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%+23.7pp	45.3%+14.4pp	39.8%+17.4pp	37.1%+25.7pp	34.7%+35.1pp
Operating margin	48.3%+28.6pp	32.5%+16.6pp	26.1%+20.9pp	22.6%+30.5pp	19.8%+42.5pp
Net margin	41.5%+26.6pp	28.1%+14.8pp	22.8%+19.7pp	18.4%+25.6pp	14.9%+35.5pp
EBITDA margin	63.4%+17.9pp	52.6%+9.7pp	48.5%+12.3pp	46.8%+18.5pp	45.5%+26.0pp
Free cash flow margin	17.7%+15.8pp	11%+9.1pp	4.5%+4.0pp	5.6%+12.0pp	1.9%+20.0pp
Returns
Return on equity	39.8%+29.7pp	22.6%+13.9pp	17.2%+15.5pp	13.1%+16.5pp	10.1%+18.4pp
Return on assets	27.6%+20.9pp	15.1%+9.4pp	11.2%+10.1pp	8.6%+10.9pp	6.7%+12.4pp
Return on invested capital	36.9%+28.4pp	19.8%+12.5pp	14.7%+13.2pp	11.2%+14.5pp	8.5%+16.6pp
Efficiency
Asset turnover	0.7×+0.2×	0.5×+0.1×	0.5×+0.1×	0.5×+0.1×	0.5×+0.2×
Inventory turnover	2.8×+0.5×	2.7×+0.4×	2.6×+0.4×	2.5×+0.2×	2.3×+0.1×
Liquidity
Current ratio	2.9×-0.2×	2.5×-0.3×	2.5×-0.1×	2.8×-0.7×	3.1×-0.6×
Quick ratio	2.3×+0.3×	1.8×0.0×	1.8×+0.1×	1.9×-0.3×	2×-0.4×
Cash ratio	1×0.0×	0.8×+0.1×	0.8×+0.1×	1×-0.1×	1×-0.3×
Leverage
Debt-to-equity	0.2×-0.2×	0.3×-0.1×	0.3×0.0×	0.4×0.0×	0.4×0.0×
Debt-to-assets	0.1×-0.1×	0.2×-0.1×	0.2×0.0×	0.2×0.0×	0.2×0.0×
Net debt / EBITDA	-0×-0.7×	0.3×-0.6×	0.5×-0.5×	0.6×-0.8×	0.7×-1.5×
Interest coverage	79.6×+67.6×	31.7×+23.3×	20.5×+18.2×	15.6×+18.7×	12×+20.0×
Per Share
Book value per share	$63.45+46.5%	$51.67+23.9%	$48.15+19.3%	$45.11+14.5%	$43.31+10.0%
Valuation
Market capitalization	$380.99B+292%	$321.23B+243%	$187.25B+63.0%	$143.15B-1.7%	$97.11B-25.4%
Enterprise value	$380.68B+254%	$326.91B+214%	$196.01B+58.1%	$152.3B-1.0%	$107.39B-22.3%
Price / earnings	15.8×-5.0×	27×+2.8×	21.9×-126×	23×—	20.8×—
Price / sales	6.6×+3.5×	7.6×+4.4×	5×+0.4×	4.2×-2.6×	3.1×-4.0×
Price / book	5.3×+3.3×	5.5×+3.5×	3.5×+0.9×	2.8×-0.5×	2×-1.0×
EV / EBITDA	10.3×+2.8×	14.7×+6.4×	10.8×-2.8×	9.6×-15.8×	7.5×-31.3×
EV / sales	6.6×+3.1×	7.7×+4.2×	5.2×+0.3×	4.5×-2.7×	3.4×-4.1×
Free cash flow yield	2.7%+2.1pp	1.4%+0.9pp	0.9%+0.8pp	1.3%+2.3pp	0.6%+3.2pp
Earnings yield	6.3%+1.5pp	3.7%-0.4pp	4.6%+3.9pp	4.3%+5.4pp	4.8%+7.7pp
Dividend yield	0.1%-0.4pp	0.2%-0.4pp	0.3%-0.2pp	0.4%0.0pp	0.5%+0.1pp
PEG ratio	0×—	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.