MICRON TECHNOLOGY INC

MU 10-K · FY 2025

MU FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 37,378 25,111 +48.9%
Show Product Lines breakouts
DRAM 28,578 17,603 +62.3%
NAND 8,503 7,227 +17.7%
Other (primarily NOR) 297 281 +5.7%
Show Business Segments breakouts
AEBU · Operating Segments 4,753 4,631 +2.6%
All Other Segments · Operating Segments 13 37 -64.9%
CDBU · Operating Segments 7,229 4,984 +45.0%
CMBU · Operating Segments 13,524 3,792 +256.6%
MCBU · Operating Segments 11,859 11,667 +1.6%
Show Geography breakouts
CN 2,639 3,045 -13.3%
Europe 625 818 -23.6%
HK 1,138 1,071 +6.3%
JP 895 840 +6.5%
Other 383 131 +192.4%
Other Asia Pacific 1,913 1,330 +43.8%
TW 5,672 4,708 +20.5%
US 24,113 13,168 +83.1%
Cost of Revenue 22,505 19,498 +15.4%
Show Business Segments breakouts
AEBU · Operating Segments 3,566 3,598 -0.9%
All Other Segments · Operating Segments 14 20 -30.0%
CDBU · Operating Segments 3,995 3,638 +9.8%
CMBU · Operating Segments 5,867 2,677 +119.2%
MCBU · Operating Segments 8,650 10,222 -15.4%
Show Consolidation Items breakouts
Corporate Non Segment 413 -657 +162.9%
Gross Profit 14,873 5,613 +165.0%
Show Business Segments breakouts
AEBU · Operating Segments 1,187 1,033 +14.9%
All Other Segments · Operating Segments -1 17 -105.9%
CDBU · Operating Segments 3,234 1,346 +140.3%
CMBU · Operating Segments 7,657 1,115 +586.7%
MCBU · Operating Segments 3,209 1,445 +122.1%
Show Consolidation Items breakouts
Corporate Non Segment -413 657 -162.9%
Research & Development 3,798 3,430 +10.7%
Show Business Segments breakouts
AEBU · Operating Segments 435 425 +2.4%
CDBU · Operating Segments 864 960 -10.0%
CMBU · Operating Segments 1,315 769 +71.0%
MCBU · Operating Segments 836 994 -15.9%
Show Consolidation Items breakouts
Corporate Non Segment 348 282 +23.4%
Selling, General & Administrative 1,205 1,129 +6.7%
Show Business Segments breakouts
AEBU · Operating Segments 195 186 +4.8%
CDBU · Operating Segments 188 139 +35.3%
CMBU · Operating Segments 213 107 +99.1%
MCBU · Operating Segments 390 485 -19.6%
Show Consolidation Items breakouts
Corporate Non Segment 219 213 +2.8%
Restructuring Settlement And Impairment Provisions 39 1 +3800.0%
Show Consolidation Items breakouts
Corporate Non Segment 39 1 +3800.0%
Other Operating Income Expense Net 61 -251 +124.3%
Show Business Segments breakouts
CDBU · Operating Segments 2 -8 +125.0%
MCBU · Operating Segments 2 -33 +106.1%
Show Consolidation Items breakouts
Corporate Non Segment 57 -195 +129.2%
Operating Income 9,770 1,304 +649.2%
Show Business Segments breakouts
AEBU · Operating Segments 557 432 +28.9%
All Other Segments · Operating Segments -1 18 -105.6%
CDBU · Operating Segments 2,180 255 +754.9%
CMBU · Operating Segments 6,129 244 +2411.9%
MCBU · Operating Segments 1,981 -1 +198200.0%
Show Consolidation Items breakouts
Corporate Non Segment -1,076 356 -402.2%
Investment Income Net 496 529 -6.2%
Interest Expense -477 -562 +15.1%
Other Non-Operating Income (Expense) -135 -31 -335.5%
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments 9,654 1,240 +678.5%
Income Tax Expense (Benefit) -1,124 -451 -149.2%
Income Loss From Equity Method Investments 9 -11 +181.8%
Net Income 8,539 778 +997.6%
Show Equity Components breakouts
Retained Earnings 8,539 778 +997.6%
EPS (Basic) 7.65 0.7 +992.9%
EPS (Diluted) 7.59 0.7 +984.3%
Wtd Avg Shares (Basic) 1,116 1,105 +1.0%
Wtd Avg Shares (Diluted) 1,125 1,118 +0.6%
Comprehensive Income 8,641 956 +803.9%
