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Micron Technology MU Operating Lease Liabilities

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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%
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$995.53B+718%
Enterprise value$976.25B+646%
P/E19.7×+0.2×
P/S11×+7.4×

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:OperatingLeaseLiabilityNoncurrent.

The source filing: Micron Technology’s 10-Q, filed March 19, 2026.

Filed
Mar 19, 2026, 12:00 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q1 2026
Accession
0000723125-26-000006
As ofFebruary 26,2026August 28,2025
Other current liabilities2,7141,245
Total current liabilities14,29611,454
Long-term debt9,55714,017
Noncurrent operating lease liabilities656701
Noncurrent unearned government incentives1,0021,018
Other noncurrent liabilities3,5391,443
Total liabilities29,05028,633
Commitments and contingencies

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Micron Technology's operating lease liabilities?
Micron Technology (MU) reported operating lease liabilities of $656M in Q1 2026.
How has Micron Technology's operating lease liabilities changed year-over-year?
Micron Technology's operating lease liabilities increased by 9.5% year-over-year, from $599M to $656M.
What is the long-term trend for Micron Technology's operating lease liabilities?
Over 4 years (2021 to 2025), Micron Technology's operating lease liabilities has grown at a 8.6% compound annual growth rate (CAGR), from $504M to $701M.
What does operating lease liabilities mean?
Long-term portion of operating lease obligations extending beyond one year, representing committed future rent payments.

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