{"schemaVersion":1,"research":true,"symbol":"mu","name":"Micron","topic":"moat","path":"/stock/mu/moat","status":"published","version":3,"updatedAt":"2026-10-17T21:10:21.953Z","locked":false,"publicFairValue":false,"fairValue":null,"moat":{"verdict":"none","summary":"The passages establish manufacturing barriers and substantial operating capabilities, but do not demonstrate a durable advantage over incumbent competitors. Shared manufacturing infrastructure and achieved cost reductions are current strengths. Pricing improved sharply through May 2026, yet earlier sales below manufacturing cost, inventory write-downs and realized legacy-product pricing pressure demonstrate fragile protection across cycles. The conclusion reflects disclosed competitive weakness across cycles, rather than merely missing competitor comparisons; strong recent results do not establish a durable moat.","advantages":[{"mechanism":"cost_advantage","claim":"Shared processes and infrastructure across memory products provide operating economies, and manufacturing cost reductions contributed to realized improvements. These benefits do not establish a lower cost position than competitors or support a positive moat verdict.","durability":"Maintaining the benefit requires continuing process improvements, investment and sufficient production volume. Capital intensity creates entry barriers, but the passages do not establish that these barriers protect Micron from incumbent competition.","risks":"Technology transitions, underutilization and capacity expansion can erode production economics. Historically, selling prices have fallen below manufacturing costs despite these capabilities.","invalidation":"The operating-economy hypothesis would weaken if shared infrastructure stopped producing cost reductions or manufacturing costs persistently exceeded realized prices. A durable relative cost advantage would require evidence that Micron preserves superior production economics through adverse conditions; that evidence is absent.","competitors":[],"evidenceIds":["e1","e2","e3"],"counterEvidenceIds":["e4","e5","e6","e7"]}],"evidence":[{"id":"e1","sourceId":"filing-1","location":"Business / Manufacturing: capital intensity","excerpt":"Semiconductor manufacturing is capital intensive, requiring large investments in sophisticated facilities and equipment."},{"id":"e2","sourceId":"filing-1","location":"Business / Manufacturing: shared processes and infrastructure","excerpt":"Our DRAM, NAND, and NOR products share a number of common manufacturing processes, enabling us to leverage our product and process technology and certain resources and manufacturing infrastructure across these product lines."},{"id":"e3","sourceId":"filing-2","location":"MD&A / Business-unit operating income: manufacturing cost reductions","excerpt":"Changes in operating income for each business unit for the third quarter and first nine months of 2026 as compared to the corresponding periods of 2025 were as follows: •CMBU operating income was higher, primarily due to increases in average selling prices, higher bit shipments, and manufacturing cost reductions."},{"id":"e4","sourceId":"filing-2","location":"Risk factors: realized historical selling prices below manufacturing costs","excerpt":"In some prior periods, average selling prices for our products have been below our manufacturing costs, and we may experience such circumstances in the future."},{"id":"e5","sourceId":"filing-1","location":"MD&A / Inventory write-downs and business-unit revenue","excerpt":"The impacts of inventory NRV write-downs are summarized below: For the year ended 2025 2024 2023 Provision to write down inventory to NRV $ — $ — $ (1,831) Lower costs from sale of inventory written down in prior periods — 987 844 $ — $ 987 $ (987) Revenue by Business Unit For the year ended 2025 2024 2023 CMBU $ 13,524 36 % $ 3,792 15 % $ 1,872 12 % CDBU 7,229 19 % 4,984 20 % 2,124 14 % MCBU 11,859 32 % 11,667 46 % 7,394 48 % AEBU 4,753 13 % 4,631 18 % 4,139 27 % All other 13 — % 37 — % 11 — % $ 37,378 $ 25,111 $ 15,540 Percentages of total revenue may not total 100% due to rounding."