Micron Technology Inc. (MU) financial statements: income statement, balance sheet and cash flow
Micron Technology Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Sep 3, 2026 · FY), Micron Technology Inc. reported revenue of $133.2B (+256.3% year on year) and net income of $85.0B (+895.1% year on year).
Income statement
Micron Technology Inc. income statement, fiscal years
Line item
Sep 3, 2026 · FY
Aug 28, 2025 · FY
Aug 29, 2024 · FY
Aug 31, 2023 · FY
Revenue
$133.2B
$37.4B
$25.1B
$15.5B
Cost of goods sold
$25.7B
$22.5B
$19.5B
$17.0B
Gross margin
$107.5B
$14.9B
$5.6B
($1.4B)
Research and development
$5.7B
$3.8B
$3.4B
$3.1B
Selling, general, and administrative
$1.9B
$1.2B
$1.1B
$920.0M
Other operating (income) expense, net
$567.0M
$61.0M
($251.0M)
$124.0M
Operating income
$99.3B
$9.8B
$1.3B
($5.7B)
Interest income
$1.1B
$496.0M
$529.0M
$468.0M
Interest expense
($106.0M)
($477.0M)
($562.0M)
($388.0M)
Other non-operating income (expense), net
($647.0M)
($135.0M)
($31.0M)
$7.0M
Income before income taxes and equity in net income (loss) of equity method investees
$99.7B
$9.7B
$1.2B
($5.7B)
Income tax (provision) benefit
($14.8B)
($1.1B)
($451.0M)
($177.0M)
Equity in net income (loss) of equity method investees
$59.0M
$9.0M
($11.0M)
$2.0M
Net income
$85.0B
$8.5B
$778.0M
($5.8B)
Other comprehensive income (loss), net of tax
($41.0M)
—
—
—
Total comprehensive income
$84.9B
—
—
—
Basic (in dollars per share)
$75.38
$7.65
$0.70
-$5.34
Diluted (in dollars per share)
$74.33
$7.59
$0.70
-$5.34
Basic (in shares)
1.1B
1.1B
1.1B
1.1B
Diluted (in shares)
1.1B
1.1B
1.1B
1.1B
Micron Technology Inc. income statement, quarters
Line item
May 28, 2026 · Q3
Feb 26, 2026 · Q2
Nov 27, 2025 · Q1
May 29, 2025 · Q3
Revenue
$41.5B
$23.9B
$13.6B
$9.3B
Cost of goods sold
$6.4B
$6.1B
$6.0B
$5.8B
Gross margin
$35.1B
$17.8B
$7.6B
$3.5B
Research and development
$1.3B
$1.3B
$1.2B
$965.0M
Selling, general, and administrative
$407.0M
$344.0M
$337.0M
$318.0M
Other operating (income) expense, net
$15.0M
$26.0M
$2.0M
$56.0M
Operating income
$33.3B
$16.1B
$6.1B
$2.2B
Interest income
$215.0M
$155.0M
$139.0M
$135.0M
Interest expense
$0
($32.0M)
($74.0M)
($123.0M)
Other non-operating income (expense), net
($321.0M)
($98.0M)
($140.0M)
($68.0M)
Income (loss) before income taxes and equity in net income (loss) of equity method investees
$33.2B
$16.2B
$6.1B
$2.1B
Income tax (provision) benefit
($5.0B)
($2.4B)
($829.0M)
($235.0M)
Equity in net income (loss) of equity method investees
$9.0M
($4.0M)
$8.0M
$7.0M
Net income
$28.2B
$13.8B
$5.2B
$1.9B
Basic (in dollars per share)
$25.03
$12.25
$4.66
$1.69
Diluted (in dollars per share)
$24.67
$12.07
$4.60
$1.68
Basic (in shares)
1.1B
1.1B
1.1B
1.1B
Diluted (in shares)
1.1B
1.1B
1.1B
1.1B
Balance sheet
Micron Technology Inc. balance sheet, fiscal years
Line item
Sep 3, 2026 · FY
Aug 28, 2025 · FY
Aug 29, 2024 · FY
Aug 31, 2023 · FY
Cash and cash equivalents
$38.4B
$9.6B
$7.0B
$8.6B
Short-term investments
$5.1B
$665.0M
$1.1B
$1.0B
Receivables
$36.2B
$9.3B
$6.6B
$2.4B
Inventories
$10.4B
$8.4B
$8.9B
$8.4B
Other current assets
$1.1B
$914.0M
$776.0M
$820.0M
Total current assets
$91.1B
$28.8B
$24.4B
$21.2B
Long-term marketable investments
$30.0B
$1.6B
$1.0B
$844.0M
Property, plant, and equipment
$63.3B
$46.6B
$39.7B
$37.9B
Goodwill
$1.1B
$1.1B
$1.1B
$1.1B
Other noncurrent assets
$10.3B
$2.8B
$1.5B
$1.3B
Total assets
$195.9B
$82.8B
$69.4B
$64.3B
Accounts payable and accrued expenses
$22.6B
$9.6B
$7.3B
$4.0B
Current debt
$491.0M
$560.0M
$431.0M
$278.0M
Other current liabilities
$4.4B
$1.2B
$1.5B
$529.0M
