Micron Technology, Inc. (MU) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 41.46B | 23.86B | 13.64B | 11.31B | 9.3B | 8.05B | 8.71B | 7.75B | 6.81B | 5.82B | 4.73B | 4.01B | 3.75B | 3.69B | 4.08B | 6.64B | 8.64B | 7.79B | 7.69B | 8.27B |
| Revenue Growth % | 345.72% | 196.29% | 56.65% | 46% | 36.56% | 38.27% | 84.28% | 93.27% | 81.53% | 57.7% | 15.69% | -39.64% | -56.58% | -52.57% | -46.86% | -19.71% | 16.44% | 24.86% | 33.15% | 36.62% |
| Cost of Goods Sold | 6.4B | 6.11B | 5.99B | 6.26B | 5.79B | 5.09B | 5.36B | 5.01B | 4.98B | 4.75B | 4.76B | 4.45B | 4.42B | 4.9B | 3.19B | 4.02B | 4.61B | 4.11B | 4.12B | 4.36B |
| COGS % of Revenue | 15.44% | 25.61% | 43.91% | 55.33% | 62.28% | 63.21% | 61.56% | 64.68% | 73.1% | 81.47% | 100.74% | 110.85% | 117.8% | 132.66% | 78.14% | 60.53% | 53.31% | 52.79% | 53.62% | 52.72% |
| Gross Profit | 35.06B | 17.75B | 7.65B | 5.05B | 3.51B | 2.96B | 3.35B | 2.74B | 1.83B | 1.08B | -35M | -435M | -668M | -1.21B | 893M | 2.62B | 4.04B | 3.68B | 3.56B | 3.91B |
| Gross Margin % | 84.56% | 74.39% | 56.09% | 44.67% | 37.72% | 36.79% | 38.44% | 35.32% | 26.9% | 18.53% | -0.74% | -10.85% | -17.8% | -32.66% | 21.86% | 39.47% | 46.69% | 47.21% | 46.38% | 47.28% |
| Gross Profit Growth % | 899.32% | 499.02% | 128.55% | 84.65% | 91.48% | 174.61% | 9665.71% | 729.2% | 374.25% | 189.47% | -103.92% | -116.59% | -116.56% | -132.81% | -74.95% | -32.98% | 29.08% | 122.92% | 105.36% | 89.17% |
| Operating Expenses | 1.72B | 1.59B | 1.51B | 1.3B | 1.34B | 1.19B | 1.17B | 1.22B | 1.11B | 888M | 1.09B | 1.04B | 1.09B | 1.1B | 1.1B | 1.1B | 1.03B | 1.13B | 934M | 957M |
| OpEx % of Revenue | 4.16% | 6.68% | 11.05% | 11.49% | 14.4% | 14.78% | 13.48% | 15.68% | 16.34% | 15.25% | 23.13% | 25.86% | 29.13% | 29.7% | 26.98% | 16.57% | 11.93% | 14.51% | 12.15% | 11.57% |
| Selling, General & Admin | 407M | 344M | 337M | 314M | 318M | 285M | 288M | 295M | 291M | 280M | 263M | 219M | 219M | 231M | 251M | 280M | 264M | 263M | 254M | 236M |
| SG&A % of Revenue | 0.98% | 1.44% | 2.47% | 2.78% | 3.42% | 3.54% | 3.31% | 3.81% | 4.27% | 4.81% | 5.56% | 5.46% | 5.84% | 6.26% | 6.14% | 4.21% | 3.05% | 3.38% | 3.3% | 2.85% |
| Research & Development | 1.32B | 1.25B | 1.17B | 1.03B | 965M | 898M | 906M | 903M | 850M | 832M | 865M | 719M | 758M | 788M | 872M | 839M | 773M | 792M | 732M | 705M |
| R&D % of Revenue | 3.17% | 5.24% | 8.58% | 9.09% | 10.38% | 11.15% | 10.4% | 11.65% | 12.48% | 14.29% | 18.3% | 17.93% | 20.2% | 21.34% | 21.35% | 12.63% | 8.94% | 10.17% | 9.52% | 8.52% |