},{"id":"e6","sourceId":"filing-2","location":"Risk factors: constraints on manufacturing cost reductions","excerpt":"Factors that may limit our ability to reduce our per gigabit manufacturing costs at sufficient levels to prevent deterioration of or improve gross margins include, but are not limited to: •strategic product diversification decisions affecting product mix; •increasing complexity of our product portfolio, which may impact operational costs; •increasing complexity of manufacturing processes; •difficulties in transitioning to smaller line-width process technologies or additional 3D memory layers or NAND cell levels; •process complexity, including number of mask layers and fabrication steps; •manufacturing yield and defect density; •technological barriers; •changes in process technologies; •new products that may require relatively larger die sizes or advanced packaging technologies; •start-up or other costs associated with capacity expansions; •regional cost differences that may become more pronounced when we transition the manufacture of certain products within our global network; •higher costs of goods and services due to, among other things, inflationary pressures, regulatory actions, including tariffs or trade restrictions, increased input costs, or market conditions; and •higher manufacturing costs per gigabit due to fabrication facility underutilization, lower wafer output, and insufficient volume to run new technology nodes to achieve cost optimization."},{"id":"e7","sourceId":"filing-1","location":"Business / Competition","excerpt":"We face intense competition in the semiconductor memory and storage markets."},{"id":"e8","sourceId":"filing-1","location":"MD&A / AEBU revenue: realized legacy-product pricing pressure","excerpt":"•AEBU revenue increased 3% primarily due to increases in DRAM and NAND bit shipments, partially offset by declines in average selling prices for both DRAM and NAND as a result of pricing pressure for certain legacy products."},{"id":"e9","sourceId":"filing-2","location":"MD&A / Nine-month DRAM selling prices and bit shipments","excerpt":"•Sales of DRAM products increased 211%, primarily due to an approximate 140% increase in average selling prices and an approximate 30% increase in bit shipments."},{"id":"e10","sourceId":"filing-2","location":"MD&A / Nine-month NAND selling prices and bit shipments","excerpt":"•Sales of NAND products increased 183%, primarily due to an approximate 130% increase in average selling prices and a low-20% range increase in bit shipments."},{"id":"e11","sourceId":"filing-1","location":"Revenue recognition: short-term contracts and negotiated prices","excerpt":"Contracts with our customers are generally short-term in duration at fixed, negotiated prices with payment generally due shortly after delivery."},{"id":"e12","sourceId":"filing-1","location":"Revenue recognition: distributor price protection","excerpt":"In addition, we generally offer price protection to our distributors, which is a form of variable consideration that decreases the transaction price."},{"id":"e13","sourceId":"filing-1","location":"Contract liabilities: shipments against customer prepayments","excerpt":"Revenue recognized during 2025 from the beginning balance as of August 29, 2024 included $778 million from shipments against customer prepayments and other contract liabilities."},{"id":"e14","sourceId":"filing-2","location":"Contract liabilities: expected recognition of remaining performance obligations","excerpt":"Approximately one-third of the remaining performance obligations as of May 28, 2026 are expected to be recognized as revenue over the next twelve months."},{"id":"e15","sourceId":"filing-1","location":"MD&A / Cash flows for fiscal 2023–2025","excerpt":"Cash Flows For the year ended 2025 2024 2023 Net cash provided by operating activities $ 17,525 $ 8,507 $ 1,559 Net cash used for investing activities (14,087) (8,309) (6,191) Net cash provided by (used for) financing activities (850) (1,842) 4,983 Effect of changes in currency exchange rates on cash, cash equivalents, and restricted cash 6 40 (34) Net increase (decrease) in cash, cash equivalents, and restricted cash $ 2,594 $ (1,604) $ 317 Operating Activities: Cash provided by operating activities reflects net income (loss) adjusted for certain non-cash items, including depreciation expense, amortization of intangible assets, stock-based compensation, inventory write-downs, and asset impairments, and the effects of changes in operating assets and liabilities."},{"id":"e16","sourceId":"filing-2","location":"MD&A / Investing activities: capital expenditures and government incentives","excerpt":"Investing Activities: For the first nine months of 2026, net cash used for investing activities consisted primarily of $19.60 billion of expenditures for property, plant, and equipment and $2.84 billion of net outflows from purchases, maturities, and sales of available-for-sale securities, partially offset by $2.99 billion of proceeds from government incentives to offset capital expenditures."