Micron Technology, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $133.19B | $35.60B | $25.11B | $15.54B | $30.78B | $27.71B | $21.43B | $23.39B |
| CNBU (Compute & Networking) | — | $17.85B | $11.23B | $6.01B | $13.78B | $12.27B | $9.27B | $10.02B |
| MBU (Mobile) | — | $7.20B | $5.60B | $3.28B | $7.37B | $7.21B | $5.71B | $6.41B |
| SBU (Storage) | — | $5.10B | $3.95B | $2.52B | $4.39B | $3.98B | $3.77B | $3.82B |
| EBU (Embedded) | — | $5.45B | $4.33B | $3.73B | $5.24B | $4.25B | $2.68B | $3.14B |
| Other / Legacy | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cost of Revenue | $25.68B | $22.51B | $19.50B | $16.96B | $16.86B | $17.28B | $14.88B | $12.70B |
| Gross Profit | $107.50B | $14.87B | $5.61B | $-1.42B | $13.90B | $10.42B | $6.55B | $10.70B |
| Gross Margin | 80.7% | 41.8% | 22.4% | -9.1% | 45.2% | 37.6% | 30.6% | 45.8% |
| Operating Expenses | ||||||||
| Research & Development | $5.65B | $3.80B | $3.43B | $3.11B | $3.12B | $2.66B | $2.60B | $2.44B |
| SG&A Expense | $1.95B | $1.21B | $1.13B | $920.0M | $1.07B | $894.0M | $881.0M | $836.0M |
| Operating Income | $99.34B | $9.77B | $1.30B | $-5.75B | $9.70B | $6.28B | $3.00B | $7.38B |
| Operating Margin | 74.6% | 27.4% | 5.2% | -37.0% | 31.5% | 22.7% | 14.0% | 31.5% |
| Interest Expense | — | — | — | $388.0M | $189.0M | $183.0M | $194.0M | $128.0M |
| Pretax Income | $99.67B | $9.65B | $1.24B | $-5.66B | $9.57B | $6.22B | $2.98B | $7.05B |
| Income Tax Expense | $14.76B | $1.12B | $451.0M | $177.0M | $888.0M | $394.0M | $280.0M | $693.0M |
| Net Income | $84.97B | $8.54B | $778.0M | $-5.83B | $8.69B | $5.86B | $2.69B | $6.31B |
| Net Margin | 63.8% | 24.0% | 3.1% | -37.5% | 28.2% | 21.2% | 12.5% | 27.0% |
| EPS (Basic) | $75.38 | $7.65 | $0.70 | $-5.34 | $7.81 | $5.23 | $2.42 | $5.67 |
| EPS (Diluted) | $74.33 | $7.59 | $0.70 | $-5.34 | $7.75 | $5.14 | $2.37 | $5.51 |
| Shares Outstanding (Basic) | 1.13B | 1.12B | 1.11B | 1.09B | 1.11B | 1.12B | 1.11B | 1.11B |
| Shares Outstanding (Diluted) | 1.14B | 1.13B | 1.12B | 1.09B | 1.12B | 1.14B | 1.13B | 1.14B |
| Dividends Per Share | $0.53 | $0.46 | $0.46 | $0.46 | $0.32 | $0.10 | — | — |