| Other Operating Expenses | 0 | 0 | 0 | -1000K | 1000K | 1000K | -1000K | 1000K | -1000K | -1000K | -1000K | 1000K | 1000K | 1000K | -1000K | -1000K | -1000K | 1000K | -1000K | 1000K |
| Operating Income | 33.33B | 16.14B | 6.14B | 3.75B | 2.17B | 1.77B | 2.17B | 1.52B | 719M | 191M | -1.13B | -1.47B | -1.76B | -2.3B | -209M | 1.52B | 3B | 2.55B | 2.63B | 2.96B |
| Operating Margin % | 80.41% | 67.62% | 45.03% | 33.18% | 23.32% | 22.02% | 24.96% | 19.64% | 10.56% | 3.28% | -23.87% | -36.71% | -46.94% | -62.36% | -5.12% | 22.9% | 34.76% | 32.7% | 34.23% | 35.71% |
| Operating Income Growth % | 1436.79% | 810.04% | 182.61% | 146.65% | 201.67% | 828.27% | 292.73% | 203.4% | 140.83% | 108.29% | -439.71% | -196.78% | -158.62% | -190.46% | -107.94% | -48.53% | 66.98% | 284.01% | 203.81% | 155.4% |
| EBITDA | 12.15B | 18.42B | 8.36B | 5.94B | 4.26B | 3.82B | 4.2B | 3.43B | 2.67B | 2.07B | 787M | 379M | 195M | -361M | 1.71B | 3.32B | 4.83B | 4.29B | 4.3B | 4.58B |
| EBITDA Margin % | 29.31% | 77.2% | 61.25% | 52.48% | 45.83% | 47.4% | 48.27% | 44.21% | 39.26% | 35.61% | 16.65% | 9.45% | 5.2% | -9.78% | 41.91% | 49.95% | 55.83% | 55.07% | 55.96% | 55.31% |
| EBITDA Growth % | 185.03% | 382.6% | 98.76% | 73.32% | 59.42% | 84.04% | 434.18% | 803.96% | 1271.28% | 674.52% | -54.03% | -88.58% | -95.96% | -108.42% | -60.2% | -27.49% | 43.77% | 93.85% | 82.83% | 67.99% |
| D&A (Non-Cash Add-back) | -21.18B | 2.29B | 2.21B | 2.18B | 2.09B | 2.04B | 2.03B | 1.9B | 1.96B | 1.88B | 1.92B | 1.85B | 1.96B | 1.94B | 1.92B | 1.8B | 1.82B | 1.74B | 1.67B | 1.62B |
| EBIT | 33.33B | 16.23B | 6.13B | 3.76B | 2.24B | 1.87B | 2.27B | 1.53B | 681M | 315M | -1.03B | -1.38B | -1.65B | -2.22B | -196M | 1.5B | 3B | 2.55B | 2.67B | 2.95B |
| Net Interest Income | 215M | 123M | 65M | 22M | 12M | -4M | -11M | -5M | -14M | -14M | 0 | 5M | 8M | 30M | 37M | 9M | -24M | -43M | -35M | -38M |
| Interest Income | 215M | 155M | 139M | 146M | 135M | 108M | 107M | 131M | 136M | 130M | 132M | 134M | 127M | 119M | 88M | 54M | 20M | 12M | 10M | 9M |
| Interest Expense | 0 | 32M | 74M | 124M | 123M | 112M | 118M | 136M | 150M | 144M | 132M | 129M | 119M | 89M | 51M | 45M | 44M | 55M | 45M | 47M |
| Other Income/Expense | -112M | 25M | -75M | -117M | -56M | -13M | -21M | -12M | -10M | -20M | -33M | 18M | 4M | 45M | 22M | 27M | -20M | -28M | -106M | -5M |
| Pretax Income | 33.22B | 16.16B | 6.07B | 3.64B | 2.11B | 1.76B | 2.15B | 1.51B | 709M | 171M | -1.16B | -1.45B | -1.76B | -2.26B | -187M | 1.55B | 2.98B | 2.52B | 2.52B | 2.95B |
