MU financial statements

The full income statement, balance sheet, and cash-flow statement for Micron Technology Inc. (MU), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-05 1.11B2024-08 1.11B2024-11 1.11B2025-02 1.12B2025-05 1.12B2025-08 1.12B2025-11 1.13B2026-02 1.13B2026-05 1.13B+1.9% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Income Statement	as ofAug 28 ’25	as ofAug 29 ’24	as ofAug 31 ’23	as ofSep 1 ’22	as ofSep 2 ’21	as ofSep 3 ’20
Revenue	37.4B YoY+48.9%	25.1B YoY+61.6%	15.5B YoY-49.5%	30.8B YoY+11.0%	27.7B YoY+29.3%	21.4B YoY-8.4%
	14.9B YoY+165.0%	5.61B YoY+496.4%	-1.42B YoY-110.2%	13.9B YoY+33.3%	10.4B YoY+59.1%	6.55B YoY-38.8%
Cost of revenue	22.5B YoY+15.4%	19.5B YoY+15.0%	17.0B YoY+0.6%	16.9B YoY-2.4%	17.3B YoY+16.1%	14.9B YoY+17.2%
Research & development	3.80B YoY+10.7%	3.43B YoY+10.1%	3.11B YoY-0.1%	3.12B YoY+17.0%	2.66B YoY+2.4%	2.60B YoY+6.5%
Selling, general & administrative	1.21B YoY+6.7%	1.13B YoY+22.7%	920M YoY-13.7%	1.07B YoY+19.2%	894M YoY+1.5%	881M YoY+5.4%
Amortization of intangibles	71.0M YoY-13.4%	82.0M YoY-4.7%	86.0M YoY+1.2%	85.0M YoY+3.7%	82.0M YoY+5.1%	78.0M YoY-4.9%
Operating income	9.77B YoY+649.2%	1.30B YoY+122.7%	-5.75B YoY-159.2%	9.70B YoY+54.4%	6.28B YoY+109.2%	3.00B YoY-59.3%
Interest expense	477M YoY-15.1%	562M YoY+44.8%	388M YoY+105.3%	189M YoY+3.3%	183M YoY-5.7%	194M YoY+51.6%
Other non-operating income	-135M YoY-335.5%	-31.0M YoY-542.9%	7.00M YoY+118.4%	-38.0M YoY-146.9%	81.0M YoY+35.0%	60.0M YoY+114.8%
Equity-method income	9.00M YoY+181.8%	-11.0M YoY-650.0%	2.00M YoY-50.0%	4.00M YoY-89.2%	37.0M YoY+428.6%	7.00M YoY+133.3%
Pre-tax income	9.65B YoY+678.5%	1.24B YoY+121.9%	-5.66B YoY-159.1%	9.57B YoY+53.9%	6.22B YoY+108.4%	2.98B YoY-57.7%
Income tax	1.12B YoY+149.2%	451M YoY+154.8%	177M YoY-80.1%	888M YoY+125.4%	394M YoY+40.7%	280M YoY-59.6%
	8.54B YoY+997.6%	778M YoY+113.3%	-5.83B YoY-167.1%	8.69B YoY+48.2%	5.86B YoY+118.1%	2.69B YoY-57.4%
Net income to non-controlling interest	—	—	—	0.00	0.00 YoY-100.0%	23.0M YoY-48.9%
	$7.59 YoY+984.3%	$0.70 YoY+113.1%	-$5.34 YoY-168.9%	$7.75 YoY+50.8%	$5.14 YoY+116.9%	$2.37 YoY-57.0%
EPS (basic)	$7.65 YoY+992.9%	$0.70 YoY+113.1%	-$5.34 YoY-168.4%	$7.81 YoY+49.3%	$5.23 YoY+116.1%	$2.42 YoY-57.3%
	1.12B YoY+1.0%	1.10B YoY+1.1%	1.09B YoY-1.7%	1.11B YoY-0.7%	1.12B YoY+0.9%	1.11B YoY-0.4%
	1.13B YoY+0.6%	1.12B YoY+2.3%	1.09B YoY-2.6%	1.12B YoY-1.7%	1.14B YoY+0.9%	1.13B YoY-1.0%
Dividends per share	$0.46 YoY+0.0%	$0.46 YoY+0.0%	$0.46 YoY+46.0%	$0.32 YoY+215.0%	$0.10	—
Balance Sheet	as ofAug 28 ’25	as ofAug 29 ’24	as ofAug 31 ’23	as ofSep 1 ’22	as ofSep 2 ’21	as ofSep 3 ’20