},{"id":"e17","sourceId":"filing-2","location":"MD&A / Financing activities: debt repayments, equity withholding, buybacks and dividends","excerpt":"Financing Activities: For the first nine months of 2026, net cash used for financing activities consisted primarily of $9.38 billion of repayments of debt, which included the prepayment in full of the 2028 Notes, 2029 Term Loan A, 2029 A Notes, 2029 B Notes, and 2030 Notes and the partial prepayments of the 2031 Notes, 2032 Notes, 2033 A Notes, 2033 B Notes, 2035 A Notes, and 2035 B Notes; $762 million for the repurchases of common stock for withholdings on employee equity awards; $650 million for the acquisition of 2.5 million shares of our common stock under our share repurchase authorization; and $437 million for payments of dividends to shareholders."},{"id":"e18","sourceId":"filing-2","location":"Unaudited consolidated statements of operations: earnings and share counts","excerpt":"Consolidated Statements of Operations (In millions, except per share amounts) (Unaudited) Quarter Ended Nine Months Ended May 28, 2026 May 29, 2025 May 28, 2026 May 29, 2025 Revenue $ 41,456 $ 9,301 $ 78,959 $ 26,063 Cost of goods sold 6,400 5,793 18,502 16,244 Gross margin 35,056 3,508 60,457 9,819 Research and development 1,316 965 3,737 2,751 Selling, general, and administrative 407 318 1,088 891 Other operating (income) expense, net 15 56 43 61 Operating income 33,318 2,169 55,589 6,116 Interest income 215 135 509 350 Interest expense — (123) (106) (353) Other non-operating income (expense), net (321) (68) (559) (90) 33,212 2,113 55,433 6,023 Income tax (provision) benefit (4,978) (235) (8,178) (695) Equity in net income (loss) of equity method investees 9 7 13 10 Net income $ 28,243 $ 1,885 $ 47,268 $ 5,338 Earnings per share Basic $ 25.03 $ 1.69 $ 41.97 $ 4.79 Diluted 24.67 1.68 41.40 4.75 Number of shares used in per share calculations Basic 1,128 1,118 1,126 1,114 Diluted 1,145 1,125 1,142 1,123 See accompanying notes to consolidated financial statements."},{"id":"e19","sourceId":"filing-3","location":"Executive compensation / Plan information: actual fiscal 2025 grants","excerpt":"67 Table of Contents PLAN INFORMATION The securities granted to our Named Executive Officers in Fiscal 2025 were granted pursuant to our 2007 Plan."},{"id":"e20","sourceId":"filing-3","location":"Executive compensation / Plan information: performance thresholds and forfeiture","excerpt":"Unless the threshold targets are achieved or exceeded, the vesting conditions will not be met and the awards will be forfeited."},{"id":"e21","sourceId":"filing-3","location":"Executive compensation / Fiscal 2025 profitability achievement","excerpt":"Despite a year of record revenue, the Fiscal 2025 profitability goal achieved below target at 95%, which was based on the non-GAAP operating margin performance."},{"id":"e22","sourceId":"filing-3","location":"Executive compensation / Approved individual performance multipliers","excerpt":"Mehrotra, Bhatia, DeBoer and Sadana at 1.10 in recognition of their successful efforts in their respective areas."},{"id":"e23","sourceId":"filing-3","location":"Executive compensation / Reported technology and product milestone achievement","excerpt":"Goals focused on delivery of leading-edge technology and key market segment (data center, client, mobile, automotive) product milestones across: ▪DRAM (including HBM4) ▪NAND (including data center SSDs) ▪Goals focused on deployment of AI-based efficiency tools to improve product development and early manufacturing enablement Leading-edge technology and key market segment product milestones largely accomplished at or before targets and additional stretch performance condition achieved."},{"id":"e24","sourceId":"filing-3","location":"Governance: board and committee independence","excerpt":"Ninety percent of our Board is independent, and all of our standing committees are fully independent as well."},{"id":"e25","sourceId":"filing-3","location":"Governance: annual director elections","excerpt":"Our bylaws provide for the annual election of directors."},{"id":"e26","sourceId":"filing-3","location":"Governance: shareholder proxy access","excerpt":"Market Standard Proxy Access Provisions Providing for Board Accountability Our bylaws provide a proxy access right permitting certain of our shareholders who have beneficially owned 3% or more of our common stock continuously for at least three years to submit director nominations via our proxy materials for up to 20% of the directors then serving."},{"id":"e27","sourceId":"filing-3","location":"Governance: combined chairman and chief executive roles","excerpt":"BOARD LEADERSHIP STRUCTURE Our Board is currently led by Sanjay Mehrotra, as our Chairman, President and Chief Executive Officer, and Lynn A."