MICRON TECHNOLOGY INC
Business
Micron Technology is a semiconductor manufacturer and industry leader in memory and storage solutions, producing DRAM, NAND, and NOR memory products and storage devices including SSDs and managed NAND. The company sells high-performance memory and storage solutions under the Micron and Crucial brands through four business segments: Cloud Memory Business Unit, Core Data Center Business Unit, Mobile and Client Business Unit, and Automotive and Embedded Business Unit. Micron manufactures products at wholly-owned facilities in Taiwan, Singapore, Japan, the United States, Malaysia, China, and India, and serves customers globally across data center, mobile, client, automotive, industrial, and consumer markets.
Summary from 10-K filed 2025-10-03
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-08-31 | FY 2024 2024-08-31 | FY 2023 2023-08-31 | FY 2022 2022-08-31 | FY 2021 2021-08-31 |
|---|---|---|---|---|---|---|
| Revenue | 37,378 | 25,111 | 15,540 | 30,758 | 27,705 | |
| Cost of goods sold | 22,505 | 19,498 | 16,956 | 16,860 | 17,282 | |
| Gross margin | 14,873 | 5,613 | −1,416 | 13,898 | 10,423 | |
| Research and development | 3,798 | 3,430 | 3,114 | 3,116 | 2,663 | |
| Selling, general, and administrative | 1,205 | 1,129 | 920 | 1,066 | 894 | |
| Restructure and asset impairments | 39 | 1 | 171 | 48 | 488 | |
| Other operating (income) expense, net | 61 | −251 | 124 | −34 | 95 | |
| Operating income (loss) | 9,770 | 1,304 | −5,745 | 9,702 | 6,283 | |
| Interest income | 496 | 529 | 468 | 96 | 37 | |
| Interest expense | −477 | −562 | −388 | −189 | — | |
| Other non-operating income (expense), net | −135 | −31 | 7 | −38 | 81 | |
| Income (loss) before income taxes and equity in net income (loss) of equity method investees | 9,654 | 1,240 | −5,658 | 9,571 | 6,218 | |
| Income tax (provision) benefit | −1,124 | −451 | −177 | −888 | −394 | |
| Equity in net income (loss) of equity method investees | 9 | −11 | 2 | 4 | 37 | |
| Net income (loss) | 8,539 | 778 | −5,833 | 8,687 | 5,861 | |
| Basic (in dollars per share) | 7.65 | 0.7 | −5.34 | 7.81 | 5.23 | |
| Diluted (in dollars per share) | 7.59 | 0.7 | −5.34 | 7.75 | 5.14 | |
| Basic (in shares) | 1,116 | 1,105 | 1,093 | 1,112 | 1,120 | |
| Diluted (in shares) | 1,125 | 1,118 | 1,093 | 1,122 | 1,141 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-08-31 | FY 2024 2024-08-31 | FY 2023 2023-08-31 | FY 2022 2022-08-31 | FY 2021 2021-08-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 9,642 | 7,041 | 8,577 | 8,262 | 7,763 | |
| Short-term investments | 665 | 1,065 | 1,017 | 1,069 | 870 | |
| Receivables | 9,265 | 6,615 | 2,443 | 5,130 | 5,311 | |
| Inventories | 8,355 | 8,875 | 8,387 | 6,663 | 4,487 | |
| Other current assets | 914 | 776 | 820 | 657 | 502 | |
| Total current assets | 28,841 | 24,372 | 21,244 | 21,781 | 19,907 | |
| Long-term marketable investments | 1,629 | 1,046 | 844 | 1,647 | 1,765 | |
| Property, plant, and equipment | 46,590 | 39,749 | 37,928 | 38,549 | 33,213 | |
| Operating lease right-of-use assets | 736 | 645 | 666 | 678 | 551 | |
| Intangible assets | 453 | 416 | 404 | 421 | 349 | |
| Deferred tax assets | 616 | 520 | 756 | 702 | 782 | |
| Goodwill | 1,150 | 1,150 | 1,150 | 1,228 | 1,228 | |
| Other noncurrent assets | 2,783 | 1,518 | 1,262 | 1,277 | 1,054 | |
| Total assets | 82,798 | 69,416 | 64,254 | 66,283 | 58,849 | |
| Accounts payable and accrued expenses | 9,649 | 7,299 | 3,958 | 6,090 | 5,325 | |
| Current debt | 560 | 431 | 278 | 103 | 155 | |
| Other current liabilities | 1,245 | 1,518 | 529 | 1,346 | 944 | |
| Total current liabilities | 11,454 | 9,248 | 4,765 | 7,539 | 6,424 | |
| Long-term debt | 14,017 | 12,966 | 13,052 | 6,803 | 6,621 | |
| Noncurrent operating lease liabilities | 701 | 610 | 603 | 610 | 504 | |
| Noncurrent unearned government incentives | 1,018 | 550 | 727 | — | — | |
| Other noncurrent liabilities | 1,443 | 911 | 987 | 835 | 559 | |
| Total liabilities | 28,633 | 24,285 | 20,134 | 16,376 | 14,916 | |
