Micron Technology Quarterly Income Statement
NASDAQ: MUTechnologySemiconductorsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Micron Technology revenue and earnings
In the quarter ended Sep 3, 2026, Micron Technology generated $54.23 billion in revenue, up 379.3% from the same quarter a year earlier. Net income was $37.70 billion (+1077.8% year over year), for a net margin of 69.5% versus a median of 38.4% in the prior 5 quarters. Gross margin was 86.8% (up from 44.7%) and operating margin 80.7%.
Diluted earnings per share came in at $32.99, up from $2.83.
Summary generated from market data by MetaCap's automated system. Methodology
Micron Technology income statement (quarterly)
| Quarter (USD) | Q4 20262026-09-03 | Q3 20262026-05-28 | Q2 20262026-02-26 | Q1 20262025-11-27 | Q4 20252025-08-28 | Q3 20252025-05-29 | Q2 20252025-02-27 | Q1 20252024-11-28 | Q4 20242024-08-29 | Q3 20242024-05-30 | Q2 20242024-02-29 | Q1 20242023-11-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 54.23B | 41.46B | 23.86B | 13.64B | 11.31B | 9.30B | 8.05B | 8.71B | 7.75B | 6.81B | 5.82B | 4.73B |
| Revenue growth (YoY) | +379.27% | +345.72% | +196.29% | +56.65% | +46.00% | +36.56% | +38.27% | +84.28% | +93.27% | +81.53% | +57.70% | +15.69% |
| Cost of Revenue | 7.18B | 6.40B | 6.11B | 6.00B | 6.26B | 5.79B | 5.09B | 5.36B | 5.01B | 4.98B | 4.75B | 4.76B |
| Gross Profit | 47.05B | 35.06B | 17.75B | 7.65B | 5.05B | 3.51B | 2.96B | 3.35B | 2.74B | 1.83B | 1.08B | -35.00M |
| Operating Expenses | 3.30B | 1.74B | 1.62B | 1.51B | 1.40B | 1.34B | 1.19B | 1.17B | 1.22B | 1.11B | 888.00M | 1.09B |
| Research & Development | 1.91B | 1.32B | 1.25B | 1.17B | 1.05B | 965.00M | 898.00M | 888.00M | 903.00M | 850.00M | 832.00M | 845.00M |
| Selling, General & Admin | 859.00M | 407.00M | 344.00M | 337.00M | 314.00M | 318.00M | 285.00M | 288.00M | 295.00M | 291.00M | 280.00M | 263.00M |
| Operating Income | 43.75B | 33.32B | 16.14B | 6.14B | 3.65B | 2.17B | 1.77B | 2.17B | 1.52B | 719.00M | 191.00M | -1.13B |
| Interest Expense | 0 | 0 | 32.00M | 74.00M | 124.00M | 123.00M | 112.00M | 118.00M | 136.00M | 150.00M | 144.00M | 132.00M |
| Other Income (Expense) | -88.00M | -321.00M | -98.00M | -140.00M | -45.00M | -68.00M | -11.00M | -11.00M | -7.00M | 10.00M | -7.00M | -27.00M |
| Pretax Income | 44.24B | 33.21B | 16.16B | 6.06B | 3.63B | 2.11B | 1.76B | 2.15B | 1.51B | 715.00M | 170.00M | -1.16B |
| Income Tax | 6.58B | 4.98B | 2.37B | 829.00M | 429.00M | 235.00M | 177.00M | 283.00M | 623.00M | 377.00M | -622.00M | 73.00M |
| Net Income | 37.70B | 28.24B | 13.79B | 5.24B | 3.20B | 1.89B | 1.58B | 1.87B | 887.00M | 332.00M | 793.00M | -1.23B |
| Net Income growth (YoY) | +1077.79% | +1398.30% | +770.81% | +180.21% | +260.88% | +467.77% | +99.62% | — | — | — | — | — |
| EPS (Basic) | 33.44 | 25.03 | 12.25 | 4.66 | 2.86 | 1.69 | 1.42 | 1.68 | 0.80 | 0.30 | 0.72 | -1.12 |
| EPS (Diluted) | 32.99 | 24.67 | 12.07 | 4.60 | 2.83 | 1.68 | 1.41 | 1.67 | 0.81 | 0.30 | 0.71 | -1.12 |
| Shares Outstanding (Basic) | — | 1.13B | 1.13B | 1.13B | — | 1.12B | 1.11B | 1.11B | — | 1.11B | 1.10B | 1.10B |
| Shares Outstanding (Diluted) | — | 1.15B | 1.14B | 1.14B | — | 1.13B | 1.12B | 1.12B | — | 1.12B | 1.11B | 1.10B |
| EBITDA | 46.39B | 35.68B | 18.42B | 8.35B | 5.80B | 4.26B | 3.85B | 4.20B | 3.51B | 2.67B | 2.12B | 787.00M |
| Gross Margin | 86.76% | 84.56% | 74.41% | 56.04% | 44.67% | 37.72% | 36.79% | 38.44% | 35.32% | 26.90% | 18.53% | -74.00% |
| Operating Margin | 80.68% | 80.37% | 67.62% | 44.98% | 32.29% | 23.32% | 22.02% | 24.96% | 19.64% | 10.56% | 3.28% | -23.87% |
| Net Margin | 69.52% | 68.13% | 57.77% | 38.41% | 28.29% | 20.27% | 19.66% | 21.47% | 11.45% | 4.87% | 13.62% | -26.11% |
This table shows 12 quarterly periods of Micron Technology's income statement, from Q4 2026 back to Q1 2024, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow MU's reporting calendar. What is a income statement?