Micron Technology (MU) Financials

$107.77 +2.89 (+2.76%)

Closing price 08/4/2025 04:00 PM Eastern

Extended Trading

$108.38 +0.62 (+0.57%)

As of 04:58 AM Eastern

Annual Income Statements for Micron Technology

This table shows Micron Technology's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	9/3/2015	9/1/2016	8/31/2017	8/30/2018	8/29/2019	9/3/2020	9/2/2021	9/1/2022	8/31/2023	8/29/2024
Net Income / (Loss) Attributable to Common Shareholders	2,899	-276	5,089	14,135	6,313	2,687	5,861	8,687	-5,833	778
Consolidated Net Income / (Loss)	2,899	-275	5,090	14,138	6,358	2,710	5,861	8,687	-5,833	778
Net Income / (Loss) Continuing Operations	2,899	-275	5,090	14,138	6,358	2,710	5,861	8,687	-5,833	778
Total Pre-Tax Income	2,609	-281	5,196	14,307	7,048	2,983	6,218	9,571	-5,658	1,240
Total Operating Income	2,998	168	5,868	14,994	7,376	3,003	6,283	9,702	-5,745	1,304
Total Gross Profit	5,215	2,505	8,436	17,891	10,702	6,552	10,423	13,898	-1,416	5,613
Total Revenue	16,192	12,399	20,322	30,391	23,406	21,435	27,705	30,758	15,540	25,111
Operating Revenue	16,192	12,399	20,322	30,391	23,406	21,435	27,705	30,758	15,540	25,111
Total Cost of Revenue	10,977	9,894	11,886	12,500	12,704	14,883	17,282	16,860	16,956	19,498
Operating Cost of Revenue	10,977	9,894	11,886	12,500	12,704	14,883	17,282	16,860	16,956	19,498
Total Operating Expenses	2,217	2,337	2,568	2,897	3,326	3,549	4,140	4,196	4,329	4,309
Selling, General & Admin Expense	719	659	743	813	836	881	894	1,066	920	1,129
Research & Development Expense	1,540	1,617	1,824	2,141	2,441	2,600	2,663	3,116	3,114	3,430
Other Operating Expenses / (Income)	-45	61	1.00	-57	78	8.00	95	-34	124	-251
Restructuring Charge	3.00	-	-	-	-29	60	488	48	171	1.00
Total Other Income / (Expense), net	-389	-449	-672	-687	-328	-20	-65	-131	87	-64
Interest Expense	371	437	601	342	128	194	183	189	388	562
Interest & Investment Income	35	42	41	120	205	114	37	96	468	529
Other Income / (Expense), net	-53	-54	-112	-465	-405	60	81	-38	7.00	-31
Income Tax Expense	157	19	114	168	693	280	394	888	177	451
Other Gains / (Losses), net	447	25	8.00	-1.00	3.00	7.00	37	4.00	2.00	-11
Basic Earnings per Share	$2.71	($0.27)	$4.67	$12.27	$5.67	$2.42	$5.23	$7.81	($5.34)	$0.70
Weighted Average Basic Shares Outstanding	1.07B	1.04B	1.09B	1.15B	1.11B	1.11B	1.12B	1.11B	1.09B	1.11B
Diluted Earnings per Share	$2.47	($0.27)	$4.41	$11.51	$5.51	$2.37	$5.14	$7.75	($5.34)	$0.70
Weighted Average Diluted Shares Outstanding	1.17B	1.04B	1.15B	1.23B	1.14B	1.13B	1.14B	1.12B	1.09B	1.12B
Weighted Average Basic & Diluted Shares Outstanding	1.07B	1.02B	1.09B	1.15B	1.11B	1.11B	1.12B	1.09B	1.10B	1.11B
Cash Dividends to Common per Share	-	-	-	-	-	-	$0.10	$0.32	$0.46	$0.46

This table shows Micron Technology's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	9/1/2022	12/1/2022	3/2/2023	6/1/2023	8/31/2023	11/30/2023	2/29/2024	5/30/2024	8/29/2024	11/28/2024	2/27/2025
Net Income / (Loss) Attributable to Common Shareholders	1,492	-195	-2,312	-1,896	-1,430	-1,234	793	332	887	1,870	1,583
Consolidated Net Income / (Loss)	1,492	-195	-2,312	-1,896	-1,430	-1,234	793	332	887	1,870	1,583
Net Income / (Loss) Continuing Operations	1,492	-195	-2,312	-1,896	-1,430	-1,234	793	332	887	1,870	1,583
Total Pre-Tax Income	1,553	-176	-2,271	-1,753	-1,458	-1,155	170	715	1,510	2,152	1,758
Total Operating Income	1,521	-209	-2,303	-1,761	-1,472	-1,128	191	719	1,522	2,174	1,773
Total Gross Profit	2,622	893	-1,206	-668	-435	-35	1,079	1,832	2,737	3,348	2,963
Total Revenue	6,643	4,085	3,693	3,752	4,010	4,726	5,824	6,811	7,750	8,709	8,053
Operating Revenue	6,643	4,085	3,693	3,752	4,010	4,726	5,824	6,811	7,750	8,709	8,053
Total Cost of Revenue	4,021	3,192	4,899	4,420	4,445	4,761	4,745	4,979	5,013	5,361	5,090
Operating Cost of Revenue	4,021	3,192	4,899	4,420	4,445	4,761	4,745	4,979	5,013	5,361	5,090
Total Operating Expenses	1,101	1,102	1,097	1,093	1,037	1,093	888	1,113	1,215	1,174	1,190
Selling, General & Admin Expense	280	251	231	219	219	263	280	291	295	288	285
Research & Development Expense	839	849	788	758	719	845	832	850	903	888	898
Other Operating Expenses / (Income)	-23	-11	-8.00	48	95	-15	-224	-28	16	-2.00	7.00
Total Other Income / (Expense), net	32	33	32	8.00	14	-27	-21	-4.00	-12	-22	-15
Interest Expense	45	51	89	119	129	132	144	150	136	118	112
Interest & Investment Income	54	88	119	127	134	132	130	136	131	107	108
Other Income / (Expense), net	23	-4.00	2.00	0.00	9.00	-27	-7.00	10	-7.00	-11	-11
Income Tax Expense	56	8.00	54	139	-24	73	-622	377	623	283	177
Other Gains / (Losses), net	-5.00	-11	13	-4.00	4.00	-6.00	1.00	-6.00	-	1.00	2.00
Basic Earnings per Share	$1.37	($0.18)	($2.12)	($1.73)	($1.31)	($1.12)	$0.72	$0.30	$0.80	$1.68	$1.42
Weighted Average Basic Shares Outstanding	1.11B	1.09B	1.09B	1.09B	1.09B	1.10B	1.10B	1.11B	1.11B	1.11B	1.12B
Diluted Earnings per Share	$1.37	($0.18)	($2.12)	($1.73)	($1.31)	($1.12)	$0.71	$0.30	$0.81	$1.67	$1.41
Weighted Average Diluted Shares Outstanding	1.12B	1.09B	1.09B	1.09B	1.09B	1.10B	1.11B	1.12B	1.12B	1.12B	1.12B
Weighted Average Basic & Diluted Shares Outstanding	1.09B	1.09B	1.09B	1.10B	1.10B	1.10B	1.11B	1.11B	1.11B	1.11B	1.12B
Cash Dividends to Common per Share	-	$0.12	$0.12	$0.12	-	$0.12	$0.12	$0.12	-	$0.12	$0.12

