Capital Expenditures for Micron Technology (MU)
According to Micron Technology's latest reported financial statements, the company's current capital expenditures (TTM) is $20.37B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingCapital ExpendituresSwitch metric
Latest period
$20.37B
YoY change
+89.1%
5Y CAGR
+14.0%
Peak year (2025)
$15.86B
Cumulative capital expenditures
$124.62B
CapEx history chart for Micron Technology (MU) from 1989 to 2025
CapEx history table for Micron Technology (MU) from 1989 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $15.86B | +89.1% | ||
| 2024 | $8.39B | +9.2% | ||
| 2023 | $7.68B | -36.4% | ||
| 2022 | $12.07B | +20.3% | ||
| 2021 | $10.03B | +22.0% | ||
| 2020 | $8.22B | -16.6% | ||
| 2019 | $9.86B | +8.5% | ||
| 2018 | $9.09B | +72.9% | ||
| 2017 | $5.25B | -10.4% | ||
| 2016 | $5.86B | +45.8% | ||
| 2015 | $4.02B | +51.3% | ||
| 2014 | $2.66B | +113.7% | ||
| 2013 | $1.24B | -26.8% | ||
| 2012 | $1.70B | -33.4% | ||
| 2011 | $2.55B | +314.0% | ||
| 2010 | $616.00M | +26.2% | ||
| 2009 | $488.00M | -80.7% | ||
| 2008 | $2.53B | -29.8% | ||
| 2007 | $3.60B | +164.0% | ||
| 2006 | $1.36B | +28.2% | ||
| 2005 | $1.06B | -1.5% | ||
| 2004 | $1.08B | +31.6% | ||
| 2003 | $821.50M | -18.8% | ||
| 2002 | $1.01B | -32.0% | ||
| 2001 | $1.49B | +25.3% | ||
| 2000 | $1.19B | +47.8% | ||
| 1999 | $803.90M | +13.7% | ||
| 1998 | $707.10M | +36.8% | ||
| 1997 | $516.90M | -63.7% | ||
| 1996 | $1.43B | +95.3% | ||
| 1995 | $730.00M | +190.8% | ||
| 1994 | $251.00M | +201.0% | ||
| 1993 | $83.40M | +63.9% | ||
| 1992 | $50.90M | -2.1% | ||
| 1991 | $52.00M | -34.8% | ||
| 1990 | $79.80M | -59.9% | ||
| 1989 | $199.10M | — |
CapEx values are taken from Micron Technology's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of Micron Technology (MU) capital expenditures is $15.86B – surged 89.1% year-over-year.
Micron Technology capital expenditures has grown for 2 consecutive years, with a +14.0% compound annual growth rate over 2020–2025 (5 years).
The highest annual capital expenditures of $15.86B was reported in 2025. The lowest in the available history was $50.90M in 1992.
Within Technology, Micron Technology (MU) ranks 4th among 8 peers we track. The peer median for capital expenditures is $9.38B.
Micron Technology Capital Expenditures by Year
Micron Technology Capital Expenditures 2025: $15.86B
Micron Technology capital expenditures in 2025 was $15.86B, surged 89.1% from 2024. This figure represents the highest annual value in the available history.
Micron Technology Capital Expenditures 2024: $8.39B
Micron Technology capital expenditures in 2024 was $8.39B, grew 9.2% from 2023.
Micron Technology Capital Expenditures 2023: $7.68B
Micron Technology capital expenditures in 2023 was $7.68B, plunged 36.4% below 2022.
Micron Technology Capital Expenditures 2022: $12.07B
Micron Technology capital expenditures in 2022 was $12.07B, grew 20.3% from 2021.
Micron Technology Capital Expenditures 2021: $10.03B
Micron Technology capital expenditures in 2021 was $10.03B.
See more financial history for Micron Technology (MU).
Sector peers — CapEx
Companies in the same sector as Micron Technology, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.29T | Technology |
| Microsoft Corporation (MSFT) | $64.55B | Technology |
| Oracle Corporation (ORCL) | $21.21B | Technology |
| Apple Inc. (AAPL) | $12.71B | Technology |
| NVIDIA Corporation (NVDA) | $6.04B | Technology |
| ASML Holding N.V. (ASML) | $1.51B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $974.00M | Technology |
| Broadcom Inc. (AVGO) | $623.00M | Technology |
Frequently asked questions
What is Micron Technology's capital expenditures?
- Latest reported capital expenditures for Micron Technology (MU) is $20.37B (period ending February 26, 2026).
How has Micron Technology capital expenditures changed year-over-year?
- Micron Technology (MU) capital expenditures changed +89.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Micron Technology capital expenditures?
- Micron Technology (MU) capital expenditures compound annual growth rate is +14.0% over the most recent 5 years available.
When did Micron Technology capital expenditures hit its highest annual value?
- Micron Technology capital expenditures reached its highest annual value of $15.86B in 2025.
What was Micron Technology capital expenditures in 2024?
- Micron Technology (MU) capital expenditures in 2024 was $8.39B.
What was Micron Technology capital expenditures in 2025?
- Micron Technology (MU) capital expenditures in 2025 was $15.86B.
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