Friday 16 October 2026 Export MU’s income statement to Excel — free account

Micron Technology, Inc.

Micron Technology, Inc.’s revenue for fiscal 2026 (year ended August 2026) was $133.2 billion, up 256.3% from fiscal 2025. In the quarter to August 2026, revenue grew 379.3%, EPS grew 1,066.4%, free cash flow grew 45,543.1% and total debt fell 64.5%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for five consecutive years, revenue growth for three, operating cash flow growth for three; insiders bought in the last twelve months.

902.57 28.67 −3.08%

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Market cap: $1.05T
P/E: 12.4×
Fwd P/E: 14.7×
Dividend yield: 0.06%
F-score: 8/9
Altman Z: 14.96
Beneish M: 0.34
Dividend safety: 82/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Receivables outpacing revenue Oct 9, 2026

All filings →

Insider Decisions trades per month

Total buys 7.82

Total sells 223.81

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	1	—	—	—	—	—	—	—	—	—
Sell	1	2	3	1	—	4	5	4	4	2	—	2

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 1,053,630.00

Revenue 133,188.00

Net Income 84,969.00

Free Cash Flow 58,963.00

Net Debt (38,255.00)

Current Ratio 3.31

Debt/Equity 0.04

P/E ratio 12.37

Fwd P/E 14.70

P/S ratio 7.88

P/B ratio 7.58

Past 5Y EPS Growth 70.62%

This Y EPS Growth 131.97%

Next Y EPS Growth 19.95%

Next Y revenue growth 247.91%

Next 5Y EPS Growth 42.36%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 41.14%

10-year low 10-year high

P/S against its own 10 years 93.44%

10-year low 10-year high

P/B against its own 10 years 94.99%

10-year low 10-year high

EV/Sales against its own 10 years 92.07%

10-year low 10-year high

EV/FCF against its own 10 years 42.09%

10-year low 10-year high

Dividends

Payout Ratio 0.01

Annual Dividend Rate 0.57

Annual Dividend Yield 0.06%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.53	0.15 0.15 0.15
2025	0.46	0.12 0.12 0.12 0.12
2024	0.46	0.12 0.12 0.12 0.12
2023	0.46	0.12 0.12 0.12 0.12
2022	0.45	0.10 0.12 0.12 0.12
2021	0.20	0.10 0.10
2020	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	2026
Cash	9,594	8,106	10,307	43,434
Receivables	2,443	6,615	9,265	36,197
Inventory	8,387	8,875	8,355	10,372
Other	820	776	914	1,067
	21,244	24,372	28,841	91,070

	2023	2024	2025	2026
Payables	3,958	7,299	9,649	22,605
ST’ Debt	278	431	560	491
Other	529	1,518	1,245	4,386
	4,765	9,248	11,454	27,482

Compound Annual Growth %

	10y	5y	3y
Sales	26.80%	36.89%	104.65%
Cash Flow	39.70%	48.38%	286.02%
Earnings	0.00%	70.71%	0.00%
Book Value	26.75%	25.79%	46.38%

Revenue $m

	Nov	Feb	May	Aug	Year
’26	—	—	—	—	—
’26	13,643	23,860	41,456	54,229	133,188
’25	8,709	8,053	9,301	11,315	37,378
’24	4,726	5,824	6,811	7,750	25,111
’23	4,085	3,693	3,752	4,010	15,540
’22	7,687	7,786	8,642	6,643	30,758
’21	5,773	6,236	7,422	8,274	27,705

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Nov	Feb	May	Aug	Year
’26	—	—	—	—	—
’26	8,411	11,903	25,388	43,973	89,675
’25	3,244	3,942	4,609	5,730	17,525
’24	1,401	1,219	2,482	3,405	8,507
’23	943	343	24	249	1,559
’22	3,938	3,628	3,838	3,777	15,181
’21	1,967	3,057	3,560	3,884	12,468

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Nov	Feb	May	Aug	Year
’26	—	—	—	—	—
’26	3,022	5,516	17,562	32,863	58,963
’25	38	(113)	1,671	72	1,668
’24	(395)	(165)	396	285	121
’23	(1,506)	(1,862)	(1,537)	(1,212)	(6,117)
’22	1,566	1,017	1,255	164	4,002
’21	(771)	39	1,301	1,869	2,438

Fiscal quarters ending in the months shown.