},{"id":"e28","sourceId":"filing-3","location":"Governance: lead independent director","excerpt":"Dugle, as our Lead Independent Director."},{"id":"e29","sourceId":"filing-1","location":"Internal controls: management effectiveness conclusion","excerpt":"Based on this evaluation, management concluded that our internal control over financial reporting was effective as of August 28, 2025."},{"id":"e30","sourceId":"filing-1","location":"Internal controls: disclosed independent audit","excerpt":"The effectiveness of our internal control over financial reporting as of August 28, 2025 has been audited by PricewaterhouseCoopers LLP, an independent registered public accounting firm, as stated in their report, which is included in Part II, Item 8, of this Annual Report on Form 10-K."},{"id":"e31","sourceId":"filing-1","location":"Business / Competition: capacity expansion and potential selling-price pressure","excerpt":"Increases in worldwide supply of semiconductor memory and storage, if not accompanied by commensurate increases in demand, could lead to declines in average selling prices for our products and could materially adversely affect our business, results of operations, or financial condition."},{"id":"e32","sourceId":"filing-1","location":"Concentrations: fiscal 2025 customer concentration","excerpt":"Revenue from one customer was 17% (primarily included in the CMBU segment) of total revenue for 2025."},{"id":"e33","sourceId":"filing-2","location":"MD&A / Manufacturing investment: commercial shipments and future capacity","excerpt":"Planned investments and those underway include the following: •India: Our assembly and test facility in Gujarat commenced commercial shipments and will start ramping production in 2026; •Japan: We are modernizing our Hiroshima manufacturing facility to support future DRAM nodes and AI memory production; •Singapore: We broke ground in January 2025 on an HBM advanced packaging facility to meaningfully expand our total advanced packaging capacity beginning in the first half of calendar 2027."},{"id":"e34","sourceId":"filing-3","location":"Executive compensation: approved fiscal 2026 profitability-goal enhancement","excerpt":"For Fiscal 2026, the Compensation Committee approved a further enhancement to the profitability goal structure, such that actual payout above target requires achievement of both the adjusted non-GAAP net income and non-GAAP operating margin goals."}],"changes":["No comparable previous version."],"limitations":["All evidence comes from supplied issuer filings, filed October 3, 2025, November 25, 2025 and June 25, 2026; these dates retain dateKind filed. The latest supplied operating period ends May 28, 2026.","No supplied passage identifies a named entity as a memory-market competitor. Entities named as patent litigants, director affiliations or compensation references are not established competitors; competitor arrays therefore remain empty.","Relative manufacturing costs, independently benchmarked product performance, market-share persistence and customer switching costs are not established. Capital intensity alone does not demonstrate efficient scale or a protected incumbent position.","Customer prepayments and subsequent shipments demonstrate demand commitments, but do not establish customer-level renewal rates, exclusivity or switching dependence. The remaining-performance-obligation passage omits the total balance and detailed terms.","Technology milestone achievements are issuer-reported compensation assessments. Future facilities, capacity ramps and anticipated agreement benefits remain potential advantages rather than completed outcomes.","Actual equity grants, performance conditions and governance practices are disclosed, but complete executive ownership, award economics and long-term pay outcomes are not supplied. The proposed officer-exculpation amendment is not treated as adopted.","Generic competitive and manufacturing risks describe possible erosion, not realized failure. Historical below-cost pricing, inventory write-downs and legacy pricing pressure are realized counterevidence; recent price increases and shipment growth are weighed alongside them."],"qualityAssessments":[{"category":"moat","checks":[{"criterion":"structural_advantage","grade":1,"rationale":"Capital-intensive facilities and shared infrastructure provide barriers and operating economies, but no demonstrated relative cost or technology advantage. Historical below-cost sales show that these assets have not reliably