This table details how cash moves in and out of Micron Technology's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	9/3/2015	9/1/2016	8/31/2017	8/30/2018	8/29/2019	9/3/2020	9/2/2021	9/1/2022	8/31/2023	8/29/2024
Net Change in Cash & Equivalents	-1,859	1,888	965	1,408	692	411	139	510	317	-1,604
Net Cash From Operating Activities	5,208	3,168	8,153	17,400	13,189	8,306	12,468	15,181	1,559	8,507
Net Cash From Continuing Operating Activities	5,208	3,168	8,153	17,400	13,189	8,306	12,468	15,181	1,559	8,507
Net Income / (Loss) Continuing Operations	2,899	-275	5,090	14,138	6,358	2,710	5,861	8,687	-5,833	778
Consolidated Net Income / (Loss)	2,899	-275	5,090	14,138	6,358	2,710	5,861	8,687	-5,833	778
Depreciation Expense	2,667	2,980	3,861	4,759	5,424	5,650	6,214	7,116	7,756	7,780
Non-Cash Adjustments To Reconcile Net Income	-230	195	-118	583	542	328	833	514	2,528	833
Changes in Operating Assets and Liabilities, net	-266	142	-805	-2,181	816	-382	-440	-1,136	-2,892	-884
Net Cash From Investing Activities	-6,216	-3,044	-7,537	-8,216	-10,085	-7,589	-10,589	-11,585	-6,191	-8,309
Net Cash From Continuing Investing Activities	-6,216	-3,044	-7,537	-8,216	-10,085	-7,589	-10,589	-11,585	-6,191	-8,309
Purchase of Property, Plant & Equipment	-4,021	-5,817	-4,734	-8,879	-9,780	-8,223	-10,030	-12,067	-7,676	-8,386
Purchase of Investments	-4,524	-1,178	-1,239	-760	-4,218	-1,857	-3,163	-1,770	-723	-1,999
Sale of Property, Plant & Equipment	-	-	-	-	-	0.00	0.00	888	0.00	0.00
Sale and/or Maturity of Investments	2,248	3,690	970	924	3,045	2,272	2,106	1,615	1,591	1,794
Other Investing Activities, net	81	261	100	499	868	219	498	-251	617	282
Net Cash From Financing Activities	-718	1,745	349	-7,776	-2,438	-317	-1,781	-2,980	4,983	-1,842
Net Cash From Continuing Financing Activities	-718	1,745	349	-7,776	-2,438	-317	-1,781	-2,980	4,983	-1,842
Repayment of Debt	-2,316	-1,221	-2,558	-10,194	-3,340	-4,259	-1,474	-1,946	-666	-1,879
Repurchase of Common Equity	-884	-	-36	-71	-2,729	-176	-1,200	-2,432	-425	-300
Payment of Dividends	-	-	-	0.00	0.00	-744	0.00	-461	-504	-513
Issuance of Debt	2,212	2,199	3,320	1,040	3,706	5,000	1,188	2,000	6,716	999
Other Financing Activities, net	270	719	-519	-206	-75	-138	-295	-141	-138	-149
Other Net Changes in Cash	-	-	-	-	-	-	-	-	-	40
Cash Interest Paid	226	267	468	312	53	165	171	154	323	503
Cash Income Taxes Paid	63	90	99	226	524	167	361	493	532	338

This table details how cash moves in and out of Micron Technology's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	9/1/2022	12/1/2022	3/2/2023	6/1/2023	8/31/2023	11/30/2023	2/29/2024	5/30/2024	8/29/2024	11/28/2024	2/27/2025
Net Change in Cash & Equivalents	-922	1,303	245	-517	-714	-510	-45	-437	-612	-355	866
Net Cash From Operating Activities	3,777	943	343	24	249	1,401	1,219	2,482	3,405	3,244	3,942
Net Cash From Continuing Operating Activities	3,777	943	343	24	249	1,401	1,219	2,482	3,405	3,244	3,942
Net Income / (Loss) Continuing Operations	1,492	-195	-2,312	-1,896	-1,430	-1,234	793	332	887	1,870	1,583
Consolidated Net Income / (Loss)	1,492	-195	-2,312	-1,896	-1,430	-1,234	793	332	887	1,870	1,583
Depreciation Expense	1,882	1,921	1,942	1,956	1,937	1,915	1,924	1,955	1,986	2,030	2,079
Non-Cash Adjustments To Reconcile Net Income	53	146	1,587	546	249	188	213	219	213	220	249
Changes in Operating Assets and Liabilities, net	350	-929	-874	-582	-507	532	-1,711	-24	319	-876	31
Net Cash From Investing Activities	-3,824	-2,266	-1,915	-1,180	-830	-1,558	-1,151	-2,002	-3,598	-3,148	-3,152
Net Cash From Continuing Investing Activities	-3,824	-2,266	-1,915	-1,180	-830	-1,558	-1,151	-2,002	-3,598	-3,148	-3,152
Purchase of Property, Plant & Equipment	-3,613	-2,449	-2,205	-1,561	-1,461	-1,796	-1,384	-2,086	-3,120	-3,206	-4,055
Purchase of Investments	-411	-90	-203	-203	-227	-199	-266	-645	-889	-377	-439
Sale and/or Maturity of Investments	393	362	411	419	399	374	352	707	361	428	446
Other Investing Activities, net	-193	-89	82	165	459	63	147	22	50	7.00	896
Net Cash From Financing Activities	-840	2,632	1,802	661	-112	-352	-106	-910	-474	-422	96
Net Cash From Continuing Financing Activities	-840	2,632	1,802	661	-112	-352	-106	-910	-474	-422	96
Repayment of Debt	79	-119	85	-672	40	-167	-952	-737	-23	-291	-2,456
Payment of Dividends	-126	-126	-126	-126	-126	-129	-127	-128	-129	-131	-130
Effect of Exchange Rate Changes	-35	-6.00	15	-22	-21	-1.00	-7.00	-7.00	-	-29	-20

This table presents Micron Technology's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	9/3/2015	9/1/2016	8/31/2017	8/30/2018	8/29/2019	9/3/2020	9/2/2021	9/1/2022	8/31/2023	8/29/2024
Total Assets	24,143	27,540	35,336	43,376	48,887	53,678	58,849	66,283	64,254	69,416
Total Current Assets	8,596	9,495	12,457	16,039	16,503	17,965	19,907	21,781	21,244	24,372
Cash & Equivalents	2,287	4,140	5,109	6,506	7,152	7,624	7,763	8,262	8,577	7,041
Short-Term Investments	1,234	258	319	296	803	518	870	1,069	1,017	1,065
Accounts Receivable	2,507	2,068	3,759	5,478	3,195	3,912	5,311	5,130	2,443	6,615
Inventories, net	2,340	2,889	3,123	3,595	5,118	5,373	4,487	6,663	8,387	8,875
Other Current Assets	228	140	147	164	235	538	502	657	820	776
Plant, Property, & Equipment, net	10,554	14,686	19,431	23,672	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	4,993	3,359	3,448	3,665	32,384	35,713	38,942	44,502	43,010	45,044
Long-Term Investments	3,492	1,778	617	473	1,164	1,048	1,765	1,647	844	1,046
Goodwill	-	104	1,228	1,228	1,228	1,228	1,228	1,228	1,150	1,150
Intangible Assets	449	464	387	331	340	334	349	421	404	416
Noncurrent Deferred & Refundable Income Taxes	597	657	766	1,022	837	707	782	702	756	520
Other Noncurrent Operating Assets	455	356	450	611	28,815	32,396	34,818	40,504	39,856	41,912
Total Liabilities & Shareholders' Equity	24,143	27,540	35,336	43,376	48,887	53,678	58,849	66,283	64,254	69,416
Total Liabilities	10,855	14,612	15,845	10,112	12,019	14,682	14,916	16,376	20,134	24,285
Total Current Liabilities	3,905	4,835	5,334	5,754	6,390	6,635	6,424	7,539	4,765	9,248
Short-Term Debt	1,089	756	1,262	859	1,310	270	155	103	278	431
Accounts Payable	2,611	3,879	3,664	4,374	4,626	5,817	5,325	6,090	3,958	7,299
Other Current Liabilities	-	-	-	521	454	548	944	1,346	529	1,518
Total Noncurrent Liabilities	6,950	9,777	10,511	4,358	5,629	8,047	8,492	8,837	15,369	15,037
Long-Term Debt	6,252	9,154	9,872	3,777	4,541	6,373	6,621	6,803	13,052	12,966
Other Noncurrent Operating Liabilities	698	623	639	581	1,088	1,674	1,871	2,034	2,317	2,071
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	13,239	12,928	19,470	33,164	36,770	38,996	43,933	49,907	44,120	45,131
Total Preferred & Common Equity	12,302	12,080	18,621	32,294	35,881	38,996	43,933	49,907	44,120	45,131
Total Common Equity	12,302	12,080	18,621	32,294	35,881	38,996	43,933	49,907	44,120	45,131
Common Stock	7,582	7,845	8,399	8,318	8,332	9,036	9,575	10,320	11,160	12,240
Retained Earnings	5,588	5,299	10,260	24,395	30,761	33,384	39,051	47,274	40,824	40,877
Treasury Stock	-881	-1,029	-67	-429	-3,221	-3,495	-4,695	-	-7,552	-7,852
Accumulated Other Comprehensive Income / (Loss)	13	-35	29	10	9.00	71	2.00	-560	-312	-134

