NASDAQ: MU
MICRON TECHNOLOGY INCCIK 0000723125 · Information Technology · SIC 3674 · Semiconductors
Each report below shows a 3-bullet preview. Free accounts read 3 full reports a month — narrative summary, section diffs, and EDGAR-cited quotes.
Sign up freeWant to see a complete report first? Today's free report (NAVI 10-Q) is open in full — no account needed.
Micron Q3 FY26: Revenue +346% YoY on 52-vs-53-week calendar; $8.5B debt retired, YMTC sues globally
5 material changes detected. Sign up free to read the summary.
Micron reports record Q3 revenue of $41.5B, up 346% YoY on AI memory demand
5 material changes detected. Sign up free to read the summary.
Partner
Trade MU commission-free
Open an account, get a free stock.
Investing involves risk. Free stock terms apply.
Micron appoints Alexis Black Björlin as independent director to Board
3 material changes detected. Sign up free to read the summary.
Micron retires $4.3B of senior notes via tender offers at 4.8%-8.0% premiums
3 material changes detected. Sign up free to read the summary.
Micron launches tender offers to repurchase all outstanding senior notes across six series
2 material changes detected. Sign up free to read the summary.
Summary not yet generated.
Micron reports Q2 fiscal 2026 earnings for quarter ended February 26, 2026
2 material changes detected. Sign up free to read the summary.
Micron stockholders approve officer liability protections, reducing legal risk for executives
5 material changes detected. Sign up free to read the summary.
Summary not yet generated.
Summary not yet generated.
Latest financial statements
From 10-Q filed Jun 25, 2026 (period ending May 28, 2026). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Q3 ended May 28, 2026 | Q3 ended May 29, 2025 |
|---|---|---|
| Revenue: | ||
| Total revenue / net sales | 41,456 | 9,301 |
| Cost of revenue / cost of sales | 6,400 | 5,793 |
| Gross profit | 35,056 | 3,508 |
| Operating expenses: | ||
| Research and development | 1,316 | 965.0 |
| Selling, general and administrative | 407.0 | 318.0 |
| Other operating expenses, net | 15.0 | 56.0 |
| Operating income | 33,318 | 2,169 |
| Interest expense | — | 123.0 |
| Other income/(expense), net | (321.0) | (68.0) |
| Income before income taxes | 33,212 | 2,113 |
| Income tax expense/(benefit) | 4,978 | 235.0 |
| Net income | 28,243 | 1,885 |
| Basic earnings per share | 25.03 | 1.69 |
| Diluted earnings per share | 24.67 | 1.68 |
Consolidated Balance Sheets (Unaudited)
| Description | May 28, 2026 | May 29, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | 24,995 | 10,163 |
| Short-term investments | 1,027 | 648.0 |
| Accounts receivable, net | 26,894 | 5,492 |
| Other receivables, net | 206.0 | 210.0 |
| Inventories | 621.0 | 1,223 |
| Prepaid expenses and other current assets | 1,123 | 945.0 |
| Other current assets | 11,871 | 9,238 |
| Total current assets | 66,737 | 27,919 |
| Operating lease right-of-use assets, net | 683.0 | 628.0 |
| Finite-lived intangible assets, net | 426.0 | |
| Identifiable intangible assets, net | 473.0 | 426.0 |
| Goodwill | 1,150 | 1,150 |
| Deferred income taxes and other assets | 700.0 | 483.0 |
| Other long-term assets | 64,369 | 47,365 |
| TOTAL ASSETS | 134,112 | 78,397 |
| Current liabilities: | ||
| Current portion of long-term debt | 582.0 | 538.0 |
| Current portion of operating lease liabilities | 72.0 | |
| Accrued liabilities | 3,385 | 836.0 |
| Income taxes payable | 2,795 | 397.0 |
| Deferred revenue, current | 3.0 | |
| Other current liabilities | 12,726 | 8,289 |
| Total current liabilities | 19,488 | 10,135 |
| Long-term debt | 5,140 | 15,003 |
| Operating lease liabilities | 654.0 | 600.0 |
| Deferred income taxes and other liabilities | 7,086 | 1,308 |
| Other long-term liabilities | 1,020 | 603.0 |
| Total liabilities | 33,388 | 27,649 |
| Shareholders' equity: | ||
| Common stock | 128.0 | 126.0 |
| Capital in excess of stated value | 14,442 | 12,960 |
| Accumulated other comprehensive income (loss) | (26.0) | (45.0) |
| Retained earnings (deficit) | 94,682 | 45,559 |
| Treasury stock | 8,502 | 7,852 |
| Total shareholders' equity | 100,724 | 50,748 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 134,112 | 78,397 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Nine months ended May 28, 2026 | Nine months ended May 29, 2025 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | 45,702 | 11,795 |
| Investing Activities: | ||
| Net cash from investing activities | (19,688) | (8,889) |
| Financing Activities: | ||
| Net cash from financing activities | (10,646) | 214.0 |
| Net increase/(decrease) in cash | 15,376 | 3,117 |
Amounts in millions USD; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