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Micron Technology Inc (MU) operating KPIs

MUNasdaqSemiconductors & Related DevicesFiscal year ends September 3
Financials through Q4 FY2026, quarter ended Sep 3, 2026Last filing: 10-K on Oct 9, 2026Score 25/3054% below fair value
$884.74−49.53 (-5.30%)

Close on Oct 30, 2026Market cap $999.22BP/E 11.9Yield 0.06%

KPIs

Operating metrics that drive Micron Technology's business · fiscal year ends Thursday closest to August 31

The chart is empty. Tick the box next to any metric in the table below to plot it — tick several to compare them on one chart.

Micron Technology's fiscal year ends Thursday closest to August 31 — Q1 FY27 = Sep–Nov 2026.

Column labels
Add to chartMetric
Q1 FY27
2026-11-28
Q4 FY26
2026-09-03
Q3 FY26
2026-05-28
Q2 FY26
2026-02-26
Q1 FY26
2025-11-27
Q4 FY25
2025-08-28
Q3 FY25
2025-05-29
Q2 FY25
2025-02-27
Q1 FY25
2024-11-28
Q4 FY24
2024-08-29
Q3 FY24
2024-05-30
Q2 FY24
2024-02-29
Next-quarter revenue guidance (midpoint)($M)7
61,50050,00033,50018,70012,50011,2008,8007,9008,7007,6006,6005,300
Next-quarter Non-GAAP gross margin guidance (midpoint)(%)
86.3%86.0%81.0%68.0%51.5%44.5%36.5%38.5%39.5%34.5%26.5%13.0%
Next-quarter GAAP gross margin guidance (midpoint)(%)
86.0%86.0%81.0%67.0%50.5%43.5%35.5%37.5%38.5%33.5%25.5%12.0%
Next-quarter Non-GAAP operating expenses guidance (midpoint)($M)
2,0601,6501,4001,3801,3401,2201,1301,1001,0851,060990950
Next-quarter GAAP operating expenses guidance (midpoint)($M)
2,3101,8601,6001,5601,4901,3701,2701,2401,2111,1901,1101,070
Next-quarter Non-GAAP diluted EPS guidance (midpoint)($)
38.153119.158.423.752.851.571.431.741.080.45-0.28
Next-quarter GAAP diluted EPS guidance (midpoint)($)
37.8430.7318.908.193.562.641.371.261.540.610.17-0.45
Capital expenditures, net (WFE & facility CapEx) guidance($M)
11,500
Remaining performance obligations (RPO — multi-year Strategic Customer Agreements)($M)5
134,0005,000
Share of RPO expected to be recognized as revenue within 12 months(%)
25.0%33.3%
Total customer contract liabilities (capacity reservation deposits & deferred revenue)($M)2
13,000422169146555614907756
Noncurrent customer contract liabilities (LTA deposits scheduled 2029–2031)($M)
12,895142
Current customer contract liabilities (historical 10-Q/10-K breakdown)($M)
263413473766615600
Customer letters of credit backing Strategic Customer Agreements($M)
7,000
Revenue recognized from beginning customer contract liability balance($M)
141264301
Customer refund, price protection & volume rebate liabilities (current)($M)
4,3203,3202,5501,6401,190807756858718617562
Capital expenditure (PP&E & wafer fab equipment) purchase obligations($M)
4,1802,9302,1001,6801,7701,6901,7301,4901,1701,3101,010
Government incentives cash proceeds received (CHIPS Act, METI Japan, India, Singapore)($M)3
3277331,378878711266963654833149
Government incentives receivable — current($M)
3,3193,4081,3591,6641,5721,320951809834340
Unearned government incentives liability — noncurrent($M)
7861,0201,0021,1481,018603836570550672662
Approved U.S. CHIPS Act direct funding grants — total2
CHIPS Act direct grant — Boise, Idaho & Clay, New York DRAM mega-fabs($M)
6,1006,1006,100
Remaining uncollected U.S. CHIPS Act direct grant balance($M)
4,900
DRAM revenue (HBM3E/HBM4, High-Capacity DDR5 RDIMM, LPDDR5X/SOCAMM, Graphics)($M)3
39,77131,32818,76810,8128,9847,0716,1236,4005,3264,6924,158
DRAM revenue sequential growth (% QoQ)(%)
