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MICRON TECHNOLOGY INCMU

Sector
Technology
Industry
Semiconductors & Related Devices
Exchange
Nasdaq

Stock Price $MU

Latest filings

You are here#7 of 67 in Technology by market cap

Filing record · 2016–202610-K1110-Q348-K171

MU filed 11 annual reports (10-K), 34 quarterly reports (10-Q) and 171 current reports (8-K) between 2016 and 2026.

  1. Deal closed8-K · Dec ’16Dec ’16
  2. FY2019 annual report10-K · Oct ’19Oct ’19
  3. Leadership change8-K · Jan ’22Jan ’22
  4. Leadership change8-K · Oct ’25Oct ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  17. $37.38B
YoY changeLargest recent move+63.9%in FY17Latest +48.9%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

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All MU Financial Metrics62 metrics

Income Statement15

Balance Sheet27

Cash Flow15

Per Share5

02—Overview

MICRON TECHNOLOGY INC Financial Overview 2021–2025

Updated Jul 10, 2026

Micron Technology's revenue soared by an astonishing 346% year-over-year to $41.5 billiona in Q3 2026, underscoring an unprecedented demand shock from AI-centric data centers. This explosive growth validates a clear investment thesis: the company's strategic pivot toward high-bandwidth memory has fundamentally elevated its earning power and broken it out of historical memory boom-and-bust cycles.

The broader financial trajectory highlights a massive operational scale-up, as total revenue grew from $27.7 billion in FY2021 to $37.38 billionb in FY2025, overcoming an intermediate downturn that caused a $1.83 billion inventory write-down in FY2023. The underlying economics of this recovery are striking. By the end of FY2025, the Cloud Memory Business Unit became the company's largest segment after surging 257%. This shift toward premium AI products drove consolidated gross margins up from 22% in FY2024 to 40% in FY2025. That operational leverage then aggressively accelerated into Q3 2026, where gross margins hit 85%.

The market recognized this structural transformation as the company returned to sustained profitability. At the close of FY2025, the stock traded at 16.1x earnings with a closing price of $122.00c on $7.59 EPS. Bolstered by up to $6.44 billion in direct CHIPS Act grants to expand domestic manufacturing, Micron has secured a highly profitable footprint in the advanced memory supply chain.

Recent Developments (Q2 and Q3 2026)

Micron's recent quarters demonstrate a sharp acceleration in profitability, culminating in net income of $28.2 billiond in Q3 2026, up from $1.9 billion the year prior. This follows a strong Q2 2026 where revenue climbed 196% year-over-year and net income reached $13.785 billion. In Q3 2026, underlying segment performance drove these gains, with NAND revenue increasing 361% and DRAM revenue rising 343% year-over-year. The company optimized its capital structure, reducing total debt to $10.142 billion in Q2 2026 and concluding cash tender offers for outstanding senior notes in April 2026. Micron also expanded its Board with the appointment of Alexis Black Björlin in June 2026.

Bulls point to the $10 billione share repurchase program and surging average selling prices as indicators of lasting pricing power. Conversely, bears argue the stock is heavily overvalued, trading at 159.9x earnings as of June 25, 2026, leaving it vulnerable to cyclical semiconductor downturns.

What to watch: execution of the estimated $25 billion capital expenditures for FY2026; impacts of ongoing patent disputes.

