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MICRON TECHNOLOGY INC (MU)

As-reported financials and recent SEC filings for MICRON TECHNOLOGY INC, latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About MICRON TECHNOLOGY INC

Micron Technology Inc produces memory and storage solutions including DRAM, NAND, and NOR semiconductor products. The company serves various markets such as data centers, mobile devices, automotive, industrial, and consumer electronics through its business units focused on cloud memory, core data center, mobile and client, and automotive and embedded segments. Its products include components, modules, solid state drives, managed NAND, and multi-chip packages designed for applications ranging from AI and high-performance computing to mobile and automotive uses.

Snapshot

Revenue
$37.38B
Revenue growth (YoY)
48.9%
Net income
$8.54B
Diluted EPS
$7.59
Gross margin
39.8%
Operating margin
26.1%
Net margin
22.8%
FCF margin
4.5%
ROE
15.8%
P/E (TTM)
20.4×
Market cap
Debt / equity
0.3×

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at Micron Technology

  • Revenue grew 48.9% to $37.4B in FY2025, slower than the 61.6% the year before.
  • Operating margin is 26.1% in FY2025, +3.5 pp against 22.7% in FY2021.
  • Most recent quarter Q3 FY2026: revenue $41.5B, up 345.7% from Q3 FY2025.
  • Free cash flow was $1.7B in FY2025, 4.5% of revenue.
  • Net income rose more than tenfold to $8.5B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Micron Technology’s fundamentals sit among the 88 semiconductor companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin39.8%
44th percentile of 78
Operating margin26.1%
88th percentile of 79
Net margin22.8%
86th percentile of 80
FCF margin4.5%
42nd percentile of 78
Revenue growth (YoY)+48.9%
86th percentile of 88
ROE15.8%
75th percentile of 74
P/E (TTM)20.4×
14th percentile of 45
Debt / equity0.26×
50th percentile of 45
Short interest1.00d
1st percentile of 88

Micron Technology’s operating margin of 26.1% ranks in the 88th percentile of the 79 semiconductor companies reporting it. Micron Technology’s net margin of 22.8% ranks in the 86th percentile of the 80 semiconductor companies reporting it. Micron Technology’s revenue growth of +48.9% ranks in the 86th percentile of the 88 semiconductor companies reporting it.

No open-market insider buys in the last 90 days; 159 insider sales totaling $157.6M. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 7 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
7
+7 quant / multi-strat
Initiated / added
11
3 new, 8 added
Reduced / exited
2
2 trimmed, 0 exited
Combined position
$7.71B
reported long value
InvestorAs ofPosition valueSharesChange
Citadel AdvisorsquantQ1 2026$1.55B4.6MAdded
AQR Capital ManagementquantQ1 2026$1.47B4.5MAdded
D. E. ShawquantQ1 2026$1.24B3.7MAdded
Two Sigma InvestmentsquantQ1 2026$773.8M2.3MAdded
Renaissance TechnologiesquantQ1 2026$730.7M2.2MReduced
AppaloosaQ1 2026$562.5M1.7MAdded
Millennium ManagementquantQ1 2026$542.3M1.6MAdded
Bridgewater AssociatesQ1 2026$498.6M1.5MAdded
Point72 Asset ManagementquantQ1 2026$191.7M567.6KReduced
Gotham Asset ManagementQ1 2026$82.6M244.5KAdded
Coatue ManagementQ1 2026$56.1M165.9KNew
Duquesne Family OfficeQ1 2026$7.9M23.4KNew
Soros Fund ManagementQ1 2026$954,0602.8KNew
Ruane Cunniff (Sequoia)Q1 2026$730,4102.2KHeld