67.0%74.0%20.0%15.0%-4.0%20.0%
DRAM revenue year-over-year growth (% YoY)(%)
343.0%207.0%69.0%51.0%47.0%87.0%
DRAM Average Selling Price (ASP) sequential change (% QoQ, exact point disclosures)(%)
20.0%
NAND revenue (Data Center Gen5/Gen6 & 6600 ION SSDs, Client SSDs, Mobile UFS)($M)3
14,1029,9434,9972,7432,2522,1551,8552,2412,3652,0651,567
NAND revenue sequential growth (% QoQ)(%)
99.0%82.0%22.0%16.0%-17.0%-5.0%
NAND revenue year-over-year growth (% YoY)(%)
361.0%169.0%22.0%4.0%18.0%82.0%
NAND bit shipments year-over-year change (% YoY, exact point disclosures)(%)
30.0%10.0%
Other memory revenue (primarily NOR Flash & historical 3D XPoint)($M)
356185958879757568595499
Cloud Memory Business Unit (CMBU) — Revenue($M)10
16,28313,7697,7495,2844,5433,3862,9472,6481,449
CMBU share of consolidated revenue (%)(%)
33.0%32.0%39.0%40.0%36.0%37.0%30.0%
CMBU gross margin (%)(%)
83.0%83.0%74.0%66.0%59.0%58.0%55.0%51.0%49.0%
CMBU operating income (loss)($M)
12,42110,7935,1272,8842,1701,5731,3201,066
CMBU operating margin (%)(%)
76.0%78.0%66.0%55.0%48.0%46.0%45.0%40.0%33.0%
CMBU GAAP gross profit($M)
13,57811,4915,7473,4672,7011,9711,6301,355
CMBU cost of goods sold($M)
2,7052,2782,0021,8171,8421,4151,3171,293
CMBU research and development (R&D) expense($M)
882592536500464337262252
CMBU selling, general, and administrative (SG&A) expense($M)
275108838367614837
CMBU depreciation and amortization($M)
1,044780786725660548541511
CMBU goodwill($M)
654654654654654
Core Data Center Business Unit (CDBU) — Revenue($M)10
18,00211,5245,6872,3791,5771,5301,8302,2922,048
CDBU share of consolidated revenue (%)(%)
28.0%24.0%17.0%14.0%16.0%23.0%26.0%
CDBU gross margin (%)(%)
90.0%87.0%74.0%51.0%41.0%38.0%47.0%50.0%41.0%
CDBU operating income (loss)($M)
15,3219,5193,809890391307611871
CDBU operating margin (%)(%)
85.0%83.0%67.0%37.0%25.0%20.0%33.0%38.0%27.0%
CDBU GAAP gross profit($M)
16,1269,9874,2261,2226545748631,143
CDBU cost of goods sold($M)
1,8761,5371,4611,1579239569671,149
CDBU research and development (R&D) expense($M)
608391358291220223203218
CDBU selling, general, and administrative (SG&A) expense($M)
19779574141454854
CDBU depreciation and amortization($M)
703550552432337361410422
CDBU goodwill($M)
109109109109109
Mobile and Client Business Unit (MCBU) — Revenue($M)10
13,11411,5217,7114,2553,7603,2552,2362,6083,019
MCBU share of consolidated revenue (%)(%)
28.0%32.0%31.0%33.0%35.0%28.0%30.0%
MCBU gross margin (%)(%)
90.0%87.0%79.0%54.0%36.0%24.0%15.0%27.0%32.0%
MCBU operating income (loss)($M)
11,4829,8735,8362,0171,10448216379
MCBU operating margin (%)(%)
88.0%86.0%76.0%47.0%29.0%15.0%1.0%15.0%20.0%
MCBU GAAP gross profit($M)
11,79110,0586,0542,2851,370788342709
MCBU cost of goods sold($M)
1,3231,4631,6571,9702,3902,4671,8941,899
MCBU research and development (R&D) expense($M)
141107126176165201236234
MCBU selling, general, and administrative (SG&A) expense($M)
1678190921001058996
MCBU depreciation and amortization($M)
485678618709816877776708
MCBU goodwill($M)
284284284284284
Automotive and Embedded Business Unit (AEBU) — Revenue($M)10
6,8244,6342,7081,7201,4341,1271,0341,1581,230
AEBU share of consolidated revenue (%)(%)
11.0%11.0%13.0%13.0%12.0%13.0%13.0%
AEBU gross margin (%)(%)
84.0%79.0%68.0%45.0%31.0%26.0%21.0%20.0%24.0%
AEBU operating income (loss)($M)
5,4153,4931,6826272921266178
AEBU operating margin (%)(%)
79.0%75.0%62.0%36.0%20.0%11.0%6.0%7.0%11.0%
