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How Micron Technology (MU) makes money: Q4 FY2026 revenue breakdown
US GAAP · $M · vs Q4 FY2025 · quarter ended 09/03/2026 (fiscal year is shifted) · reported 09/30/2026
Micron Technology, Inc. is an American multinational semiconductor company that manufactures computer memory and computer data storage products, including dynamic random-access memory (DRAM), flash memory, High Bandwidth Memory (HBM), and solid-state drives (SSDs). Founded in 1978 in Boise, Idaho, Micron is the only major American computer memory manufacturer. · Wikipedia
More about the company
It is one of the "Big Three" computer memory manufacturers, along with the South Korean companies Samsung Electronics and SK Hynix.
Key growth driver: Core Data Center BU — the fastest-growing revenue line: $18,002, +1042% y/y. · by the Q4 FY2026 report
How does Micron Technology make money?
Micron Technology brought in $54.2 billion of revenue in Q4 FY2026, up 379% year over year. The largest source was Core Data Center BU: $18.0 billion, or 33% of the total, followed by Cloud Memory BU ($16.3B, 30%) and Mobile and Client BU ($13.1B, 24%); other lines add the remaining 13%. Net income for the quarter was $37.7 billion, up 1078% year over year.
Revenue by source, Q4 FY2026
- Core Data Center BU$18.0B · 33% · +1042%
- Cloud Memory BU$16.3B · 30% · +258%
- Mobile and Client BU$13.1B · 24% · +249%
- Automotive and Embedded BU$6.82B · 13% · +376%
Shares of $54.2B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
When is MU’s next earnings date?
Wednesday, December 16, 2026estimated
Micron Technology (MU) has not announced the date yet.
How we estimate
Our estimate: Dec 16, 2026 — exactly 52 weeks after the same-quarter report a year ago (Dec 17, 2025, per its SEC filing). Companies usually keep the same week; the date will be replaced once MU confirms it.
What time does MU report? Usually after market close: the last 4 results releases reached the SEC at 4:02 pm, 4:02 pm, 4:02 pm, 4:03 pm ET.
Last report: Sep 30, 2026 (Q4 FY2026) — broken down in the Sankey chart below. Who else reports this week →
All figures in $M.
Revenue
$54,229
+379%
Gross profit
$47,047
+831%
86.8% margin
Operating income
$43,751
+1097%
80.7% margin
Net income
$37,701
+1078%
$32.87/sh · 69.5% margin
Verdict: Micron's fiscal Q4 2026 revenue rose 379.3% y/y to $54.23 billion, and GAAP net income grew to $37.70 billion, or $32.87 per diluted share, from $3.20 billion, or $2.83, a year earlier.
For fiscal Q1 2027, Micron guides to revenue of $61.5 billion ± $1.5 billion, a GAAP gross margin of approximately 85.95% and GAAP diluted EPS of $37.84 ± $1.00. Fiscal 2026 revenue was $133.19 billion versus $37.38 billion, with GAAP net income of $84.97 billion, or $74.33 per diluted share. The Board declared a quarterly dividend of $0.15 per share, payable October 29, 2026, and fiscal 2026 stock repurchases under the program totaled $650 million.
Source and notation
Source: Micron Technology press release, 8-K EX-99.1 of 09/30/2026 (SEC EDGAR). Every figure was checked against the release and a second independent extraction; business-unit revenue is from the release's segment table (units sum to $54,223M, $6M below total revenue).
