MU

MKT CAP:$561B

Micron Technology, Inc.

Market Cap

$561B

Technology·Semiconductors·🇺🇸 United States·NASDAQ

Technology·Semiconductors·🇺🇸·NASDAQ

Stock Price

$496.88+$181.46 (+57.53%)

Apr 24, 2026

Company Details

Micron Technology, Inc. designs, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Busi...

CEO

Sanjay Mehrotra

IPO Date

Jun 1, 1984

Website

www.micron.com

Key Metrics TTM

Revenue

$58.1B

+85.5% YoY

Net Income

$24.1B

EPS (Diluted)

$21.19

Free Cash Flow

$10.3B

Revenue / Share

$50.98

Gross Margin

58.4%

Operating Margin

48.5%

Net Margin

41.5%

FCF Margin

17.7%

P/S

9.7x

P/E

23.3x

Earnings Reports

Q2 2026

Mar 18, 2026

$23.9B+196.3%EPS $12.08

Q1 2026

Dec 17, 2025

$13.6B+56.7%EPS $4.60

FY 2025

Oct 3, 2025

$37.4B+48.9%EPS $7.59

Q4 2025

Oct 3, 2025

$11.3B+46.0%EPS $2.83

Q3 2025

Jun 25, 2025

$9.3B+36.6%EPS $1.68

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 22	$8.6B	$4.0B	$3.0B
Q4 22	$6.6B	$2.6B	$1.5B
Q1 23	$4.1B	$893M	-$209M
Q2 23	$3.7B	-$1.2B	-$2.3B
Q3 23	$3.8B	-$668M	-$1.8B
Q4 23	$4.0B	-$435M	-$1.5B
Q1 24	$4.7B	-$35M	-$1.1B
Q2 24	$5.8B	$1.1B	$191M
Q3 24	$6.8B	$1.8B	$719M
Q4 24	$7.8B	$2.7B	$1.5B
Q1 25	$8.7B	$3.3B	$2.2B
Q2 25	$8.1B	$3.0B	$1.8B
Q3 25	$9.3B	$3.5B	$2.2B
Q4 25	$11.3B	$5.1B	$3.8B
Q1 26	$13.6B	$7.7B	$6.1B
Q2 26	$23.9B	$17.7B	$16.1B

Valuation

Quarter	P/S	P/E
Q3 22	2.4x	7.8x
Q4 22	2.0x	7.2x
Q1 23	2.2x	9.8x
Q2 23	2.7x	39.2x
Q3 23	4.1x	—
Q4 23	4.6x	—
Q1 24	5.3x	—
Q2 24	5.4x	—
Q3 24	6.6x	—
Q4 24	4.4x	140.9x
Q1 25	4.0x	29.9x
Q2 25	3.4x	22.8x
Q3 25	3.2x	17.6x
Q4 25	3.5x	15.2x
Q1 26	6.0x	21.2x
Q2 26	8.1x	19.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 22	$3.8B	$1.3B
Q4 22	$3.8B	$164M
Q1 23	$943M	-$1.5B
Q2 23	$343M	-$1.9B
Q3 23	$24M	-$1.5B
Q4 23	$249M	-$1.2B
Q1 24	$1.4B	-$395M
Q2 24	$1.2B	-$165M
Q3 24	$2.5B	$396M
Q4 24	$3.4B	$285M
Q1 25	$3.2B	$38M
Q2 25	$3.9B	$7.1B
Q3 25	$4.6B	$1.7B
Q4 25	$5.7B	$72M
Q1 26	$8.4B	$3.0B
Q2 26	$11.9B	$5.5B

Capital Expenditures

Quarter	CapEx
Q3 22	$2.6B
Q4 22	$3.6B
Q1 23	$2.4B
Q2 23	$2.2B
Q3 23	$1.6B
Q4 23	$1.5B
Q1 24	$1.8B
Q2 24	$1.4B
Q3 24	$2.1B
Q4 24	$3.1B
Q1 25	$3.2B
Q2 25	$3.2B
Q3 25	$2.9B
Q4 25	$5.7B
Q1 26	$5.4B
Q2 26	$6.4B

