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Stocks · Technology · Semiconductors & Related Devices

Micron Technology

MU Clue Score71
United States Fiscal year ends September CIK 0000723125
$1,029.00 -0.66% Close, 9 Oct 2026
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Price $1,029.00 +3.77% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 28 Apr 2026. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue20.32Operating income5.87Net income5.09EPS, diluted4.41Fiscal year 2018Revenue30.39 +49.5%Operating income14.99Net income14.14 +177.8%EPS, diluted11.51 +161.0%Fiscal year 2019Revenue23.41 −23.0%Operating income7.38Net income6.31 −55.3%EPS, diluted5.51 −52.1%Fiscal year 2020Revenue21.44 −8.4%Operating income3.00Net income2.69 −57.4%EPS, diluted2.37 −57.0%Fiscal year 2021Revenue27.71 +29.3%Operating income6.28Net income5.86 +118.1%EPS, diluted5.14 +116.9%Fiscal year 2022Revenue30.76 +11.0%Operating income9.70Net income8.69 +48.2%EPS, diluted7.75 +50.8%Fiscal year 2023Revenue15.54 −49.5%Operating income−5.75Net income−5.83 −167.1%EPS, diluted−5.34 −168.9%Fiscal year 2024Revenue25.11 +61.6%Operating income1.30Net income0.78EPS, diluted0.70Fiscal year 2025Revenue37.38 +48.9%Operating income9.77Net income8.54 +997.6%EPS, diluted7.59 +984.3%Fiscal year 2026Revenue133.19 +256.3%Operating income99.34Net income84.97 +895.1%EPS, diluted74.33 +879.3%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 20.32 30.39 23.41 21.44 27.71 30.76 15.54 25.11 37.38 133.19
Growth +49.5% −23.0% −8.4% +29.3% +11.0% −49.5% +61.6% +48.9% +256.3%
Operating income 5.87 14.99 7.38 3.00 6.28 9.70 −5.75 1.30 9.77 99.34
Net income 5.09 14.14 6.31 2.69 5.86 8.69 −5.83 0.78 8.54 84.97
Growth +177.8% −55.3% −57.4% +118.1% +48.2% −167.1% +997.6% +895.1%
EPS, diluted 4.41 11.51 5.51 2.37 5.14 7.75 −5.34 0.70 7.59 74.33
Growth +161.0% −52.1% −57.0% +116.9% +50.8% −168.9% +984.3% +879.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin41.5%Operating margin28.9%Net margin25.0%Free cash flow margin16.8%Fiscal year 2018Gross margin58.9%Operating margin49.3%Net margin46.5%Free cash flow margin28.0%Fiscal year 2019Gross margin45.7%Operating margin31.5%Net margin27.0%Free cash flow margin14.6%Fiscal year 2020Gross margin30.6%Operating margin14.0%Net margin12.5%Free cash flow margin0.4%Fiscal year 2021Gross margin37.6%Operating margin22.7%Net margin21.2%Free cash flow margin8.8%Fiscal year 2022Gross margin45.2%Operating margin31.5%Net margin28.2%Free cash flow margin10.1%Fiscal year 2023Gross margin−9.1%Operating margin−37.0%Net margin−37.5%Free cash flow margin−39.4%Fiscal year 2024Gross margin22.4%Operating margin5.2%Net margin3.1%Free cash flow margin0.5%Fiscal year 2025Gross margin39.8%Operating margin26.1%Net margin22.8%Free cash flow margin4.5%Fiscal year 2026Gross margin80.7%Operating margin74.6%Net margin63.8%Free cash flow margin44.3%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 41.5% 58.9% 45.7% 30.6% 37.6% 45.2% −9.1% 22.4% 39.8% 80.7%
Operating margin 28.9% 49.3% 31.5% 14.0% 22.7% 31.5% −37.0% 5.2% 26.1% 74.6%
Net margin 25.0% 46.5% 27.0% 12.5% 21.2% 28.2% −37.5% 3.1% 22.8% 63.8%
Free cash flow margin 16.8% 28.0% 14.6% 0.4% 8.8% 10.1% −39.4% 0.5% 4.5% 44.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow8.15Capital expenditure−4.73Free cash flow3.42Buybacks−0.04Fiscal year 2018Operating cash flow17.40Capital expenditure−8.88Free cash flow8.52 +149.2%Buybacks−0.07Fiscal year 2019Operating cash flow13.19Capital expenditure−9.78Free cash flow3.41 −60.0%Buybacks−2.73Fiscal year 2020Operating cash flow8.31Capital expenditure−8.22Free cash flow0.08 −97.6%Buybacks−0.18Dividends paid0.00Fiscal year 2021Operating cash flow12.47Capital expenditure−10.03Free cash flow2.44 +2,837.3%Buybacks−1.20Dividends paid0.00Fiscal year 2022Operating cash flow15.18Capital expenditure−12.07Free cash flow3.11 +27.7%Buybacks−2.43Dividends paid−0.46Fiscal year 2023Operating cash flow1.56Capital expenditure−7.68Free cash flow−6.12 −296.4%Buybacks−0.43Dividends paid−0.50Fiscal year 2024Operating cash flow8.51Capital expenditure−8.39Free cash flow0.12Buybacks−0.30Dividends paid−0.51Fiscal year 2025Operating cash flow17.53Capital expenditure−15.86Free cash flow1.67 +1,278.5%Buybacks0.00Dividends paid−0.52Fiscal year 2026Operating cash flow89.68Capital expenditure−30.71Free cash flow58.96 +3,435.0%Buybacks−0.65Dividends paid−0.61
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 8.15 17.40 13.19 8.31 12.47 15.18 1.56 8.51 17.53 89.68
Capital expenditure −4.73 −8.88 −9.78 −8.22 −10.03 −12.07 −7.68 −8.39 −15.86 −30.71
Free cash flow 3.42 8.52 3.41 0.08 2.44 3.11 −6.12 0.12 1.67 58.96
Growth +149.2% −60.0% −97.6% +2,837.3% +27.7% −296.4% +1,278.5% +3,435.0%
Buybacks −0.04 −0.07 −2.73 −0.18 −1.20 −2.43 −0.43 −0.30 0.00 −0.65
Dividends paid n/a n/a n/a 0.00 0.00 −0.46 −0.50 −0.51 −0.52 −0.61

