What is Micron Technology's net income?

Micron Technology (MU) reported net income of $28.24B in Q2 2026.

How has Micron Technology's net income changed year-over-year?

Micron Technology's net income increased by 1398.3% year-over-year, from $1.89B to $28.24B.

What is the long-term trend for Micron Technology's net income?

Over 4 years (2021 to 2025), Micron Technology's net income has grown at a 9.9% compound annual growth rate (CAGR), from $5.86B to $8.54B.

What does net income mean?

The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

Micron Technology MU Net Income

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$3.21B+516%

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$748M+120%

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-$296K+74.6%

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Other financials

Income statement

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Revenue$41.5B+346%

Gross profit$35.1B+899%

Operating income$33.3B+1,436%

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$1.37T+892%

Enterprise value$1.35T+810%

P/E27.2×-2.4×

P/S15.2×+10.8×

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.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

The official record: Micron Technology’s 8-K, filed June 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Micron Technology's net income?: Micron Technology (MU) reported net income of $28.24B in Q2 2026.
How has Micron Technology's net income changed year-over-year?: Micron Technology's net income increased by 1398.3% year-over-year, from $1.89B to $28.24B.
What is the long-term trend for Micron Technology's net income?: Over 4 years (2021 to 2025), Micron Technology's net income has grown at a 9.9% compound annual growth rate (CAGR), from $5.86B to $8.54B.
What does net income mean?: The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.