EPS $

	Nov	Feb	May	Aug	Year
’26	—	—	—	—	—
’26	4.60	12.07	24.67	32.87	74.33
’25	1.67	1.41	1.68	2.83	7.59
’24	(1.12)	0.71	0.30	0.79	0.70
’23	(0.18)	(2.12)	(1.73)	(1.31)	(5.34)
’22	2.04	2.00	2.34	1.35	7.75
’21	0.71	0.53	1.52	2.39	5.14

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	21.49	28.39	30.75	31.13	65.67	48.43	49.55	79.15	61.54	294.86	Analyst estimates 2027–2029 Powerpack
	High	49.89	64.66	56.11	75.68	96.96	98.45	87.87	157.54	298.83	1,255.00
People
People	Employees	34,100	36,000	37,000	40,000	43,000	48,000	43,000	48,000	53,000	61,000
	Revenue/emp, $m	0.60	0.84	0.63	0.54	0.64	0.64	0.36	0.52	0.71	2.18
Income, $m
Income, $m	Revenue	20,322	30,391	23,406	21,435	27,705	30,758	15,540	25,111	37,378	133,188
	Gross margin, %	41.51	58.87	45.72	30.57	37.62	45.18	(9.11)	22.35	39.79	80.72
	EBT	5,196	14,307	7,048	2,983	6,218	9,571	(5,658)	1,240	9,654	99,671
	EBT margin, %	25.57	47.08	30.11	13.92	22.44	31.12	(36.41)	4.94	25.83	74.83
	Net income	5,090	14,138	6,358	2,710	5,861	8,687	(5,833)	778	8,539	84,969
	Depreciation	3,986	4,860	5,473	5,650	6,214	7,116	7,857	7,780	8,352	9,503
Per share, $
Per share, $	Revenue	18.66	26.38	21.01	19.31	24.74	27.66	14.22	22.72	33.49	118.18
	Earnings	4.67	12.27	5.67	2.42	5.23	7.81	(5.34)	0.70	7.65	75.38
	Cash flow	7.49	15.10	11.84	7.48	11.13	13.65	1.43	7.70	15.70	79.57
	Capex	(4.35)	(7.71)	(8.78)	(7.41)	(8.96)	(10.05)	(7.02)	(7.59)	(14.21)	(27.25)
	Free cash flow	3.14	7.40	3.06	0.07	2.18	3.60	(5.60)	0.11	1.49	52.32
	Book value	17.88	28.79	33.01	35.13	39.23	44.88	40.37	40.84	48.53	122.78
	Shares, m	1,089	1,152	1,114	1,110	1,120	1,112	1,093	1,105	1,116	1,127
Valuation, ×
Valuation, ×	P/E	6.95	4.29	7.99	18.81	14.09	7.25	0.00	126.54	15.49	12.73
	P/S	1.71	1.99	2.14	2.36	2.98	2.04	4.92	3.90	3.54	8.11
	P/B	1.79	1.82	1.36	1.30	1.88	1.26	1.73	2.17	2.44	7.81
	EV/Sales	2.00	1.92	2.05	2.29	2.91	1.96	5.16	4.11	3.65	7.83
	EV/FCF	11.86	6.85	14.08	590.57	33.10	15.10	(13.11)	852.66	81.83	17.68
Cash, $m
Cash, $m	Operating cash flow	8,153	17,400	13,189	8,306	12,468	15,181	1,559	8,507	17,525	89,675
	Capex	(4,734)	(8,879)	(9,780)	(8,223)	(10,030)	(11,179)	(7,676)	(8,386)	(15,857)	(30,712)
	Free cash flow	3,419	8,521	3,409	83	2,438	4,002	(6,117)	121	1,668	58,963
Balance, $m
Balance, $m	Working capital	7,123	10,285	10,113	11,330	13,483	14,242	16,479	15,124	17,387	63,588
	Total debt	11,155	4,639	5,851	6,643	6,776	6,906	13,330	13,397	14,577	5,179
	Net debt	5,727	(2,163)	(2,104)	(1,499)	(1,857)	(2,425)	3,736	5,291	4,270	(38,255)
	Shareholders’ equity	19,470	33,164	36,770	38,996	43,933	49,907	44,120	45,131	54,165	138,378
Returns, %
Returns, %	ROA	16.19	35.92	13.68	5.24	10.42	13.88	(8.94)	1.16	11.22	60.98
	ROIC	14.56	30.23	13.30	5.01	9.33	12.77	(7.50)	1.62	10.45	62.01
	ROE	31.42	53.71	18.05	7.09	14.13	18.51	(12.41)	1.74	17.20	88.26

Negative figures in brackets.