	28.8B YoY+18.3%	24.4B YoY+14.7%	21.2B YoY-2.5%	21.8B YoY+9.4%	19.9B YoY+10.8%	18.0B YoY+8.9%
Cash & equivalents	9.64B YoY+36.9%	7.04B YoY-17.9%	8.58B YoY+3.8%	8.26B YoY+6.4%	7.76B YoY+1.8%	7.62B YoY+6.6%
Accounts receivable	7.16B YoY+32.2%	5.42B YoY+164.6%	2.05B YoY-57.0%	4.76B YoY-3.2%	4.92B YoY+40.8%	3.49B YoY+25.8%
Inventory	8.36B YoY-5.9%	8.88B YoY+5.8%	8.39B YoY+25.9%	6.66B YoY+48.5%	4.49B YoY-16.5%	5.37B YoY+5.0%
Other current assets	914M YoY+17.8%	776M YoY-5.4%	820M YoY+24.8%	657M YoY+30.9%	502M YoY-6.7%	538M YoY+128.9%
	82.8B YoY+19.3%	69.4B YoY+8.0%	64.3B YoY-3.1%	66.3B YoY+12.6%	58.8B YoY+9.6%	53.7B YoY+9.8%
Operating lease right-of-use	736M YoY+14.1%	645M YoY-3.2%	666M YoY-1.8%	678M YoY+23.0%	551M YoY-5.7%	584M YoY+3.0%
Goodwill	1.15B YoY+0.0%	1.15B YoY+0.0%	1.15B YoY-6.4%	1.23B YoY+0.0%	1.23B YoY+0.0%	1.23B YoY+0.0%
Intangible assets	453M YoY+8.9%	416M YoY+3.0%	404M YoY-4.0%	421M YoY+20.6%	349M YoY+4.5%	334M YoY-1.8%
Deferred tax assets	616M YoY+18.5%	520M YoY-31.2%	756M YoY+7.7%	702M YoY-10.2%	782M YoY+10.6%	707M YoY-15.5%
Other non-current assets	2.78B YoY+83.3%	1.52B YoY+20.3%	1.26B YoY-1.2%	1.28B YoY+21.2%	1.05B YoY+35.0%	781M YoY+35.8%
	11.5B YoY+23.9%	9.25B YoY+94.1%	4.76B YoY-36.8%	7.54B YoY+17.4%	6.42B YoY-3.2%	6.63B YoY+3.8%
Accounts payable	3.13B YoY+14.9%	2.73B YoY+58.0%	1.73B YoY-19.5%	2.14B YoY+22.8%	1.74B YoY-20.4%	2.19B YoY+30.6%
Accrued liabilities	9.65B YoY+32.2%	7.30B YoY+84.4%	3.96B YoY-35.0%	6.09B YoY+14.4%	5.33B YoY-8.5%	5.82B YoY+25.7%
Deferred revenue	26.0M YoY-96.6%	766M	—	—	74.0M	—
Short-term & current debt	560M YoY+29.9%	431M YoY+55.0%	278M YoY+169.9%	103M YoY-33.5%	155M YoY-42.6%	270M YoY-79.4%
Current lease liability	74.0M YoY+4.2%	71.0M YoY+7.6%	66.0M YoY+10.0%	60.0M YoY+9.1%	55.0M YoY+1.9%	54.0M
Other current liabilities	1.25B YoY-18.0%	1.52B YoY+187.0%	529M YoY-60.7%	1.35B YoY+42.6%	944M YoY+72.3%	548M YoY+20.7%
Finance lease liability (current)	560M YoY+72.3%	325M YoY+89.0%	172M YoY+67.0%	103M YoY-33.5%	155M YoY+103.9%	76.0M YoY-65.9%
	28.6B YoY+17.9%	24.3B YoY+20.6%	20.1B YoY+22.9%	16.4B YoY+9.8%	14.9B YoY+1.6%	14.7B YoY+22.2%
Long-term debt	11.5B YoY+1.7%	11.3B YoY-5.9%	12.0B YoY+100.1%	6.02B YoY+0.9%	5.97B YoY-3.1%	6.16B YoY+35.6%
Non-current lease liability	701M YoY+14.9%	610M YoY+1.2%	603M YoY-1.1%	610M YoY+21.0%	504M YoY-5.4%	533M
Operating lease liability (total)	775M YoY+13.8%	681M YoY+1.8%	669M YoY-0.1%	670M YoY+19.9%	559M YoY-4.8%	587M
Finance lease liability (total)	3.04B YoY+48.2%	2.05B YoY+60.3%	1.28B YoY+44.6%	886M YoY+10.2%	804M YoY+65.4%	486M YoY-17.8%
