How does Micron Technology (MU) make money?

Micron Technology (MU) generates revenue primarily from DRAM Products, which accounted for 56.8% of total revenue in TTM through Q1 2026. The company reported $58.12B in revenue and converted 41.5% of it into net profit, equivalent to roughly $24.11B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Micron Technology (MU)?

Micron Technology (MU) reported a gross profit margin of 58.4% in TTM through Q1 2026, equivalent to $33.96B in gross profit on $58.12B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Micron Technology (MU)?

Micron Technology (MU) reported an operating profit margin of 48.5% in TTM through Q1 2026, equivalent to $28.20B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Micron Technology (MU)?

Micron Technology (MU) reported a net profit margin of 41.5% in TTM through Q1 2026, equivalent to $24.11B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Micron Technology (MU) profitable?

Yes. Micron Technology (MU) reported $24.11B in net income for TTM through Q1 2026, with a net profit margin of 41.5%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Micron Technology (MU) invest in research and development?

Micron Technology (MU) invested $4.42B in research and development during TTM through Q1 2026, roughly 7.6% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does Micron Technology (MU) spend on capital expenditures?

Micron Technology (MU) spent $20.37B on capital expenditures (CapEx) during TTM through Q1 2026, roughly 35.1% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Micron Technology (MU) generate?

Micron Technology (MU) generated $10.28B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 17.7%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Micron Technology (MU)?

Micron Technology (MU) had an effective tax rate of 13.8% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Micron Technology (MU)?

Micron Technology (MU) reports revenue across 6 reportable product segments, led by DRAM Products at 56.8% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Micron Technology Makes Money: 2026 Visual Revenue Map

Micron Technology (MU) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending February 26, 2026 (reported March 19, 2026).

Micron Technology discloses geographic revenue only in annual filings. to view the full breakdown.

Micron Technology (MU) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Micron Technology (MU) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
DRAM Products	$32.99B	56.8%
CNBU	$8.91B	15.3%
NAND Products	$8.78B	15.1%
MBU	$2.73B	4.7%
SBU	$2.55B	4.4%
EBU	$2.16B	3.7%
Total	$58.12B	100%

DRAM Products$32.99B
CNBU$8.91B
NAND Products$8.78B
MBU$2.73B
SBU$2.55B
EBU$2.16B
Total$58.12B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Micron Technology (MU) reports revenue across 6 operating segments; the largest segment was DRAM Products at 56.8%, followed by CNBU (15.3%) and NAND Products (15.1%).

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