COVERAGE / MU / Technology

MICRON TECHNOLOGY INC

Semiconductors & Related Devices

COVERAGE STATUSACTIVE

DATA THROUGH2025-08-28

RESEARCH REPORTS1

SELECTED FILINGS1

Fundamental matrix

Latest / 2025-08-28 · Prior / 2024-08-29 · USD · Annual periods

Revenue

$37.38bn

Prior / $25.11bn

Change / +48.85%

SOURCE / 2025-10-03

Operating income

$9.77bn

Prior / $1.3bn

Change / +649.23%

SOURCE / 2025-10-03

Net income

$8.54bn

Prior / $0.78bn

Change / +997.56%

SOURCE / 2025-10-03

Diluted EPS

$7.59

Prior / $0.70

Change / +984.29%

SOURCE / 2025-10-03

Free cash flow

$1.67bn

Prior / $0.12bn

Change / +1278.51%

SOURCE / 2025-10-03

Gross margin

39.79%

Prior / 22.35%

Change / +17.44 pp

SOURCE / 2025-10-03

Operating margin

26.14%

Prior / 5.19%

Change / +20.95 pp

SOURCE / 2025-10-03

Return on avg. equity

17.20%

Prior / 1.74%

Change / +15.46 pp

SOURCE / 2025-10-03

Debt / equity

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

ROE uses net income divided by average opening/closing equity. FCF = operating cash flow − selected capital expenditure. Debt/equity is unavailable because a verified interest-bearing-debt series is absent; total liabilities are not substituted for debt.

Inspect source tags, dates and accession numbers

{
  "revenue": {
    "start": "2024-08-30",
    "end": "2025-08-28",
    "val": 37378000000,
    "accn": "0000723125-25-000028",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-10-03",
    "frame": "CY2025",
    "tag": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
    "unit": "USD"
  },
  "netIncome": {
    "start": "2024-08-30",
    "end": "2025-08-28",
    "val": 8539000000,
    "accn": "0000723125-25-000028",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-10-03",
    "frame": "CY2025",
    "tag": "us-gaap:NetIncomeLoss",
    "unit": "USD"
  },
  "grossProfit": {
    "start": "2024-08-30",
    "end": "2025-08-28",
    "val": 14873000000,
    "accn": "0000723125-25-000028",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-10-03",
    "frame": "CY2025",
    "tag": "us-gaap:GrossProfit",
    "unit": "USD"
  },
  "operatingIncome": {
    "start": "2024-08-30",
    "end": "2025-08-28",
    "val": 9770000000,
    "accn": "0000723125-25-000028",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-10-03",
    "frame": "CY2025",
    "tag": "us-gaap:OperatingIncomeLoss",
    "unit": "USD"
  },
  "eps": {
    "start": "2024-08-30",
    "end": "2025-08-28",
    "val": 7.59,
    "accn": "0000723125-25-000028",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-10-03",
    "frame": "CY2025",
    "tag": "us-gaap:EarningsPerShareDiluted",
    "unit": "USD/shares"
  },
  "operatingCashFlow": {
    "start": "2024-08-30",
    "end": "2025-08-28",
    "val": 17525000000,
    "accn": "0000723125-25-000028",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-10-03",
    "frame": "CY2025",
    "tag": "us-gaap:NetCashProvidedByUsedInOperatingActivities",
    "unit": "USD"
  },
  "capex": {
    "start": "2024-08-30",
    "end": "2025-08-28",
    "val": 15857000000,
    "accn": "0000723125-25-000028",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-10-03",
    "frame": "CY2025",
    "tag": "us-gaap:PaymentsToAcquirePropertyPlantAndEquipment",
    "unit": "USD"
  },
  "totalAssets": {
    "end": "2025-08-28",
    "val": 82798000000,
    "accn": "0000723125-25-000028",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-10-03",
    "tag": "us-gaap:Assets",
    "unit": "USD"
  },
  "totalLiabilities": {
    "end": "2025-08-28",
    "val": 28633000000,
    "accn": "0000723125-25-000028",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-10-03",
    "tag": "us-gaap:Liabilities",
    "unit": "USD"
  },
  "shareholdersEquity": {
    "end": "2025-08-28",
    "val": 54165000000,
    "accn": "0000723125-25-000028",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-10-03",
    "tag": "us-gaap:StockholdersEquity",
    "unit": "USD"
  },
  "currentAssets": {
    "end": "2025-08-28",
    "val": 28841000000,
    "accn": "0000723125-25-000028",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-10-03",
    "tag": "us-gaap:AssetsCurrent",
    "unit": "USD"
  },
  "currentLiabilities": {
    "end": "2025-08-28",
    "val": 11454000000,
    "accn": "0000723125-25-000028",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-10-03",
    "tag": "us-gaap:LiabilitiesCurrent",
    "unit": "USD"
  }
}

