Micron TechnologyMU
Makes memory chips (DRAM and NAND flash), including the high-bandwidth memory used alongside AI processors.
By financial year
| Figure | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Income | |||||
| Revenue | $30.8bn | $15.5bn | $25.1bn | $37.4bn | $133.2bn |
| Gross profit | $13.9bn | −$1.4bn | $5.6bn | $14.9bn | $107.5bn |
| Operating income | $9.7bn | −$5.7bn | $1.3bn | $9.8bn | $99.3bn |
| Net income | $8.7bn | −$5.8bn | $778m | $8.5bn | $85.0bn |
| Earnings per share (diluted) | $7.75 | −$5.34 | $0.70 | $7.59 | $74.33 |
| Cash flow | |||||
| Cash from operations | $15.2bn | $1.6bn | $8.5bn | $17.5bn | $89.7bn |
| Capital spending | $12.1bn | $7.7bn | $8.4bn | $15.9bn | $30.7bn |
| Free cash flow | $3.1bn | −$6.1bn | $121m | $1.7bn | $59.0bn |
| Share buybacks | $2.4bn | $425m | $300m | $0 | $650m |
| Balance sheet (at the end of the period) | |||||
| Cash and investments | $9.3bn | $9.6bn | $8.1bn | $10.3bn | $43.4bn |
| Total debt | $6.0bn | $12.0bn | $11.3bn | $11.5bn | $2.8bn |
| Net debt (debt less cash) | −$3.3bn | $2.5bn | $3.2bn | $1.2bn | −$40.6bn |
| Shareholders’ equity | $49.9bn | $44.1bn | $45.1bn | $54.2bn | $138.4bn |
| Shares (diluted average) | 1.12bn | 1.09bn | 1.12bn | 1.13bn | 1.14bn |
By quarter
| Figure | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | $8.7bn | $8.1bn | $9.3bn | $11.3bn | $13.6bn | $23.9bn | $41.5bn | $54.2bn |
| Gross profit | $3.3bn | $3.0bn | $3.5bn | $5.1bn | $7.6bn | $17.8bn | $35.1bn | $47.0bn |
| Operating income | $2.2bn | $1.8bn | $2.2bn | $3.7bn | $6.1bn | $16.1bn | $33.3bn | $43.8bn |
| Net income | $1.9bn | $1.6bn | $1.9bn | $3.2bn | $5.2bn | $13.8bn | $28.2bn | $37.7bn |
| Earnings per share (diluted) | $1.67 | $1.41 | $1.68 | — | $4.60 | $12.07 | $24.67 | — |
| Cash flow | ||||||||
| Cash from operations | $3.2bn | $3.9bn | $4.6bn | $5.7bn | $8.4bn | $11.9bn | $25.4bn | $44.0bn |
| Capital spending | $3.2bn | $4.1bn | $2.9bn | $5.7bn | $5.4bn | $6.4bn | $7.8bn | $11.1bn |
| Free cash flow | $38m | −$113m | $1.7bn | $72m | $3.0bn | $5.5bn | $17.6bn | $32.9bn |
| Share buybacks | $0 | $0 | $0 | $0 | $300m | $350m | $0 | $0 |
| Balance sheet (at the end of the period) | ||||||||
| Cash and investments | $7.6bn | $8.2bn | $10.8bn | $10.3bn | $10.3bn | $14.6bn | $26.0bn | $43.4bn |
| Total debt | $11.3bn | $11.5bn | $12.4bn | $11.5bn | $8.8bn | $10.1bn | $5.7bn | $2.8bn |
| Net debt (debt less cash) | $3.7bn | $3.3bn | $1.6bn | $1.2bn | −$1.5bn | −$4.4bn | −$20.3bn | −$40.6bn |
| Shareholders’ equity | $46.8bn | $48.6bn | $50.7bn | $54.2bn | $58.8bn | $72.5bn | $100.7bn | $138.4bn |
| Shares (diluted average) | 1.12bn | 1.12bn | 1.13bn | — | 1.14bn | 1.14bn | 1.15bn | — |
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