This table presents Micron Technology's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	9/1/2022	12/1/2022	3/2/2023	6/1/2023	8/31/2023	11/30/2023	2/29/2024	5/30/2024	8/29/2024	11/28/2024	2/27/2025
Total Assets	66,283	67,874	66,520	65,680	64,254	63,776	65,718	66,255	69,416	71,461	73,053
Total Current Assets	21,781	22,921	21,898	21,734	21,244	21,058	23,435	23,319	24,372	24,493	24,689
Cash & Equivalents	8,262	9,574	9,798	9,298	8,577	8,075	8,016	7,594	7,041	6,693	7,552
Short-Term Investments	1,069	1,007	1,020	1,054	1,017	973	990	785	1,065	895	663
Accounts Receivable	5,130	3,318	2,278	2,429	2,443	2,943	4,296	5,131	6,615	7,423	6,504
Inventories, net	6,663	8,359	8,129	8,238	8,387	8,276	8,443	8,512	8,875	8,705	9,007
Other Current Assets	657	663	673	715	820	791	1,690	1,297	776	777	963
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	44,502	44,953	44,622	43,946	43,010	42,718	42,283	42,936	45,044	46,968	48,364
Long-Term Investments	1,647	1,426	1,212	973	844	720	627	775	1,046	1,156	1,375
Goodwill	1,228	1,228	1,228	1,252	1,150	1,150	1,150	1,150	1,150	1,150	1,150
Intangible Assets	421	428	410	410	404	416	414	413	416	419	423
Noncurrent Deferred & Refundable Income Taxes	702	672	697	708	756	781	664	597	520	474	552
Other Noncurrent Operating Assets	40,504	41,199	41,075	40,603	39,856	39,651	39,428	40,001	41,912	43,769	44,864
Total Liabilities & Shareholders' Equity	66,283	67,874	66,520	65,680	64,254	63,776	65,718	66,255	69,416	71,461	73,053
Total Liabilities	16,376	18,568	19,263	20,275	20,134	20,891	21,848	22,030	24,285	24,664	24,420
Total Current Liabilities	7,539	6,525	5,255	5,104	4,765	5,962	6,259	6,840	9,248	9,015	7,877
Short-Term Debt	103	171	237	259	278	908	344	398	431	533	504
Accounts Payable	6,090	5,438	4,310	4,177	3,958	3,946	4,680	5,145	7,299	7,126	6,176
Other Current Liabilities	1,346	916	708	668	529	1,108	1,235	1,297	1,518	1,356	1,197
Total Noncurrent Liabilities	8,837	12,043	14,008	15,171	15,369	14,929	15,589	15,190	15,037	15,649	16,543
Long-Term Debt	6,803	10,094	12,037	12,986	13,052	12,597	13,378	12,860	12,966	13,252	13,851
Other Noncurrent Operating Liabilities	2,034	1,949	1,971	2,185	2,317	2,332	2,211	2,330	2,071	2,397	2,692
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	49,907	49,306	47,257	45,405	44,120	42,885	43,870	44,225	45,131	46,797	48,633
Total Preferred & Common Equity	49,907	49,306	47,257	45,405	44,120	42,885	43,870	44,225	45,131	46,797	48,633
Total Common Equity	49,907	49,306	47,257	45,405	44,120	42,885	43,870	44,225	45,131	46,797	48,633
Common Stock	10,320	10,458	10,756	10,906	11,160	11,341	11,689	11,919	12,240	12,443	12,837
Retained Earnings	47,274	46,873	44,426	42,391	40,824	39,356	39,997	40,169	40,877	42,427	43,839
Treasury Stock	-	-7,552	-	-7,552	-7,552	-7,552	-7,552	-7,552	-7,852	-7,852	-7,852
Accumulated Other Comprehensive Income / (Loss)	-560	-473	-373	-340	-312	-260	-264	-311	-134	-221	-191

