Micron Technology, Inc. (MU) Financial Statements

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Micron Technology financial statements at a glance

Micron Technology reported revenue of $37.38 billion for fiscal year 2025 (ended August 31, 2025), up 48.9% from fiscal year 2024. Net income was $8.54 billion, a net margin of 22.8%, and diluted earnings per share were $7.59.

At the end of fiscal year 2025 it had total assets of $82.80 billion, total liabilities of $28.63 billion and shareholders' equity of $54.17 billion, with cash and short-term investments of $10.31 billion and total debt of $15.28 billion.

Its operations brought in $17.53 billion of cash; capital spending was $15.86 billion, leaving free cash flow of $1.67 billion.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended August 31, 2025.

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Micron Technology, Inc.

MUUnited States
Technology
USD (Local)

Income Statement

Annual • USD

Total Revenue
37.38B
Prev Year: 25.11B
YoY: +48.9%
Operating Revenue
37.38B
Prev Year: 25.11B
YoY: +48.9%
Net Income from Continuing Operation Net Minority Interest
8.54B
Prev Year: 778.00M
YoY: +997.6%
Total Unusual Items Excluding Goodwill
-170.00M
Prev Year: 58.00M
YoY: -393.1%
Total Unusual Items
-170.00M
Prev Year: 58.00M
YoY: -393.1%
Normalized EBITDA
18.65B
Prev Year: 9.52B
YoY: +95.9%
Tax Rate for Calcs
0.116
Prev Year: 0.36
YoY: -67.8%
Tax Effect of Unusual Items
-19.72M
Prev Year: 21.11M
YoY: -193.4%
Equity in Earnings of Affiliates, Net of Tax
9.00M
Prev Year: -11.00M
YoY: +181.8%
Other Special Charges
59.00M
Write-offs
9.00M
Prev Year: 0
Gain on Sale of Securities
-72.00M
Other Operating Expenses
61.00M
Prev Year: -192.00M
YoY: +131.8%
Cost of Revenue
22.50B
Prev Year: 19.50B
YoY: +15.4%
Gross Profit
14.87B
Prev Year: 5.61B
YoY: +165.1%
Operating Expense
5.06B
Prev Year: 4.37B
YoY: +15.9%
Selling General and Administrative
1.21B
Prev Year: 1.13B
YoY: +6.6%
Research and Development
3.80B
Prev Year: 3.43B
YoY: +10.7%
Operating Income
9.81B
Prev Year: 1.25B
YoY: +684.7%
Net Non Operating Interest Income Expense
19.00M
Prev Year: -33.00M
YoY: +157.6%
Non-operating Interest Income
496.00M
Prev Year: 529.00M
YoY: -6.2%
Non-operating Interest Expense
477.00M
Prev Year: 562.00M
YoY: -15.1%
Other Income Expense
-174.00M
Prev Year: 27.00M
YoY: -744.4%
Special Income Charges
-98.00M
Prev Year: 58.00M
YoY: -269.0%
Restructuring and Mergers Acquisition
30.00M
Prev Year: 1.00M
YoY: +2900.0%
Other Non-operating Income (expense)
-4.00M
Prev Year: -31.00M
YoY: +87.1%
Equity in Earnings of Affiliates
-
Pre-tax Income
9.65B
Prev Year: 1.24B
YoY: +678.5%
Provision for Income Taxes
1.12B
Prev Year: 451.00M
YoY: +149.2%
Net Income Common Stockholders
8.54B
Prev Year: 778.00M
YoY: +997.6%
Net Income
8.54B
Prev Year: 778.00M
YoY: +997.6%
Net Income Including Non-Controlling Interests
8.54B
Prev Year: 778.00M
YoY: +997.6%
Net Income from Continuing Operations
8.54B
Prev Year: 778.00M
YoY: +997.6%
Diluted NI Available to Com Stockholders
8.54B
Prev Year: 778.00M
YoY: +997.6%
Basic EPS
7.65
Prev Year: 0.7
YoY: +992.9%
Average Dilution Earnings
-
Diluted EPS
7.59
Prev Year: 0.7
YoY: +984.3%
Weighted Average Shares (basic)
1.12B
Prev Year: 1.10B
YoY: +1.5%
Weighted Average Shares (diluted)
1.13B
Prev Year: 1.12B
YoY: +0.4%
Total Operating Income as Reported
9.77B
Prev Year: 1.30B
YoY: +651.5%
Total Expenses
27.57B
Prev Year: 23.86B
YoY: +15.5%
Net Income from Continuing and Discontinued Operation
8.54B
Prev Year: 778.00M
YoY: +997.6%
Normalized Income
8.69B
Prev Year: 741.11M
YoY: +1072.5%
Interest Income
496.00M
Prev Year: 529.00M
YoY: -6.2%
Interest Expense
477.00M
Prev Year: 562.00M
YoY: -15.1%
Net Interest Income
19.00M
Prev Year: -33.00M
YoY: +157.6%
EBIT
10.13B
Prev Year: 1.80B
YoY: +462.8%
EBITDA
18.48B
Prev Year: 9.58B
YoY: +92.9%
Reconciled Cost of Revenue
22.50B
Prev Year: 19.50B
YoY: +15.4%
Reconciled Depreciation
8.35B
Prev Year: 7.78B
YoY: +7.4%
Values in USD

Micron Technology key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$37.4B$25.1B$15.5B$30.8B$27.7B
Gross profit$14.9B$5.6B-$1.4B$13.9B$10.4B
Operating income$9.8B$1.3B-$5.5B$9.7B$6.8B
Net income$8.5B$778.0M-$5.8B$8.7B$5.9B
Diluted EPS$7.59$0.70-$5.34$7.75$5.14
Total assets$82.8B$69.4B$64.3B$66.3B$58.9B
Total liabilities$28.6B$24.3B$20.1B$16.4B$14.9B
Shareholders' equity$54.2B$45.1B$44.1B$49.9B$43.9B
Cash and short-term investments$10.3B$8.1B$9.6B$9.3B$8.6B
Total debt$15.3B$14.0B$13.9B$7.5B$7.3B
Operating cash flow$17.5B$8.5B$1.6B$15.2B$12.5B
Capital spending$15.9B$8.4B$7.7B$12.1B$10.0B
Free cash flow$1.7B$121.0M-$6.1B$3.1B$2.4B

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Micron Technology's revenue in fiscal year 2025?

$37.38 billion, up 48.9% from $25.11 billion in fiscal year 2024.

How much profit does Micron Technology make?

Micron Technology reported net income of $8.54 billion for fiscal year 2025 (22.8% of revenue); operating income was $9.81 billion.

How much cash and debt does Micron Technology have?

At the end of fiscal year 2025: cash and short-term investments of $10.31 billion and total debt of $15.28 billion.

What is Micron Technology's free cash flow?

$1.67 billion in fiscal year 2025 (operating cash flow of $17.53 billion minus capital spending of $15.86 billion).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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