Micron Technology, Inc.
Financial Performance
Micron Revenue & Financials
Revenue
$133.2B (FY2026)
Market Cap
$1.15T
Net Income
$85B
Employees
53,000
What is Micron's revenue?
Micron had $133.2B in revenue for fiscal year 2026, up 256.3% from 2025. Net income was $85B.
- Latest revenue
- $133.2B (FY2026)
- Year-over-year
- +256.3%
- Growth rate (CAGR)
- 26.8% over 10 years
- Peak revenue
- $133.2B (FY2026)
- Years of data
- 11
- Employees
- 53,000
- What is Micron's operating income?
- Micron reported operating income of $9.8B for fiscal year 2025. sec.gov
- How much profit does Micron make?
- Micron reported net income of $85B for fiscal year 2026. investors.micron.com
- How many employees does Micron have?
- Micron has about 53,000 employees.
Financial Analysis
Micron's results swing with memory pricing. Revenue fell from $30.76B in fiscal 2022 to $15.54B in fiscal 2023, with a $5.83B net loss, then recovered to $25.11B in fiscal 2024 and $37.38B in fiscal 2025. Fiscal 2026 was a step change: revenue reached $133.19B, GAAP gross margin rose to 80.7% from 39.8%, and GAAP net income hit $84.97B. Fiscal Q4 2026 alone produced $54.23B of revenue and $37.70B of net income. Operating cash flow was $89.68B for the year, and Micron ended it with $73.48B of cash, marketable investments and restricted cash. Micron Technology, Inc. is a massive American producer of computer memory and computer data storage, commanding a market valuation generally exceeding $130 billion.
Revenue Trend Analysis
YoY Change
+256.3%
10-Year CAGR
+26.8%
Peak Year
2026
Trend
Mostly Growing
Micron Technology, Inc. has 11 full fiscal year figures on this page, compounding at +26.8% annually over 10 years. The most recent year saw a 256.3% increase versus the prior year. Annual revenue peaked in fiscal year 2026 at $133.2B. Of 10 comparable year-over-year steps, 7 showed growth and 3 showed a decline.
Annual revenue history
Click any row to see year details.
Micron Technology, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Aug 28, 2025 | $17.5B | $15.9B | $82.8B | $28.6B | $54.2B | $1.7B | Form 10-K |
| FY2024ended Aug 29, 2024 | $8.5B | $8.4B | $69.4B | $24.3B | $45.1B | $121M | Form 10-K |
| FY2023ended Aug 31, 2023 | $1.6B | $7.7B | $64.3B | $20.1B | $44.1B | -$6.1B | Form 10-K |
| FY2022ended Sep 1, 2022 | $15.2B | $12.1B | $66.3B | $16.4B | $49.9B | $3.1B | Form 10-K |
| FY2021ended Sep 2, 2021 | $12.5B | $10B | $58.8B | $14.9B | $43.9B | $2.4B | Form 10-K |
| FY2020ended Sep 3, 2020 | $8.3B | $8.2B | $53.7B | $14.7B | $39B | $83M | Form 10-K |
| FY2019ended Aug 29, 2019 | $13.2B | $9.8B | $48.9B | $12B | $35.9B | $3.4B | Form 10-K |
| FY2018ended Aug 30, 2018 | $17.4B | $8.9B | $43.4B | $10.1B | $32.3B | $8.5B | Form 10-K |
| FY2017ended Aug 31, 2017 | $8.2B | $4.7B | $35.3B | $15.8B | $18.6B | $3.4B | Form 10-K |
| FY2016ended Sep 1, 2016 | $3.2B | $5.8B | $27.5B | $14.6B | $12.1B | -$2.6B | Form 10-K |
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Micron Revenue and Financial FAQ
What is Micron Technology's annual revenue and semiconductor cycle volatility?
Micron reported revenue of $133.19 billion for fiscal 2026, up from $37.38 billion in fiscal 2025 and $25.11 billion in fiscal 2024. In the fiscal 2023 downturn revenue fell to $15.54 billion with a $5.83 billion net loss.
What are Micron's gross margins, operating profits, and net income?
In fiscal 2026 Micron's GAAP gross margin was 80.7%, operating income was $99.34 billion, and GAAP net income was $84.97 billion ($74.33 per diluted share). In fiscal 2025 the comparable figures were a 39.8% gross margin, $9.77 billion operating income and $8.54 billion net income ($7.59 per share).
What is Micron's public market capitalization on the NASDAQ?
Micron trades under the ticker symbol MU on the NASDAQ, and first passed a $1 trillion market capitalization in May 2026. Its market value was roughly $1.15 trillion in mid-September 2026.
What is Micron's annual capital expenditure (CapEx) on semiconductor fabrication?
Micron's net capital expenditures were $27.37 billion in fiscal 2026, including $10.77 billion in fiscal Q4, funding fabs in Idaho and New York, EUV tools and HBM packaging capacity. Management said it plans higher capital spending in fiscal 2027.
How much federal funding did Micron secure under the US CHIPS and Science Act?
In April 2024, the US Department of Commerce awarded Micron $6.14 billion in direct federal grant funding under the CHIPS Act (alongside up to $7.5 billion in federal loans and 25% investment tax credits) to construct leading-edge memory mega-fabs in Clay, New York, and Boise, Idaho.
What is Micron's dividend and share repurchase track record?
Micron pays a regular quarterly cash dividend ($0.115 per share, ~$460M annually) and opportunistically executes multi-billion-dollar share buyback programs, returning over 50% of cross-cycle free cash flow to shareholders.
What credit ratings does Micron maintain on its corporate bonds?
Micron maintains solid investment-grade credit ratings (Baa3 from Moody's and BBB- from S&P Global), supported by substantial cash reserves ($8B to $10B in liquidity) and conservative balance sheet debt management.
How much revenue does High-Bandwidth Memory (HBM) contribute to Micron's top line?
Driven by sold-out allocations for NVIDIA AI accelerators, Micron's HBM revenue grew from negligible amounts to multi-billions annually, generating significantly higher gross margins (~60%+) and transforming Micron's financial margin profile.
Why are Micron's financial earnings historically volatile?
Memory chips are largely commoditized components sold at fluctuating spot and contract market prices. During periods of undersupply, memory prices skyrocket, delivering 45%+ gross margins and tens of billions in cash. Conversely, during industry inventory gluts (such as 2022-2023), memory prices collapse below cash manufacturing costs, forcing Micron to record massive inventory write-downs and multi-billion-dollar net losses.
How much funding did Micron receive from the US CHIPS Act?
In 2024, the US Department of Commerce awarded Micron $6.1 billion in direct grants under the CHIPS and Science Act, supplemented by billions in local tax credits. This federal funding supports the construction of a massive $100 billion semiconductor mega-fab complex in Clay, New York (near Syracuse), and a $15 billion memory R&D and manufacturing facility in Boise, Idaho.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Micron Revenue & Financials." CorpDigest, https://corpdigest.com/company/micron/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Micron reported $133.2B in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/micron/financials" target="_blank" rel="noopener">CorpDigest — Micron financials</a></div>Related Financial Audits
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