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Micron

NASDAQ: MU · USD

Micron margins

Profitability and cash generation as a share of revenue.

Gross margin

%

84.56%
Dec 3, 2009 through May 28, 2026

Operating margin

%

80.37%

Net margin

%

68.13%

EBITDA margin

%

86.07%

Operating cash flow margin

%

61.24%

Free cash flow margin

%

42.36%

Capex / revenue

%

18.88%

SBC / revenue

%

0.86%

Quarterly data

Micron margins history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal periodEndedGross margin%Operating margin%Net margin%EBITDA margin%Operating cash flow margin%Free cash flow margin%Capex / revenue%SBC / revenue%
FY 2026 Q3May 28, 202684.56%80.37%68.13%86.07%61.24%42.36%18.88%0.86%
FY 2026 Q2Feb 26, 202674.41%67.62%57.77%77.2%49.89%23.12%26.77%1.3%
FY 2026 Q1Nov 27, 202556.04%44.98%38.41%61.19%61.65%22.15%39.5%2.13%
FY 2025 Q4Aug 28, 202544.67%32.29%28.29%51.29%50.64%0.64%50%2.21%
FY 2025 Q3May 29, 202537.72%23.32%20.27%45.83%49.55%17.97%31.59%2.72%
FY 2025 Q2Feb 27, 202536.79%22.02%19.66%47.83%48.95%-1.4%50.35%3.09%
FY 2025 Q1Nov 28, 202438.44%24.96%21.47%48.27%37.25%0.44%36.81%2.53%
FY 2024 Q4Aug 29, 202435.32%19.64%11.45%45.26%43.94%3.68%40.26%2.75%
FY 2024 Q3May 30, 202426.9%10.56%4.87%39.26%36.44%5.81%30.63%3.22%
FY 2024 Q2Feb 29, 202418.53%3.28%13.62%36.32%20.93%-2.83%23.76%3.66%
FY 2024 Q1Nov 30, 2023-0.74%-23.87%-26.11%16.65%29.64%-8.36%38%3.98%
FY 2023 Q4Aug 31, 2023-10.85%-36.71%-35.66%11.6%6.21%-30.22%36.43%3.69%
FY 2023 Q3Jun 1, 2023-17.8%-46.93%-50.53%5.2%0.64%-40.96%41.6%3.86%
FY 2023 Q2Mar 2, 2023-32.66%-62.36%-62.6%-9.78%9.29%-50.42%59.71%4.25%
FY 2023 Q1Dec 1, 202221.86%-5.12%-4.77%41.91%23.08%-36.87%59.95%3.57%
FY 2022 Q4Sep 1, 202239.47%22.9%22.46%51.23%56.86%2.47%54.39%2.05%
FY 2022 Q3Jun 2, 202246.69%34.76%30.39%55.83%44.41%14.58%29.83%1.52%
FY 2022 Q2Mar 3, 202247.21%32.7%29.06%55.07%46.6%13.06%33.53%1.66%
FY 2022 Q1Dec 2, 202146.38%34.23%30%55.96%51.23%8.76%42.47%1.54%
FY 2021 Q4Sep 2, 202147.28%35.71%32.87%55.31%46.94%22.59%24.35%1.12%
FY 2021 Q3Jun 3, 202142.12%24.24%23.38%45.22%47.97%17.53%30.44%1.29%
FY 2021 Q2Mar 4, 202126.44%10.63%9.67%35.47%49.02%0.63%48.4%1.56%
FY 2021 Q1Dec 3, 202030.07%15%13.91%40.76%34.07%-13.36%47.43%1.59%
FY 2020 Q4Sep 3, 202034.15%19.11%16.31%44.98%37.5%-0.15%37.65%1.47%
FY 2020 Q3May 28, 202032.42%16.33%14.77%42.48%37.2%1.45%35.75%1.51%
FY 2020 Q2Feb 27, 202028.25%9.17%8.44%37.63%41.71%-1.15%42.86%1.77%
FY 2020 Q1Nov 28, 201926.56%10.07%9.55%35.26%39.09%1.32%37.77%1.4%
FY 2019 Q4Aug 29, 201928.64%13.35%11.52%42.42%45.85%4.21%41.64%1.38%
FY 2019 Q3May 30, 201938.18%21.09%17.54%49.5%56.62%6.43%50.19%1.21%
FY 2019 Q2Feb 28, 201949.08%33.54%27.75%56.04%58.87%13.47%45.4%0.98%
FY 2019 Q1Nov 29, 201858.32%47.5%41.62%64.38%60.79%26.66%34.12%0.77%
FY 2018 Q4Aug 30, 201861.03%51.86%51.24%67.09%61.08%34.41%26.67%0.56%
FY 2018 Q3May 31, 201860.57%50.7%49.03%66.51%54.65%23.73%30.92%0.62%
FY 2018 Q2Mar 1, 201858.09%48.52%45.01%64.18%59.15%28.39%30.76%0.71%
FY 2018 Q1Nov 30, 201755.08%45.52%39.36%61.55%53.45%24.69%28.75%0.75%
FY 2017 Q4Aug 31, 201750.7%40.76%38.58%58.13%52.18%31.57%20.61%0.93%
FY 2017 Q3Jun 1, 201746.87%35.27%29.59%53.61%43.24%24.54%18.7%1.02%