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
Company reports
MU earnings history: past report dates
| Jun 24, 2026 Wed | 4:02 pmafter market close | May 28, 2026 | $41.5B+346% y/y | $24.67 |
| Mar 18, 2026 Wed | 4:02 pmafter market close | Feb 26, 2026 | $23.9B+196% y/y | $12.07+756% y/y |
| Dec 17, 2025 Wed | 4:03 pmafter market close | Nov 27, 2025 | $13.6B+57% y/y | $4.60+175% y/y |
| Sep 23, 2025 Tue | 4:02 pmafter market close | Aug 28, 2025 | ≈$11.3B+46% y/y | ≈$2.83+249% y/y |
| Jun 25, 2025 Wed | 4:03 pmafter market close | May 29, 2025 | $9.3B+37% y/y | $1.68+460% y/y |
| Mar 20, 2025 Thu | 4:00 pmafter market close | Feb 27, 2025 | $8.1B+38% y/y | $1.41+99% y/y |
| Dec 18, 2024 Wed | 4:00 pmafter market close | Nov 28, 2024 | $8.7B+84% y/y | $1.67 |
| Sep 25, 2024 Wed | 4:00 pmafter market close | Aug 29, 2024 | ≈$7.8B+93% y/y | ≈$0.81 |
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
Micron Technology: 5-year financials
| FY2025 | 37,378 | 9,770 | 8,539 | 1,668 | 522 |
| FY2024 | 25,111 | 1,304 | 778 | 121 | 513 |
| FY2023 | 15,540 | −5,745 | −5,833 | −6,117 | 504 |
| FY2022 | 30,758 | 9,702 | 8,687 | 3,114 | 461 |
| FY2021 | 27,705 | 6,283 | 5,861 | 2,438 | — |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP); the company’s fiscal year doesn’t match the calendar year so years follow the company’s own labels.
How we calculate
Figures are the annual report lines as filed, no adjustments. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing.
Corporate governance
2/2good
How the company treats minority shareholders: 2 — well, 0 — systematically poorly.
More
- Oct 202510-K FY2025: a single class registered — MU common stock. sec.gov ↗
- Jun 2026Per the 10-Q: the 2025 shareholder class action was dismissed by the court on February 3, 2026, and plaintiffs voluntarily dropped the case on April 3, 2026; derivative suits were dismissed. sec.gov ↗
- Aug 2025Diluted shares fell 0.5% over FY2020–FY2025; SBC was $0.97B, 2.6% of revenue (XBRL). data.sec.gov ↗
- Aug 2025Dividend of $0.46 per share in FY2023–FY2025, never cut. data.sec.gov ↗
Scoring: 2.0, no deductions: single share class, shares −0.5% over 5 years, SBC 2.6%, dividend never cut, 2025 class action ended with no payout
- Share classes
- Single class of common stock (10-K FY2025 cover).
- Dilution
- Diluted shares FY2020→FY2025 −0.5%, SBC 2.6% of revenue.
- Disclosure
- Full reporting, filed on time.
- Dividends
- Dividend introduced in 2021 and held at $0.46 a year since FY2023 — no formal growth promise, no cuts.
- Lawsuits & regulators
- The 2025 class action was dismissed by the court on February 3, 2026, and voluntarily dropped by plaintiffs on April 3, 2026; derivative suits were dismissed. The 2010 settlement ($42M, more than 10 years old) is below the $50M threshold.
- Related parties
- No material related-party transactions disclosed.
How the score works · checked as of Sep 2026
Micron Technology (MU) earnings: FAQ
How does Micron Technology make money?
Micron Technology brought in $54.2 billion of revenue in Q4 FY2026, up 379% year over year. The largest source was Core Data Center BU: $18.0 billion, or 33% of the total, followed by Cloud Memory BU ($16.3B, 30%) and Mobile and Client BU ($13.1B, 24%); other lines add the remaining 13%. Net income for the quarter was $37.7 billion, up 1078% year over year.
When is MU's next earnings date?
Micron Technology (MU) has not announced the date yet. Based on last year's schedule (report on Dec 17, 2025), the next report is expected around Dec 16, 2026.
What time does MU report earnings?
Micron Technology usually reports after market close: its latest results release was filed with the SEC at 4:02 pm ET on Sep 30, 2026.
When did MU last report earnings?
Micron Technology reported Q4 FY2026 results on Sep 30, 2026.
Where can I find Micron Technology's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to MU's filings; this page breaks the latest report down in a Sankey chart.
What was MU's net income in Q4 FY2026?
Micron Technology reported net income of $37,701M for Q4 FY2026 (+1078% year over year), under US GAAP.
Does Micron Technology pay dividends?
Yes. In fiscal 2025, Micron Technology paid $522M in dividends on its common stock, per its 10-K. Earlier years are in the five-year table above.
New to earnings reports? Start with how to read an earnings report.
How this page was made: the figures come from the company's own report on SEC EDGAR; the summary and nuances were drafted by our model from that report — two independent automated readings of the release had to match, and every number in the text was checked against it. Figures checked against the filing on 10/01/2026. How we make the breakdowns · Report an error
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