Financial trend system

Annual financial trends are summarized in the accessible table below.

Annual figures / accessible table

Period end	Revenue	Net income	Free cash flow	EPS
2025-08-28	$37.38bn	$8.54bn	$1.67bn	$7.59
2024-08-29	$25.11bn	$0.78bn	$0.12bn	$0.70
2023-08-31	$15.54bn	$-5.83bn	$-6.12bn	$-5.34
2022-09-01	$30.76bn	$8.69bn	$3.11bn	$7.75

Valuation context

Historical snapshot / 2026-09-17. Annual accounting period / 2025-08-28. Not current, TTM or forward valuation.

Dated ratios / eligible same-method sector sample
Measure	Snapshot value	Historical median	Sector median	Peer count
P/E	128.79x	Unavailable	47.78x	16
P/S	29.54x	Unavailable	12.58x	14
P/B	20.38x	Unavailable	14.12x	13
EV / EBITDA	Unavailable	Unavailable	Unavailable	0
FCF yield	0.15%	Unavailable	1.72%	11

Annual denominators, not TTM or forward. Capitalization-based measures use estimated market capitalization from the dated quote snapshot. ADR/share-basis uncertainty is excluded. No comparable historical-multiple series or EV/EBITDA is available. Sector samples are equal-weight medians of this publication’s eligible covered companies; fiscal periods differ. No fair value or price target is implied.

Source: Yahoo Finance completed daily-bar snapshot; not live; market cap estimated using SEC shares at 2026-06-17 DAILY-BAR SOURCE ↗

Retained price snapshot and capitalization estimate

{
  "currentPrice": 977.5,
  "tradingDate": "2026-09-17",
  "marketCap": 1103981805102.5,
  "source": "Yahoo Finance completed daily-bar snapshot; not live; market cap estimated using SEC shares at 2026-06-17"
}

Company & operating context

MICRON TECHNOLOGY INC is an SEC-reporting issuer listed on NASDAQ under MU. Its SEC industry description is Semiconductors & Related Devices. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications.

Product cycles, recurring software revenue and infrastructure investment shape this broad group. Hardware and software businesses have different cost structures.

Segment-level revenue is not included in this standardized dataset. Consult the business and segment notes in the linked annual filing for the issuer’s actual reporting segments.

Filing timeline

10-KFILED / 2025-10-03PERIOD / 2025-08-28

MU filed this 10-K on 2025-10-03 for the reported period 2025-08-28. Reading focus: Revenue mix, research spending, inventory and cash conversion. This is a metadata-based reading guide; it does not assert that a particular event or risk change occurred in the document.

ORIGINAL SEC DISCLOSURE ↗

Research archive

HR-0104MUCompany Research

MU: reading the FY2025 financial structure ↗

MICRON TECHNOLOGY INC

Research abstract

Annual revenue of USD 37.378 billion and net income of USD 8.539 billion for the period ended 2025-08-28.

DATA THROUGH2025-08-282 MIN READPUBLISHED 2026-09-26

Sector context & risk factors

Customer concentration, product transitions, export restrictions and the durability of capital spending.

Revenue mix, research spending, inventory and cash conversion.

TECHNOLOGY SYSTEM ↗

Sources & dates

SEC annual filing · 2025-08-28 ↗Source date 2025-10-03
SEC annual filing · 2024-08-29 ↗Source date 2025-10-03
SEC annual filing · 2023-08-31 ↗Source date 2025-10-03
SEC annual filing · 2022-09-01 ↗Source date 2024-10-04
SEC issuer record ↗Source date 2026-09-18