Micron Technology, Inc. (MU) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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EPS Growth Rates (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.
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 February 28, 2026, Micron Technology, Inc. (MU) reported trailing twelve-month net income of $11.91B, reflecting +9.8% year-over-year growth. The company earned $10.46 per diluted share over the past four quarters, with a net profit margin of 0.2%.
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 positive profitability with a gross margin of 0.4%, operating margin of 0.3%, and net margin of 0.2%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including SIMO ($123M net income, 0.1% margin), GSIT (-$12M net income, -0.5% margin), MRAM (-$508,000 net income, 0.0% margin), MU has outperformed on profitability metrics. Compare MU vs SIMO →
Peer Comparison
Earnings metrics vs industry competitors
| Company | TTM Net Income | TTM EPS | Net Margin | ROE | YoY Growth | Compare |
|---|---|---|---|---|---|---|
MUCurrent | $11.9B | $10.46 | 0.2% | 0.2% | +9.8% | — |
SIMO | $123M | $14.60 | 0.1% | 0.2% | +0.4% | |
GSIT | -$12M | $-0.39 | -0.5% | -0.3% | +0.5% | |
MRAM | $-508,000 | $-0.02 | 0.0% | 0.0% | -0.9% |
Historical Data
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 ComparisonFrequently Asked Questions
Is MU growing earnings?
MU EPS stands at $10.46, with +9.8% growth matching the 5-year CAGR of +26.2%. TTM net income is $11.9B. Earnings trajectory remains consistent.
What are MU's profit margins?
Micron Technology, Inc. net margin is +0.2%, with operating margin at +0.3%. Below-average margins reflect competitive or cost pressures.
How consistent are MU's earnings?
MU earnings data spans 1989-2025. The current earnings trend is +9.8% YoY. Historical data enables comparison across business cycles.