All 10 years →

Fiscal years to Aug 2026 · latest quarter Aug 2026 · fundamentals updated 15 Oct 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
TSM Taiwan Semiconductor Manufacturing Company Ltd.	$2.19T	30.4×	—	+32.70% (above 0%: growing)	+74.49% (above 0%: growing)	+24.55% (above 0%: growing)	67.72%	60.34%	Compare
AVGO Broadcom Inc.	$1.64T	42.7×	42.6×	+85.50% (above 0%: growing)	+212.50% (above 0%: growing)	+94.55% (above 0%: growing)	69.13%	53.92%	Compare
MU Micron Technology, Inc.	$1.05T	12.4×	14.7×	+379.27% (above 0%: growing)	+1,066.43% (above 0%: growing)	+45,543.06% (above 0%: growing)	86.76%	80.68%
AMD Advanced Micro Devices, Inc.	$917.8B	142×	35.9×	+50.11% (above 0%: growing)	+161.11% (above 0%: growing)	−8.73% (below 0%: shrinking)	53.77%	17.25%	Compare
INTC Intel Corporation	$504.1B	— (loss-making)	— (loss-making)	+25.42% (above 0%: growing)	n/m	+396.67% (above 0%: growing)	40.36%	11.14%	Compare
ARM ARM Holdings PLC Sponsored ADR	$261.4B	252×	281×	+22.41% (above 0%: growing)	+108.33% (above 0%: growing)	+305.85% (above 0%: growing)	97.21%	7.06%	Compare
TXN Texas Instruments Incorporated	$254.9B	42.1×	37.1×	+22.82% (above 0%: growing)	+51.75% (above 0%: growing)	+300.18% (above 0%: growing)	61.36%	42.28%	Compare
MRVL Marvell Technology, Inc.	$211.5B	78.6×	143×	+36.55% (above 0%: growing)	+47.83% (above 0%: growing)	+14.45% (above 0%: growing)	53.14%	16.78%	Compare
ADI Analog Devices, Inc.	$195.7B	47.7×	— (loss-making)	+39.63% (above 0%: growing)	+162.86% (above 0%: growing)	+34.29% (above 0%: growing)	67.32%	40.10%	Compare
Median of peers	$382.8B	47.7×	42.6×	+34.63%	+108.33%	+64.42%	64.34%	28.68%

All 67 Semiconductors stocks →

Micron Technology, Inc. (MU) key facts

Strength: Micron Technology, Inc.’s revenue for fiscal 2026 (year ended August 2026) was $133.2 billion, up 256.3% from fiscal 2025.
Strength: Net income was $85.0 billion, or $75.38 per share (basic), a net margin of 63.8%.
Micron Technology, Inc. (MU) is a Semiconductors company in the Technology sector, listed on Nasdaq.
As of October 15, 2026, MU traded at $931.24, a market capitalization of $1.05 trillion.
At that price the stock trades at 12.4× trailing-twelve-month earnings and 7.9× sales; its P/E is higher than 41% of its own readings over the past ten years.
Micron Technology, Inc. pays an annual dividend of $0.57 per share, a yield of 0.06%, with a payout ratio of 0.76%.
Return on equity was 88.3% and debt-to-equity 0.04.
Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 14.96 (safe zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations · fundamentals updated Oct 15, 2026.

Financial Analysis (summary)

Updated 14 October 2026

Micron Technology reported revenue of $133.2 billion and net income of $85.0 billion in FY2026. Revenue growth was 256.3% in FY2026 against FY2025, while gross margin reached 80.7% in FY2026. Free cash flow was $59.0 billion in FY2026, following capital expenditure of $30.7 billion in FY2026.

In Q4 FY2026, revenue was $54.2 billion, net income was $37.7 billion, and free cash flow was $32.9 billion. Cash and short-term investments were $43.4 billion in FY2026, while net debt was −$38.3 billion in FY2026. As of October 12, 2026, market capitalisation was $1.11 trillion and P/E was 13.1×.

Read the full analysis →