Micron Technology, Inc. (MU) Income Statement
MU FY2026 at a glance
Fiscal year ended August 31, 2026 · U.S. dollarsMU revenue and net income
Where MU's revenue goes
FY2026Each bar shows an amount and its share of revenue. MU kept 63.8% of revenue as net income.
MU profit margins
MU growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +256.3% | +104.6% | +36.9% | +26.8% |
| Gross profit | +622.8% | — | +59.5% | +45.6% |
| Operating income | +912.2% | — | +73.9% | +89.4% |
| Net income | +895.1% | — | +70.7% | — |
| EPS (diluted) | +808.1% | — | +65.5% | +104.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MU quarterly EPS vs estimates
Micron beat the analyst EPS estimate in 8 of the last 8 quarters.
MU income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $133.19B | $37.38B | $25.11B | $15.54B | $30.76B | $27.70B | $21.43B | $23.41B | $30.39B | $20.32B |
| Cost of revenue | $25.68B | $22.50B | $19.50B | $16.96B | $16.86B | $17.28B | $14.88B | $12.70B | $12.50B | $11.89B |
| Gross profit | $107.50B | $14.87B | $5.61B | −$1.42B | $13.90B | $10.42B | $6.55B | $10.70B | $17.89B | $8.44B |
| Research & development | $5.65B | $3.80B | $3.43B | $3.11B | $3.12B | $2.66B | $2.60B | $2.44B | $2.34B | $2.04B |
| Sales, general & admin | — | $1.21B | $1.13B | $920.0M | $1.07B | $894.0M | $881.0M | $836.0M | $813.0M | $743.0M |
| Total operating expenses | $7.60B | $5.00B | $4.31B | $4.33B | $4.20B | $4.19B | $3.55B | $3.33B | $2.90B | $2.57B |
| Operating income | $99.91B | $9.87B | $1.30B | −$5.75B | $9.70B | $6.28B | $3.00B | $7.38B | $14.99B | $5.87B |
| Interest income | — | $496.0M | $529.0M | $468.0M | $96.0M | $37.0M | $114.0M | $205.0M | $120.0M | $41.0M |
| Interest expense | $106.0M | $477.0M | $562.0M | $388.0M | $189.0M | $183.0M | $194.0M | $128.0M | $342.0M | $601.0M |
| Income before taxes | $99.73B | $9.66B | $1.23B | −$5.66B | $9.57B | $6.25B | $2.99B | $7.05B | $14.31B | $5.20B |
| Income taxes | $14.76B | $1.12B | $451.0M | $177.0M | $888.0M | $394.0M | $280.0M | $693.0M | $168.0M | $114.0M |
| Net income | $84.97B | $8.54B | $778.0M | −$5.83B | $8.69B | $5.86B | $2.69B | $6.31B | $14.13B | $5.09B |
| EBITDA | $109.41B | $18.49B | $9.03B | $2.30B | $16.82B | $13.01B | $8.71B | $12.81B | $19.68B | $9.74B |
| EPS (diluted) | $75.28 | $8.29 | $1.27 | −$4.45 | $8.34 | $6.06 | $2.83 | $6.29 | $11.95 | $4.86 |
| Gross margin | 80.7% | 39.8% | 22.4% | −9.1% | 45.2% | 37.6% | 30.6% | 45.7% | 58.9% | 41.5% |
| Operating margin | 75.0% | 26.4% | 5.2% | −37.0% | 31.5% | 22.7% | 14.0% | 31.5% | 49.3% | 28.9% |
| Net margin | 63.8% | 22.8% | 3.1% | −37.5% | 28.2% | 21.2% | 12.5% | 27.0% | 46.5% | 25.0% |
| Aug '26 | May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $54.23B | $41.46B | $23.86B | $13.64B | $11.31B | $9.30B | $8.05B | $8.71B | $7.75B | $6.81B | $5.82B | $4.73B |
| Cost of revenue | $7.18B | $6.40B | $6.11B | $6.00B | $6.26B | $5.79B | $5.09B | $5.36B | $5.01B | $4.98B | $4.75B | $4.76B |
| Gross profit | $47.05B | $35.06B | $17.75B | $7.65B | $5.05B | $3.51B | $2.96B | $3.35B | $2.74B | $1.83B | $1.08B | −$35.0M |
| Research & development | $1.91B | $1.32B | $1.25B | $1.17B | $1.03B | $965.0M | $898.0M | $906.0M | $903.0M | $850.0M | $832.0M | $845.0M |
| Sales, general & admin | — | $407.0M | $344.0M | $337.0M | $314.0M | $318.0M | $285.0M | $288.0M | $295.0M | $291.0M | $52.0M | $263.0M |