This table displays calculated financial ratios and metrics derived from Micron Technology's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	9/3/2015	9/1/2016	8/31/2017	8/30/2018	8/29/2019	9/3/2020	9/2/2021	9/1/2022	8/31/2023	8/29/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.01%	-23.43%	63.90%	49.55%	-22.98%	-8.42%	29.25%	11.02%	-49.48%	61.59%
EBITDA Growth	7.84%	-44.00%	202.55%	99.02%	-35.82%	-29.98%	44.36%	33.41%	-87.97%	348.61%
EBIT Growth	-3.82%	-96.13%	4,949.12%	152.41%	-52.02%	-56.06%	107.77%	51.85%	-159.38%	122.19%
NOPAT Growth	-4.24%	-95.83%	4,780.32%	158.19%	-55.12%	-59.09%	116.27%	49.57%	-145.69%	120.63%
Net Income Growth	-5.85%	-109.49%	1,950.91%	177.76%	-55.03%	-57.38%	116.27%	48.22%	-167.15%	113.34%
EPS Growth	-2.76%	-110.93%	1,733.33%	161.00%	-52.13%	-56.99%	116.88%	50.78%	-168.90%	113.11%
Operating Cash Flow Growth	-7.74%	-39.17%	157.35%	113.42%	-24.20%	-37.02%	50.11%	21.76%	-89.73%	445.67%
Free Cash Flow Firm Growth	-61.07%	-387.50%	25.60%	502.66%	-58.10%	-103.48%	2,443.56%	-23.13%	-325.64%	70.49%
Invested Capital Growth	15.22%	22.37%	47.52%	24.59%	9.71%	8.48%	7.92%	16.52%	2.57%	5.03%
Revenue Q/Q Growth	-3.73%	-3.00%	16.79%	8.20%	-13.23%	5.86%	8.70%	-5.04%	-14.49%	17.50%
EBITDA Q/Q Growth	63.07%	435.77%	41.29%	12.27%	-22.47%	8.01%	17.42%	-6.51%	-59.40%	50.23%
EBIT Q/Q Growth	-16.48%	-81.03%	76.51%	15.13%	-34.83%	20.69%	39.81%	-12.89%	-110.11%	174.66%
NOPAT Q/Q Growth	-13.34%	-84.61%	83.24%	13.89%	-36.29%	19.22%	40.80%	-12.47%	-108.76%	170.14%
Net Income Q/Q Growth	-19.00%	-175.14%	99.53%	16.07%	-37.04%	17.52%	41.88%	-12.39%	-100.38%	150.55%
EPS Q/Q Growth	-17.39%	-184.38%	103.23%	14.64%	-35.33%	16.18%	41.60%	-11.53%	-100.75%	149.30%
Operating Cash Flow Q/Q Growth	232.57%	-57.14%	39.46%	12.64%	-18.14%	0.46%	14.86%	-0.70%	-69.35%	58.98%
Free Cash Flow Firm Q/Q Growth	-44.29%	-13.17%	57.20%	15.80%	-42.62%	-150.06%	828.72%	-53.23%	-6.19%	29.85%
Invested Capital Q/Q Growth	10.70%	6.45%	2.96%	4.49%	0.77%	3.05%	0.28%	3.33%	-0.66%	2.17%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	32.21%	20.20%	41.51%	58.87%	45.72%	30.57%	37.62%	45.19%	-9.11%	22.35%
EBITDA Margin	35.51%	25.97%	47.94%	63.80%	53.17%	40.65%	45.40%	54.55%	12.99%	36.05%
Operating Margin	18.52%	1.35%	28.88%	49.34%	31.51%	14.01%	22.68%	31.54%	-36.97%	5.19%
EBIT Margin	18.19%	0.92%	28.32%	47.81%	29.78%	14.29%	22.97%	31.42%	-36.92%	5.07%
Profit (Net Income) Margin	17.90%	-2.22%	25.05%	46.52%	27.16%	12.64%	21.16%	28.24%	-37.54%	3.10%
Tax Burden Percent	111.12%	97.86%	97.96%	98.82%	90.21%	90.85%	94.26%	90.76%	103.09%	62.74%
Interest Burden Percent	88.59%	-246.49%	90.27%	98.47%	101.10%	97.39%	97.71%	99.04%	98.61%	97.41%
Effective Tax Rate	6.02%	0.00%	2.19%	1.17%	9.83%	9.39%	6.34%	9.28%	0.00%	36.37%
Return on Invested Capital (ROIC)	22.16%	0.78%	27.83%	53.68%	20.71%	7.77%	15.53%	20.67%	-8.66%	1.72%
ROIC Less NNEP Spread (ROIC-NNEP)	53.77%	-18.55%	13.11%	-1.82%	30.62%	8.15%	16.20%	23.32%	298.37%	0.27%
Return on Net Nonoperating Assets (RNNOA)	1.11%	-2.87%	3.57%	-0.08%	-2.58%	-0.62%	-1.40%	-2.15%	-3.74%	0.02%
Return on Equity (ROE)	23.27%	-2.10%	31.40%	53.60%	18.13%	7.14%	14.14%	18.51%	-12.41%	1.74%
Cash Return on Invested Capital (CROIC)	8.01%	-19.34%	-10.57%	31.78%	11.45%	-0.37%	7.91%	5.41%	-11.20%	-3.18%
Operating Return on Assets (OROA)	12.65%	0.44%	18.31%	36.92%	15.11%	5.97%	11.31%	15.45%	-8.79%	1.90%
Return on Assets (ROA)	12.45%	-1.06%	16.19%	35.92%	13.78%	5.28%	10.42%	13.88%	-8.94%	1.16%
Return on Common Equity (ROCE)	21.54%	-1.95%	29.74%	51.73%	17.63%	7.05%	14.14%	18.51%	-12.41%	1.74%
Return on Equity Simple (ROE_SIMPLE)	23.57%	-2.28%	27.33%	43.78%	17.72%	6.95%	13.34%	17.41%	-13.22%	1.72%
Net Operating Profit after Tax (NOPAT)	2,818	118	5,739	14,818	6,651	2,721	5,885	8,802	-4,022	830
NOPAT Margin	17.40%	0.95%	28.24%	48.76%	28.41%	12.69%	21.24%	28.62%	-25.88%	3.30%
Net Nonoperating Expense Percent (NNEP)	-31.62%	19.33%	14.72%	55.50%	-9.91%	-0.38%	-0.67%	-2.65%	-307.03%	1.45%
Cost of Revenue to Revenue	67.79%	79.80%	58.49%	41.13%	54.28%	69.43%	62.38%	54.82%	109.11%	77.65%
SG&A Expenses to Revenue	4.44%	5.31%	3.66%	2.68%	3.57%	4.11%	3.23%	3.47%	5.92%	4.50%
R&D to Revenue	9.51%	13.04%	8.98%	7.04%	10.43%	12.13%	9.61%	10.13%	20.04%	13.66%
Operating Expenses to Revenue	13.69%	18.85%	12.64%	9.53%	14.21%	16.56%	14.94%	13.64%	27.86%	17.16%
Earnings before Interest and Taxes (EBIT)	2,945	114	5,756	14,529	6,971	3,063	6,364	9,664	-5,738	1,273
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	5,750	3,220	9,742	19,389	12,444	8,713	12,578	16,780	2,018	9,053
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.43	1.40	1.88	1.86	1.35	1.30	1.86	1.25	1.73	2.35
Price to Tangible Book Value (P/TBV)	1.49	1.47	2.06	1.95	1.41	1.35	1.93	1.29	1.79	2.43
Price to Revenue (P/Rev)	1.09	1.37	1.72	1.98	2.07	2.36	2.95	2.03	4.91	4.22
Price to Earnings (P/E)	6.08	0.00	6.87	4.25	7.66	18.80	13.95	7.18	0.00	136.21
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.73%	0.66%	0.48%
Earnings Yield	16.44%	0.00%	14.56%	23.54%	13.05%	5.32%	7.17%	13.92%	0.00%	0.73%
Enterprise Value to Invested Capital (EV/IC)	1.39	1.29	1.66	1.91	1.37	1.32	1.99	1.27	1.68	2.23
Enterprise Value to Revenue (EV/Rev)	1.17	1.74	2.01	1.92	1.97	2.24	2.82	1.90	5.09	4.39
Enterprise Value to EBITDA (EV/EBITDA)	3.30	6.69	4.20	3.01	3.70	5.50	6.21	3.48	39.21	12.17
Enterprise Value to EBIT (EV/EBIT)	6.44	188.92	7.11	4.02	6.61	15.66	12.27	6.04	0.00	86.58
Enterprise Value to NOPAT (EV/NOPAT)	6.73	183.14	7.13	3.94	6.93	17.63	13.27	6.63	0.00	132.84
Enterprise Value to Operating Cash Flow (EV/OCF)	3.64	6.80	5.02	3.36	3.50	5.77	6.27	3.84	50.76	12.96
Enterprise Value to Free Cash Flow (EV/FCFF)	18.61	0.00	0.00	6.65	12.54	0.00	26.06	25.32	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.55	0.77	0.57	0.14	0.16	0.17	0.15	0.14	0.30	0.30
Long-Term Debt to Equity	0.47	0.71	0.51	0.11	0.12	0.16	0.15	0.14	0.30	0.29
Financial Leverage	0.02	0.15	0.27	0.05	-0.08	-0.08	-0.09	-0.09	-0.01	0.08
Leverage Ratio	1.87	1.97	1.94	1.49	1.32	1.35	1.36	1.33	1.39	1.50
