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Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Japan, Mainland China, Hong Kong, Europe, and internationally. It operates through the Cloud Memory Business Unit; Core Data Center Business Unit; Mobile and Client Business Unit; and Automotive and Embedded Business Unit segments. The company provides memory products, including dynamic random access memory components and modules, CXL-based memory, LPDDR components and modules, graphics memory, high-bandwidth memory, and data center memory products; multichip packages (MCP) comprising embedded multimedia card-based, universal flash storage-based, and NAND-based MCPs; and technology leadership products that include 1y DRAM and G9 NAND technologies. It also offers storage products, such as data center solid-state drives (SSD), client SSD storage, and auto and industrial SSD storage; managed NAND; NAND flash; NOR flash; and memory cards. In addition, the company provides design tools, including FBGA and part decoders; DRAM power calculators; NAND power calculators; simulation models; chipset compatibility guides; serial presence-detection tools; cross-reference tools; UFSparm; SSD firmware; software and drivers; storage executive software; and obsolete part catalogs. It markets its semiconductor memory and storage products under the Micron and Crucial brands. The company serves the data center, PC, graphics, networking, automotive, industrial, and consumer embedded markets, as well as the smartphone and other mobile-device markets. It sells its products through its direct sales force, independent sales representatives, distributors, and retailers; web-based customer direct sales channel; and channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $37.4B | $18.5B | $8.5B | $1.7B | 15.8% | 48.9% | 997.6% |
| 2024 | $25.1B | $9.6B | $778M | $121M | 1.7% | 61.6% | -113.3% |
| 2023 | $15.5B | $2.5B | $-5.8B | $-6.1B | -13.2% | -49.5% | -167.1% |
| 2022 | $30.8B | $16.9B | $8.7B | $3.1B | 17.4% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 30,758 | 15,540 | 25,111 | 37,378 |
| Operating Revenue | - | 30,758 | 15,540 | 25,111 | 37,378 |
| Cost Of Revenue | - | 16,860 | 16,956 | 19,498 | 22,505 |
| Gross Profit | - | 13,898 | -1,416 | 5,613 | 14,873 |
| Operating Expense | - | 4,189 | 3,989 | 4,308 | 5,064 |
| Research And Development | - | 3,116 | 3,114 | 3,430 | 3,798 |
| Selling General And Administration | - | 1,066 | 920 | 1,129 | 1,205 |
| Total Expenses | - | 21,049 | 20,945 | 23,806 | 27,569 |
| Operating Income | - | 9,709 | -5,405 | 1,305 | 9,809 |
| Total Operating Income As Reported | - | 9,702 | -5,745 | 1,304 | 9,770 |
| EBITDA | - | 16,876 | 2,486 | 9,582 | 18,483 |
| Normalized EBITDA | - | 16,940 | 2,816 | 9,597 | 18,653 |
| EBIT | - | 9,760 | -5,270 | 1,802 | 10,131 |
| Interest Income | - | 96 | 468 | 529 | 496 |
| Interest Expense | - | 189 | 388 | 562 | 477 |
| Net Interest Income | - | -93 | 80 | -33 | 19 |
| Other Non Operating Income Expenses | - | 19 | -3 | -17 | -4 |
| Other Income Expense | - | -45 | -333 | -32 | -174 |
| Interest Income Non Operating | - | 96 | 468 | 529 | 496 |
| Interest Expense Non Operating | - | 189 | 388 | 562 | 477 |
| Net Non Operating Interest Income Expense | - | -93 | 80 | -33 | 19 |
| Pretax Income | - | 9,571 | -5,658 | 1,240 | 9,654 |
| Tax Provision | - | 888 | 177 | 451 | 1,124 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -5.95 | -69.30 | -5.46 | -19.72 |
| Net Income Continuous Operations | - | 8,687 | -5,833 | 778 | 8,539 |
| Net Income From Continuing And Discontinued Operation | - | 8,687 | -5,833 | 778 | 8,539 |
| Net Income From Continuing Operation Net Minority Interest | - | 8,687 | -5,833 | 778 | 8,539 |
| Net Income | - | 8,687 | -5,833 | 778 | 8,539 |
| Net Income Common Stockholders | - | 8,687 | -5,833 | 778 | 8,539 |
| Net Income Including Noncontrolling Interests | - | 8,687 | -5,833 | 778 | 8,539 |
| Normalized Income | - | 8,745.05 | -5,572.30 | 787.54 | 8,689.28 |
| Diluted NI Availto Com Stockholders | - | 8,687 | -5,833 | 778 | 8,539 |
| Basic Average Shares | - | 1,112 | 1,093 | 1,105 | 1,116 |
| Diluted Average Shares | - | 1,122 | 1,093 | 1,118 | 1,125 |
| Reconciled Depreciation | - | 7,116 | 7,756 | 7,780 | 8,352 |
| Reconciled Cost Of Revenue | - | 16,860 | 16,956 | 19,498 | 22,505 |
| Total Unusual Items | - | -64 | -330 | -15 | -170 |
| Total Unusual Items Excluding Goodwill | - | -64 | -330 | -15 | -170 |
| Minority Interests | 0 | 0 | - | - | - |
| Earnings From Equity Interest Net Of Tax | - | 4 | 2 | -11 | 9 |
| Special Income Charges | - | -90 | -340 | -2 | -98 |
| Other Special Charges | 1 | 83 | 68 | - | 59 |
| Write Off | - | 63 | 14 | 0 | 9 |
| Impairment Of Capital Assets | - | 0 | 101 | 0 | 0 |
| Restructuring And Mergern Acquisition | - | -15 | 157 | 1 | 30 |
| Gain On Sale Of Security | 82 | 26 | 10 | - | -72 |
| Gain On Sale Of Ppe | 24 | 41 | 54 | 59 | - |
| Other Operating Expenses | - | 7 | -45 | -251 | 61 |
| Average Dilution Earnings | 0 | 0 | - | - | - |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Micron Technology, Inc.this co. | MU | $1.1T | 131.54↑ premium | 20.74 | 15.8% | 61.08 |
| Advanced Micro Devices, Inc. | AMD | $853.1B | 196.80 | 13.54 | 6.9% | 117.04 |
| Oracle Corporation | ORCL | $679.7B | 54.63 | 33.24 | 60.8% | 32.33 |
| ASML Holding N.V. | ASML | $677.4B | 70.49 | 34.54 | 49.0% | 53.29 |
| Intel Corporation | INTC | $561.8B |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 4.92 |
| -0.2% |
| 39.78 |
| Cisco Systems, Inc. | CSCO | $512.4B | 50.33 | 10.94 | 21.7% | 33.82 |
| Lam Research Corporation | LRCX | $420.7B | 78.52 | 42.66 | 54.3% | 64.21 |
| Arm Holdings plc | ARM | $420.2B | 464.85 | 50.72 | 10.9% | 361.22 |
| Applied Materials, Inc. | AMAT | $398.3B | 56.92 | 19.51 | 34.3% | 39.91 |
| Peer Median | - | 70.49 | 26.37 | 28.0% | 46.60 | |