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash5.11Shareholders’ equity18.62Fiscal year 2018Cash6.51Shareholders’ equity32.29Fiscal year 2019Cash7.15Shareholders’ equity35.88Fiscal year 2020Cash7.62Total debt6.16Net cash (debt)1.47Shareholders’ equity39.00Debt to equity0.16Fiscal year 2021Cash7.76Total debt5.97Net cash (debt)1.80Shareholders’ equity43.93Debt to equity0.14Fiscal year 2022Cash8.26Total debt6.02Net cash (debt)2.24Shareholders’ equity49.91Debt to equity0.12Fiscal year 2023Cash8.58Total debt12.05Net cash (debt)−3.47Shareholders’ equity44.12Debt to equity0.27Fiscal year 2024Cash7.04Total debt11.34Net cash (debt)−4.30Shareholders’ equity45.13Debt to equity0.25Fiscal year 2025Cash9.64Total debt11.53Net cash (debt)−1.89Shareholders’ equity54.17Debt to equity0.21Fiscal year 2026Cash38.36Total debt2.79Net cash (debt)35.57Shareholders’ equity138.38Debt to equity0.02
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 5.11 6.51 7.15 7.62 7.76 8.26 8.58 7.04 9.64 38.36
Total debt n/a n/a n/a 6.16 5.97 6.02 12.05 11.34 11.53 2.79
Net cash (debt) n/a n/a n/a 1.47 1.80 2.24 −3.47 −4.30 −1.89 35.57
Shareholders’ equity 18.62 32.29 35.88 39.00 43.93 49.91 44.12 45.13 54.17 138.38
Debt to equity n/a n/a n/a 0.16 0.14 0.12 0.27 0.25 0.21 0.02

