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Discontinued — last reported Q3 '26

Net debt at other companies

Cloudflare, Inc. logo
Cloudflare, Inc.NET
-5×-5.4×
Zscaler logo
ZscalerZS
19.2×+12.3×
Citigroup logo
CitigroupC
0.1×-0.3×
Morgan Stanley logo
Morgan StanleyMS
-0.2×
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
0.6×-1.3×
American Express logo
American ExpressAXP
0.3×+0.3×

Other financials

Income statement

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Revenue$41.5B+346%
Gross profit$35.1B+899%
Operating income$33.3B+1,436%
Net income$28.2B+1,398%
EPS (diluted)$24.67+1,368%

Balance sheet

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Cash & equivalents$25.0B+146%
Total debt$5.7B-70.4%
Total equity$100.72B+98.5%
Total assets$134.11B+71.1%

Cash flow

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Operating cash flow$25.4B+451%
CapEx$7.8B+166%
Free cash flow$17.6B+951%

Valuation

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Market cap$929.52B+671%
Enterprise value$910.25B+601%
P/E18.4×-1.0×
P/S10.3×+6.7×

Profitability

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Gross margin72.6%+35.4pp
Operating margin65.6%+43.0pp
Net margin55.9%+37.5pp
FCF margin29%+23.4pp

Returns & leverage

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Return on equity66.6%+53.5pp
Debt / equity0.1×-0.3×
Current ratio3.4×+0.7×

Where this comes from

Reported directly by Micron Technology in its filing.

The source filing: Micron Technology’s 8-K, filed June 24, 2026. Open the filing →

Filed
Jun 24, 2026, 4:02 PM EDT
Accession
0000723125-26-000013

FAQ

What is Micron Technology's net debt?
Micron Technology (MU) reported net debt of -$19.27B in Q2 2026.
How has Micron Technology's net debt changed year-over-year?
Micron Technology's net debt decreased by 310.5% year-over-year, from $9.16B to -$19.27B.
What is the long-term trend for Micron Technology's net debt?
Over 4 years (2021 to 2025), Micron Technology's net debt has grown at a 119.7% compound annual growth rate (CAGR), from $376M to $8.75B.
What does net debt mean?
Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

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