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Micron Technology MU Operating margin

Operating margin at other companies

Broadcom Inc. logo
Broadcom Inc.AVGO
43.4%+7.4pp
Western Digital logo
Western DigitalWDC
30.3%+12.8pp
Seagate Technology Holdings PLC logo
Seagate Technology Holdings PLCSTX
28.2%+9.0pp
Applied Materials logo
Applied MaterialsAMAT
28.6%-1.1pp
Monolithic Power Systems logo
Monolithic Power SystemsMPWR
27.1%+1.4pp
Advanced Micro Devices logo
Advanced Micro DevicesAMD
11.7%+2.0pp

Other financials

Income statement

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Revenue$23.9B+196%
Gross profit$17.8B+499%
Operating income$16.1B+810%
Net income$13.8B+771%
EPS (diluted)$12.07+756%

Balance sheet

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Cash & equivalents$13.9B+84.2%
Total debt$13.6B-23.8%
Total equity$72.5B+49.0%
Total assets$101.51B+39.0%

Cash flow

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Operating cash flow$11.9B+202%
CapEx$6.4B+57.5%
Free cash flow$5.5B+4,981%

Valuation

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Market cap$1.18T+292%
Enterprise value$1.18T+254%
P/E48.8×-15.4×
P/S20.2×+10.7×

Profitability

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Gross margin58.4%+23.7pp
Net margin41.5%+26.6pp

Returns & leverage

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Return on equity39.8%+29.7pp
Debt / equity0.2×-0.2×
Current ratio2.9×-0.2×

Where this comes from

Calculated from Micron Technology’s reported figures.

Based on trailing twelve months.

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 operating margin?
Micron Technology (MU) reported operating margin of 48.3% in Q1 2026.
How has Micron Technology's operating margin changed year-over-year?
Micron Technology's operating margin increased by 144.7% year-over-year, from 19.8% to 48.3%.
What is the long-term trend for Micron Technology's operating margin?
Over 4 years (2021 to 2025), Micron Technology's operating margin has grown at a 4.5% compound annual growth rate (CAGR), from 70.7% to 84.3%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.