| Pretax Margin % | 80.14% | 67.73% | 44.48% | 32.14% | 22.72% | 21.86% | 24.72% | 19.48% | 10.41% | 2.94% | -24.57% | -36.26% | -46.83% | -61.14% | -4.58% | 23.3% | 34.53% | 32.34% | 32.85% | 35.65% |
| Income Tax | 4.98B | 2.37B | 829M | 429M | 235M | 177M | 283M | 623M | 377M | -622M | 73M | -24M | 139M | 54M | 8M | 56M | 358M | 255M | 219M | 230M |
| Effective Tax Rate % | 14.98% | 14.67% | 13.66% | 11.8% | 11.12% | 10.06% | 13.14% | 41.26% | 53.17% | -363.74% | -6.29% | 1.65% | -7.91% | -2.39% | -4.28% | 3.62% | 12% | 10.13% | 8.67% | 7.8% |
| Net Income | 28.24B | 13.79B | 5.24B | 3.2B | 1.89B | 1.58B | 1.87B | 887M | 332M | 793M | -1.23B | -1.43B | -1.9B | -2.31B | -195M | 1.49B | 2.63B | 2.26B | 2.31B | 2.72B |
| Net Margin % | 68.13% | 57.79% | 38.41% | 28.29% | 20.27% | 19.66% | 21.47% | 11.45% | 4.87% | 13.62% | -26.11% | -35.66% | -50.53% | -62.6% | -4.77% | 22.46% | 30.39% | 29.07% | 30% | 32.87% |
| Net Income Growth % | 1398.3% | 771.07% | 180.21% | 260.88% | 467.77% | 99.62% | 251.54% | 162.03% | 117.51% | 134.3% | -532.82% | -195.84% | -172.2% | -202.17% | -108.46% | -45.15% | 51.35% | 275.29% | 187.17% | 175.3% |
| Net Income (Continuing) | 28.24B | 13.79B | 5.24B | 3.21B | 1.88B | 1.58B | 1.87B | 887M | 332M | 793M | -1.23B | -1.43B | -1.9B | -2.31B | -195M | 1.49B | 2.63B | 2.26B | 2.31B | 2.72B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 24.67 | 12.08 | 4.60 | 2.83 | 1.68 | 1.41 | 1.67 | 0.79 | 0.30 | 0.71 | -1.12 | -1.31 | -1.73 | -2.13 | -0.17 | 1.35 | 2.34 | 2.00 | 2.04 | 2.39 |
| EPS Growth % | 1368.45% | 756.74% | 175.45% | 258.23% | 460% | 98.59% | 249.11% | 160.31% | 117.34% | 133.33% | -558.82% | -197.04% | -173.93% | -206.5% | -108.33% | -43.51% | 53.95% | 277.36% | 187.32% | 174.71% |
| EPS (Basic) | 25.04 | 12.25 | 4.66 | 2.86 | 1.69 | 1.42 | 1.68 | 0.80 | 0.30 | 0.72 | -1.12 | -1.31 | -1.73 | -2.13 | -0.17 | 1.36 | 2.36 | 2.00 | 2.06 | 2.42 |
| Diluted Shares Outstanding | 1.15B | 1.14B | 1.14B | 1.13B | 1.13B | 1.12B | 1.12B | 1.13B | 1.12B | 1.11B | 1.1B | 1.09B | 1.09B | 1.09B | 1.09B | 1.11B | 1.12B | 1.13B | 1.13B | 1.14B |
| Basic Shares Outstanding | 1.13B | 1.13B | 1.13B | 1.12B | 1.12B | 1.11B | 1.11B | 1.11B | 1.11B | 1.1B | 1.1B | 1.09B | 1.09B | 1.09B | 1.09B | 1.1B | 1.11B | 1.12B | 1.12B | 1.12B |
| Dividend Payout Ratio | 0.61% | 0.96% | 2.56% | 4.06% | 6.95% | 8.21% | 7.01% | 14.54% | 38.55% | 16.02% | - | - | - | - | - | 8.45% | 4.23% | 4.95% | 4.86% | - |