Micron Technology
MU Nasdaq· Semiconductors
Last close · Oct 26, 2026
$903.70
KIRA · Stoqly’s AI analyst, in plain words
- Micron Technology had $133.2B of revenue in fiscal 2026, up 256.3% on the year before. Over five years, revenue changed +36.9% a year on average.
- Its operating margin was 74.6%, up 48.5 pts: of every 100 in sales, about 75 is left after running the business.
- Micron Technology made $85.0B of net profit in fiscal 2026. From fiscal 2017 to 2026, diluted EPS grew 36.9% a year.
- Free cash flow was $59.0B in fiscal 2026, 44.3% of revenue.
- Micron Technology returned $1.3B to shareholders in fiscal 2026, 2% of free cash flow. The diluted share count rose 1.6%.
- Micron Technology has $38.3B more cash than debt.
Market cap
$1.03T
P/E
—
Revenue
$133.2B
Net income
$85.0B
Free cash flow
$59.0B
Operating margin
74.6%
Micron Technology in 30 seconds · fiscal 2026
Are sales growing?
+256.3%
Yes. Sales grew 256.3% last year.
Does it make a profit?
63.8%
Yes. It keeps 63.8% of every sale as profit.
Does profit turn into cash?
44.3%
Yes. 44.3% of sales ends up as free cash.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
8 / 9
Solid. It passes 8 of 9 health tests.
What Micron Technology does
Micron makes memory and storage chips. Its main products are DRAM, a fast memory that loses its contents when the power is turned off, and NAND, which keeps data without power and goes into solid-state drives (SSDs), smartphones and other devices. It also makes NOR chips. It sells mainly through its own sales force, and also through distributors, retailers and independent sales representatives. Micron reports four business units as its segments. The Cloud Memory unit sells memory to large cloud companies and high-bandwidth memory (HBM), a stacked DRAM used for AI, to all data center customers; its revenue was $43.09 billion in fiscal 2026. The Core Data Center unit sells data center SSDs and memory to equipment makers, enterprises and AI-focused cloud providers ($37.59 billion). The Mobile and Client unit serves phones and PCs ($36.60 billion), and the Automotive and Embedded unit serves cars, industrial and consumer devices ($15.89 billion).
Biggest risks, in its own words
- Swings in the average prices it gets for its memory and storage chips.
- Intense competition, and the need to keep developing and producing new memory and storage technologies and products.
- Not earning the expected returns on new factory capacity, or losing government incentives that come with conditions.
- Its revenue being concentrated with certain customers and end markets.
- Fiscal year ends
- September 3, 2026
- Latest annual report
- 10-K · Oct 9, 2026
- Legal name
- Micron Technology, Inc.
- CIK
- 0000723125
Micron Technology · MU
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $30.8B | $15.5B | $25.1B | $37.4B | $133.2B |
| Revenue growth | 11.0% | −49.5% | 61.6% | 48.9% | 256.3% |
| Gross margin | 45.2% | −9.1% | 22.4% | 39.8% | 80.7% |
| Operating margin | 31.5% | −37.0% | 5.2% | 26.1% | 74.6% |
| Net income | $8.7B | −$5.8B | $778M | $8.5B | $85.0B |
| Net margin | 28.2% | −37.5% | 3.1% | 22.8% | 63.8% |
| Diluted EPS | $7.75 | −$5.34 | $0.70 | $7.59 | $74.33 |
| Cash | |||||
| Cash from operations | $15.2B | $1.6B | $8.5B | $17.5B | $89.7B |
| Capital expenditure | $12.1B | $7.7B | $8.4B | $15.9B | $30.7B |
| Free cash flow | $3.1B | −$6.1B | $121M | $1.7B | $59.0B |
| FCF margin | 10.1% | −39.4% | 0.5% | 4.5% | 44.3% |
| Dividends paid | $461M | $504M | $513M | $522M | $610M |
| Share buybacks | $2.4B | $425M | $300M | $0.0M | $650M |
| Share count change | −1.7% | −2.6% | 2.3% | 0.6% | 1.6% |
| Debt and strength | |||||
| Cash and short-term investments | $9.3B | $9.6B | $8.1B | $10.3B | $43.4B |
| Debt incl. finance leases | $6.9B | $13.3B | $13.4B | $14.6B | $5.2B |
| Shareholders' equity | $49.9B | $44.1B | $45.1B | $54.2B | $138.4B |
| Net debt / EBITDA | −0.1x | 1.9x | 0.6x | 0.2x | −0.4x |
| Current ratio | 2.9x | 4.5x | 2.6x | 2.5x | 3.3x |
| Interest coverage | 51.3x | −14.8x | 2.3x | 20.5x | 937.2x |
| Returns and quality | |||||
| Return on capital | 19.7% | −9.5% | 1.7% | 15.9% | 106.8% |
| Return on equity | 18.5% | −12.4% | 1.7% | 17.2% | 88.3% |
| Piotroski F-score | 8 | 4 | 7 | 7 | 8 |
| Altman Z'' | 7.9 | 5.5 | 5.4 | 6.1 | 10.3 |
Insiders bought, 12 months
$7.8M
1 insider
Insiders sold, 12 months
$375M
12 insiders
Of sales under plans
86%
$321M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Micron Technology · MU
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Micron Technology MU | $1.03T | 256.3% | 74.6% | 44.3% | 106.8% | — | 8 |
| Nvidia NVDA | $5.25T | 65.5% | 60.4% | 44.8% | — | 27.3x | 4 |
| Broadcom AVGO | $1.61T | 23.9% | 39.9% | 42.1% | 19.9% | 42.0x | 7 |
| Intel INTC | $461.8B | −0.5% | −4.2% | −9.4% | −0.8% | — | 6 |
| Qualcomm QCOM | $192.0B | 13.7% | 27.9% | 29.0% | 23.7% | 20.5x | 6 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $903.70 a share, the company is worth $1.03T.
Micron Technology grew sales faster than 4 of its 4 similar companies.
Source: SEC EDGAR XBRL filings (CIK 0000723125). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.