Compound Leverage Factor	1.66	-4.86	1.75	1.47	1.33	1.32	1.33	1.32	1.37	1.46
Debt to Total Capital	35.59%	43.39%	36.36%	12.23%	13.70%	14.56%	13.36%	12.16%	23.20%	22.89%
Short-Term Debt to Total Capital	5.28%	3.31%	4.12%	2.27%	3.07%	0.59%	0.31%	0.18%	0.48%	0.74%
Long-Term Debt to Total Capital	30.31%	40.08%	32.24%	9.97%	10.63%	13.96%	13.06%	11.97%	22.72%	22.15%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	4.78%	3.71%	2.84%	2.56%	2.31%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	59.63%	52.89%	60.80%	85.21%	83.99%	85.44%	86.64%	87.84%	76.80%	77.11%
Debt to EBITDA	1.28	3.08	1.14	0.24	0.47	0.76	0.54	0.41	6.61	1.48
Net Debt to EBITDA	0.06	1.16	0.52	-0.14	-0.26	-0.29	-0.29	-0.24	1.43	0.47
Long-Term Debt to EBITDA	1.09	2.84	1.01	0.19	0.36	0.73	0.53	0.41	6.47	1.43
Debt to NOPAT	2.61	84.27	1.94	0.31	0.88	2.44	1.15	0.78	-3.31	16.15
Net Debt to NOPAT	0.12	31.75	0.89	-0.18	-0.49	-0.94	-0.62	-0.46	-0.72	5.12
Long-Term Debt to NOPAT	2.22	77.84	1.72	0.25	0.68	2.34	1.13	0.77	-3.25	15.63
Altman Z-Score	2.61	1.63	3.08	6.44	4.49	3.78	5.32	4.49	3.42	4.13
Noncontrolling Interest Sharing Ratio	7.45%	7.00%	5.30%	3.49%	2.79%	1.30%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.20	1.96	2.34	2.79	2.58	2.71	3.10	2.89	4.46	2.64
Quick Ratio	1.54	1.34	1.72	2.13	1.74	1.82	2.17	1.92	2.53	1.59
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,019	-2,928	-2,179	8,773	3,676	-128	2,997	2,304	-5,199	-1,534
Operating Cash Flow to CapEx	129.52%	54.46%	172.22%	195.97%	134.86%	101.01%	124.31%	135.80%	20.31%	101.44%
Free Cash Flow to Firm to Interest Expense	2.75	-6.70	-3.63	25.65	28.72	-0.66	16.38	12.19	-13.40	-2.73
Operating Cash Flow to Interest Expense	14.04	7.25	13.57	50.88	103.04	42.81	68.13	80.32	4.02	15.14
Operating Cash Flow Less CapEx to Interest Expense	3.20	-6.06	5.69	24.92	26.63	0.43	13.32	21.17	-15.77	0.22
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.70	0.48	0.65	0.77	0.51	0.42	0.49	0.49	0.24	0.38
Accounts Receivable Turnover	5.98	5.42	6.98	6.58	5.40	6.03	6.01	5.89	4.10	5.54
Inventory Turnover	4.58	3.78	3.95	3.72	2.92	2.84	3.51	3.02	2.25	2.26
Fixed Asset Turnover	1.68	0.98	1.19	1.41	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	4.01	3.05	3.15	3.11	2.82	2.85	3.10	2.95	3.38	3.46
Days Sales Outstanding (DSO)	61.01	67.34	52.33	55.47	67.62	60.51	60.75	61.95	88.94	65.83
Days Inventory Outstanding (DIO)	79.72	96.45	92.31	98.08	125.17	128.64	104.12	120.69	161.99	161.57
Days Payable Outstanding (DPO)	91.03	119.71	115.82	117.35	129.29	128.06	117.66	123.56	108.15	105.36
Cash Conversion Cycle (CCC)	49.70	44.08	28.82	36.20	63.50	61.10	47.22	59.08	142.77	122.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	13,616	16,662	24,580	30,625	33,600	36,449	39,337	45,835	47,012	49,376
Invested Capital Turnover	1.27	0.82	0.99	1.10	0.73	0.61	0.73	0.72	0.33	0.52
Increase / (Decrease) in Invested Capital	1,799	3,046	7,918	6,045	2,975	2,849	2,888	6,498	1,177	2,364
Enterprise Value (EV)	18,952	21,537	40,909	58,376	46,102	47,961	78,112	58,325	79,127	110,217
Market Capitalization	17,638	16,955	34,950	60,045	48,383	50,508	81,734	62,397	76,235	105,972
Book Value per Share	$11.35	$11.63	$16.71	$27.84	$32.51	$35.10	$39.03	$45.24	$40.28	$40.70
Tangible Book Value per Share	$10.94	$11.09	$15.26	$26.50	$31.09	$33.69	$37.62	$43.75	$38.86	$39.29
Total Capital	20,629	22,838	30,625	37,900	42,719	45,639	50,709	56,813	57,450	58,528
Total Debt	7,341	9,910	11,134	4,636	5,851	6,643	6,776	6,906	13,330	13,397
Total Long-Term Debt	6,252	9,154	9,872	3,777	4,541	6,373	6,621	6,803	13,052	12,966
Net Debt	328	3,734	5,089	-2,639	-3,268	-2,547	-3,622	-4,072	2,892	4,245
Capital Expenditures (CapEx)	4,021	5,817	4,734	8,879	9,780	8,223	10,030	11,179	7,676	8,386
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,259	1,018	2,957	4,342	3,468	3,458	5,005	5,014	7,163	7,449
Debt-free Net Working Capital (DFNWC)	5,780	5,416	8,385	11,144	11,423	11,600	13,638	14,345	16,757	15,555
Net Working Capital (NWC)	4,691	4,660	7,123	10,285	10,113	11,330	13,483	14,242	16,479	15,124
Net Nonoperating Expense (NNE)	-81	393	649	680	293	11	24	115	1,812	52
Net Nonoperating Obligations (NNO)	328	3,734	5,089	-2,639	-3,268	-2,547	-4,596	-4,072	2,892	4,245
Total Depreciation and Amortization (D&A)	2,805	3,106	3,986	4,860	5,473	5,650	6,214	7,116	7,756	7,780
Debt-free, Cash-free Net Working Capital to Revenue	13.95%	8.21%	14.55%	14.29%	14.82%	16.13%	18.07%	16.30%	46.09%	29.66%
Debt-free Net Working Capital to Revenue	35.70%	43.68%	41.26%	36.67%	48.80%	54.12%	49.23%	46.64%	107.83%	61.95%
Net Working Capital to Revenue	28.97%	37.58%	35.05%	33.84%	43.21%	52.86%	48.67%	46.30%	106.04%	60.23%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.71	($0.27)	$4.67	$12.27	$5.67	$2.42	$5.23	$7.81	($5.34)	$0.70
Adjusted Weighted Average Basic Shares Outstanding	1.07B	1.04B	1.09B	1.15B	1.11B	1.11B	1.12B	1.11B	1.09B	1.11B
Adjusted Diluted Earnings per Share	$2.47	($0.27)	$4.41	$11.51	$5.51	$2.37	$5.14	$7.75	($5.34)	$0.70
Adjusted Weighted Average Diluted Shares Outstanding	1.17B	1.04B	1.15B	1.23B	1.14B	1.13B	1.14B	1.12B	1.09B	1.12B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.09B	1.04B	1.15B	1.13B	1.11B	1.11B	1.12B	1.09B	1.10B	1.11B
Normalized Net Operating Profit after Tax (NOPAT)	2,820	118	5,739	14,818	6,625	2,775	6,342	8,845	-3,902	830
Normalized NOPAT Margin	17.42%	0.95%	28.24%	48.76%	28.30%	12.95%	22.89%	28.76%	-25.11%	3.31%
Pre Tax Income Margin	16.11%	-2.27%	25.57%	47.08%	30.11%	13.92%	22.44%	31.12%	-36.41%	4.94%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.94	0.26	9.58	42.48	54.46	15.79	34.78	51.13	-14.79	2.27
NOPAT to Interest Expense	7.59	0.27	9.55	43.33	51.96	14.03	32.16	46.57	-10.36	1.48
EBIT Less CapEx to Interest Expense	-2.90	-13.05	1.70	16.52	-21.95	-26.60	-20.03	-8.02	-34.57	-12.66
NOPAT Less CapEx to Interest Expense	-3.24	-13.04	1.67	17.37	-24.45	-28.36	-22.65	-12.58	-30.15	-13.45
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	27.45%	0.00%	5.31%	-8.64%	65.94%
Augmented Payout Ratio	30.49%	0.00%	0.71%	0.50%	42.92%	33.95%	20.47%	33.30%	-15.93%	104.50%

