · 4 annual rows · Market data source · as of 2026-05-28

Open balance sheet table

Latest period

Q2 FY2026

20 quarterly · 4 annual rows

Assets / liabilities

$134.11B

Liabilities $33.39B

Cash / debt

$25.00B

Net cash $24.41B

Equity / working capital

$100.72B

Working capital $47.25B

Financial statements

MU statement coverage.

Income statement, balance sheet, and cash-flow figures for MU, with quarterly and annual history in the tables below.

Data last updated

May 27, 2026

Income periods

Balance-sheet periods

Cash-flow periods

Quarterly and annual MU statements, sourced from Market data source · as of 2026-05-28.

Financial statement period

MU statement history

Market data source · as of 2026-05-28 · Data last updated: May 27, 2026

ProfitabilityIncome statementRevenue, expenses, margins, and income quality20 quarterly periods Capital structureBalance sheetAssets, liabilities, debt, equity, and share count20 quarterly periods Cash generationCash flowOperating cash flow, CapEx, FCF, buybacks, and dividends20 quarterly periods

Income statement

Quarterly and annual rows for revenue, operating leverage, earnings quality, and margin direction.

8 / 20 Quarterly

Period	Revenue	Gross profit	Operating income	Net income	Net margin	Revenue QoQ	Net income QoQ
Q2 FY2026	$41.46B	$35.06B	$33.32B	$28.24B	68.13%	+73.7%	+104.9%
Q1 FY2026	$23.86B	$17.75B	$16.14B	$13.79B	57.77%	+74.9%	+163.1%
Q4 FY2025	$13.64B	$7.65B	$6.14B	$5.24B	38.41%	+46.7%	+178.0%
Q2 FY2025	$9.30B	$3.51B	$2.17B	$1.89B	20.27%	+15.5%	+19.1%
Q1 FY2025	$8.05B	$2.96B	$1.77B	$1.58B	19.66%	-7.5%	-15.3%
Q4 FY2024	$8.71B	$3.35B	$2.17B	$1.87B	21.47%	+27.9%	+463.3%
Q2 FY2024	$6.81B	$1.83B	$719.00M	$332.00M	4.87%	+16.9%	-58.1%
Q1 FY2024	$5.82B	$1.08B	$191.00M	$793.00M	13.62%	+23.2%	+164.3%

Balance sheet

Balance-sheet history for assets, liabilities, liquidity, debt, equity, and shares outstanding.

8 / 20 Quarterly

Period	Cash	Current assets	Current liabilities	Total assets	Total liabilities	Total debt	Total equity	Debt QoQ
Q2 FY2026	$25.00B	$66.74B	$19.49B	$134.11B	$33.39B	$582.00M	$100.72B	-0.5%
Q1 FY2026	$13.91B	$41.41B	$14.30B	$101.51B	$29.05B	$585.00M	$72.46B	+2.8%
Q4 FY2025	$9.73B	$29.66B	$12.06B	$85.97B	$27.16B	$569.00M	$58.81B	+1.6%
Q3 FY2025	$9.64B	$28.84B	$11.45B	$82.80B	$28.63B	$560.00M	$54.16B	+4.1%
Q2 FY2025	$10.16B	$27.92B	$10.13B	$78.40B	$27.65B	$538.00M	$50.75B	+6.7%
Q1 FY2025	$7.55B	$24.69B	$7.88B	$73.05B	$24.42B	$504.00M	$48.63B	-5.4%
Q4 FY2024	$6.69B	$24.49B	$9.02B	$71.46B	$24.66B	$533.00M	$46.80B	+23.7%
Q3 FY2024	$7.04B	$24.37B	$9.25B	$69.42B	$24.29B	$431.00M	$45.13B	+8.3%

Cash flow

Operating cash generation, capital expenditure, free cash flow, buybacks, dividends, and cash movement.

