MICRON TECHNOLOGY INC

Listed Company

MUCIK 0000723125NasdaqLarge AcceleratedSemiconductors & Related DevicesDelawareFY ends Sep 3

Period

FY 2025

Revenue

$37.38B

Net Income

$8.54B

Total Assets

$82.80B

Equity

$54.16B

Shares Out

1.13B

Op. Cash Flow

$17.52B

Business

MICRON TECHNOLOGY INC is an industry leader that designs, develops, manufactures, and sells high-performance semiconductor memory and storage solutions for a wide range of computing applications. The company offers DRAM, NAND, and NOR technologies and system-level products including SSDs, managed NAND, multi-chip packages, memory modules, and wafers under the Micron and Crucial brands. Its operations are organized into four business units focused on cloud memory, core data center, mobile and client, and automotive and embedded markets. Micron sells globally through a direct sales force, distributors, retailers, and web-based customer-direct channels.

Summary from filing dated 2025-10-03

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	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

As of · In millions, except per-share amounts

Concept	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

Year Ended · In millions, except per-share amounts

Concept	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

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