Micron Technology, Inc. (MU) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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MU EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
MU Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 39.8% | 26.4% | 22.8% |
| 2024 | 22.4% | 5.2% | 3.1% |
| 2023 | -9.1% | -37.0% | -37.5% |
| 2022 | 45.2% | 31.5% | 28.2% |
| 2021 | 37.6% | 22.7% | 21.2% |
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Micron Technology, Inc. (MU) Earnings Overview
As of May 6, 2026, Micron Technology, Inc. (MU) reported trailing twelve-month net income of $24.11B, reflecting +984.3% year-over-year growth. The company earned $21.15 per diluted share over the past four quarters, with a net profit margin of 22.8%.
Looking at the long-term picture, MU's 5-year EPS compound annual growth rate (CAGR) stands at +26.2%, indicating exceptional earnings growth. The company achieved its highest annual net income of $14.13B in fiscal 2018.
Micron Technology, Inc. maintains industry-leading profitability with a gross margin of 39.8%, operating margin of 26.4%, and net margin of 22.8%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including INTC (-$3.17B net income, -0.5% margin), WDC ($6.49B net income, 19.5% margin), STX ($2.38B net income, 16.1% margin), MU has outperformed on profitability metrics. Compare MU vs INTC →
MU Earnings vs Peers
Earnings metrics vs comparable public companies
MU Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $8.54B | +997.6% | $9.87B | $7.59 | 22.8% | 26.4% |
| 2024 | $778M | +113.3% | $1.30B | $0.70 | 3.1% | 5.2% |
| 2023 | -$5.83B | -167.1% | -$5.75B | $-5.34 | -37.5% | -37.0% |
| 2022 | $8.69B | +48.2% | $9.70B | $7.74 | 28.2% | 31.5% |
| 2021 | $5.86B | +118.1% | $6.28B | $5.14 | 21.2% | 22.7% |
| 2020 | $2.69B | -57.4% | $3.00B | $2.37 | 12.5% | 14.0% |
| 2019 | $6.31B | -55.3% | $7.38B | $5.52 | 27.0% | 31.5% |
| 2018 | $14.13B | +177.8% | $14.99B | $11.50 | 46.5% | 49.3% |
| 2017 | $5.09B | +1943.8% | $5.87B | $4.41 | 25.0% | 28.9% |
| 2016 | -$276M | -109.5% | $168M | $-0.27 | -2.2% | 1.4% |
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Start ComparisonMU — Frequently Asked Questions
Quick answers to the most common questions about buying MU stock.
Is MU growing earnings?
MU EPS is $21.15, with earnings growth accelerating to +984.3%. This exceeds the 5-year CAGR of +26.2%. TTM net income reached $24.1B.
What are MU's profit margins?
Micron Technology, Inc. net margin is +22.8%, with operating margin at +26.4%. Above-average margins indicate pricing power.
How consistent are MU's earnings?
MU earnings data spans 1989-2025. The accelerating earnings trend is +984.3% YoY. Historical data enables comparison across business cycles.