Earnings quality
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Micron Technology, Inc.
Ticker MU · 🇺🇸 United States · Consolidated US GAAP · amounts in dollars
Filed 2026-10-09 · Period end 2026-09-03
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 74.6%; equity ratio is 70.6%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin74.6%
Equity ratio70.6%
Last priceUSD 795.23
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
Micron Technology, Inc. is a US-listed company with consolidated financial statements filed on SEC EDGAR.
Compare trends
Tel 2083684000 · As of filing date 2026-10-09
Financial statements
Income statement
| Account | FY2025 (ended Aug 28, 2025) | FY2026 (ended Sep 03, 2026) |
|---|---|---|
| Revenue | $37.4B | $133.2B |
| Cost of sales* | $22.5B | $25.7B |
| Gross profit | $14.9B | $107.5B |
| Operating profit | $9.8B | $99.3B |
| Income tax | $1.1B | $14.8B |
| Net income | $8.5B | $85.0B |
| Basic EPS | — | — |
Balance sheet
| Account | FY2025 (ended Aug 28, 2025) | FY2026 (ended Sep 03, 2026) |
|---|---|---|
| Cash & equivalents | $9.6B | $38.4B |
| Current assets | $28.8B | $91.1B |
| Non-current assets* | $54.0B | $104.8B |
| Total assets | $82.8B | $195.9B |
| Current liabilities | $11.5B | $27.5B |
| Non-current liabilities* | $17.2B | $30.0B |
| Total liabilities | $28.6B | $57.5B |
| Stockholders’ equity | $54.2B | $138.4B |
Cash flow statement
| Account | FY2025 (ended Aug 28, 2025) | FY2026 (ended Sep 03, 2026) |
|---|---|---|
| Operating cash flow | $17.5B | $89.7B |
| Investing cash flow | -$14.1B | -$61.6B |
| Financing cash flow | -$850.0M | $630.0M |
| Cash at end of period | $9.6B | $38.4B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | $30.8B | $15.5B | $25.1B | $37.4B | $133.2B | |
| Operating profit | $9.7B | -$5.7B | $1.3B | $9.8B | $99.3B | |
| Net income | $8.7B | -$5.8B | $778.0M | $8.5B | $85.0B | |
| Total assets | $66.3B | $64.3B | $69.4B | $82.8B | $195.9B | |
| Cash & equivalents | $8.3B | $8.6B | $7.0B | $9.6B | $38.4B | |
| Stockholders’ equity | $49.9B | $44.1B | $45.1B | $54.2B | $138.4B |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Constructive
Sales and operating profit both moved in a healthier direction.
On the income statement, revenue moved from $37.4B to $133.2B (▲ +256.3%). Operating profit went from $9.8B to $99.3B (▲ +916.8%).
Operating cash flow was $89.7B (prior $17.5B), with cash on the balance sheet at $38.4B versus $9.6B.
Liquidity & leverage
Cash moved from $9.6B to $38.4B; current liabilities $27.5B.
Capital buffer
Stockholders’ equity moved from $54.2B to $138.4B.
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Source: SEC EDGAR 0000723125-26-000023
(Micron Technology, Inc.), period end 2026-09-03.