protected economics.","evidenceIds":["e1","e2","e3","e4"]},{"criterion":"durability","grade":1,"rationale":"Maintaining competitiveness requires continuing manufacturing improvements. Historical inventory write-downs and below-cost pricing weaken the case for durable protection despite the latest recovery.","evidenceIds":["e4","e5","e6","e9","e10"]},{"criterion":"customer_dependency","grade":1,"rationale":"Prepaid shipments establish some customer commitment, but generally short-term contracts do not demonstrate strong switching friction. A customer representing 17% of fiscal 2025 revenue establishes Micron's concentration exposure, not that customer's dependence on Micron.","evidenceIds":["e11","e13","e32"]},{"criterion":"erosion_resilience","grade":1,"rationale":"Recent cost reductions and strong prices demonstrate recovery capability, while realized below-cost selling and legacy pricing pressure show fragile protection against erosion. Future excess-capacity pressure remains a risk rather than an observed latest-period outcome.","evidenceIds":["e3","e4","e8","e9","e10","e31"]}]},{"category":"pricing_power","checks":[{"criterion":"realized_pricing","grade":3,"rationale":"Nine-month 2026 DRAM and NAND average selling prices increased approximately 140% and 130%, respectively, with higher bit shipments. These are strong observed pricing outcomes, but do not establish company-specific control or durability through a cycle.","evidenceIds":["e9","e10","e4","e8"]},{"criterion":"retention","grade":2,"rationale":"Customer prepayments converted into shipments, remaining obligations extend beyond the next twelve months, and aggregate bit shipments grew. This is indirect operating evidence of continuing demand, not proof of customer-level retention or switching costs.","evidenceIds":["e13","e14","e9","e10","e11"]},{"criterion":"margin_resilience","grade":1,"rationale":"Latest-period profitability improved substantially, supported by price increases and cost reductions. Historical below-cost selling, inventory write-downs and legacy-product pricing pressure demonstrate weak resilience across adverse conditions.","evidenceIds":["e18","e3","e4","e5","e8"]},{"criterion":"contractual_freedom","grade":2,"rationale":"Generally short-term, fixed negotiated contracts provide opportunities to reset terms on subsequent sales, but no unilateral repricing right is disclosed. Distributor price protection constrains the realized transaction price.","evidenceIds":["e11","e12"]}]},{"category":"strong_management","checks":[{"criterion":"capital_discipline","grade":2,"rationale":"Operating cash generation recovered sharply through fiscal 2025, and 2026 debt repayments demonstrate balance-sheet action. This is balanced against substantial capital spending, reliance on incentives and increased diluted share counts despite repurchases. Returns on the expanded investment program remain unproven.","evidenceIds":["e15","e16","e17","e18"]},{"criterion":"incentive_alignment","grade":2,"rationale":"Actual fiscal 2025 grants include performance thresholds and forfeiture provisions. Below-target profitability achievement coexisted with approved upward individual multipliers, showing discretion. The approved fiscal 2026 requirement to achieve both profitability goals for above-target payouts strengthens design, but its realized outcome is not supplied.","evidenceIds":["e19","e20","e21","e22","e34"]},{"criterion":"execution","grade":3,"rationale":"Higher aggregate bit shipments, achieved manufacturing cost reductions and commercial shipments from India provide strong operating evidence of delivery. Technology milestones are additionally reported as largely achieved on or ahead of target, although that assessment comes from the issuer's compensation process. Future capacity ramps are excluded from completed execution.","evidenceIds":["e9","e10","e3","e23","e33"]},{"criterion":"governance","grade":3,"rationale":"Disclosed board and committee independence, annual elections, proxy access and a lead independent director provide strong formal accountability evidence. Management reports effective internal controls and an independent audit. Combined chairman and chief executive roles and limited evidence of long-term governance outcomes prevent an exceptional