What are Micron Technology's profit margins?

Micron Technology (MU) runs a 58.4% gross margin and a 48.3% operating margin, with a 41.5% net margin.

Where do Micron Technology's ratios come from?

Every ratio is computed from Micron Technology's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Micron Technology MU Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q2 '26	Q1 '26	Q4 '25	Q3 '25	Q2 '25
Profitability
Gross margin	58.4%+13.1pp	45.3%+5.5pp	39.8%+2.7pp	37.1%+2.4pp	34.7%+3.8pp
Operating margin	48.3%+15.9pp	32.5%+6.3pp	26.1%+3.5pp	22.6%+2.8pp	19.8%+3.9pp
Net margin	41.5%+13.3pp	28.1%+5.3pp	22.8%+4.4pp	18.4%+3.5pp	14.9%+1.6pp
EBITDA margin	63.4%+10.8pp	52.6%+4.1pp	48.5%+1.7pp	46.8%+1.4pp	45.5%+2.5pp
Free cash flow margin	17.7%+6.7pp	11%+6.5pp	4.5%-1.1pp	5.6%+3.6pp	1.9%0.0pp
Returns
Return on equity	39.8%+17.3pp	22.6%+5.4pp	17.2%+4.1pp	13.1%+3.0pp	10.1%+1.4pp
Return on assets	27.6%+12.5pp	15.1%+3.9pp	11.2%+2.6pp	8.6%+1.9pp	6.7%+1.0pp
Return on invested capital	36.9%+17.1pp	19.8%+5.1pp	14.7%+3.5pp	11.2%+2.7pp	8.5%+1.2pp
Efficiency
Asset turnover	0.7×+0.1×	0.5×0.0×	0.5×0.0×	0.5×0.0×	0.5×0.0×
Inventory turnover	2.8×+0.1×	2.7×+0.1×	2.6×+0.1×	2.5×+0.1×	2.3×0.0×
Liquidity
Current ratio	2.9×+0.4×	2.5×-0.1×	2.5×-0.2×	2.8×-0.4×	3.1×+0.4×
Quick ratio	2.3×+0.5×	1.8×0.0×	1.8×-0.1×	1.9×-0.1×	2×+0.2×
Cash ratio	1×+0.2×	0.8×0.0×	0.8×-0.2×	1×0.0×	1×+0.2×
Leverage
Debt-to-equity	0.2×-0.1×	0.3×-0.1×	0.3×0.0×	0.4×0.0×	0.4×0.0×
Debt-to-assets	0.1×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×
Net debt / EBITDA	-0×-0.3×	0.3×-0.2×	0.5×-0.1×	0.6×-0.1×	0.7×-0.1×
Interest coverage	79.6×+47.9×	31.7×+11.2×	20.5×+4.9×	15.6×+3.6×	12×+3.6×
Per Share
Book value per share	$63.45+22.8%	$51.67+7.3%	$48.15+6.7%	$45.11+4.2%	$43.31+3.8%
Valuation
Market capitalization	$380.99B+18.6%	$321.23B+71.6%	$187.25B+30.8%	$143.15B+47.4%	$97.11B+3.6%
Enterprise value	$380.68B+16.5%	$326.91B+66.8%	$196.01B+28.7%	$152.3B+41.8%	$107.39B+3.3%
Price / earnings	15.8×-11.2×	27×+5.0×	21.9×-1.1×	23×+2.2×	20.8×-3.4×
Price / sales	6.6×-1.0×	7.6×+2.6×	5×+0.8×	4.2×+1.1×	3.1×-0.1×
Price / book	5.3×-0.2×	5.5×+2.0×	3.5×+0.6×	2.8×+0.8×	2×0.0×
EV / EBITDA	10.3×-4.3×	14.7×+3.9×	10.8×+1.2×	9.6×+2.1×	7.5×-0.8×
EV / sales	6.6×-1.2×	7.7×+2.5×	5.2×+0.7×	4.5×+1.1×	3.4×-0.1×
Free cash flow yield	2.7%+1.3pp	1.4%+0.6pp	0.9%-0.4pp	1.3%+0.7pp	0.6%0.0pp
Earnings yield	6.3%+2.6pp	3.7%-0.9pp	4.6%+0.2pp	4.3%-0.5pp	4.8%+0.7pp
Dividend yield	0.1%0.0pp	0.2%-0.1pp	0.3%-0.1pp	0.4%-0.2pp	0.5%0.0pp
PEG ratio	0×-0.1×	0.1×+0.1×	0×—	——	——

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Questions, answered.

What are Micron Technology's profit margins?: Micron Technology (MU) runs a 58.4% gross margin and a 48.3% operating margin, with a 41.5% net margin.
Where do Micron Technology's ratios come from?: Every ratio is computed from Micron Technology's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.