Foreign Currency Transaction Gain Loss Before Tax -72 -13 -453.8%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 9,642 7,041 +36.9%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 · Money Market Funds 410 20 +1950.0%
Fair Value Inputs Level2 · Certificates Of Deposit 1,292 316 +308.9%
Fair Value Inputs Level2 · Commercial Paper 33 16 +106.2%
Fair Value Inputs Level2 · Corporate Debt Securities 23
Fair Value Inputs Level2 · US States And Political Subdivisions 9 35 -74.3%
Show Financial Instrument breakouts
Cash 7,875 6,654 +18.3%
Available For Sale Securities Debt Securities Current 665 1,065 -37.6%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level2 · Asset Backed Securities 31 46 -32.6%
Fair Value Inputs Level2 · Certificates Of Deposit 6 6 0.0%
Fair Value Inputs Level2 · Commercial Paper 26 160 -83.8%
Fair Value Inputs Level2 · Corporate Debt Securities 559 771 -27.5%
Fair Value Inputs Level2 · US States And Political Subdivisions 43 82 -47.6%
Receivables Net Current 9,265 6,615 +40.1%
Inventory 8,355 8,875 -5.9%
Other Assets Current 914 776 +17.8%
Total Current Assets 28,841 24,372 +18.3%
Accounts Receivable 7,163 5,419 +32.2%
Non-Current Assets
Available For Sale Securities Debt Securities Noncurrent 1,629 1,046 +55.7%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level2 · Asset Backed Securities 521 433 +20.3%
Fair Value Inputs Level2 · Corporate Debt Securities 1,047 571 +83.4%
Fair Value Inputs Level2 · US States And Political Subdivisions 61 42 +45.2%
Operating Lease Right-of-Use Assets 736 645 +14.1%
Deferred Tax Assets 616 520 +18.5%
Goodwill 1,150 1,150 0.0%
Show Business Segments breakouts
AEBU 103
CDBU 109
CMBU 654
MCBU 284
Other Non-Current Assets 2,783 1,518 +83.3%
Total Assets 82,798 69,416 +19.3%
Intangible Assets 453 416 +8.9%
Show Finite Lived Intangible Assets By Major Class breakouts
Other Intangible Assets 8 11 -27.3%
Technology Based Intangible Assets 445 405 +9.9%
Other Assets
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization 46,590 39,749 +17.2%
Intangible Assets Net Excluding Goodwill 453 416 +8.9%
Current Liabilities
Accounts Payable And Accrued Liabilities Current 9,649 7,299 +32.2%
Debt Current 560 431 +29.9%
Other Liabilities Current 1,245 1,518 -18.0%
Total Current Liabilities 11,454 9,248 +23.9%
Deferred Revenue (Current) 26 766 -96.6%
Non-Current Liabilities
Operating Lease Liabilities 701 610 +14.9%
Government Assistance Liability Noncurrent 1,018 550 +85.1%
Other Non-Current Liabilities 1,443 911 +58.4%
Total Liabilities 28,633 24,285 +17.9%
Long-Term Debt (Q)
Show Debt Instrument breakouts
2028 Notes · Corporate Debt Securities 540 597 -9.5%
2029 A Notes · Corporate Debt Securities 698 698 0.0%
2029 B Notes · Corporate Debt Securities 1,168 1,261 -7.4%
2029 Term Loan A · Notes Payable To Banks 982
2030 Notes · Corporate Debt Securities 794 847 -6.3%
2031 Notes · Corporate Debt Securities 995 994 +0.1%
2032 Green Bonds · Corporate Debt Securities 996 996 0.0%
2032 Notes · Corporate Debt Securities 496
2033 A Notes · Corporate Debt Securities 746 745 +0.1%
2033 B Notes · Corporate Debt Securities 892 891 +0.1%
2035 A Notes · Corporate Debt Securities 992
2035 B Notes · Corporate Debt Securities 1,241
2041 Notes · Corporate Debt Securities 497 497 0.0%
2051 Notes · Corporate Debt Securities 496 496 0.0%
Long-Term Debt 11,533
Show Debt Instrument breakouts
2028 Notes · Corporate Debt Securities 540 597 -9.5%
2029 A Notes · Corporate Debt Securities 698 698 0.0%
2029 B Notes · Corporate Debt Securities 1,168 1,261 -7.4%
2029 Term Loan A · Notes Payable To Banks 982
