Micron Technology, Inc. (MU) Stock Analysis
Technology · Semiconductors · NasdaqGS
Micron Technology, Inc. (MU) posted $37.38B in revenue for fiscal 2025 (up 48.9% year over year), at a 22.8% net margin, and has compounded revenue about 11.8%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Micron Technology, Inc.
Micron Technology, Inc. has grown revenue from $12.40B to $37.38B over the last 10 fiscal years, compounding about 11.8% a year. The most recent year was up 48.9%, so growth is actually accelerating.
Net margin sits at 22.8%, up 19.7 points year over year on a 39.8% gross margin. It carries about $12.09B of total debt.
The one thing worth a second look in the filings is net margin shrinking.
Synthesised from Micron Technology, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Micron Technology, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.40B | $20.32B | $30.39B | $23.41B | $21.43B | $27.70B | $30.76B | $15.54B | $25.11B | $37.38B |
| Gross profit | $2.50B | $8.44B | $17.89B | $10.70B | $6.55B | $10.42B | $13.90B | $-1.42B | $5.61B | $14.87B |
| Net income | $-276.00M | $5.09B | $14.13B | $6.31B | $2.69B | $5.86B | $8.69B | $-5.83B | $778.00M | $8.54B |
| Net margin | -2.2% | 25.0% | 46.5% | 27.0% | 12.5% | 21.2% | 28.2% | -37.5% | 3.1% | 22.8% |
Source: Micron Technology, Inc. SEC filings (10-K). 17 years of history available in the interactive view.
Micron Technology, Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Net margin shrinkingNet margin fell from 28.2% to 22.8% over ~3 years — profitability is compressing.
Explore 17 years of Micron Technology, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeMicron Technology, Inc. financial history by metric
Compare Micron Technology, Inc. with peers
About Micron Technology, Inc.
Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Japan, Mainland China, Hong Kong, Europe, and internationally. It operates through the Cloud Memory Business Unit; Core Data Center Business Unit; Mobile and Client Business Unit; and Automotive and Embedded Business Unit segments. The company provides memory products, including dynamic random access memory components and modules, CXL-based memory, LPDDR components and modules, graphics memory, high-bandwidth memory, and data center memory products; multichip packages (MCP) comprising embedded multimedia card-based, universal flash storage-based, and NAND-based MCPs; and technology leadership products that include 1y DRAM and G9 NAND technologies. It also offers storage products, such as data center solid-state drives (SSD), client SSD storage, and auto and industrial SSD storage; managed NAND; NAND flash; NOR flash; and memory cards. In addition, the company provides design tools, including FBGA and part decoders; DRAM power calculators; NAND power calculators; simulation models; chipset compatibility guides; serial presence-detection tools; cross-reference tools; UFSparm; SSD firmware; software and drivers; storage executive software; and obsolete part catalogs. It markets its semiconductor memory and storage products under the Micron and Crucial brands. The company serves the data center, PC, graphics, networking, automotive, industrial, and consumer embedded markets, as well as the smartphone and other mobile-device markets. It sells its products through its direct sales force, independent sales representatives, distributors, and retailers; web-based customer direct sales channel; and channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.
Micron Technology, Inc. — frequently asked questions
What is Micron Technology, Inc.'s revenue?
Micron Technology, Inc. (MU) reported revenue of $37.38B for fiscal year 2025, up 48.9% from the prior year, according to its SEC filings.
Is Micron Technology, Inc. profitable?
Yes. MU earned net income of $8.54B in fiscal 2025, a net margin of 22.8%.
What is MU's P/E ratio?
Micron Technology, Inc. trades at a price-to-earnings ratio of about 18.6 based on the latest data in our nightly-refreshed cache.
How fast is Micron Technology, Inc. growing?
MU's revenue grew at roughly 11.8% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Micron Technology, Inc. have?
As of fiscal year 2025, MU carried roughly $12.09B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Micron Technology, Inc.'s gross margin?
MU's gross margin was 39.8% in fiscal 2025 — gross profit of $14.87B on revenue of $37.38B.
What is Micron Technology, Inc.'s market cap?
Micron Technology, Inc. (MU) has a market capitalization of about $0, based on the latest data in our nightly-refreshed cache.
When does Micron Technology, Inc.'s fiscal year end?
MU's fiscal year ends in August. Its most recent annual filing covers the fiscal year ending 2025-08-28.
Where does this data come from?
All figures are computed from Micron Technology, Inc.'s official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.