What is Micron Technology's R&D?

Micron Technology (MU) reported R&D of $1.32B in Q2 2026.

How has Micron Technology's R&D changed year-over-year?

Micron Technology's R&D increased by 36.4% year-over-year, from $965M to $1.32B.

What is the long-term trend for Micron Technology's R&D?

Over 4 years (2021 to 2025), Micron Technology's R&D has grown at a 9.3% compound annual growth rate (CAGR), from $2.66B to $3.8B.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Micron Technology MU R&D

R&D at other companies

Western DigitalWDC

$294M+20.0%

Seagate Technology Holdings PLCSTX

$194M+7.8%

Everspin TechnologiesMRAM

$3.61M+7.4%

Penguin SolutionsPENG

$21.98M+8.7%

OwletOWLT

$3.96M+36.3%

Applied MaterialsAMAT

$1.03B+15.0%

Segments

By segment

See full

CMBU$536M+105%

CDBU$358M+76.4%

AEBU$109M+0.9%

All other$0-100%

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$1.12T+735%

Enterprise value$1.1T+668%

P/E22.2×+0.6×

P/S12.4×+8.4×

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

See full

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:ResearchAndDevelopmentExpense.

The official record: Micron Technology’s 8-K, filed June 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Micron Technology's R&D?: Micron Technology (MU) reported R&D of $1.32B in Q2 2026.
How has Micron Technology's R&D changed year-over-year?: Micron Technology's R&D increased by 36.4% year-over-year, from $965M to $1.32B.
What is the long-term trend for Micron Technology's R&D?: Over 4 years (2021 to 2025), Micron Technology's R&D has grown at a 9.3% compound annual growth rate (CAGR), from $2.66B to $3.8B.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.