Total current liabilities
$27.5B
$11.5B
$9.2B
$4.8B
Long-term debt
$4.7B
$14.0B
$13.0B
$13.1B
Noncurrent unearned government incentives
$786.0M
$1.0B
$550.0M
$727.0M
Noncurrent customer contract liabilities
$12.9B
—
—
—
Other noncurrent liabilities
$11.7B
$1.4B
$911.0M
$987.0M
Total liabilities
$57.5B
$28.6B
$24.3B
$20.1B
Common stock, $0.10 par value, 3,000 shares authorized, 1,277 shares issued and 1,131 outstanding (1,266 shares issued and 1,122 outstanding as of August 28, 2025)
128.0M
127.0M
125.0M
124.0M
Additional capital
$15.0B
$13.3B
$12.1B
$11.0B
Retained earnings
$131.9B
$48.6B
$40.9B
$40.8B
Treasury stock, 146 shares held (144 shares as of August 28, 2025)
-8.5B
-7.9B
-7.9B
-7.6B
Accumulated other comprehensive income (loss)
($73.0M)
($32.0M)
($134.0M)
($312.0M)
Total equity
$138.4B
$54.2B
$45.1B
$44.1B
Total liabilities and equity
$195.9B
$82.8B
$69.4B
$64.3B
Micron Technology Inc. balance sheet, quarters
Line item
May 28, 2026
Feb 26, 2026
Nov 27, 2025
May 29, 2025
Cash and cash equivalents
$25.0B
$13.9B
$9.7B
$10.2B
Short-term investments
$1.0B
$681.0M
$587.0M
$648.0M
Receivables
$31.0B
$17.3B
$10.2B
$7.4B
Inventories
$8.6B
$8.3B
$8.2B
$8.7B
Other current assets
$1.1B
$1.2B
$958.0M
$945.0M
Total current assets
$66.7B
$41.4B
$29.7B
$27.9B
Long-term marketable investments
$4.1B
$2.0B
$1.7B
$1.4B
Property, plant, and equipment
$56.4B
$51.4B
$48.5B
$44.8B
Operating lease right-of-use assets
$683.0M
$684.0M
$700.0M
$628.0M
Intangible assets
$473.0M
$468.0M
$465.0M
$426.0M
Deferred tax assets
$700.0M
$680.0M
$641.0M
$483.0M
Goodwill
$1.1B
$1.1B
$1.1B
$1.1B
Other noncurrent assets
$3.8B
$3.7B
$3.2B
$1.6B
Total assets
$134.1B
$101.5B
$86.0B
$78.4B
Accounts payable and accrued expenses
$15.5B
$11.0B
$9.8B
$8.8B
Current debt
$582.0M
$585.0M
$569.0M
$538.0M
Other current liabilities
$3.4B
$2.7B
$1.7B
$836.0M
Total current liabilities
$19.5B
$14.3B
$12.1B
$10.1B
Long-term debt
$5.1B
$9.6B
$11.2B
$15.0B
Noncurrent operating lease liabilities
$654.0M
$656.0M
$669.0M
$600.0M
Noncurrent unearned government incentives
$1.0B
$1.0B
$1.1B
$603.0M
Other noncurrent liabilities
$7.1B
$3.5B
$2.1B
$1.3B
Total liabilities
$33.4B
$29.1B
$27.2B
$27.6B
Common stock, $0.10 par value, 3,000 shares authorized, 1,275 shares issued and 1,129 outstanding (1,266 shares issued and 1,122 outstanding as of August 28, 2025)
128.0M
127.0M
127.0M
126.0M
Additional capital
$14.4B
$14.1B
$13.6B
$13.0B
Retained earnings
$94.7B
$66.8B
$53.3B
$45.6B
Treasury stock, 146 shares held (144 shares as of August 28, 2025)
-8.5B
-8.5B
-8.2B
-7.9B
Accumulated other comprehensive income (loss)
($26.0M)
($82.0M)
($123.0M)
($45.0M)
Total equity
$100.7B
$72.5B
$58.8B
$50.7B
Total liabilities and equity
$134.1B
$101.5B
$86.0B
$78.4B
Cash flow statement
Micron Technology Inc. cash flow statement, fiscal years
Line item
Sep 3, 2026 · FY
Aug 28, 2025 · FY
Aug 29, 2024 · FY
Aug 31, 2023 · FY
Net income
$85.0B
$8.5B
$778.0M
($5.8B)
Depreciation expense and amortization of intangible assets
$9.5B
$8.4B
$7.8B
$7.8B
Stock-based compensation
$1.3B
$972.0M
$833.0M
$596.0M
Receivables
($25.2B)
($1.8B)
($3.6B)
$2.8B
Inventories
($2.0B)
$520.0M
($488.0M)
($3.6B)
Accounts payable and accrued expenses
$8.7B
$862.0M
$1.9B
($2.1B)
Other current liabilities
$3.1B
($272.0M)
$989.0M
—
Other noncurrent liabilities
$9.6B
—
—
—
Other
($388.0M)
$328.0M
$281.0M
($7.0M)
Net cash provided by operating activities
$89.7B
$17.5B
$8.5B
$1.6B
Purchases of available-for-sale securities
($34.9B)
($1.9B)
($2.0B)
($723.0M)
Expenditures for property, plant, and equipment
($30.7B)