This table displays calculated financial ratios and metrics derived from Micron Technology's official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	9/1/2022	12/1/2022	3/2/2023	6/1/2023	8/31/2023	11/30/2023	2/29/2024	5/30/2024	8/29/2024	11/28/2024	2/27/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-19.71%	-46.86%	-52.57%	-56.58%	-39.64%	15.69%	57.70%	81.53%	93.27%	84.28%	38.27%
EBITDA Growth	-25.44%	-59.59%	-108.36%	-95.97%	-86.16%	-55.50%	687.19%	1,276.41%	638.61%	451.71%	82.21%
EBIT Growth	-48.08%	-108.33%	-190.16%	-158.47%	-194.75%	-442.25%	108.00%	141.40%	203.55%	287.27%	857.61%
NOPAT Growth	-46.17%	-106.09%	-170.48%	-146.62%	-170.28%	-439.71%	155.20%	127.57%	186.77%	339.12%	79.19%
Net Income Growth	-45.15%	-108.46%	-202.17%	-172.20%	-195.84%	-532.82%	134.30%	117.51%	162.03%	251.54%	99.62%
EPS Growth	-42.44%	-108.82%	-206.00%	-173.93%	-195.62%	-522.22%	133.49%	117.34%	161.83%	249.11%	98.59%
Operating Cash Flow Growth	-2.75%	-76.05%	-90.55%	-99.37%	-93.41%	48.57%	255.39%	10,241.67%	1,267.47%	131.55%	223.38%
Free Cash Flow Firm Growth	-2,959.09%	-605.40%	-202.54%	-69.02%	56.13%	102.46%	107.14%	84.19%	33.41%	-2,283.66%	-990.27%
Invested Capital Growth	16.52%	14.56%	10.29%	6.69%	2.57%	-1.98%	0.96%	2.12%	5.03%	11.19%	11.34%
Revenue Q/Q Growth	-23.13%	-38.51%	-9.60%	1.60%	6.88%	17.86%	23.23%	16.95%	13.79%	12.37%	-7.53%
EBITDA Q/Q Growth	-29.11%	-50.15%	-121.02%	154.32%	143.08%	60.34%	177.37%	27.32%	30.44%	19.77%	-8.39%
EBIT Q/Q Growth	-48.74%	-113.80%	-980.28%	23.47%	16.92%	21.05%	115.93%	296.20%	107.82%	42.77%	-18.54%
NOPAT Q/Q Growth	-44.55%	-109.98%	-1,001.91%	23.53%	16.41%	23.37%	212.69%	-61.80%	163.04%	111.19%	-15.55%
Net Income Q/Q Growth	-43.18%	-113.07%	-1,085.64%	17.99%	24.58%	13.71%	164.26%	-58.13%	167.17%	110.82%	-15.35%
EPS Q/Q Growth	-41.45%	-113.14%	-1,077.78%	18.40%	24.28%	14.50%	163.39%	-57.75%	170.00%	106.17%	-15.57%
Operating Cash Flow Q/Q Growth	-1.59%	-75.03%	-63.63%	-93.00%	937.50%	462.65%	-12.99%	103.61%	37.19%	-4.73%	21.52%
Free Cash Flow Firm Q/Q Growth	-102.41%	-23.02%	2.36%	30.48%	47.46%	106.90%	183.36%	-253.79%	-121.34%	-126.39%	-15.52%
Invested Capital Q/Q Growth	3.33%	3.77%	-0.13%	-0.37%	-0.66%	-0.83%	2.87%	0.77%	2.17%	4.99%	3.01%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	39.47%	21.86%	-32.66%	-17.80%	-10.85%	-0.74%	18.53%	26.90%	35.32%	38.44%	36.79%
EBITDA Margin	51.57%	41.81%	-9.72%	5.20%	11.82%	16.08%	36.20%	39.41%	45.17%	48.15%	47.70%
Operating Margin	22.90%	-5.12%	-62.36%	-46.94%	-36.71%	-23.87%	3.28%	10.56%	19.64%	24.96%	22.02%
EBIT Margin	23.24%	-5.21%	-62.31%	-46.94%	-36.48%	-24.44%	3.16%	10.70%	19.55%	24.84%	21.88%
Profit (Net Income) Margin	22.46%	-4.77%	-62.60%	-50.53%	-35.66%	-26.11%	13.62%	4.87%	11.45%	21.47%	19.66%
Tax Burden Percent	96.07%	110.80%	101.81%	108.16%	98.08%	106.84%	466.47%	46.43%	58.74%	86.90%	90.05%
Interest Burden Percent	100.58%	82.63%	98.70%	99.55%	99.66%	100.00%	92.39%	98.08%	99.67%	99.49%	99.77%
Effective Tax Rate	3.61%	0.00%	0.00%	0.00%	0.00%	0.00%	-365.88%	52.73%	41.26%	13.15%	10.07%
Return on Invested Capital (ROIC)	15.94%	-2.18%	-22.23%	-13.02%	-8.60%	-5.74%	5.86%	2.23%	6.01%	12.81%	12.24%
ROIC Less NNEP Spread (ROIC-NNEP)	15.34%	-0.59%	8.66%	31.12%	59.13%	-50.29%	1.39%	1.97%	5.81%	12.40%	11.98%
Return on Net Nonoperating Assets (RNNOA)	-1.42%	0.04%	-0.41%	-0.99%	-0.74%	-1.09%	0.07%	0.13%	0.46%	1.21%	1.15%
Return on Equity (ROE)	14.52%	-2.15%	-22.64%	-14.01%	-9.34%	-6.83%	5.93%	2.36%	6.48%	14.03%	13.38%
Cash Return on Invested Capital (CROIC)	5.41%	0.32%	-6.35%	-10.68%	-11.20%	-7.91%	-7.08%	-4.57%	-3.18%	-2.60%	-1.43%
Operating Return on Assets (OROA)	11.43%	-2.19%	-22.07%	-13.02%	-8.69%	-6.01%	0.88%	3.47%	7.34%	10.69%	9.88%
Return on Assets (ROA)	11.04%	-2.01%	-22.18%	-14.02%	-8.49%	-6.42%	3.77%	1.58%	4.30%	9.24%	8.87%
Return on Common Equity (ROCE)	14.52%	-2.15%	-22.64%	-14.01%	-9.34%	-6.83%	5.93%	2.36%	6.48%	14.03%	13.38%
Return on Equity Simple (ROE_SIMPLE)	0.00%	12.55%	3.41%	-6.41%	0.00%	-16.02%	-8.59%	-3.48%	0.00%	8.30%	9.61%
Net Operating Profit after Tax (NOPAT)	1,466	-146	-1,612	-1,233	-1,030	-790	890	340	894	1,888	1,594
NOPAT Margin	22.07%	-3.58%	-43.65%	-32.85%	-25.70%	-16.71%	15.28%	4.99%	11.54%	21.68%	19.80%
Net Nonoperating Expense Percent (NNEP)	0.60%	-1.59%	-30.89%	-44.15%	-67.73%	44.55%	4.47%	0.26%	0.20%	0.41%	0.26%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-1.40%	1.55%	-	-	3.12%	2.53%
Cost of Revenue to Revenue	60.53%	78.14%	132.66%	117.80%	110.85%	100.74%	81.47%	73.10%	64.68%	61.56%	63.21%
SG&A Expenses to Revenue	4.22%	6.14%	6.26%	5.84%	5.46%	5.57%	4.81%	4.27%	3.81%	3.31%	3.54%
R&D to Revenue	12.63%	20.78%	21.34%	20.20%	17.93%	17.88%	14.29%	12.48%	11.65%	10.20%	11.15%
Operating Expenses to Revenue	16.57%	26.98%	29.70%	29.13%	25.86%	23.13%	15.25%	16.34%	15.68%	13.48%	14.78%
Earnings before Interest and Taxes (EBIT)	1,544	-213	-2,301	-1,761	-1,463	-1,155	184	729	1,515	2,163	1,762
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3,426	1,708	-359	195	474	760	2,108	2,684	3,501	4,193	3,841
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.25	1.21	1.29	1.65	1.73	1.94	2.27	3.16	2.35	2.33	2.10
Price to Tangible Book Value (P/TBV)	1.29	1.25	1.34	1.72	1.79	2.01	2.35	3.28	2.43	2.41	2.17
Price to Revenue (P/Rev)	2.03	2.20	2.65	4.13	4.91	5.14	5.44	6.54	4.22	3.74	3.27
Price to Earnings (P/E)	7.18	9.65	37.89	0.00	0.00	0.00	0.00	0.00	136.21	28.05	21.90
Dividend Yield	0.73%	0.78%	0.80%	0.67%	0.66%	0.61%	0.51%	0.46%	0.48%	0.47%	0.50%
Earnings Yield	13.92%	10.37%	2.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.73%	3.57%	4.57%
Enterprise Value to Invested Capital (EV/IC)	1.27	1.22	1.29	1.63	1.68	1.87	2.16	2.98	2.23	2.20	2.01
Enterprise Value to Revenue (EV/Rev)	1.90	2.13	2.66	4.24	5.09	5.37	5.66	6.73	4.39	3.92	3.42
Enterprise Value to EBITDA (EV/EBITDA)	3.48	4.06	6.38	15.50	39.21	81.27	29.32	23.87	12.17	9.12	7.53
Enterprise Value to EBIT (EV/EBIT)	6.04	8.40	30.01	0.00	0.00	0.00	0.00	0.00	86.58	24.81	17.36
Enterprise Value to NOPAT (EV/NOPAT)	6.63	9.36	39.40	0.00	0.00	0.00	0.00	0.00	132.84	28.94	22.71
Enterprise Value to Operating Cash Flow (EV/OCF)	3.84	4.75	6.89	15.14	50.76	43.11	35.84	26.88	12.96	11.01	8.19
Enterprise Value to Free Cash Flow (EV/FCFF)	25.32	407.39	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.14	0.21	0.26	0.29	0.30	0.31	0.31	0.30	0.30	0.29	0.30
Long-Term Debt to Equity	0.14	0.20	0.25	0.29	0.30	0.29	0.30	0.29	0.29	0.28	0.28
