Micron Technology MU

Memory chips (DRAM & NAND). Micron Technology, Inc., listed on NASDAQ.

Based on the FY2026 annual report (Aug 2025 – Sep 2026)

Micron Technology's market cap is
about $742.4 billion.

#13 by market cap among 289 companies, based on the Nov 5, 2026 close. FY2026 revenue was $133.188B.

Share price (close): $656.39; Close on Nov 5, 2026 · per share
P/E ratio: 8.8x; Closing price ÷ latest annual EPS
Market cap: $742.4B; #13 of 289
Revenue: $133.188B; #25 of 299 · +256.3% YoY
Operating income: $99.34B; #5 of 231 · +916.8% YoY
Net income: $84.969B; #5 of 298 · +895.1% YoY
Free cash flow: $58.963B; #5 of 261 · +3435.0% YoY
Total assets: $195.888B; #45 of 299 · +136.6% YoY
Dividends paid: $610M; #166 of 214 · +16.9% YoY
Dividend per share: $0.53; #192 of 205 · +15.2% YoY
Dividend yield: 0.1%; #199 of 203
Shares outstanding: 1,131,000,000 shares; As of Sep 3, 2026

Where the revenue went

Revenue is set at 100% and split into what went to costs, R&D, operating expenses and taxes, and what was left as profit.

Cost of revenue19.3%
R&D4.2%
SG&A and other1.9%
Taxes, interest & other10.8%
Net income63.8%

Profitability and stability

Each figure comes with its rank among 300 companies. The further right the dot, the higher the rank.

Revenue growthHow much revenue grew from the previous fiscal year: +256.3%; #1 of 299; Revenue grew sharply over the year. The median across 299 companies is +7.9%.
Operating marginShare of revenue kept as profit from the core business: 74.6%; #2 of 231; 74.6% of revenue was kept as operating profit, which is very high. The median across 231 companies is 19.2%.
Net marginShare of revenue left as profit after interest and taxes: 63.8%; #3 of 298; After taxes, 63.8% of revenue was left as net income. The median across 298 companies is 14.0%.
FCF marginShare of revenue left as cash after capital spending: 44.3%; #14 of 261; Plenty of cash is left after capital spending. The median across 261 companies is 15.8%.
ROEHow much profit the company earned on shareholders' equity in a year: 88.3%; #20 of 276; Earns a lot relative to its equity. The median across 276 companies is 16.8%.
Debt-to-equityLiabilities relative to equity. Lower means less debt: 41.6%; #16 of 244; Liabilities are smaller than equity. The median across 244 companies is 159.6%.

Revenue and profit over time

Gray bars show revenue and the green part inside shows net income. The number above each bar is revenue (abbreviated) and the number below is net margin. Hover over a bar to see the exact amounts.

Currency: US dollars. Years are the years in which each fiscal year ended.

Where the cash went

Unlike profit, cash flow is money that actually came in and went out.

Cash from operations$89.675B
Capital spending−$30.712B
Free cash flow (FCF)$58.963B
Dividends paid−$610M

Whose money funds the assets

The company's assets, split into borrowed money (liabilities) and shareholders' money (equity).

Liabilities 29%Equity 71%

Total assets$195.888B
Total liabilities$57.51B
Total equity$138.378B
Cash and equivalents$38.364B

Compared with similar companies

Based on each company's latest annual report, so fiscal year ends may differ.

Compare in detail

Company	Annual revenue	Net income	Revenue growth	Operating margin	Net margin
Micron TechnologyMU	$133.188B	$84.969B	+256.3%	74.6%	63.8%
AMDAMD	$34.639B	$4.335B	+34.3%	10.7%	12.5%
BroadcomAVGO	$63.887B	$23.126B	+23.9%	39.9%	36.2%
TSMCTSM	NT$2,894.3077B	NT$1,158.3802B	+33.9%	45.7%	40.0%
IntelINTC	$52.853B	−$267M	−0.5%	−4.2%	−0.5%

What the company does

Micron is the largest US memory chipmaker, producing DRAM, NAND flash and high-bandwidth memory (HBM) for AI servers.

The fiscal year ends around September each year.

Related companies: AMD, Broadcom, TSMC, Intel

Financial statements

Last 5 fiscal years. Currency: US dollars.

Show the table

Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	30.758B	15.54B	25.111B	37.378B	133.188B
Cost of revenue	16.86B	16.956B	19.498B	22.505B	25.684B
Gross profit	13.898B	−1.416B	5.613B	14.873B	107.504B
R&D expense	3.116B	3.114B	3.43B	3.798B	5.65B
Operating income	9.702B	−5.745B	1.304B	9.77B	99.34B
Pretax income	9.571B	−5.658B	1.24B	9.654B	99.671B
Net income	8.687B	−5.833B	778M	8.539B	84.969B
EPS (diluted)	$7.75	$-5.34	$0.70	$7.59	$74.33
Operating cash flow	15.181B	1.559B	8.507B	17.525B	89.675B
Capital expenditures	12.067B	7.676B	8.386B	15.857B	30.712B
Free cash flow (FCF)	3.114B	−6.117B	121M	1.668B	58.963B
Dividends paid	461M	504M	513M	522M	610M
Total assets	66.283B	64.254B	69.416B	82.798B	195.888B
Total liabilities	16.376B	20.134B	24.285B	28.633B	57.51B
Total equity	49.907B	44.12B	45.131B	54.165B	138.378B
Cash and equivalents	8.339B	8.656B	7.052B	9.642B	38.364B
Original filing	10-K	10-K	10-K	10-K	10-K

Source: SEC EDGAR filings for Micron Technology, Inc. · CIK 0000723125 · US-GAAP

Micron Technology's market cap isabout $742.4 billion.