MU: the annual earnings and cash-flow comparison
A two-period review of MU revenue, profitability and cash conversion; reported revenue growth was 48.85%.
Data through 2025-08-28
MU / Technology
Semiconductors & Related Devices
MICRON TECHNOLOGY INC is an SEC-reporting issuer listed on NASDAQ under MU. Its SEC industry description is Semiconductors & Related Devices. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications.
Product cycles, recurring software revenue and infrastructure investment shape this broad group. Hardware and software businesses have different cost structures.
Segment-level revenue is not included in this standardized dataset. Consult the business and segment notes in the linked annual filing for the issuer’s actual reporting segments.
Annual reporting currency: USD. Financial amounts are in millions, except per-share figures and ratios.
| Metric | 2025-08-28 | 2024-08-29 | Source filed |
|---|---|---|---|
| Revenue | USD 37,378m | USD 25,111m | 2025-10-03 |
| Operating income | USD 9,770m | USD 1,304m | 2025-10-03 |
| Net income | USD 8,539m | USD 778m | 2025-10-03 |
| Diluted EPS | USD 7.59 | USD 0.70 | 2025-10-03 |
| Operating cash flow | USD 17,525m | USD 8,507m | 2025-10-03 |
| Capital expenditure | USD 15,857m | USD 8,386m | 2025-10-03 |
| Free cash flow | USD 1,668m | USD 121m | 2025-10-03 |
| Gross margin | 39.79% | 22.35% | 2025-10-03 |
| Operating margin | 26.14% | 5.19% | 2025-10-03 |
FCF = operating cash flow − purchases of property, plant and equipment. Missing tags remain unavailable. Standardized cash-flow comparisons are particularly limited for financial businesses.
{
"revenue": {
"start": "2024-08-30",
"end": "2025-08-28",
"val": 37378000000,
"accn": "0000723125-25-000028",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2025-10-03",
"frame": "CY2025",
"tag": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
"unit": "USD"
},
"netIncome": {
"start": "2024-08-30",
"end": "2025-08-28",
"val": 8539000000,
"accn": "0000723125-25-000028",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2025-10-03",
"frame": "CY2025",
"tag": "us-gaap:NetIncomeLoss",
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},
"grossProfit": {
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"end": "2025-08-28",
"val": 14873000000,
"accn": "0000723125-25-000028",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2025-10-03",
"frame": "CY2025",
"tag": "us-gaap:GrossProfit",
"unit": "USD"
},
"operatingIncome": {
"start": "2024-08-30",
"end": "2025-08-28",
"val": 9770000000,
"accn": "0000723125-25-000028",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2025-10-03",
"frame": "CY2025",
"tag": "us-gaap:OperatingIncomeLoss",
"unit": "USD"
},
"eps": {
"start": "2024-08-30",
"end": "2025-08-28",
"val": 7.59,
"accn": "0000723125-25-000028",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2025-10-03",
"frame": "CY2025",
"tag": "us-gaap:EarningsPerShareDiluted",
"unit": "USD/shares"
},
"operatingCashFlow": {
"start": "2024-08-30",
"end": "2025-08-28",
"val": 17525000000,
"accn": "0000723125-25-000028",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2025-10-03",
"frame": "CY2025",
"tag": "us-gaap:NetCashProvidedByUsedInOperatingActivities",
"unit": "USD"
},
"capex": {
"start": "2024-08-30",
"end": "2025-08-28",
"val": 15857000000,
"accn": "0000723125-25-000028",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2025-10-03",
"frame": "CY2025",
"tag": "us-gaap:PaymentsToAcquirePropertyPlantAndEquipment",
"unit": "USD"
},
"totalAssets": {
"end": "2025-08-28",
"val": 82798000000,
"accn": "0000723125-25-000028",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2025-10-03",
"tag": "us-gaap:Assets",
"unit": "USD"
},
"totalLiabilities": {
"end": "2025-08-28",
"val": 28633000000,
"accn": "0000723125-25-000028",
"fy": 2025,
"fp": "FY",
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"tag": "us-gaap:Liabilities",
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},
"shareholdersEquity": {
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"val": 54165000000,
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"fy": 2025,
"fp": "FY",
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"tag": "us-gaap:StockholdersEquity",
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},
"currentAssets": {
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"fp": "FY",
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"tag": "us-gaap:AssetsCurrent",
"unit": "USD"
},
"currentLiabilities": {
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"val": 11454000000,
"accn": "0000723125-25-000028",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2025-10-03",
"tag": "us-gaap:LiabilitiesCurrent",
"unit": "USD"
}
}Reported fiscal periods, not a live price chart.
Interactive chart loads in the browser. The full annual values are available below.
| Period end | Revenue | Net income | EPS |
|---|---|---|---|
| 2025-08-28 | USD 37,378m | USD 8,539m | USD 7.59 |
| 2024-08-29 | USD 25,111m | USD 778m | USD 0.70 |
| 2023-08-31 | USD 15,540m | USD -5,833m | USD -5.34 |
| 2022-09-01 | USD 30,758m | USD 8,687m | USD 7.75 |
This release does not quote price-based multiples because it does not include synchronized market prices. A financial denominator must be paired with a clearly dated market value.
| Measure | Interpretation |
|---|---|
| P/E | Price divided by EPS; identify annual, trailing or forward basis. |
| P/S & P/B | Market capitalization divided by sales or book equity. |
| EV / EBITDA | Enterprise value and EBITDA need consistent definitions. |
| FCF yield | Free cash flow divided by dated market capitalization. |
A sector median is descriptive, not a fair-value estimate. Explore sector context ↗
MU filed this 10-K on 2025-10-03 for the reported period 2025-08-28. Reading focus: Revenue mix, research spending, inventory and cash conversion. This is a metadata-based reading guide; it does not assert that a particular event or risk change occurred in the document.
Read SEC original ↗A two-period review of MU revenue, profitability and cash conversion; reported revenue growth was 48.85%.
Annual revenue of USD 37.378 billion and net income of USD 8.539 billion for the period ended 2025-08-28.
Customer concentration, product transitions, export restrictions and the durability of capital spending.
Revenue mix, research spending, inventory and cash conversion.