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MICRON TECHNOLOGY INC (MU) financial health, profit and balance sheet · Scorvest

MU · Nasdaq · United States · Semiconductors & Related Devices

MICRON TECHNOLOGY INC

Boise, ID · Fiscal year ends in September · Figures in USD

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In shortMICRON TECHNOLOGY INC is profitable, generates cash and holds more cash than debt, with revenue growing (+256.3% last year).

Financial health

Strong

Built from five areas over the last five annual reports. Tap an area to see the figures behind it.

How is this score calculated? →

Profitability100

Operating marginShare of each sale left after running the business, before interest and tax.	74.6%	100/100
Net marginShare of each sale left as profit after every cost, interest and tax.	63.8%	100/100
Return on equityProfit earned on the money shareholders put in. Above 15% is strong.	88.3%	100/100
Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge.	59.0%	100/100

Weight in the score: 25%

Balance sheet100

Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash.	3.31×	100/100
Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted.	0.04×	100/100
Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable.	Net cash	100/100
Interest coverageHow many times operating profit covers interest. Below 2 is risky.	937.17×	100/100
Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress.	10.26	100/100

Weight in the score: 25%

Cash generation75

Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt.	44.3%	100/100
Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy.	0.69×	49/100
Years with positive free cash flow (last 5)	4 of 5	75/100

Weight in the score: 20%

Stability37
Profitable years (last 5) 4 of 5 80/100
Years of revenue decline (last 5) 1 of 5 67/100
Revenue growth volatility 115.0% 0/100
Operating margin volatility 40.7% 0/100
Weight in the score: 20%
Growth100
Revenue growth, 3-year average 104.6% 100/100
EPS growth, 3-year average – n/a
Weight in the score: 10%

Profitable years (last 5)	4 of 5	80/100
Years of revenue decline (last 5)	1 of 5	67/100
Revenue growth volatility	115.0%	0/100
Operating margin volatility	40.7%	0/100

Revenue growth, 3-year average	104.6%	100/100
EPS growth, 3-year average	–	n/a

Fiscal year 2026 · change vs prior year

Revenue: $133.2B; ▲ 256.3%
Net income: $85.0B; ▲ 895.1%
Free cash flow: $59.0B; ▲ 3,435.0%
Operating margin: 74.6%; +48.4 pts
Cash & investments: $43.4B; –
Total debt: $5.2B; ▼ 64.5%
Diluted EPS: $74.33; ▲ 879.3%
Return on equity: 88.3%; –

Trends

Annual figures as reported. Hover a bar or point for the exact value.

5 older years available with the 10-year history. Essential plan, from €8.25/month →

Revenue and net income

RevenueNet income

Margins

Statements

The last 5 fiscal years from the company's annual reports.

USD millions; negative values in parentheses.

Fiscal year	FY22	FY23	FY24	FY25	FY26
Revenue	30,758	15,540	25,111	37,378	133,188
Cost of revenue	16,860	16,956	19,498	22,505	25,684
Gross profit	13,898	(1,416)	5,613	14,873	107,504
Research & development	3,116	3,114	3,430	3,798	5,650
Selling, general & admin	1,066	920	1,129	1,205	1,947
Operating income	9,702	(5,745)	1,304	9,770	99,340
Interest expense	189	388	562	477	106
Pre-tax income	9,571	(5,658)	1,240	9,654	99,671
Income tax	888	177	451	1,124	14,761
Net income	8,687	(5,833)	778	8,539	84,969
Diluted EPS	$7.75	−$5.34	$0.70	$7.59	$74.33
Diluted shares (millions)	1,122	1,093	1,118	1,125	1,143

5 older years available with the 10-year history. Essential plan, from €8.25/month →

Quarterly results

The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.

The last 8 quarters of MICRON TECHNOLOGY INC are included in the Investor plan. Try free for 7 days →

Risk checks

Altman Z'' score

10.26 Safe zone

Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.

Piotroski F-score

8/9

Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.

Positive net income: passed
Positive operating cash flow: passed
Return on assets improved: passed
Cash flow exceeds net income: passed
Long-term debt ratio fell: passed
Current ratio improved: passed
No share dilution: failed
Gross margin improved: passed
Asset turnover improved: passed

Sources

10-KPeriod ending Sep 3, 2026Filed Oct 9, 2026Open the report ↗
10-QPeriod ending May 28, 2026Filed Jun 25, 2026Open the report ↗
10-QPeriod ending Feb 26, 2026Filed Mar 19, 2026Open the report ↗
10-QPeriod ending Nov 27, 2025Filed Dec 18, 2025Open the report ↗
10-KPeriod ending Aug 28, 2025Filed Oct 3, 2025Open the report ↗
10-QPeriod ending May 29, 2025Filed Jun 26, 2025Open the report ↗
10-QPeriod ending Feb 27, 2025Filed Mar 21, 2025Open the report ↗
10-QPeriod ending Nov 28, 2024Filed Dec 19, 2024Open the report ↗