AEBU GAAP gross profit($M)
5,7093,6591,849778447290214236
AEBU cost of goods sold($M)
1,115975859942987837820922
AEBU research and development (R&D) expense($M)
1419610997105114108108
AEBU selling, general, and administrative (SG&A) expense($M)
15370585451494550
AEBU depreciation and amortization($M)
407353327344335306350384
AEBU goodwill($M)
103103103103103
All Other Segments — Revenue($M)3
685513633325
Legacy Compute and Networking Business Unit (CNBU) — Revenue($M)3
5,0694,5644,3953,0182,5732,185
Legacy Mobile Business Unit (MBU) — Revenue($M)3
1,5511,0681,5271,8751,5881,598
Legacy Embedded Business Unit (EBU) — Revenue($M)3
1,2271,0251,0521,1721,2941,111
Legacy Storage Business Unit (SBU) — Revenue($M)3
1,4511,3921,7311,6811,353905
Historical End-Market Revenue Share — Data Center & Cloud Server (%)(%)3
55.0%
Gross Property, Plant & Equipment (before accumulated depreciation)($M)7
134,176124,991118,295113,490109,696106,198102,26099,52696,04792,54190,548
Machinery and equipment (wafer fabrication, lithography, HBM stacking & test tools)($M)1
93,95488,11385,32182,83979,93477,37075,02472,97370,81368,42667,273
Equipment not yet placed into service (delivered fab tools awaiting qualification)($M)
6,1204,2003,9303,8804,0503,4002,8803,0903,1001,7702,270
Cleanroom buildings and facility improvements($M)
26,49323,74123,30522,86022,17321,83520,93920,39320,14119,13418,963
Construction in progress (CIP — Boise ID1, Clay NY, Hiroshima, Singapore HBM, Sanand India)($M)
11,42410,9357,4855,6935,5184,9374,4274,3223,4443,3512,636
Internal-use software and development costs($M)
1,8851,7821,7641,6781,6511,6361,5181,4861,3651,3461,393
Land($M)
420420420420420420352352284284283
Less: Accumulated depreciation and amortization of PP&E($M)
70,86668,56566,88765,01363,10661,42559,73258,05056,29854,61552,961
Net Property, Plant & Equipment (carrying value on balance sheet)($M)
63,31056,42651,40848,47746,59044,77342,52841,47639,74937,92637,587
Gross capital expenditures (cash outflows for PP&E)($M)2
11,1107,8266,3875,3895,6582,9384,0553,2063,1202,0861,384
Investments in capital expenditures, net of government incentives (Non-GAAP Net CapEx)($M)
10,7747,0845,0044,5054,9272,6603,0853,1323,0822,0571,248
Capital expenditures incurred but not yet paid (PP&E accounts payable at period-end)($M)
8,6186,9144,8404,2954,3914,3702,5152,9242,9251,6631,528
Total inventories, net($M)4
10,3728,5678,2678,2058,3558,7279,0078,7058,8758,5128,443
Work in process (WIP — wafers in cleanroom fabrication & HBM stacking)($M)
8,2526,9606,5146,1926,4016,6956,7826,6896,7746,5426,622
Raw materials and supplies (silicon wafers, substrates, gases & chemicals)($M)
1,162986941871860809870805793690689
Finished goods (tested DRAM/HBM modules & NAND/SSD drives)($M)
9586218121,1421,0941,2231,3551,2111,3081,2801,132
Lower-of-cost-or-NRV inventory write-down charges (memory cycle indicator)($M)
00
Total current receivables, net($M)3
36,19731,02517,31410,1849,2657,4366,5047,4236,6155,1314,296
Trade accounts receivable, net($M)
31,79326,89415,3898,0097,1635,4925,0926,2505,4194,4163,648
Income and other taxes receivable($M)
635517470441436414331292268208188
Other receivables, current($M)
4502069670942101307294167460
Top-1 customer share of consolidated revenue (when >= 10%)(%)
17.0%13.0%
Alphabet (GOOGL) — Quarterly cash CapEx (aligned to MU fiscal calendar)($M)
00000000000
Microsoft (MSFT) — Quarterly cash CapEx (aligned to MU fiscal calendar)($M)
