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

	TTM Q2 '26	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25
Profitability
Gross margin	180.7%+23.7pp	157%+14.4pp	142.6%+17.4pp	125.1%+25.7pp	99.4%+35.1pp
Operating margin	129.5%+28.6pp	100.9%+16.6pp	84.3%+20.9pp	63.4%+30.5pp	32.9%+42.5pp
Net margin	110.9%+26.6pp	84.3%+14.8pp	69.5%+19.7pp	49.8%+25.6pp	24.2%+35.5pp
EBITDA margin	211.3%+17.9pp	193.4%+9.7pp	183.7%+12.3pp	171.4%+18.5pp	152.9%+26.0pp
Free cash flow margin	38.7%+15.8pp	23%+9.1pp	13.9%+4.0pp	9.9%+12.0pp	-2.1%+20.0pp
Returns
Return on equity	92.7%+29.7pp	63%+13.9pp	49.1%+15.5pp	33.6%+16.5pp	17.1%+18.4pp
Return on assets	62.6%+20.9pp	41.7%+9.4pp	32.3%+10.1pp	22.2%+10.9pp	11.3%+12.4pp
Return on invested capital	82.7%+28.4pp	54.3%+12.5pp	41.8%+13.2pp	28.6%+14.5pp	14.2%+16.6pp
Efficiency
Asset turnover	2.2×+0.2×	1.9×+0.1×	1.8×+0.1×	1.7×+0.1×	1.6×+0.2×
Inventory turnover	10.6×+0.5×	10.2×+0.4×	9.8×+0.4×	9.4×+0.2×	9.2×+0.1×
Liquidity
Current ratio	10.6×-0.2×	10.9×-0.3×	11.1×-0.1×	11.2×-0.7×	11.9×-0.6×
Quick ratio	7.8×+0.3×	7.5×0.0×	7.4×+0.1×	7.3×-0.3×	7.6×-0.4×
Cash ratio	3.6×0.0×	3.6×+0.1×	3.5×+0.1×	3.5×-0.1×	3.6×-0.3×
Leverage
Debt-to-equity	1.2×-0.2×	1.3×-0.1×	1.4×0.0×	1.5×0.0×	1.4×0.0×
Debt-to-assets	0.8×-0.1×	0.9×-0.1×	0.9×0.0×	1×0.0×	1×0.0×
Net debt / EBITDA	1.3×-0.7×	2×-0.6×	2.6×-0.5×	3.1×-0.8×	3.9×-1.5×
Interest coverage	147.4×+67.6×	79.8×+23.3×	56.5×+18.2×	38.3×+18.7×	19.7×+20.0×
Per Share
Book value per share	$208.38+10.7%	$188.24+5.6%	$178.27+4.6%	$170.49+3.5%	$164.76+2.4%
Valuation
Market capitalization	$1.03T+37.9%	$748.74B+43.6%	$521.27B+16.1%	$448.93B-0.5%	$451.39B-6.8%
Enterprise value	$1.06T+34.9%	$782.61B+39.8%	$559.7B+14.8%	$487.69B-0.3%	$489.26B-5.9%
Price / earnings	87.7×-5.0×	92.7×+2.8×	89.9×-126×	215.6×—	——
Price / sales	23.4×+3.5×	19.9×+4.4×	15.6×+0.4×	15.1×-2.6×	17.7×-4.0×
Price / book	17×+3.3×	13.7×+3.5×	10.3×+0.9×	9.4×-0.5×	9.8×-1.0×
EV / EBITDA	45.5×+2.8×	42.7×+6.4×	36.3×-2.8×	39.1×-15.8×	55×-31.3×
EV / sales	24×+3.1×	20.9×+4.2×	16.8×+0.3×	16.4×-2.7×	19.1×-4.1×
Free cash flow yield	6.4%+2.1pp	4.3%+0.9pp	3.4%+0.8pp	2.6%+2.3pp	0.4%+3.2pp
Earnings yield	18.9%+1.5pp	17.4%-0.4pp	17.9%+3.9pp	14%+5.4pp	8.6%+7.7pp
Dividend yield	0.9%-0.4pp	1.3%-0.4pp	1.7%-0.2pp	1.9%0.0pp	1.9%+0.1pp

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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.