What is Micron Technology's operating income?

Micron Technology (MU) reported operating income of $33.32B in Q2 2026.

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

Micron Technology's operating income increased by 1436.1% year-over-year, from $2.17B to $33.32B.

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

Over 4 years (2021 to 2025), Micron Technology's operating income has grown at a 11.7% compound annual growth rate (CAGR), from $6.28B to $9.77B.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

Micron Technology MU Operating Income

Operating Income at other companies

Western DigitalWDC

$1.19B+56.6%

Seagate Technology Holdings PLCSTX

$998M+132%

Everspin TechnologiesMRAM

-$2.72M-40.6%

Penguin SolutionsPENG

$25.69M+38.9%

OwletOWLT

-$5.49M-106%

Applied MaterialsAMAT

$2.52B+16.3%

Segments

By segment

See full

CMBU$5.13B—

CDBU$3.81B—

AEBU$1.68B—

All other$1M+200%

Other financials

Income statement

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Revenue$41.5B+346%

Gross profit$35.1B+899%

Net income$28.2B+1,398%

EPS (diluted)$24.67+1,368%

Balance sheet

See full

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

See full

Operating cash flow$25.4B+451%

CapEx$7.8B+166%

Free cash flow$17.6B+951%

Valuation

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Market cap$1.3T+825%

Enterprise value$1.28T+755%

P/E25.8×+3.2×

P/S14.4×+10.3×

Profitability

See full

Gross margin72.6%+35.4pp

Operating margin65.6%+43.0pp

Net margin55.9%+37.5pp

FCF margin29%+23.4pp

Returns & leverage

See full

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:OperatingIncomeLoss.

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 operating income?: Micron Technology (MU) reported operating income of $33.32B in Q2 2026.
How has Micron Technology's operating income changed year-over-year?: Micron Technology's operating income increased by 1436.1% year-over-year, from $2.17B to $33.32B.
What is the long-term trend for Micron Technology's operating income?: Over 4 years (2021 to 2025), Micron Technology's operating income has grown at a 11.7% compound annual growth rate (CAGR), from $6.28B to $9.77B.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.