03—Filings

Recent SEC Filings

  1. 8-KMICRON TECHNOLOGY INC 8-K Report, Financial Results (Sep 30, 2026)Micron Technology, Inc. (MU) has filed an 8-K report on September 30, 2026, to announce its financial results for the fourth quarter and full fiscal year 2026, ending September 3, 2026. This filing serves as the primary vehicle for investors to access the company's latest performance metrics and financial condition updates. While the 8-K itself does not contain the detailed financial data, it references an attached press release (Exhibit 99.1) which is expected to provide comprehensive information on revenue, profitability, earnings per share, and potentially forward-looking guidance. Investors should carefully review the press release for a thorough understanding of Micron's performance, particularly in light of the dynamic semiconductor market. Key areas of interest will likely include sales trends across different product segments (e.g., DRAM, NAND), gross margins, operating expenses, and cash flow generation. The information provided in this release will be crucial for assessing the company's strategic execution and its positioning for the upcoming fiscal year.
  2. 8-KMICRON TECHNOLOGY INC 8-K Report, Executive Changes (Aug 26, 2026)Micron Technology, Inc. (MU) has announced significant executive leadership changes, effective immediately. Manish Bhatia, formerly Executive Vice President of Global Operations, has been appointed President and Chief Operating Officer. Concurrently, Dr. Scott DeBoer, previously Executive Vice President, Chief Technology and Products Officer, will now serve as President and Chief Technology and Products Officer. These appointments reflect a deepening of responsibility for key operational and technological leaders within the company. Additionally, Sumit Sadana has transitioned from his role as Executive Vice President and Chief Business Officer to Senior Advisor to the CEO. These changes, announced on August 26, 2026, do not appear to involve changes in compensation for the newly appointed officers at this time, and both individuals have extensive tenures and experience within Micron. Investors should view these moves as a strategic realignment of leadership to drive continued operational efficiency and technological advancement.
  3. 8-KMICRON TECHNOLOGY INC 8-K Report, Financial Results (Jun 24, 2026)Micron Technology, Inc. (MU) has filed a Form 8-K on June 24, 2026, to report its financial results for the third quarter of fiscal year 2026, which ended on May 28, 2026. The key details of these results are provided in a press release attached as Exhibit 99.1 to this filing. While the filing itself doesn't contain the specific financial numbers, it formally announces the release of this information, signaling the company's performance update for the period. Investors should refer to the attached press release (Exhibit 99.1) for the actual financial performance metrics, including revenue, profitability, and any forward-looking guidance. This 8-K serves as the official notification mechanism for these results, and the attached press release will contain the granular data needed to assess the company's operational and financial condition for the third quarter. The information contained within this 8-K is specifically excluded from being deemed "filed" under Section 18 of the Exchange Act or incorporated by reference into other filings, meaning investors should rely on the press release itself for substantive details.
  4. 8-KMICRON TECHNOLOGY INC 8-K Report, Executive Changes (Jun 9, 2026)Micron Technology, Inc. (MU) has announced a key addition to its Board of Directors, appointing Alexis Black Björlin, effective June 9, 2026. This appointment is significant as Dr. Björlin has been determined to be an independent director under Nasdaq rules, bolstering the Board's independence, which will now comprise nine directors with eight being independent. Dr. Björlin's expertise will also contribute to the Governance and Sustainability Committee. Her appointment includes standard director compensation, encompassing a pro-rata cash retainer and a restricted stock grant, aligning her interests with those of shareholders. The company emphasizes that Dr. Björlin's selection was not based on any special arrangements and she has no disqualifying relationships or material interests. This move underscores Micron's commitment to strong corporate governance and independent oversight as it navigates the dynamic semiconductor market.
  5. 8-KMICRON TECHNOLOGY INC 8-K Report, Corporate Update (Apr 1, 2026)Micron Technology, Inc. (MU) has filed an 8-K report detailing the conclusion of its cash tender offers for several series of its outstanding senior notes. The company announced the pricing of these offers on March 31, 2026, and the subsequent expiration on April 1, 2026. This action indicates a strategic move by Micron to manage its debt obligations, potentially refinancing or retiring specific debt maturities. Investors should note that while the specific pricing and results of the tender offers are detailed in the accompanying press releases (Exhibit 99.1 and 99.2), the core event is the company's active management of its capital structure. This could signal a proactive approach to optimize its debt profile, possibly in anticipation of future financing needs, interest rate environments, or internal strategic objectives.
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04—See also

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