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
open-market
Bought (90d)
open-market value
Sells (90d)
159
$157.6M
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-23
filed 2026-07-27
ALLEN SCOTT R.CVP, Chief Accounting OfficerSell879$1000.00$879K
2026-07-01
filed 2026-07-06
ARNZEN APRIL SEVP and Chief People OfficerSell10.5K$1079.99$11.3M
2026-07-01
filed 2026-07-06
ARNZEN APRIL SEVP and Chief People OfficerSell4.3K$1077.05$4.6M
2026-07-01
filed 2026-07-06
ARNZEN APRIL SEVP and Chief People OfficerSell3.6K$1083.31$3.9M
2026-07-01
filed 2026-07-06
ARNZEN APRIL SEVP and Chief People OfficerSell3.6K$1080.96$3.9M
2026-07-01
filed 2026-07-06
ARNZEN APRIL SEVP and Chief People OfficerSell2.9K$1085.27$3.2M
2026-07-01
filed 2026-07-06
ARNZEN APRIL SEVP and Chief People OfficerSell2.5K$1092.68$2.7M
2026-07-01
filed 2026-07-06
ARNZEN APRIL SEVP and Chief People OfficerSell2.3K$1091.71$2.5M
2026-07-01
filed 2026-07-06
ARNZEN APRIL SEVP and Chief People OfficerSell2.1K$1095.25$2.3M
2026-07-01
filed 2026-07-06
ARNZEN APRIL SEVP and Chief People OfficerSell2.1K$1086.38$2.3M
2026-07-01
filed 2026-07-06
ARNZEN APRIL SEVP and Chief People OfficerSell1.3K$1087.21$1.4M
2026-07-01
filed 2026-07-06
ARNZEN APRIL SEVP and Chief People OfficerSell1.2K$1078.47$1.3M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
36.2M
settled 2026-07-15
Change vs prior
+14.3%
vs previous settlement
Days to cover
1.00
at avg daily volume
Avg daily volume
43.4M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-1536.2M+14.3%1.00
2026-06-3031.7M-23.9%1.00
2026-06-1541.6M+10.8%1.00
2026-05-2937.5M+6.6%1.00
2026-05-1535.2M-5.5%1.00
2026-04-3037.3M+2.6%1.03
2026-04-1536.3M+15.9%1.00
2026-03-3131.4M+6.6%1.00

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$37.38B$25.11B$15.54B$30.76B$27.70B
Gross profit$14.87B$5.61B$-1.42B$13.90B$10.42B
Operating income$9.77B$1.30B$-5.75B$9.70B$6.28B
Net income$8.54B$778.0M$-5.83B$8.69B$5.86B
Diluted EPS$7.59$0.70$-5.34$7.75$5.14

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$17.52B$8.51B$1.56B$15.18B$12.47B
Capital expenditure$15.86B$8.39B$7.68B$12.07B$10.03B
Free cash flow$1.67B$121.0M$-6.12B$3.11B$2.44B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q3 FY2026$41.46B345.7%$28.24B$24.67
Q2 FY2026$23.86B196.3%$13.79B$12.07
Q1 FY2026$13.64B56.7%$5.24B$4.60
Q4 FY2025$11.31B46.0%$3.20B$2.83
Q3 FY2025$9.30B36.6%$1.89B$1.68
Q2 FY2025$8.05B38.3%$1.58B$1.41
Q1 FY2025$8.71B84.3%$1.87B$1.67
Q4 FY2024$7.75B93.3%$887.0M$0.76

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industrySemiconductors & Related Devices
Fiscal year endSeptember 3
Latest fiscal periodFY2025
SEC filings since2017
SEC CIK723125

Recent SEC filings

10-K2025-10-03
View on EDGAR →
10-K2024-10-04
View on EDGAR →
10-Q2026-06-25
View on EDGAR →
10-Q2026-03-19
View on EDGAR →
10-Q2025-12-18
View on EDGAR →
10-Q2025-06-26
View on EDGAR →
8-K2026-06-24
View on EDGAR →
8-K2026-06-09
View on EDGAR →

Largest semiconductor peers

All semiconductor stocksAll Technology companies →

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.