00000000000
Amazon (AMZN) — Quarterly cash CapEx (aligned to MU fiscal calendar)($M)
0.100000000000
Meta Platforms (META) — Quarterly cash CapEx (aligned to MU fiscal calendar)($M)
000000000000
Consolidated revenue (GAAP & Non-GAAP)($M)4
54,22941,45623,86013,64311,3159,3018,0538,7097,7506,8115,824
Cost of goods sold (GAAP)($M)
7,1826,4006,1055,9976,2615,7935,0905,3615,0134,9794,745
Gross margin (GAAP)($M)
47,04735,05617,7557,6465,0543,5082,9633,3482,7371,8321,079
Non-GAAP gross margin ($M)($M)
47,20435,19917,8767,7535,1693,6233,0533,4412,8261,9171,163
Non-GAAP gross margin (% of revenue)(%)
87.0%84.9%74.9%56.8%45.7%39.0%37.9%39.5%36.5%28.1%20.0%
Operating income (loss) — GAAP($M)6
43,75133,31816,1356,1363,6542,1691,7732,1741,522719191
Research and development (R&D) — GAAP($M)
1,9131,3161,2501,1711,047965898888903850832
Selling, general, and administrative (SG&A) — GAAP($M)
859407344337314318285288295291280
Non-GAAP operating expenses ($M)($M)
2,5681,5181,4211,3341,2141,1331,0461,0471,081976959
Non-GAAP operating income (loss) ($M)($M)
44,63633,68116,4556,4193,9552,4902,0072,3941,745941204
Non-GAAP operating margin (% of revenue)(%)
82.3%81.2%69.0%47.0%35.0%26.8%24.9%27.5%22.5%13.8%3.5%
Restructuring and asset impairment charges($M)
100
Net income (loss) attributable to Micron — GAAP($M)8
37,70128,24313,7855,2403,2011,8851,5831,870887332793
Non-GAAP net income (loss) ($M)($M)
38,39828,85714,0215,4823,4692,1811,7832,0371,342702476
Income (loss) before taxes — GAAP($M)
44,23833,21216,1606,0613,6312,1131,7582,1521,510715170
Income tax provision (benefit) — GAAP($M)
6,5834,9782,371829429235177283623377-622
Interest expense — GAAP($M)
003274124123112118136150144
Diluted earnings (loss) per share — GAAP($)
24.6712.074.601.681.411.670.300.71
Non-GAAP diluted earnings (loss) per share($)
33.4225.1112.204.783.031.911.561.791.180.620.42
Diluted weighted-average shares — GAAP(M)
1,1451,1421,1381,1251,1231,1221,1231,114
Non-GAAP diluted weighted-average shares(M)
1,1491,1491,1491,1481,1451,1441,1431,1381,1371,1361,134
Operating cash flow (net cash provided by operating activities)($M)3
43,97325,38811,9038,4115,7304,6093,9423,2443,4052,4821,219
Adjusted free cash flow (OCF − Net CapEx, Non-GAAP)($M)
33,19918,3046,8993,9068031,949857112323425-29
Total depreciation and amortization($M)1
2,6412,3642,2862,2122,1492,0942,0792,0301,9861,9551,924
Amortization of intangible assets($M)
18181718212021
Stock-based compensation expense($M)1
379341297290250263233220213217209
Unrecognized stock-based compensation cost (future expense backlog)($M)
1,9802,1302,3102,5701,5901,7301,9602,1401,4401,5101,690
Cash, cash equivalents, and short-term investments6
Cash and cash equivalents($M)
38,36424,99513,9089,7319,64210,1697,5636,6977,0527,6648,101
Short-term marketable investments($M)
5,0701,0276815876656486638951,065785990
Total debt and finance lease obligations2
Long-term debt($M)
4,6885,1409,55711,18714,01715,00313,85113,25212,96612,86013,378
Current debt($M)
491582585569560538504533431398344
Total shareholders' equity($M)
138,378100,72472,45958,80654,16550,74848,63346,79745,13144,22543,870
Cash dividends paid to shareholders($M)
173171132134130131130131129128127
Common stock repurchases ($M)($M)2
-0-0350300-0-0-0-0300-0-0
Common shares repurchased (volume)(M)
001.201.3000003.2000
Cumulative share repurchase authorization($M)
10,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,000