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 22	+16.4%	+0.3%
Q4 22	-19.7%	-3.7%
Q1 23	-46.9%	-15.1%
Q2 23	-52.6%	+14.4%
Q3 23	-56.6%	-2.2%
Q4 23	-39.6%	+7.0%
Q1 24	+15.7%	+36.3%
Q2 24	+57.7%	-6.1%
Q3 24	+81.5%	+10.5%
Q4 24	+93.3%	+13.6%
Q1 25	+84.3%	+11.6%
Q2 25	+38.3%	+11.5%
Q3 25	+36.6%	+17.1%
Q4 25	+46.0%	+21.4%
Q1 26	+56.7%	+14.8%
Q2 26	+196.3%	+23.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 22	$131M	1.5%
Q4 22	$136M	2.0%
Q1 23	$146M	3.6%
Q2 23	$157M	4.3%
Q3 23	$145M	3.9%
Q4 23	$148M	3.7%
Q1 24	$188M	4.0%
Q2 24	$213M	3.7%
Q3 24	$219M	3.2%
Q4 24	$213M	2.7%
Q1 25	$220M	2.5%
Q2 25	$249M	3.1%
Q3 25	$253M	2.7%
Q4 25	$262M	2.3%
Q1 26	$290M	2.1%
Q2 26	$309M	1.3%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q3 22	$773M	—	—	$264M
Q4 22	$839M	—	—	$280M
Q1 23	$872M	—	—	$251M
Q2 23	$788M	$36M	$195M	—
Q3 23	$758M	—	—	$219M
Q4 23	$719M	—	—	$219M
Q1 24	$865M	—	—	$263M
Q2 24	$832M	$52M	$228M	—
Q3 24	$850M	—	—	$291M
Q4 24	$903M	—	—	$295M
Q1 25	$906M	—	—	$288M
Q2 25	$898M	—	—	$285M
Q3 25	$965M	—	—	$318M
Q4 25	$1.0B	—	—	$314M
Q1 26	$1.2B	—	—	$337M
Q2 26	$1.3B	—	—	$344M

Revenue Segments

Quarter	Cnbu	Ebu	Mbu	Sbu	DRAM Products	NAND Products
Q3 22	$3.9B	$1.4B	$2.0B	$1.3B	—	—
Q4 22	$2.9B	$1.3B	$1.5B	$891M	—	—
Q1 23	$1.7B	$1.0B	$655M	$680M	—	—
Q2 23	$1.4B	$865M	$945M	$507M	—	—
Q3 23	$1.4B	$912M	$819M	$627M	—	—
Q4 23	$1.2B	$860M	$1.2B	$739M	—	—
Q1 24	$1.7B	$1.0B	$1.3B	$653M	—	—
Q2 24	$2.2B	$1.1B	$1.6B	$905M	—	—
Q3 24	$2.6B	$1.3B	$1.6B	$1.4B	—	—
Q4 24	$3.0B	$1.2B	$1.9B	$1.7B	—	—
Q1 25	$4.4B	$1.1B	$1.5B	$1.7B	—	—
Q2 25	$4.6B	$1.0B	$1.1B	$1.4B	—	—
Q3 25	$5.1B	$1.2B	$1.6B	$1.5B	—	—
Q2 26	—	—	—	—	$18.8B	$5.0B

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 22	$9.2B	$1.1B	$10.2B
Q4 22	$8.3B	$1.1B	$9.3B
Q1 23	$9.6B	$1.0B	$10.6B
Q2 23	$9.8B	$1.0B	$10.8B
Q3 23	$9.3B	$1.1B	$10.4B
Q4 23	$8.6B	$1.0B	$9.6B
Q1 24	$8.1B	$973M	$9.0B
Q2 24	$8.0B	$990M	$9.0B
Q3 24	$7.6B	$785M	$8.4B
Q4 24	$7.0B	$1.1B	$8.1B
Q1 25	$6.7B	$895M	$7.6B
Q2 25	$7.6B	$663M	$8.2B
Q3 25	$10.2B	$648M	$10.8B
Q4 25	$9.6B	$665M	$10.3B
Q1 26	$8.8B	$1.5B	$10.3B
Q2 26	$12.5B	$2.1B	$14.6B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 22	1.12B	-0.8%	-2.1%
Q4 22	1.11B	-1.3%	-2.8%
Q1 23	1.09B	-1.4%	-3.5%
Q2 23	1.09B	+0.1%	-3.5%
Q3 23	1.09B	+0.3%	-2.4%
Q4 23	1.09B	+0.1%	-1.0%
Q1 24	1.10B	+0.5%	+0.9%
Q2 24	1.11B	+1.3%	+2.1%
Q3 24	1.12B	+0.8%	+2.7%
Q4 24	1.13B	+0.2%	+2.7%
Q1 25	1.12B	-0.3%	+2.0%
Q2 25	1.12B	+0.1%	+0.8%
Q3 25	1.13B	+0.2%	+0.2%
Q4 25	1.13B	0.0%	0.0%
Q1 26	1.14B	+1.2%	+1.4%
Q2 26	1.14B	+0.2%	+1.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 22	$201.0K	43K
Q4 22	$138.4K	48K
Q1 23	$85.1K	48K
Q2 23	$76.9K	48K
Q3 23	$78.2K	48K
Q4 23	$93.3K	43K
Q1 24	$109.9K	43K
Q2 24	$135.4K	43K
Q3 24	$158.4K	43K
Q4 24	$161.5K	48K
Q1 25	$181.4K	48K
Q2 25	$167.8K	48K
Q3 25	$193.8K	48K
Q4 25	$213.5K	53K
Q1 26	$257.4K	53K
Q2 26	$450.2K	53K

Revenue / Employee