8 / 20 Quarterly

Period	Operating cash flow	CapEx	Free cash flow	Net income	Stock comp	Debt issuance	Dividends paid	Buybacks	Change in cash	FCF QoQ
Q2 FY2026				$28.24B
Q1 FY2026				$13.79B
Q4 FY2025				$5.24B
Q2 FY2025				$1.89B
Q1 FY2025				$1.58B
Q4 FY2024				$1.87B
Q2 FY2024				$332.00M
Q1 FY2024				$793.00M

Valuation and returns

Enterprise value: $905.11B; TECHi computed

Return on equity: 48.80%; Market data source

Return on assets: 36.65%; Market data source

Debt / equity: 0.01; Current ratio 3.42

Ratio values use provider-attributed fields when available and otherwise fall back to TECHi statement math from the visible rows on this page.

Annual revenue and income multiples

Annual sales and income multiple reads use the latest annual statement when available, then fall back to trailing-twelve-month statement math from the visible quarterly rows.

Annual revenue base: $88.26B; TTM statement fallback

Annual income base: $49.15B; TTM statement fallback

Market cap / annual revenue: 10.53; Live market value divided by annual revenue

Market cap / annual income: 18.91; Live market value divided by annual net income

Annual sales and income multiple

EV / annual revenue10.26

Market capitalization bridge

Market cap / annual revenue10.53

Market cap / annual income18.91

TTM valuation multiples

TTM revenue: $88.26B; Trailing twelve months

TTM EBIT: $57.76B; TTM operating income

Market cap / TTM revenue: 10.53; Live market value divided by trailing twelve months revenue

EV / TTM revenue: 10.26; Enterprise value divided by trailing twelve months revenue

Live market value is matched against trailing-twelve-month statement bases first so the multiple moves with the tape instead of anchoring to stale fiscal-year rows.

Profit multiples

Market cap / TTM net income18.91

EV / TTM EBIT15.67

Revenue, net income, and free cash flow

Revenue$41.46BNet income$28.24B

Q4 FY2024Q4 FY2025Q2 FY2026

Quarterly statement rows, shown on one common dollar scale so margin compression and cash conversion stand out quickly.

Efficiency

Growth vs cost pressure

Revenue growth YoY+414.8%

Debt growth YoY+8.2%

Quarterly margin heatmap

Gross margin

Q4 FY2024

38.44%

Q1 FY2025

36.79%

Q2 FY2025

37.72%

Q4 FY2025

56.04%

Q1 FY2026

74.41%

Q2 FY2026

84.56%

Operating margin

Q4 FY2024

24.96%

Q1 FY2025

22.02%

Q2 FY2025

23.32%

Q4 FY2025

44.98%

Q1 FY2026

67.62%

Q2 FY2026

80.37%

Net margin

Q4 FY2024

21.47%

Q1 FY2025

19.66%

Q2 FY2025

20.27%

Q4 FY2025

38.41%

Q1 FY2026

57.77%

Q2 FY2026

68.13%

Latest quarter expense mix

Cost of revenue$6.40B

R&D$1.32B

SG&A$407.00M

Profit bridge

EBIT$33.32B

Tax expense$4.98B

Other income statement lines

Income tax expense$4.98B

Balance sheet · Q2 FY2026

Cash & equivalents: $25.00B

Total debt: $582.00M

Net cash: $24.41B; Net cash position

Total equity: $100.72B

Balance sheet detail

Current assets: $66.74B

Current liabilities: $19.49B

Inventory: $8.57B

Receivables: $26.89B

Current debt: $582.00M

Debt and liquidity

Debt / revenuei0.01

Debt / income0.01

Cash / debt42.95

Quick ratioi2.66

Cash + short-term investments + receivables / current liabilities

Cash generation

Frequently asked

Common questions.

What financial data is available for MU?

The MU Financials page renders only the current income-statement, balance-sheet, cash-flow, or fund rows supplied for Micron Technology Inc. Missing modules and empty line items are omitted.

How current are MU's financial statements?

Each visible statement row keeps its reported period and provider attribution. The route redirects to the main quote when no usable financial or fund data remains.

What is Micron Technology Inc's reported net margin?

Micron Technology Inc's fresh reported margin field is 55.69%. The Financials page shows the supporting period data currently available for MU.