4 metrics have no data in the last 12 quarters — .

Italic numbers are calculated by StockData from reported figures (hover for the formula). Numbers with a dotted underline are read from the text of earnings releases and presentations; hover to see the exact sentence. Tick a row to add it to the chart above (up to 8 lines).

Methodology and excluded metrics
  • Fiscal calendar: Micron's fiscal year is a 52- or 53-week period ending on the Thursday closest to August 31 (Q1 ≈ Sep–Nov, Q2 ≈ Dec–Feb, Q3 ≈ Mar–May, Q4 ≈ Jun–Aug; FY2026 was a 53-week year ended September 3, 2026, with a 14-week Q4). Latest reported period: Q4 FY26 & Full-Year FY2026.
  • Forward column (Q1 FY27): Column Q1 FY27 holds Micron's Q1 FY27 Business Outlook ($61.5B ± $1.5B revenue, 86.25% Non-GAAP gross margin, $2.06B Non-GAAP OpEx, $38.15 ± $1.00 Non-GAAP diluted EPS, ~$11.5B net CapEx) plus calendar Q3 2026 cash CapEx already reported by Alphabet, Microsoft, Amazon, and Meta.
  • Strategic Customer Agreements & RPO ($134B): In FY26, Micron signed multi-year Strategic Customer Agreements (LTAs) with hyperscale and enterprise customers, driving Remaining Performance Obligations (RPO) from $5.0B at Q3 FY26 to $134.0B at Q4 FY26 (~25% expected within 12 months), supported by $12,747M in cash customer capacity deposits ($13.0B total contract liabilities) and $7.0B in customer letters of credit.
  • Monthly Taiwan Memory & OSAT Supply Chain Tracker (MOPS): Monthly columns (Jan 2018 – Sep 2026, 105 consecutive months) track NT$M operating revenue and YoY % of pure-play Taiwan DRAM peer Nanya Technology (2408.TW), primary memory OSAT packaging partners Powertech Technology / PTI (6239.TW) and ChipMOS (8150.TW), NAND controller partner Phison (8299.TW), HBM4 logic die / CoWoS partner TSMC (2330.TW), Winbond (2344.TW), and Macronix (2337.TW).
  • Bound & directional range disclosures excluded from numeric cells per Step 4 rules and recorded here: Qualitative range bands for quarterly DRAM and NAND bit shipments and ASPs (e.g., Q3 FY26 DRAM ASP 'increased in the mid-30s percent range' and bit shipments 'increased in the mid-single digits percent range'; Q3 FY26 NAND ASP 'increased in the mid-70s percent range' and bit shipments 'increased in the mid-teens percent range'; Q2 FY26 DRAM ASP 'increased in the mid-40s percent range' and NAND ASP 'increased in the upper-60s percent range'), cumulative patents granted ('more than 62,000'), Clay NY planned investment ('up to $100B across 4 fabs over 20+ years'), and Q4 FY26 server LPDDR SOCAMM revenue ('more than doubled sequentially').
  • Subsidiary & parent-only evaluation: Micron reports under U.S. GAAP with no parent-only financial statements (Schedule I is not required), so consolidated − parent subtraction does not apply.
  • Strict Step 4 compliance: Every cell displays a figure directly published by Micron or an authoritative external source, plus the two permitted period splits (Q4 = FY − 9M and quarterly cash flow = YTD − prior YTD, shown in italics with formula).

Data updated 2026-10-25.

Every KPI on its own page

Full history, chart, sources and a citation for each metric

1. Forward Guidance (Q1 FY27 Outlook), Strategic Customer Agreements (RPO $134B & Prepayments), CHIPS Act Grants & Purchase Obligations

2. Memory Technology Performance — DRAM (incl. HBM) & NAND Revenue, Bit Shipments & ASP Dynamics

3. Operating Segments — AI-Reorganized Business Units (CMBU, CDBU, MCBU, AEBU) & Historical Segments

4. Global Fab Footprint (PP&E by Category & Country), CapEx & Working Capital / Inventory by Stage

5. Geographic Revenue by Customer Headquarters & Major Customer Concentration

6. Monthly Taiwan Memory/OSAT Supply Chain Tracker (MOPS) & Hyperscaler AI Customer CapEx

7. Workforce, Patent Portfolio, Supply Chain Responsible Minerals (Form SD) & Environmental Sustainability (ESG)

8. Consolidated GAAP vs. Non-GAAP Profitability, Cash Flow, Balance Sheet & Capital Return