Financial Leverage	-0.09	-0.06	-0.05	-0.03	-0.01	0.02	0.05	0.07	0.08	0.10	0.10
Leverage Ratio	1.33	1.36	1.37	1.38	1.39	1.43	1.45	1.47	1.50	1.51	1.50
Compound Leverage Factor	1.34	1.12	1.35	1.38	1.38	1.43	1.34	1.44	1.49	1.50	1.50
Debt to Total Capital	12.16%	17.23%	20.62%	22.58%	23.20%	23.95%	23.83%	23.06%	22.89%	22.75%	22.79%
Short-Term Debt to Total Capital	0.18%	0.29%	0.40%	0.44%	0.48%	1.61%	0.60%	0.69%	0.74%	0.88%	0.80%
Long-Term Debt to Total Capital	11.97%	16.94%	20.22%	22.14%	22.72%	22.34%	23.23%	22.37%	22.15%	21.87%	21.99%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	87.84%	82.77%	79.38%	77.42%	76.80%	76.05%	76.17%	76.94%	77.11%	77.25%	77.21%
Debt to EBITDA	0.41	0.72	1.28	2.67	6.61	12.62	3.88	2.20	1.48	1.10	1.01
Net Debt to EBITDA	-0.24	-0.12	0.03	0.39	1.43	3.49	1.16	0.68	0.47	0.40	0.34
Long-Term Debt to EBITDA	0.41	0.71	1.25	2.61	6.47	11.77	3.78	2.13	1.43	1.06	0.97
Debt to NOPAT	0.78	1.66	7.89	-6.88	-3.31	-2.90	-4.70	-11.21	16.15	3.50	3.04
Net Debt to NOPAT	-0.46	-0.28	0.16	-1.00	-0.72	-0.80	-1.40	-3.47	5.12	1.28	1.01
Long-Term Debt to NOPAT	0.77	1.63	7.74	-6.74	-3.25	-2.70	-4.58	-10.87	15.63	3.37	2.94
Altman Z-Score	4.08	3.57	3.37	3.62	3.64	3.73	4.19	5.31	4.14	4.25	4.14
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.89	3.51	4.17	4.26	4.46	3.53	3.74	3.41	2.64	2.72	3.13
Quick Ratio	1.92	2.13	2.49	2.50	2.53	2.01	2.13	1.98	1.59	1.67	1.87
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-5,032	-6,190	-6,044	-4,202	-2,207	152	432	-664	-1,470	-3,328	-3,845
Operating Cash Flow to CapEx	104.54%	38.51%	15.56%	1.54%	17.04%	78.01%	88.08%	118.98%	109.13%	101.19%	97.21%
Free Cash Flow to Firm to Interest Expense	-111.82	-121.38	-67.91	-35.31	-17.11	1.15	3.00	-4.43	-10.81	-28.20	-34.33
Operating Cash Flow to Interest Expense	83.93	18.49	3.85	0.20	1.93	10.61	8.47	16.55	25.04	27.49	35.20
Operating Cash Flow Less CapEx to Interest Expense	3.64	-29.53	-20.92	-12.92	-9.40	-2.99	-1.15	2.64	2.10	0.32	-1.01
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.49	0.42	0.35	0.28	0.24	0.25	0.28	0.32	0.38	0.43	0.45
Accounts Receivable Turnover	5.89	6.34	6.02	4.20	4.10	5.17	5.57	5.65	5.54	5.61	5.80
Inventory Turnover	3.02	2.42	2.47	2.38	2.25	2.23	2.22	2.26	2.26	2.37	2.34
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	2.95	2.92	3.36	3.32	3.38	3.95	4.09	4.06	3.46	3.63	3.77
Days Sales Outstanding (DSO)	61.95	57.58	60.63	86.95	88.94	70.62	65.52	64.56	65.83	65.02	62.93
Days Inventory Outstanding (DIO)	120.69	151.06	147.49	153.08	161.99	163.88	164.63	161.48	161.57	154.20	155.78
Days Payable Outstanding (DPO)	123.56	124.97	108.72	110.01	108.15	92.45	89.31	89.87	105.36	100.54	96.91
Cash Conversion Cycle (CCC)	59.08	83.68	99.40	130.02	142.77	142.05	140.84	136.17	122.04	118.68	121.79
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	45,835	47,564	47,501	47,325	47,012	46,622	47,959	48,329	49,376	51,838	53,398
Invested Capital Turnover	0.72	0.61	0.51	0.40	0.33	0.34	0.38	0.45	0.52	0.59	0.62
Increase / (Decrease) in Invested Capital	6,498	6,044	4,432	2,969	1,177	-942	458	1,004	2,364	5,216	5,439
Enterprise Value (EV)	58,325	57,924	61,283	77,025	79,127	86,961	103,689	143,831	110,217	113,920	107,068
Market Capitalization	62,397	59,666	61,039	75,105	76,235	83,224	99,600	139,727	105,972	108,879	102,303
Book Value per Share	$45.24	$45.35	$43.31	$41.49	$40.28	$39.06	$39.74	$39.94	$40.70	$42.21	$43.65
Tangible Book Value per Share	$43.75	$43.83	$41.81	$39.97	$38.86	$37.63	$38.32	$38.53	$39.29	$40.79	$42.24
Total Capital	56,813	59,571	59,531	58,650	57,450	56,390	57,592	57,483	58,528	60,582	62,988
Total Debt	6,906	10,265	12,274	13,245	13,330	13,505	13,722	13,258	13,397	13,785	14,355
Total Long-Term Debt	6,803	10,094	12,037	12,986	13,052	12,597	13,378	12,860	12,966	13,252	13,851
Net Debt	-4,072	-1,742	244	1,920	2,892	3,737	4,089	4,104	4,245	5,041	4,765
Capital Expenditures (CapEx)	3,613	2,449	2,205	1,561	1,461	1,796	1,384	2,086	3,120	3,206	4,055
Debt-free, Cash-free Net Working Capital (DFCFNWC)	5,014	5,986	6,062	6,537	7,163	6,956	8,514	8,498	7,449	8,423	9,101
Debt-free Net Working Capital (DFNWC)	14,345	16,567	16,880	16,889	16,757	16,004	17,520	16,877	15,555	16,011	17,316
Net Working Capital (NWC)	14,242	16,396	16,643	16,630	16,479	15,096	17,176	16,479	15,124	15,478	16,812
Net Nonoperating Expense (NNE)	-26	49	700	663	400	444	97	7.89	7.05	18	11
Net Nonoperating Obligations (NNO)	-4,072	-1,742	244	1,920	2,892	3,737	4,089	4,104	4,245	5,041	4,765
Total Depreciation and Amortization (D&A)	1,882	1,921	1,942	1,956	1,937	1,915	1,924	1,955	1,986	2,030	2,079
Debt-free, Cash-free Net Working Capital to Revenue	16.30%	22.04%	26.28%	35.97%	46.09%	42.99%	46.49%	39.76%	29.66%	28.95%	29.06%
Debt-free Net Working Capital to Revenue	46.64%	61.01%	73.19%	92.93%	107.83%	98.91%	95.68%	78.97%	61.95%	55.03%	55.28%
Net Working Capital to Revenue	46.30%	60.38%	72.16%	91.51%	106.04%	93.29%	93.80%	77.11%	60.23%	53.20%	53.67%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.37	($0.18)	($2.12)	($1.73)	($1.31)	($1.12)	$0.72	$0.30	$0.80	$1.68	$1.42
Adjusted Weighted Average Basic Shares Outstanding	1.11B	1.09B	1.09B	1.09B	1.09B	1.10B	1.10B	1.11B	1.11B	1.11B	1.12B
Adjusted Diluted Earnings per Share	$1.37	($0.18)	($2.12)	($1.73)	($1.31)	($1.12)	$0.71	$0.30	$0.81	$1.67	$1.41
Adjusted Weighted Average Diluted Shares Outstanding	1.12B	1.09B	1.09B	1.09B	1.09B	1.10B	1.11B	1.12B	1.12B	1.12B	1.12B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.09B	1.09B	1.09B	1.10B	1.10B	1.10B	1.11B	1.11B	1.11B	1.11B	1.12B
Normalized Net Operating Profit after Tax (NOPAT)	1,471	-137	-1,552	-1,185	-1,028	-790	134	503	895	1,888	1,594
Normalized NOPAT Margin	22.14%	-3.36%	-42.02%	-31.59%	-25.63%	-16.71%	2.30%	7.39%	11.54%	21.68%	19.80%
Pre Tax Income Margin	23.38%	-4.31%	-61.49%	-46.72%	-36.36%	-24.44%	2.92%	10.50%	19.48%	24.71%	21.83%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	34.31	-4.18	-25.85	-14.80	-11.34	-8.75	1.28	4.86	11.14	18.33	15.73
NOPAT to Interest Expense	32.58	-2.87	-18.11	-10.36	-7.99	-5.98	6.18	2.27	6.57	16.00	14.24
EBIT Less CapEx to Interest Expense	-45.98	-52.20	-50.63	-27.92	-22.67	-22.36	-8.33	-9.05	-11.80	-8.84	-20.47
NOPAT Less CapEx to Interest Expense	-47.71	-50.89	-42.89	-23.48	-19.31	-19.59	-3.43	-11.64	-16.37	-11.17	-21.97
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	5.31%	7.68%	30.35%	-17.31%	-8.64%	-7.38%	-13.49%	-33.14%	65.94%	13.27%	11.09%
Augmented Payout Ratio	33.30%	49.68%	166.29%	-58.85%	-15.93%	-7.38%	-13.49%	-33.14%	104.50%	13.27%	11.09%

