Micron Technology Inc
NASDAQ: MU · TECHNOLOGY · SEMICONDUCTORS
Updated 2026-10-29
Micron Technology Inc (MU) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $14.82B | $13.43B | $11.46B | $14.69B | $14.75B | $14.33B | $19.12B | $22.50B | $24.14B | $27.54B | $35.34B | $43.38B | $48.89B | $53.68B | $58.85B | $66.28B | $64.25B | $69.42B | $82.80B | $195.89B |
| Cash & equivalents | $2.19B | $1.24B | $1.49B | $2.91B | $2.16B | $2.46B | $2.88B | $4.15B | $2.29B | $4.14B | $5.11B | $6.51B | $7.15B | $7.62B | $7.76B | $8.26B | $8.58B | $7.04B | $9.64B | $38.36B |
| Current assets | $5.23B | $3.78B | $3.34B | $6.33B | $5.83B | $5.76B | $8.91B | $10.24B | $8.60B | $9.49B | $12.46B | $16.04B | $16.50B | $17.96B | $19.91B | $21.78B | $21.24B | $24.37B | $28.84B | $91.07B |
| Total liabilities | $4.46B | $4.39B | $4.52B | $4.88B | $4.90B | $5.91B | $9.11B | $10.85B | $10.90B | $14.61B | $15.87B | $10.21B | $12.12B | $14.68B | $14.92B | $16.38B | $20.13B | $24.29B | $28.63B | $57.51B |
| Current liabilities | $2.03B | $1.60B | $1.89B | $2.70B | $2.48B | $2.24B | $4.13B | $4.81B | $3.90B | $4.83B | $5.33B | $5.75B | $6.39B | $6.63B | $6.42B | $7.54B | $4.76B | $9.25B | $11.45B | $27.48B |
| Long-term debt | $1.99B | $2.45B | $2.67B | $1.65B | $1.86B | $3.04B | $4.45B | $57.00M | $49.00M | $8.13B | $9.06B | $3.25B | $4.17B | $5.96B | $6.62B | $6.80B | $13.05B | $11.24B | $11.53B | $2.79B |
| Shareholder equity | $7.75B | $6.18B | $4.95B | $8.02B | $8.47B | $7.70B | $9.14B | $10.77B | $12.30B | $12.08B | $18.62B | $32.29B | $35.88B | $39.00B | $43.93B | $49.91B | $44.12B | $45.13B | $54.16B | $138.38B |
| Retained earnings | $1.16B | $-456.00M | $-2.38B | $-536.00M | $-370.00M | $-1.40B | $-212.00M | $2.73B | $5.59B | $5.30B | $10.26B | $24.39B | $30.76B | $33.38B | $39.05B | $47.27B | $40.82B | $40.88B | $48.58B | $131.85B |
| Accounts receivable | $994.00M | $1.03B | $798.00M | $1.53B | $1.50B | $1.29B | $2.33B | $2.91B | $2.51B | $2.07B | $3.76B | $5.48B | $3.19B | $3.91B | $5.31B | $5.13B | $2.44B | $6.62B | $9.27B | $36.20B |
| Inventory | $1.53B | $1.29B | $987.00M | $1.77B | $2.08B | $1.81B | $2.65B | $2.46B | $2.34B | $2.89B | $3.12B | $3.60B | $5.12B | $5.61B | $4.49B | $6.66B | $8.39B | $8.88B | $8.36B | $10.37B |
| Goodwill | $515.00M | $58.00M | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $23.00M | $104.00M | $1.23B | $1.23B | $1.23B | $1.23B | $1.23B | $1.23B | $1.15B | $1.15B | $1.15B | $1.15B |
Frequently asked questions
What is Micron Technology Inc's revenue?
Micron Technology Inc's trailing twelve-month revenue is $133.19B, and consensus projects about $411.80B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is MU?
In its most recent fiscal year, MU ran a gross margin of 80.72%, an operating margin of 74.59%, and a net margin of 63.80%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does MU generate?
MU produced $58.96B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is MU's balance sheet healthy?
MU holds $38.36B in cash and equivalents against $2.79B in long-term debt, on $138.38B of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.