| Total operating expenses | $2.73B | $1.74B | $1.62B | $1.51B | $1.30B | $1.34B | $1.19B | $1.17B | $1.22B | $1.11B | $888.0M | $1.11B |
| Operating income | $44.32B | $33.32B | $16.14B | $6.14B | $3.75B | $2.17B | $1.77B | $2.17B | $1.52B | $719.0M | $191.0M | −$1.13B |
| Interest income | — | $215.0M | $155.0M | $139.0M | $146.0M | $135.0M | $108.0M | $107.0M | $131.0M | $136.0M | $130.0M | $132.0M |
| Interest expense | — | $0 | $32.0M | $74.0M | $124.0M | $123.0M | $112.0M | $118.0M | $136.0M | $150.0M | $144.0M | $132.0M |
| Income before taxes | $44.28B | $33.22B | $16.16B | $6.07B | $3.64B | $2.11B | $1.76B | $2.15B | $1.51B | $709.0M | $171.0M | −$1.31B |
| Income taxes | $6.58B | $4.98B | $2.37B | $829.0M | $429.0M | $235.0M | $177.0M | $283.0M | $623.0M | $377.0M | −$622.0M | $73.0M |
| Net income | $37.70B | $28.24B | $13.79B | $5.24B | $3.20B | $1.89B | $1.58B | $1.87B | $887.0M | $332.0M | $793.0M | −$1.23B |
| EBITDA | $47.01B | $35.58B | $18.48B | $8.35B | $5.91B | $4.33B | $3.95B | $4.30B | $3.51B | $2.64B | $2.24B | $787.0M |
| EPS (diluted) | $33.19 | $25.11 | $12.20 | $4.78 | $3.03 | $1.91 | $1.56 | $1.79 | $1.18 | $0.62 | $0.42 | −$0.95 |
| Gross margin | 86.8% | 84.6% | 74.4% | 56.0% | 44.7% | 37.7% | 36.8% | 38.4% | 35.3% | 26.9% | 18.5% | −0.7% |
| Operating margin | 81.7% | 80.4% | 67.6% | 45.0% | 33.2% | 23.3% | 22.0% | 25.0% | 19.6% | 10.6% | 3.3% | −23.9% |
| Net margin | 69.5% | 68.1% | 57.8% | 38.4% | 28.3% | 20.3% | 19.7% | 21.5% | 11.4% | 4.9% | 13.6% | −26.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MU's financial statements (latest annual report filed October 9, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MU financial results
In fiscal year 2026 (ended August 31, 2026), Micron reported revenue of $133.2 billion, up 256.3% from the year before. It had net income of $85.0 billion (up 895.1%), a net profit margin of 63.8%. Diluted earnings per share came to $75.28. Over five years revenue grew at an average rate of 36.9% a year.
See the MU stock overview for the latest quote and news, or the MU chart for price history and technical indicators.
MU income statement FAQ
What is Micron's annual revenue?
Micron reported total revenue of $133.2 billion for fiscal year 2026, which ended on August 31, 2026. That was up 256.3% from $37.4 billion the previous year.
Is Micron profitable?
Yes. Micron reported net income of $85.0 billion in fiscal 2026, a net profit margin of 63.8%; its operating margin was 75.0%.
What is Micron's gross margin?
Micron's gross margin was 80.7% in fiscal 2026: for every $100 of revenue, Micron kept $81 after the direct cost of its products and services.
How much does Micron spend on research and development?
Micron spent $5.7 billion on research and development in fiscal 2026, 4.2% of revenue.
How fast is Micron growing?
Revenue grew 36.9% a year on average over the last five fiscal years, from $27.7 billion to $133.2 billion.
What are Micron's earnings per share?
Micron earned $75.28 per diluted share in fiscal 2026, compared with $8.29 a year earlier.
When does Micron's fiscal year end?
Micron's fiscal year ends in August. The latest annual report covers the year ended August 31, 2026 and was filed on October 9, 2026.