Finance lease liability	2.48B YoY+43.7%	1.73B YoY+55.9%	1.11B YoY+41.6%	783M YoY+20.6%	649M YoY+58.3%	410M YoY+11.4%
Deferred tax liabilities	52.0M YoY-11.9%	59.0M YoY-49.6%	117M YoY+800.0%	13.0M YoY+30.0%	10.0M YoY+11.1%	9.00M YoY+125.0%
Other non-current liabilities	1.44B YoY+58.4%	911M YoY-7.7%	987M YoY+18.2%	835M YoY+49.4%	559M YoY+12.2%	498M YoY+10.2%
	54.2B YoY+20.0%	45.1B YoY+2.3%	44.1B YoY-11.6%	49.9B YoY+13.6%	43.9B YoY+12.7%	39.0B YoY+8.7%
Common stock	127M YoY+1.6%	125M YoY+0.8%	124M YoY+0.8%	123M YoY+0.8%	122M YoY+2.5%	119M YoY+0.8%
Additional paid-in capital	13.3B YoY+10.1%	12.1B YoY+9.8%	11.0B YoY+8.2%	10.2B YoY+7.9%	9.45B YoY+6.0%	8.92B YoY+8.6%
Retained earnings	48.6B YoY+18.9%	40.9B YoY+0.1%	40.8B YoY-13.6%	47.3B YoY+21.1%	39.1B YoY+17.0%	33.4B YoY+8.5%
Treasury stock	7.85B YoY+0.0%	7.85B YoY+4.0%	7.55B YoY+6.0%	7.13B YoY+51.8%	4.70B YoY+34.3%	3.50B YoY+8.5%
Accumulated other comprehensive income	-32.0M YoY+76.1%	-134M YoY+57.1%	-312M YoY+44.3%	-560M YoY-28100.0%	2.00M YoY-97.2%	71.0M YoY+688.9%
Non-controlling interest	—	—	—	—	—	0.00 YoY-100.0%
Total equity incl. non-controlling	—	—	—	—	43.9B YoY+12.7%	39.0B YoY+6.1%
Total liabilities & equity	82.8B YoY+19.3%	69.4B YoY+8.0%	64.3B YoY-3.1%	66.3B YoY+12.6%	58.8B YoY+9.6%	53.7B YoY+9.8%
	1.27B YoY+1.0%	1.25B YoY+1.1%	1.24B YoY+1.1%	1.23B YoY+0.8%	1.22B YoY+1.8%	1.19B YoY+1.0%
	1.12B YoY+1.2%	1.11B YoY+1.0%	1.10B YoY+0.4%	1.09B YoY-2.2%	1.12B YoY+0.5%	1.11B YoY+0.6%
	1.12B YoY+1.2%	1.11B YoY+1.0%	1.10B YoY+1.0%	1.09B YoY-2.8%	1.12B YoY+0.5%	1.11B YoY+0.6%
Cash Flow	as ofAug 28 ’25	as ofAug 29 ’24	as ofAug 31 ’23	as ofSep 1 ’22	as ofSep 2 ’21	as ofSep 3 ’20
	17.5B YoY+106.0%	8.51B YoY+445.7%	1.56B YoY-89.7%	15.2B YoY+21.8%	12.5B YoY+50.1%	8.31B YoY-37.0%
Depreciation & amortization	8.35B YoY+7.4%	7.78B YoY+0.3%	7.76B YoY+9.0%	7.12B YoY+14.5%	6.21B YoY+10.0%	5.65B YoY+4.2%
Intangible amortization	71.0M YoY-13.4%	82.0M YoY-4.7%	86.0M YoY+1.2%	85.0M YoY+3.7%	82.0M YoY+5.1%	78.0M YoY-4.9%
Share-based compensation	972M YoY+16.7%	833M YoY+39.8%	596M YoY+16.0%	514M YoY+36.0%	378M YoY+15.2%	328M YoY+35.0%
Deferred income taxes	164M YoY+368.6%	35.0M YoY+600.0%	-7.00M YoY-102.4%	294M YoY+1647.4%	-19.0M YoY-117.3%	110M YoY-67.3%
Change in inventory	-520M YoY-206.6%	488M YoY-86.3%	3.56B YoY+63.1%	2.18B YoY+351.6%	-866M YoY-299.1%	435M YoY-70.8%
Other operating activities	328M YoY+16.7%	281M YoY+1378.9%	19.0M YoY-84.0%	119M YoY+270.0%	-70.0M YoY-237.3%	51.0M YoY+150.0%
	-14.1B YoY-69.5%	-8.31B YoY-34.2%	-6.19B YoY+46.6%	-11.6B YoY-9.4%	-10.6B YoY-39.5%	-7.59B YoY+24.7%