| Commitments and contingencies | — | — | — | — | — | |
| Common stock, $0.10 par value, 3,000 shares authorized, 1,266 shares issued and 1,122 outstanding (1,253 shares issued and 1,109 outstanding as of August 29, 2024) | 127 | 125 | 124 | 123 | 122 | |
| Additional capital | 13,339 | 12,115 | 11,036 | 10,197 | 9,453 | |
| Retained earnings | 48,583 | 40,877 | 40,824 | 47,274 | 39,051 | |
| Treasury stock, 144 shares held (144 shares as of August 29, 2024) | −7,852 | −7,852 | −7,552 | −7,127 | −4,695 | |
| Accumulated other comprehensive income (loss) | −32 | −134 | −312 | −560 | 2 | |
| Total equity | 54,165 | 45,131 | 44,120 | 49,907 | 43,933 | |
| Total liabilities and equity | 82,798 | 69,416 | 64,254 | 66,283 | 58,849 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-08-31 | FY 2024 2024-08-31 | FY 2023 2023-08-31 | FY 2022 2022-08-31 | FY 2021 2021-08-31 |
|---|---|---|---|---|---|---|
| Depreciation expense and amortization of intangible assets | 8,352 | 7,780 | 7,756 | 7,116 | 6,214 | |
| Stock-based compensation | 972 | 833 | 596 | 514 | 378 | |
| Provision to write down inventories to net realizable value | 0 | 0 | 1,830 | 0 | 0 | |
| Goodwill impairment | 0 | 0 | 101 | 0 | 0 | |
| Receivables | −1,776 | −3,581 | 2,763 | 190 | −1,446 | |
| Inventories | 520 | −488 | −3,555 | −2,179 | 866 | |
| Accounts payable and accrued expenses | 862 | 1,915 | −1,302 | 334 | 210 | |
| Other current liabilities | −272 | 989 | −817 | 400 | — | |
| Other | 328 | 281 | 19 | 119 | −70 | |
| Net cash provided by operating activities | 17,525 | 8,507 | 1,559 | 15,181 | 12,468 | |
| Expenditures for property, plant, and equipment | −15,857 | −8,386 | −7,676 | −12,067 | −10,030 | |
| Purchases of available-for-sale securities | −1,890 | −1,999 | −723 | −1,770 | −3,163 | |
| Proceeds from government incentives | 2,005 | 315 | 710 | 115 | 495 | |
| Proceeds from maturities and sales of available-for-sale securities | 1,698 | 1,794 | 1,591 | 1,615 | — | |
| Other | −43 | −33 | −93 | −366 | 3 | |
| Net cash used for investing activities | −14,087 | −8,309 | −6,191 | −11,585 | −10,589 | |
| Repayments of debt | −4,619 | −1,897 | −761 | −2,032 | −1,520 | |
| Payments of dividends to shareholders | −522 | −513 | −504 | −461 | 0 | |
| Repurchases of common stock - repurchase program | 0 | −300 | −425 | −2,432 | −1,200 | |
| Payments on equipment purchase contracts | 0 | −149 | −138 | −141 | −295 | |
| Proceeds from issuance of debt | 4,430 | 999 | 6,716 | 2,000 | 1,188 | |
| Other | −139 | 18 | 95 | 86 | 46 | |
| Net cash provided by (used for) financing activities | −850 | −1,842 | 4,983 | −2,980 | −1,781 | |
| Effect of changes in currency exchange rates on cash, cash equivalents, and restricted cash | 6 | 40 | −34 | −106 | 41 | |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 2,594 | −1,604 | 317 | 510 | 139 | |
| Income taxes paid, net | −583 | −338 | −532 | −493 | −361 | |
| Interest paid, net of amounts capitalized | −418 | −503 | −323 | −154 | −171 | |
| Non-cash equipment acquisitions on contracts payable | 321 | 118 | 165 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is MICRON TECHNOLOGY INC's CIK number?
MICRON TECHNOLOGY INC's SEC CIK number is 0000723125 (723125). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find MICRON TECHNOLOGY INC's SEC filings?
All of MICRON TECHNOLOGY INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did MICRON TECHNOLOGY INC last report earnings?
MICRON TECHNOLOGY INC (MU) most recently filed an earnings 8-K with the SEC on Jun 24, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000723125-26-000013). This is MICRON TECHNOLOGY INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is MICRON TECHNOLOGY INC's most recent earnings 8-K?
MICRON TECHNOLOGY INC's latest earnings 8-K (Item 2.02) was filed Jun 24, 2026 under accession 0000723125-26-000013. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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