What is Micron Technology's net income?

Micron Technology (MU) reported net income of $13.79B in Q1 2026.

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

Micron Technology's net income increased by 770.8% year-over-year, from $1.58B to $13.79B.

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?

Net income as the starting point for the indirect method operating cash flow reconciliation.

Micron Technology MU Net Income

Net Income at other companies

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$3.21B+516%

Seagate Technology Holdings PLCSTX

$748M+120%

Everspin TechnologiesMRAM

-$296K+74.6%

Penguin SolutionsPENG

$46.18M+1,239%

OwletOWLT

-$3.34M-210%

Applied MaterialsAMAT

$2.81B+31.3%

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$1.12T+735%

Enterprise value$1.1T+668%

P/E22.2×+0.6×

P/S12.4×+8.4×

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 10-Q, filed March 19, 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 $13.79B in Q1 2026.
How has Micron Technology's net income changed year-over-year?: Micron Technology's net income increased by 770.8% year-over-year, from $1.58B to $13.79B.
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?: Net income as the starting point for the indirect method operating cash flow reconciliation.