Capital expenditure	15.9B YoY+89.1%	8.39B YoY+9.2%	7.68B YoY-36.4%	12.1B YoY+20.3%	10.0B YoY+22.0%	8.22B YoY-15.9%
Free cash flow	1.67B YoY+1278.5%	121M YoY+102.0%	-6.12B YoY-296.4%	3.11B YoY+27.7%	2.44B YoY+2837.3%	83.0M YoY-97.6%
Acquisitions	0.00	0.00	0.00	0.00	0.00	0.00
Sales/maturities of investments	—	—	1.57B YoY+18.5%	1.32B YoY+5.7%	1.25B YoY+53.6%	814M YoY-47.2%
Other investing activities	43.0M YoY+30.3%	33.0M YoY-64.5%	93.0M YoY-74.6%	366M YoY+12300.0%	-3.00M YoY-107.0%	43.0M YoY+135.8%
	-850M YoY+53.9%	-1.84B YoY-137.0%	4.98B YoY+267.2%	-2.98B YoY-67.3%	-1.78B YoY-461.8%	-317M YoY+87.0%
Long-term debt issued	4.43B YoY+343.4%	999M YoY-85.1%	6.72B YoY+235.8%	2.00B YoY+68.4%	1.19B YoY-76.2%	5.00B YoY+40.8%
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00	0.00
Common stock issued	0.00	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	0.00 YoY-100.0%	300M YoY-29.4%	425M YoY-82.5%	2.43B YoY+102.7%	1.20B YoY+581.8%	176M YoY-93.6%
Dividends paid	522M YoY+1.8%	513M YoY+1.8%	504M YoY+9.3%	461M	0.00	0.00
Other financing activities	-139M YoY-872.2%	18.0M YoY-81.1%	95.0M YoY+10.5%	86.0M YoY+87.0%	46.0M YoY-57.0%	107M YoY-31.4%
FX effect on cash	6.00M YoY-85.0%	40.0M YoY+217.6%	-34.0M YoY+67.9%	-106M YoY-358.5%	41.0M YoY+272.7%	11.0M YoY-57.7%
Net change in cash	2.59B YoY+261.7%	-1.60B YoY-606.0%	317M YoY-37.8%	510M YoY+266.9%	139M YoY-66.2%	411M YoY-40.6%
Interest paid	418M YoY-16.9%	503M YoY+55.7%	323M YoY+109.7%	154M YoY-9.9%	171M YoY+3.6%	165M YoY+211.3%
Income taxes paid	583M YoY+72.5%	338M YoY-36.5%	532M YoY+7.9%	493M YoY+36.6%	361M YoY+116.2%	167M YoY-68.1%
Valuation Ratios	as ofAug 28 ’25	as ofAug 29 ’24	as ofAug 31 ’23	as ofSep 1 ’22	as ofSep 2 ’21	as ofSep 3 ’20
Market cap	137B YoY+29.2%	106B YoY+38.0%	76.8B YoY+23.3%	62.3B YoY-24.7%	82.8B YoY+60.5%	51.6B YoY+4.3%
P/E	16.0× YoY-88.2%	136.2×	—	7.2× YoY-49.2%	14.1× YoY-26.4%	19.2× YoY+145.0%
P/S	3.7× YoY-13.2%	4.2× YoY-14.6%	4.9× YoY+144.0%	2.0× YoY-32.2%	3.0× YoY+24.2%	2.4× YoY+13.9%
P/B	2.5× YoY+7.7%	2.3× YoY+34.9%	1.7× YoY+39.4%	1.2× YoY-33.7%	1.9× YoY+42.4%	1.3× YoY-4.0%
P/FCF	82.1× YoY-90.6%	875.7×	—	20.0× YoY-41.1%	33.9× YoY-94.5%	621.4× YoY+4183.6%
	6.2% YoY+749.3%	0.73%	—	13.9% YoY+96.9%	7.1% YoY+35.9%	5.2% YoY-59.2%
	1.2% YoY+966.7%	0.11%	—	5.0% YoY+69.7%	2.9% YoY+1730.4%	0.16% YoY-97.7%
	0.38% YoY-21.7%	0.48% YoY-26.8%	0.66% YoY+19.7%	0.55% YoY+306.7%	0.14%	—
Source filing	10-K	10-K	10-K	10-K	10-K	10-K

About this data

Source: MU's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MU filings on SEC EDGAR → Not investment advice.