($15.9B)
($8.4B)
($7.7B)
Purchases of non-marketable equity securities
($1.0B)
—
—
—
Proceeds from government incentives
$3.3B
$2.0B
$315.0M
$710.0M
Proceeds from maturities and sales of available-for-sale securities
$2.0B
$1.7B
$1.8B
—
Other
($316.0M)
($43.0M)
($33.0M)
($93.0M)
Net cash used for investing activities
($61.6B)
($14.1B)
($8.3B)
($6.2B)
Proceeds from customer contract liability deposits
$12.7B
—
—
—
Proceeds from issuance of debt
$0
$4.4B
$999.0M
$6.7B
Repayments of debt
($10.0B)
($4.6B)
($1.9B)
($761.0M)
Repurchases of common stock - withholdings on employee equity awards
($1.1B)
—
—
—
Repurchases of common stock - repurchase program
($650.0M)
$0
($300.0M)
($425.0M)
Payments of dividends to shareholders
($610.0M)
($522.0M)
($513.0M)
($504.0M)
Other
$313.0M
($139.0M)
$18.0M
$95.0M
Net cash provided by (used for) financing activities
$630.0M
($850.0M)
($1.8B)
$5.0B
Effect of changes in currency exchange rates on cash, cash equivalents, and restricted cash
$81.0M
$6.0M
$40.0M
($34.0M)
Net increase (decrease) in cash, cash equivalents, and restricted cash
$28.7B
$2.6B
($1.6B)
$317.0M
Cash, cash equivalents, and restricted cash at beginning of period
$9.6B
$7.1B
$8.7B
$8.3B
Cash, cash equivalents, and restricted cash at end of period
$38.4B
$9.6B
$7.1B
$8.7B
Income taxes paid, net
($1.3B)
($583.0M)
($338.0M)
($532.0M)
Interest paid, net of amounts capitalized
($197.0M)
($418.0M)
($503.0M)
($323.0M)
Non-cash acquisitions of finance lease right-of-use assets
$143.0M
—
—
—
Micron Technology Inc. cash flow statement, quarters
Line item
May 28, 2026 · YTD
Feb 26, 2026 · YTD
Nov 27, 2025 · Q1
May 29, 2025 · YTD
Net income
$47.3B
$19.0B
$5.2B
$5.3B
Depreciation expense and amortization of intangible assets
$6.9B
$4.5B
$2.2B
$6.2B
Stock-based compensation
$954.0M
$599.0M
$290.0M
$722.0M
Receivables
($20.0B)
($8.3B)
($871.0M)
($123.0M)
Inventories
($212.0M)
$88.0M
$150.0M
$148.0M
Accounts payable and accrued expenses
$3.3B
$928.0M
$156.0M
$38.0M
Other current liabilities
$2.1B
$1.5B
$449.0M
($681.0M)
Other noncurrent liabilities
$5.2B
$2.1B
$547.0M
—
Other
$112.0M
($101.0M)
$238.0M
$356.0M
Net cash provided by operating activities
$45.7B
$20.3B
$8.4B
$11.8B
Expenditures for property, plant, and equipment
($19.6B)
($11.8B)
($5.4B)
($10.2B)
Purchases of available-for-sale securities
($4.1B)
($1.1B)
($255.0M)
($1.2B)
Proceeds from government incentives
$3.0B
$2.3B
$878.0M
$1.3B
Proceeds from maturities and sales of available-for-sale securities
$1.2B
$701.0M
$268.0M
$1.2B
Other
($236.0M)
($180.0M)
($96.0M)
($30.0M)
Net cash used for investing activities
($19.7B)
($10.1B)
($4.6B)
($8.9B)
Repayments of debt
($9.4B)
($4.6B)
($2.9B)
($3.6B)
Repurchases of common stock - withholdings on employee equity awards
($762.0M)
($545.0M)
($367.0M)
—
Repurchases of common stock - repurchase program
($650.0M)
($650.0M)
($300.0M)
—
Payments of dividends to shareholders
($437.0M)
($266.0M)
($134.0M)
($392.0M)
Proceeds from issuance of debt
$0
$0
—
$4.4B
Other
$583.0M
$175.0M
($1.0M)
($220.0M)
Net cash provided by (used for) financing activities
($10.6B)
($5.9B)
($3.7B)
$214.0M
Effect of changes in currency exchange rates on cash, cash equivalents, and restricted cash
$8.0M
$5.0M
$14.0M
($3.0M)
Net increase in cash, cash equivalents, and restricted cash
$15.4B
$4.3B
$86.0M
$3.1B
Cash, cash equivalents, and restricted cash at beginning of period
$9.6B
$9.6B
$9.6B
$7.1B
Cash, cash equivalents, and restricted cash at end of period
$25.0B
$13.9B
$9.7B
$10.2B
Non-cash acquisitions of finance lease right-of-use assets