Key Financial Trends

Micron Technology (NASDAQ:MU) has shown significant improvement in its financial performance over the last four years leading up to Q2 2025. Here's a detailed analysis of key trends observed in the income statements, cash flow statements, and balance sheets:

Revenue Growth: Operating revenue increased from approximately $3.7 billion in Q2 2023 to over $8 billion in Q2 2025, demonstrating strong top-line growth.
Improved Profitability: Net income grew markedly from a loss of about $2.3 billion in Q2 2023 to a positive $1.58 billion in Q2 2025, evidencing a recovery and effective cost management.
Gross Profit Expansion: Gross profit increased from $1.08 billion in Q2 2023 to about $2.96 billion in Q2 2025, reflecting improved operational efficiency and margin expansion.
Increasing Operating Income: Operating income rose significantly from a loss in early 2023 to $1.77 billion in Q2 2025, showing enhanced operational leverage.
Strong Operating Cash Flow: Net cash from operating activities improved from $343 million in Q2 2023 to nearly $3.94 billion in Q2 2025, supporting company growth and financial stability.
Substantial Investments in Plant & Equipment: While property, plant, and equipment on the balance sheet are reported at zero (likely due to accounting presentation form), cash flow statements show continuing capital expenditures over $4 billion in Q2 2025, indicating ongoing capacity expansion or modernization.
Equity Growth: Total common equity rose from around $47.3 billion in Q2 2023 to about $48.6 billion by Q2 2025, indicating steadily growing shareholder value.
Stable Dividend Policy: Cash dividends per share remained consistent at approximately $0.115 per share over recent quarters, signaling stable shareholder returns amid growth phases.
Debt Levels and Financing Activities: Long-term debt increased from about $12 billion in early 2023 to over $13.85 billion in Q2 2025, indicating moderate debt financing, balanced by repayments and issuance activities to manage capital structure.
Volatility in Net Income and Losses Historically: Micron faced substantial losses in 2022 and early 2023, with net income turning negative over several quarters before rebounding; investors should consider industry cyclicality and market conditions likely impacting this.

Summary: Micron Technology has undergone a robust financial turnaround from losses in 2022-early 2023 to strong profitability and cash flow generation in 2024 and 2025. Revenue and gross profit growth alongside improving operating income highlights efficient execution in a competitive semiconductor sector. Their capital expenditures and moderate leverage suggest investments for future growth. Stable dividends reflect ongoing shareholder value focus. However, the historical volatility in earnings underlines the cyclical nature of the memory chip industry. Overall, Micron shows positive financial momentum and improving fundamentals that may provide a bullish outlook for investors with awareness of sector cyclicality.

08/05/25 03:07 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Micron Technology's Financials

When does Micron Technology's financial year end?

According to the most recent income statement we have on file, Micron Technology's fiscal year ends in August. Their fiscal year 2024 ended on August 29, 2024.

How has Micron Technology's net income changed over the last 9 years?

Micron Technology's net income appears to be on a downward trend, with a most recent value of $778 million in 2024, falling from $2.90 billion in 2015. The previous period was -$5.83 billion in 2023. Check out Micron Technology's forecast to explore projected trends and price targets.

What is Micron Technology's operating income?

Micron Technology's total operating income in 2024 was $1.30 billion, based on the following breakdown:

Total Gross Profit: $5.61 billion
Total Operating Expenses: $4.31 billion

How has Micron Technology's revenue changed over the last 9 years?

Over the last 9 years, Micron Technology's total revenue changed from $16.19 billion in 2015 to $25.11 billion in 2024, a change of 55.1%.

How much debt does Micron Technology have?

Micron Technology's total liabilities were at $24.29 billion at the end of 2024, a 20.6% increase from 2023, and a 123.7% increase since 2015.

How much cash does Micron Technology have?

In the past 9 years, Micron Technology's cash and equivalents has ranged from $2.29 billion in 2015 to $8.58 billion in 2023, and is currently $7.04 billion as of their latest financial filing in 2024.

How has Micron Technology's book value per share changed over the last 9 years?

Over the last 9 years, Micron Technology's book value per share changed from 11.35 in 2015 to 40.70 in 2024, a change of 258.5%.

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This page (NASDAQ:MU) was last updated on 8/5/2025 by MarketBeat.com Staff

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Micron Technology (MU) Financials

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Micron Technology (MU) Financials

Annual Income Statements for Micron Technology

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Annual Cash Flow Statements for Micron Technology

Quarterly Cash Flow Statements for Micron Technology

Annual Balance Sheets for Micron Technology

Quarterly Balance Sheets for Micron Technology

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Quarterly Metrics And Ratios for Micron Technology

Key Financial Trends

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