Micron Technology, Inc. (MU) Financials
Key financial figures for Micron Technology, Inc. (Q3 2026).
Micron reported record fiscal Q3 2026 revenue of $41.46 billion, up roughly 74% sequentially and 346% year over year, driven by AI-fueled memory demand. Revenue hit a record $41.46 billion, up from $23.86 billion in the prior quarter and $9.30 billion a year ago, as AI infrastructure demand pushed memory pricing and volumes sharply higher. GAAP gross margin expanded to 84.6% (84.9% non-GAAP), a dramatic jump from prior quarters, reflecting tight DRAM and NAND supply against surging demand. GAAP net income was $28.24 billion ($24.67 per diluted share); non-GAAP net income was $28.86 billion ($25.11 per diluted share). On the outlook: For Q4 FY2026, Micron guided to revenue of $50.0 billion plus or minus $1.0 billion, gross margin of approximately 86%, and diluted EPS of $30.73 plus or minus $1.00 on a GAAP basis ($31.00 plus or minus $1.00 non-GAAP), citing continued strength in AI-driven memory demand. Figures are for Q3 FY2026, as Micron Technology, Inc. reported them.
- Revenue
- $41.5B
- Net Income
- $28.2B
- EPS
- $25.03
- Total Assets
- $134.1B
- Operating Cash Flow
- $25.4B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $41.5B | $28.2B | $24.67 | 80.37% | $17.6B |
| Q2 FY2026 | $23.9B | $13.8B | $12.08 | 67.62% | $5.5B |
| Q1 FY2026 | $13.6B | $5.2B | $4.60 | 44.98% | $3.0B |
| Q4 FY2025 | $11.3B | $3.2B | $2.83 | 33.18% | $72M |
| Q3 FY2025 | $9.3B | $1.9B | $1.68 | 23.32% | $1.7B |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $37.4B | $8.5B | $7.59 | 26.41% | $1.7B |
| FY2024 | $25.1B | $778M | $0.70 | 5.19% | $121M |
| FY2023 | $15.5B | -$5.8B | -$5.34 | -36.97% | -$6.1B |
Frequently asked questions
What was Micron Technology, Inc.'s revenue last quarter?
Micron Technology, Inc. reported revenue of $41.46 billion for Q3 FY2026, up 345.7% from the same period a year earlier.
Is Micron Technology, Inc. profitable?
Yes. Micron Technology, Inc. reported net income of $28.24 billion for Q3 FY2026, a net margin of 68.13% on revenue.
How has Micron Technology, Inc.'s margin trended?
Operating margin was 80.37% in Q3 FY2026, compared with 23.32% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
When does Micron Technology, Inc. report next?
Micron Technology, Inc. is scheduled to report results on 2026-09-30. The company has confirmed that date.
Full income statement, balance sheet and cash flow for Micron Technology, Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.