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MICRON TECHNOLOGY INC (MU)

As-reported financials and SEC filings for MICRON TECHNOLOGY INC. The latest annual period is FY2025. The latest reported quarter is Q3 FY2026. 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%
net income / fiscal-year-end equity
P/E
23.3×
trailing when available, otherwise FY EPS
Market cap
$1.10T
Long-term debt / equity
0.26×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended August 28, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and 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%
40th percentile of 78
Revenue growth (YoY)+48.9%
86th percentile of 88
ROE15.8%
74th percentile of 74
P/E23.3×
26th percentile of 44
Long-term debt / equity0.26×
51st percentile of 44
Short interest1.16d
6th 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 reported insider purchases (code P) in the last 90 days; 140 insider sales totaling $182.2M. For context, about 14% of companies in the universe saw any reported insider purchase (code P) 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 10 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
10
+7 quant / multi-strat
Initiated / added
6
4 new, 2 added
Reduced / exited
11
10 trimmed, 1 exited
Combined position
$13.74B
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$4.43B3.8MReduced
Coatue ManagementQ2 2026$3.63B3.1MAdded
AppaloosaQ2 2026$1.13B975.0KReduced
D. E. ShawquantQ2 2026$887.4M768.8KReduced
Citadel AdvisorsquantQ2 2026$693.2M600.5KReduced
Two Sigma InvestmentsquantQ2 2026$617.7M535.2KReduced
Sands Capital ManagementQ2 2026$608.1M526.8KNew
Millennium ManagementquantQ2 2026$596.9M517.1KReduced
Point72 Asset ManagementquantQ2 2026$359.8M311.7KReduced
Renaissance TechnologiesquantQ2 2026$244.2M211.6KReduced
Altimeter Capital ManagementQ2 2026$241.8M209.5KNew
Gotham Asset ManagementQ2 2026$146.8M127.2KReduced
Bridgewater AssociatesQ2 2026$134.7M116.7KReduced
Soros Fund ManagementQ2 2026$25.9M22.4KAdded
Ruane Cunniff (Sequoia)Q2 2026$2.5M2.2KHeld
Maverick CapitalQ2 2026$1.9M1.7KNew
Harris Associates (Oakmark)Q2 2026$207,772180New

No longer held by: Duquesne Family Office (as of Q2 2026)

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
code P
Bought (90d)
code P value
Sells (90d)
140
$182.2M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-21
filed 2026-08-25
MEHROTRA SANJAYPresident and CEOSell5.3K$967.75$5.1M
2026-08-21
filed 2026-08-25
MEHROTRA SANJAYPresident and CEOSell4.3K$962.84$4.1M
2026-08-21
filed 2026-08-25
MEHROTRA SANJAYPresident and CEOSell4.2K$963.84$4.1M
2026-08-21
filed 2026-08-25
MEHROTRA SANJAYPresident and CEOSell3.4K$964.67$3.3M
2026-08-21
filed 2026-08-25
MEHROTRA SANJAYPresident and CEOSell2.9K$966.85$2.8M
2026-08-21
filed 2026-08-25
MEHROTRA SANJAYPresident and CEOSell2.9K$965.81$2.8M
2026-08-21
filed 2026-08-25
MEHROTRA SANJAYPresident and CEOSell2.8K$968.77$2.8M
2026-08-21
filed 2026-08-25
MEHROTRA SANJAYPresident and CEOSell1.6K$961.58$1.5M
2026-08-21
filed 2026-08-25
MEHROTRA SANJAYPresident and CEOSell1.4K$983.11$1.3M
2026-08-21
filed 2026-08-25
MEHROTRA SANJAYPresident and CEOSell1.1K$976.80$1.1M
2026-08-21
filed 2026-08-25
MEHROTRA SANJAYPresident and CEOSell1.1K$979.20$1.1M
2026-08-21
filed 2026-08-25
MEHROTRA SANJAYPresident and CEOSell1.0K$971.78$1.0M

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
29.7M
settled 2026-08-31
Change vs prior
-1.0%
vs previous settlement
Days to cover
1.16
at avg daily volume
Avg daily volume
25.6M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-3129.7M-1.0%1.16
2026-08-1430.0M+0.4%1.00
2026-07-3129.9M-17.4%1.00
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

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 details: where the numbers come from.

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 details: where the numbers come from.

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 details: where the numbers come from.

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
Latest annual periodFY2025 (ended August 28, 2025)
Latest reported quarterQ3 FY2026 (ended May 28, 2026)
Oldest indexed filing2017
SEC CIK723125

Selected 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-K2026-08-26
View on EDGAR →
8-K2026-06-24
View on EDGAR →

Largest semiconductor peers

All semiconductor stocksAll Technology companies →

MU head to head

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