Information Technology · Semiconductors

Micron Technology: revenue, profit and dividends

In fiscal 2026, Micron Technology had revenue of $133B, up 26.8% a year on average since 2016, and net income of $85B (63.8% of revenue). It paid a dividend of $0.53 a share. It has 10% more shares than in 2016.

Revenue, fiscal 2026

$133B+26.8% a year

average annual revenue growth since 2016 · +256.3% vs 2025

Net income, 2026

$85B

63.8% of revenue

Diluted EPS, 2026

$74.33

Dividend per share, 2026

$0.53

raised 1 year in a row

Revenue growth, 5 years

36.9% a year

since 2021

Shares, 2026

1.14B

+10.3% since 2016

Free cash flow, 2026

$59B

$89.7B from operations − $30.7B capex

Ticker: MU · Nasdaq
Sector: Information Technology
Sub-industry: Semiconductors
Headquarters: Boise, Idaho
Founded: 1978
In the S&P 500 since: September 27, 1994
Latest fiscal year: 2026, ended September 3, 2026
SEC filer: Micron Technology Inc · CIK 0000723125

Revenue and net income

Revenue went from $4.8B in 2009 to $133B in 2026. Net loss in 2009, 2012, 2016, 2023.

RevenueNet income

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Diluted earnings per share

Diluted EPS went from −$2.35 in 2009 to $74.33 in 2026.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Dividends per share

Raised 1 year in a row, every year from 2026 to 2026.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Shares outstanding

10.3% more shares in 2026 than in 2016 (1.04B → 1.14B): new shares outweighed buybacks.

Fiscal years · diluted weighted-average shares, adjusted for splitsSource: SEC EDGAR (company filings)

Operating cash flow, capex and free cash flow

Free cash flow (operating cash flow minus capital expenditure) was $59B in 2026, 44.3% of revenue. Negative in 2011, 2016, 2023.

Operating cash flowCapital expenditureFree cash flow

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Year by year

Fiscal year	Revenue	Net income	Net margin	Diluted EPS	Dividend	Shares	Operating cash flow	Capex	Free cash flow
2026	$133B	$85B	63.8%	$74.33	$0.53	1.14B	$89.7B	$30.7B	$59B
2025	$37.4B	$8.54B	22.8%	$7.59	$0.46	1.12B	$17.5B	$15.9B	$1.67B
2024	$25.1B	$778M	3.1%	$0.70	$0.46	1.12B	$8.51B	$8.39B	$121M
2023	$15.5B	−$5.83B	−37.5%	−$5.34	$0.46	1.09B	$1.56B	$7.68B	−$6.12B
2022	$30.8B	$8.69B	28.2%	$7.75	$0.32	1.12B	$15.2B	$12.1B	$3.11B
2021	$27.7B	$5.86B	21.2%	$5.14	$0.10	1.14B	$12.5B	$10B	$2.44B
2020	$21.4B	$2.69B	12.5%	$2.37	—	1.13B	$8.31B	$8.22B	$83M
2019	$23.4B	$6.31B	27.0%	$5.51	—	1.14B	$13.2B	$9.78B	$3.41B
2018	$30.4B	$14.1B	46.5%	$11.51	—	1.23B	$17.4B	$8.88B	$8.52B
2017	$20.3B	$5.09B	25.0%	$4.41	—	1.15B	$8.15B	$4.73B	$3.42B
2016	$12.4B	−$276M	−2.2%	−$0.27	—	1.04B	$3.17B	$5.82B	−$2.65B
2015	$16.2B	$2.9B	17.9%	$2.47	—	1.17B	$5.21B	$4.02B	$1.19B
2014	$16.4B	$3.04B	18.6%	$2.54	—	1.2B	$5.7B	$3.11B	$2.59B
2013	$9.07B	$1.19B	13.1%	$1.13	—	1.06B	$1.81B	$1.44B	$369M
2012	$8.23B	−$1.03B	−12.5%	−$1.04	—	991M	$2.11B	$1.7B	$415M
2011	$8.79B	$167M	1.9%	$0.17	—	1.01B	$2.48B	$2.55B	−$66M
2010	$8.48B	$1.85B	21.8%	$1.85	—	1.05B	$3.1B	$616M	$2.48B
2009	$4.8B	−$1.88B	−39.2%	−$2.35	—	801M	$1.21B	$488M	$718M