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Balance sheet

In billions of USD, except per-share figures; shares in millions. Fiscal years ending September, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2009 3 Sep 2009 FY2010 2 Sep 2010 FY2011 1 Sep 2011 FY2012 30 Aug 2012 FY2013 29 Aug 2013 FY2014 28 Aug 2014 FY2015 3 Sep 2015 FY2016 1 Sep 2016 FY2017 31 Aug 2017 FY2018 30 Aug 2018 FY2019 29 Aug 2019 FY2020 3 Sep 2020 FY2021 2 Sep 2021 FY2022 1 Sep 2022 FY2023 31 Aug 2023 FY2024 29 Aug 2024 FY2025 28 Aug 2025 FY2026 3 Sep 2026
Assets
1.49 2.91 2.16 2.46 2.88 4.15 2.29 4.14 5.11 6.51 7.15 7.62 7.76 8.26 8.58 7.04 9.64 38.36
n/a 1.24 1.11 0.93 2.07 2.52 2.19 1.77 3.49 5.06 2.78 3.49 4.92 4.77 2.05 5.42 7.16 31.79
0.99 1.77 2.08 1.81 2.65 2.46 2.34 2.89 3.12 3.60 5.12 5.37 4.49 6.66 8.39 8.88 8.36 10.37
7.09 6.60 7.56 7.10 7.63 8.68 10.55 14.69 19.43 23.67 28.24 n/a n/a n/a n/a n/a n/a n/a
n/a n/a n/a n/a n/a n/a n/a 0.10 1.23 1.23 1.23 1.23 1.23 1.23 1.15 1.15 1.15 1.15
11.46 14.69 14.75 14.33 19.12 22.42 24.14 27.54 35.34 43.38 48.89 53.68 58.85 66.28 64.25 69.42 82.80 195.89
Growth +28.2% +0.4% −2.9% +33.4% +17.3% +7.7% +14.1% +28.3% +22.8% +12.7% +9.8% +9.6% +12.6% −3.1% +8.0% +19.3% +136.6%
Liabilities
0.42 0.71 0.14 0.22 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
2.38 1.65 1.86 3.04 n/a n/a n/a n/a n/a n/a n/a 6.16 5.97 6.02 12.05 11.34 11.53 2.79
calc 2.80 2.36 2.00 3.26 n/a n/a n/a n/a n/a n/a n/a 6.16 5.97 6.02 12.05 11.34 11.53 2.79
4.52 4.88 4.90 5.91 9.11 10.79 10.86 14.61 15.85 10.11 12.02 14.68 14.92 16.38 20.13 24.29 28.63 57.51
Equity
−2.39 −0.54 −0.37 −1.40 −0.21 2.73 5.59 5.30 10.26 24.40 30.76 33.38 39.05 47.27 40.82 40.88 48.58 131.85
4.95 8.02 8.47 7.70 9.14 10.76 12.30 12.08 18.62 32.29 35.88 39.00 43.93 49.91 44.12 45.13 54.17 138.38
Growth +61.9% +5.6% −9.1% +18.7% +17.7% +14.3% −1.8% +54.1% +73.4% +11.1% +8.7% +12.7% +13.6% −11.6% +2.3% +20.0% +155.5%
Per share and net cash
calc −1.32 0.55 0.16 −0.80 n/a n/a n/a n/a n/a n/a n/a 1.47 1.80 2.24 −3.47 −4.30 −1.89 35.57
848.7 994.5 984.3 1,018 1,044 1,073 1,084 1,040 1,112 1,161 1,106 1,113 1,119 1,094 1,098 1,109 1,122 1,131
calc 5.84 8.06 8.61 7.57 8.76 10.03 11.35 11.62 16.75 27.82 32.44 35.04 39.26 45.62 40.18 40.70 48.28 122.35

Lines marked calc are worked out here from filed figures; point at one for how.