grade.","evidenceIds":["e24","e25","e26","e27","e28","e29","e30"]}]}],"qualityPolicy":"quality-scores-2","basisHash":"b6e9c5e6586d72ded1eb676c739fd20f916b887f5040fd8488f6d9faaf796432","updatedAt":"2026-10-17T21:10:21.953Z","sources":[{"id":"filing-1","url":"https://www.sec.gov/Archives/edgar/data/723125/000072312525000028/mu-20250828.htm","publishedAt":"2025-10-03","sha256":"8fffeb9a5215a532bcf3f4ff8c9c80966943afaea0a142d6f7689c785da39c87","dateKind":"filed"},{"id":"filing-2","url":"https://www.sec.gov/Archives/edgar/data/723125/000072312526000015/mu-20260528.htm","publishedAt":"2026-06-25","sha256":"58f3945d799c5ba02b9fe28114b41cae256295b356c9860691bd23704a9f67ab","dateKind":"filed"},{"id":"filing-3","url":"https://www.sec.gov/Archives/edgar/data/723125/000072312525000038/mu-20251125.htm","publishedAt":"2025-11-25","sha256":"38a7b2034b5edc204c4167d460ec632f0f57a5db353402ba85c4eebe43346b01","dateKind":"filed"}],"model":"gpt-6.1-sol","providerId":"codex:72c6a7eeebd650536feefb745fc93eabd87ba68e723f9860e13a15674e70433a","usage":{"input_tokens":53922,"cached_input_tokens":0,"cache_write_input_tokens":0,"output_tokens":3284,"reasoning_output_tokens":274}},"signals":[{"period":"2021","end":"2021-09-02","values":{"gross_margin":37.62136798411839,"operating_margin":22.67821692835228,"roic":14.537570712612427,"fcf_margin":8.79985562172893,"sbc_revenue":1.3643746616134271},"issues":{"software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roic_wacc":"Enter a WACC assumption from 0 to 100%."}},{"period":"2022","end":"2022-09-01","values":{"gross_margin":45.184992522270626,"operating_margin":31.54301319981793,"roic":19.239637986250017,"fcf_margin":10.124195331295923,"sbc_revenue":1.6711099551336237},"issues":{"software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roic_wacc":"Enter a WACC assumption from 0 to 100%."}},{"period":"2023","end":"2023-08-31","values":{"gross_margin":-9.111969111969112,"operating_margin":-36.969111969111964,"roic":null,"fcf_margin":-39.36293436293437,"sbc_revenue":3.835263835263835},"issues":{"pe":"Trailing earnings is zero or negative, so this ratio is undefined.","peg":"TTM earnings per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","pfcf":"Trailing free cash flow is zero or negative, so this ratio is undefined.","pfcf_growth":"TTM FCF per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","sbc_fcf":"Free cash flow before SBC deduction is zero or negative, so this ratio is undefined.","roic":"NOPAT is undefined under this method: pretax profit must be positive and the effective tax rate must be between 0 and 100%.","roiic":"NOPAT is undefined under this method: pretax profit must be positive and the effective tax rate must be between 0 and 100%.","roic_wacc":"Enter a WACC assumption from 0 to 100%.","debt_fcf":"Trailing free cash flow is zero or negative, so this ratio is undefined."}},{"period":"2024","end":"2024-08-29","values":{"gross_margin":22.352753773246782,"operating_margin":5.192943331607662,"roic":1.6534925879736175,"fcf_margin":0.48186053920592564,"sbc_revenue":3.317271315359802},"issues":{"peg":"Prior-year TTM earnings per diluted share is zero or negative; a growth-adjusted multiple is undefined.","pfcf_growth":"Prior-year TTM FCF per diluted share is zero or negative; a growth-adjusted multiple is undefined.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roiic":"NOPAT is undefined under this method: pretax profit must be positive and the effective tax rate must be between 0 and 100%.","roic_wacc":"Enter a WACC assumption from 0 to 100%."}},{"period":"2025","end":"2025-08-28","values":{"gross_margin":39.79078602386431,"operating_margin":26.138370164267748,"roic":15.612132172641694,"fcf_margin":4.4625180587511375,"sbc_revenue":2.600460163732677},"issues":{"software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roic_wacc":"Enter a WACC assumption from 0 to 100%."}}],"sources":[{"id":"filing-1","url":"https://www.sec.gov/Archives/edgar/data/723125/000072312525000028/mu-20250828.htm","publishedAt":"2025-10-03","sha256":"8fffeb9a5215a532bcf3f4ff8c9c80966943afaea0a142d6f7689c785da39c87","dateKind":"filed"},{"id":"filing-2","url":"https://www.sec.gov/Archives/edgar/data/723125/000072312526000015/mu-20260528.htm","publishedAt":"2026-06-25","sha256":"58f3945d799c5ba02b9fe28114b41cae256295b356c9860691bd23704a9f67ab","dateKind":"filed"},{"id":"filing-3","url":"https://www.sec.gov/Archives/edgar/data/723125/000072312525000038/mu-20251125.htm","publishedAt":"2025-11-25","sha256":"38a7b2034b5edc204c4167d460ec632f0f57a5db353402ba85c4eebe43346b01","dateKind":"filed"}],"history":[{"version":3,"updatedAt":"2026-10-18T16:35:43.872Z","verdict":"none","value":null},{"version":2,"updatedAt":"2026-10-18T02:27:49.793Z","verdict":"none","value":null},{"version":1,"updatedAt":"2026-10-18T02:18:02.026Z","verdict":null,"value":null}],"hasRequested":false,"requestStatus":"completed","researchIssue":null,"archivedMoat":null,"scope":"supported_catalog"}