2030 Notes · Corporate Debt Securities 794 847 -6.3%
2031 Notes · Corporate Debt Securities 995 994 +0.1%
2032 Green Bonds · Corporate Debt Securities 996 996 0.0%
2032 Notes · Corporate Debt Securities 496
2033 A Notes · Corporate Debt Securities 746 745 +0.1%
2033 B Notes · Corporate Debt Securities 892 891 +0.1%
2035 A Notes · Corporate Debt Securities 992
2035 B Notes · Corporate Debt Securities 1,241
2041 Notes · Corporate Debt Securities 497 497 0.0%
2051 Notes · Corporate Debt Securities 496 496 0.0%
Deferred Tax Liabilities -52 -59 +11.9%
Other Liabilities
Long Term Debt And Capital Lease Obligations 14,017 12,966 +8.1%
Stockholders' Equity
Common Stock 127 125 +1.6%
Additional Paid In Capital Common Stock 13,339 12,115 +10.1%
Retained Earnings 48,583 40,877 +18.9%
Treasury Stock Common Value -7,852 -7,852 0.0%
Accumulated Other Comprehensive Income -32 -134 +76.1%
Total Stockholders' Equity 54,165 45,131 +20.0%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment 45 39 +15.4%
Accumulated Gain Loss Net Cash Flow Hedge Parent -70 -162 +56.8%
Accumulated Net Unrealized Investment Gain Loss -4 -8 +50.0%
Accumulated Other Comprehensive Income -32 -134 +76.1%
Accumulated Translation Adjustment -3 -3 0.0%
Additional Paid In Capital 13,339 12,115 +10.1%
Common Stock 127 125 +1.6%
Retained Earnings 48,583 40,877 +18.9%
Treasury Stock Common -7,852 -7,852 0.0%
Total Liabilities & Equity 82,798 69,416 +19.3%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Depreciation & Amortization 8,352 7,780 +7.4%
Show Business Segments breakouts
AEBU · Operating Segments 1,375 1,447 -5.0%
All Other Segments · Operating Segments 5 7 -28.6%
CDBU · Operating Segments 1,530 1,434 +6.7%
CMBU · Operating Segments 2,260 1,112 +103.2%
MCBU · Operating Segments 3,177 3,762 -15.6%
Show Consolidation Items breakouts
Corporate Non Segment 5 18 -72.2%
Stock-Based Compensation 972 833 +16.7%
Increase Decrease In Receivables -1,776 -3,581 +50.4%
Change in Inventory 520 -488 +206.6%
Increase Decrease In Accounts Payable And Accrued Liabilities 862 1,915 -55.0%
Increase Decrease In Other Current Liabilities -272 989 -127.5%
Other Operating Activities Cash Flow Statement 328 281 +16.7%
Net Cash from Operations 17,525 8,507 +106.0%
Deferred Income Taxes -164 -35 -368.6%
Investing Activities
Capital Expenditures -15,857 -8,386 -89.1%
Purchases of Investments -1,890 -1,999 +5.5%
Proceeds From Government Assistance 2,005 315 +536.5%
Proceeds From Sale And Maturity Of Available For Sale Securities 1,698 1,794 -5.4%
Other Investing Activities -43 -33 -30.3%
Net Cash from Investing -14,087 -8,309 -69.5%
Financing Activities
Repayments Of Long Term Debt And Capital Securities -4,619 -1,897 -143.5%
Payments Of Dividends Common Stock -522 -513 -1.8%
Proceeds From Issuance Of Long Term Debt 4,430 999 +343.4%
Proceeds From Payments For Other Financing Activities -139 18 -872.2%
Net Cash from Financing -850 -1,842 +53.9%
Debt Repayments (FY)
Show Debt Instrument breakouts
2028 Notes · Corporate Debt Securities -59
2029 B Notes · Corporate Debt Securities -98
2030 Notes · Corporate Debt Securities -54
Supplemental
Income Taxes Paid -583 -338 -72.5%
Interest Paid -418 -503 +16.9%
Unpaid Capital Expenditures 321 118 +172.0%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 6 40 -85.0%
Net Change in Cash 2,594 -1,604 +261.7%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 9,646 7,052 +36.8%

Values in millions USD. Source: SEC EDGAR 10-K filing.

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