Micron Technology (MU): financials, SEC filings and peers
Micron Technology (MU) is a semiconductors company in the Information Technology sector of the S&P 500, headquartered in Boise, Idaho.
It was founded in 1978 and joined the S&P 500 on September 27, 1994.
Micron Technology at a glance
- Revenue (12 months)
- $133.2B
- Revenue growth
- +256.3%
- Operating margin
- 74.6%
- Net income (12 months)
- $85.0B
- Free cash flow (12 months)
- $59.0B
- Cash
- $38.4B
- Debt
- $2.8B
- Diluted EPS (12 months)
- $74.27
Twelve months to September 3, 2026, from the 10-K filed October 9, 2026.
Latest twelve months
Over the twelve months to September 3, 2026, Micron Technology reported revenue of $133.2 billion, up a strong 256.3% from $37.4 billion a year earlier.
Its operating margin was 74.6%, up 48.4 percentage points from a year earlier: for every $100 of sales, about $75 was left as operating profit.
Net income was $85.0 billion (63.8% of revenue), 895.1% higher than a year earlier.
Operating cash flow was $89.7 billion and capital spending $30.7 billion, leaving free cash flow of $59.0 billion (44.3% of revenue). Capital spending equal to 23% of revenue is high; the company is investing heavily.
At the end of the period it held $38.4 billion in cash and $2.8 billion in debt, a net cash position of $35.6 billion.
The diluted share count fell 50.0% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $27.7 billion in fiscal 2021 to $133.2 billion in fiscal 2026, about 36.9% a year.
- Revenue has grown for 3 fiscal years in a row.
- Operating margin widened from 22.7% to 74.6% over the same years.
- Free cash flow was negative in 1 of the last 6 fiscal years.
- Micron Technology reported a net loss in 1 of the last 6 fiscal years.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $30.8B | $15.5B | $25.1B | $37.4B | $133.2B |
| Revenue growth | 11.0% | -49.5% | 61.6% | 48.9% | 256.3% |
| Operating margin | 31.5% | -37.0% | 5.2% | 26.1% | 74.6% |
| Net income | $8.7B | −$5.8B | $778M | $8.5B | $85.0B |
| Free cash flow | $3.1B | −$6.1B | $121M | $1.7B | $59.0B |
| Diluted EPS | $7.75 | $-5.34 | $0.70 | $7.59 | $74.33 |
Fiscal years as reported in Micron Technology’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Companies like Micron Technology
Other S&P 500 companies in Semiconductors:
- ADIAnalog DevicesWilmington, Massachusetts
- AMDAdvanced Micro DevicesSanta Clara, California
- AVGOBroadcomPalo Alto, California
- FSLRFirst SolarTempe, Arizona
- INTCIntelSanta Clara, California
- MCHPMicrochip TechnologyChandler, Arizona
- MPWRMonolithic Power SystemsKirkland, Washington
- MRVLMarvell TechnologySanta Clara, California
More from Information Technology
Questions about Micron Technology
Is Micron Technology's revenue growing?
Yes. Revenue for the twelve months to September 3, 2026 was $133.2 billion, up 256.3% from a year earlier, according to its SEC filings.
Is Micron Technology profitable?
Yes. It earned $85.0 billion in net income over the twelve months to September 3, 2026, a net margin of 63.8%.
Does Micron Technology have more cash or more debt?
At September 3, 2026 it had $38.4 billion in cash and $2.8 billion in debt, so more cash than debt.
Which companies are similar to Micron Technology?
In the S&P 500, Micron Technology is grouped in Semiconductors within the Information Technology sector. Analog Devices (ADI), Advanced Micro Devices (AMD), Broadcom (AVGO), First Solar (FSLR), Intel (INTC) are in the same group.
Understand the numbers
Source: Micron Technology’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.