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Micron Technology, Inc.

MU

Micron Technology is a global leader in the design and manufacture of advanced semiconductor memory and storage solutions.

Market cap
$1.17T+443%
Revenue$58.1B+85.6%
Net income$24.1B+416%
Free cash flow$10.3B+1,597%
EPS (diluted)$21.19+407%
Trailing twelve months · change vs. prior year

Earnings

Next report

Dec 23, 2026 (in 2 months)
Revenue estimate$61.5B
EPS estimate$38.20

Financials

Q2 2026

Income statement

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Revenue$23.9B+196%
Gross profit$17.8B+499%
Operating income$16.1B+810%
Net income$13.8B+771%
EPS (diluted)$12.07+756%

Balance sheet

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Cash & equivalents$13.9B+84.2%
Total debt$13.6B-23.8%
Total equity$72.5B+49.0%
Total assets$101.51B+39.0%

Cash flow

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Operating cash flow$11.9B+202%
CapEx$6.4B+57.5%
Free cash flow$5.5B+4,981%

Valuation & ratios

Valuation

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Market cap$1.17T+443%
Enterprise value$1.14T+407%
P/E48.5×—
P/S20.1×—

Profitability

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Gross margin58.4%+23.7pp
Operating margin48.3%+28.6pp
Net margin41.5%+26.6pp
FCF margin17.7%—

Returns & leverage

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Return on equity39.8%+29.7pp
Debt / equity0.2×-0.2×
Current ratio2.9×-0.2×

Segments

By geography

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Other Asia Pacific$1.4B+202%
Europe$429.0M+175%
Other$182.3M+90.3%

Competitors

Profile

Micron Technology is a global leader in the design and manufacture of advanced semiconductor memory and storage solutions. The company provides high-performance DRAM, NAND, and NOR technologies that serve as critical components for artificial intelligence, cloud computing, and edge devices. Its business model focuses on driving bit density improvements and cost efficiencies through proprietary process technology and a global network of manufacturing centers of excellence.

Competitive position

Micron is one of the few global manufacturers capable of producing leading-edge DRAM and NAND at scale, maintaining a top-tier position alongside major South Korean competitors.

GeographiesUnited States, Singapore, Taiwan, China, Japan
Customer segmentsCloud Infrastructure, Mobile Handset OEMs, Automotive, Industrial, Personal Computing
Business modelHardware Design and Manufacturing, IDM (Integrated Device Manufacturer)
SuppliersSemiconductor manufacturing equipment (Lithography), Silicon wafers, Specialty chemicals and gases, Outsourced assembly and test (OSAT) subcontractors
CustomersHyperscale data centers, Smartphone OEMs, PC and Laptop manufacturers, Automotive electronics providers
Listed1984
Employees43.0K
CEOSanjay Mehrotra
Websitemicron.com
FilingsSEC EDGAR

FAQ

What is Micron Technology, Inc.'s market cap?
Micron Technology, Inc. (MU) has a market capitalization of $1.17T and trades on NASDAQ.
What is Micron Technology, Inc.'s revenue and profitability?
Micron Technology, Inc. generated $58.1B in trailing twelve-month revenue with net income of $24.1B, representing a net margin of 41.5%. Gross margin stands at 58.4%, with free cash flow of $10.3B. The latest reported period is Q2 2026.
Who are Micron Technology, Inc.'s competitors?
Micron Technology, Inc.'s key competitors include Western Digital, Everspin Technologies, Inc, Monolithic Power Systems, Inc., and others. These companies compete in similar markets and product categories.
Who does Micron Technology, Inc. partner with?
Micron Technology, Inc.'s notable partners include NVIDIA, Intel.
What subsidiaries does Micron Technology, Inc. have?
Micron Technology, Inc.'s subsidiaries include Crucial, Lexar.
Where is Micron Technology, Inc. headquartered?
Micron Technology, Inc. is headquartered in United States of America and employs approximately 43,000 people. It has been publicly traded since 1984.