FY 2017 Q2Mar 2, 201736.66%22.46%19.23%44.04%30.23%5.19%25.04%1.18%
FY 2017 Q1Dec 1, 201625.47%9.04%4.53%28.46%28.66%-3.17%31.84%1.16%
FY 2016 Q4Sep 1, 201618%-0.99%-5.28%20.98%27.85%-31.92%59.78%1.34%
FY 2016 Q3Jun 2, 201617.18%-0.93%-7.42%25.12%13.42%-44.72%58.14%1.62%
FY 2016 Q2Mar 3, 201619.73%-0.17%-3.31%26.21%26.01%-15.54%41.55%1.87%
FY 2016 Q1Dec 3, 201525.34%6.93%6.15%28.93%33.43%3.88%29.55%1.37%
FY 2015 Q4Sep 3, 201526.94%11.86%13.08%31.53%28.61%-20.42%49.03%1.14%
FY 2015 Q3Jun 4, 201531.2%16.38%12.74%33.84%34.65%15.6%19.05%1.12%
FY 2015 Q2Mar 5, 201533.73%20.52%22.42%35.91%30.03%9.55%20.48%1.18%
FY 2015 Q1Dec 4, 201435.82%23.73%21.93%37.79%34.81%20.18%14.63%0.77%
FY 2014 Q4Aug 28, 201432.77%19.59%27.21%32.72%31.87%4.9%26.97%0.8%
FY 2014 Q3May 29, 201434.35%21.07%20.24%34.68%36.54%24.31%12.23%0.8%
FY 2014 Q2Feb 27, 201434.16%21.16%17.8%33.75%33.84%21.55%12.3%0.66%
FY 2014 Q1Nov 28, 201331.69%13.63%8.86%25.78%37.28%24.27%13.01%0.54%
FY 2013 Q4Aug 29, 201324.9%7.28%60.08%27.4%25.22%15.37%9.85%1.06%
FY 2013 Q3May 30, 201323.99%6.43%1.86%25.5%26.92%18.16%8.76%0.91%
FY 2013 Q2Feb 28, 201317.61%-1.11%-13.76%20.79%11.26%-4.48%15.74%1.01%
FY 2013 Q1Nov 29, 201211.83%-8.56%-14.99%16.36%12.87%-10.8%23.66%1.04%
FY 2012 Q4Aug 30, 201211.16%-7.13%-12.38%17.47%22.92%6.01%16.91%0.82%
FY 2012 Q3May 31, 201210.77%-8.79%-14.73%15.38%31.58%18.78%12.8%0.97%
FY 2012 Q2Mar 1, 201210.45%-10.2%-14.04%18.12%28.57%9.06%19.51%1.49%
FY 2012 Q1Dec 1, 201114.59%-3.92%-8.95%23.06%19.33%-14.02%33.35%0.96%
FY 2011 Q4Sep 1, 201115%-2.38%-6.31%23.55%16.54%-24.02%40.56%0.89%
FY 2011 Q3Jun 2, 201122.35%11.08%3.51%36.65%27.54%4.49%23.05%0.89%
FY 2011 Q2Mar 3, 201119.27%7.93%3.19%29.46%35.84%3.77%32.08%0.84%
FY 2011 Q1Dec 2, 201023.27%17.32%6.88%40.28%32.5%11.86%20.65%0.84%
FY 2010 Q1Dec 3, 200925.46%11.55%11.72%39.77%18.74%15.17%3.56%1.78%
Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

FCF subtracts reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Acquisitions and noncash lease additions are excluded. EPS and weighted shares are not summed across quarters. Annual figures use annual reports.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Market prices: Yahoo Finance · MU, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Gross margin
Gross profit / revenue × 100. Uses revenue − reported cost of revenue when gross profit is absent.
Operating margin
Operating income / revenue × 100. Uses reported operating income, or reported pretax income less the complete nonoperating income/expense total when both are available.
Net margin
Reported net income / revenue × 100.
EBITDA margin
(Operating income + reported depreciation and amortization) / revenue × 100. An EBITDA proxy, not adjusted EBITDA.
Operating cash flow margin
Operating cash flow / revenue × 100.
Free cash flow margin
Free cash flow / revenue × 100. Reflects the selected reported capex scope and the SBC option.
Capex / revenue
Reported cash capital investment / revenue × 100. Uses PPE purchases or, when those are not separately tagged, the broader productive-assets total.
SBC / revenue
Reported share-based compensation / revenue × 100.