How does Micron Technology (MU) make money?

Micron Technology (MU) primarily makes money through DRAM Products, which accounts for 56.8% of total revenue. For TTM through Q1 2026, Micron Technology generated $58.12B in total revenue with a net profit margin of 41.5%.

What is Micron Technology (MU) gross profit margin?

Micron Technology (MU) reported a gross profit margin of 58.4% for TTM through Q1 2026, equivalent to $33.96B in gross profit. This means Micron Technology retains 58.4% of each revenue unit after direct costs of production.

What is Micron Technology (MU) operating profit margin?

Micron Technology (MU) reported an operating profit margin of 48.5% for TTM through Q1 2026, equivalent to $28.20B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Micron Technology (MU) net profit margin?

Micron Technology (MU) reported a net profit margin of 41.5% for TTM through Q1 2026, equivalent to $24.11B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Micron Technology (MU) invest in R&D?

Micron Technology (MU) invested $4.42B in research and development in TTM through Q1 2026 (7.6% of total revenue). R&D spending reflects investment in future products, services, and technologies.

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

Micron Technology (MU) spent $20.37B on capital expenditures in TTM through Q1 2026 (35.1% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Micron Technology (MU) free cash flow?

Micron Technology (MU) generated $10.28B in free cash flow for TTM through Q1 2026 (17.7% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Micron Technology (MU) effective tax rate?

Micron Technology (MU) had an effective tax rate of 13.8% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

How Micron Technology (MU) Makes Money: A Visual Guide

Micron Technology (MU) generated $58.12B in revenue, earning $24.11B in net profit (41.5% margin). Its largest revenue source is DRAM Products (56.8% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

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).

Frequently asked questions

How does Micron Technology (MU) make money?: Micron Technology (MU) primarily makes money through DRAM Products, which accounts for 56.8% of total revenue. For TTM through Q1 2026, Micron Technology generated $58.12B in total revenue with a net profit margin of 41.5%.
What is Micron Technology (MU) gross profit margin?: Micron Technology (MU) reported a gross profit margin of 58.4% for TTM through Q1 2026, equivalent to $33.96B in gross profit. This means Micron Technology retains 58.4% of each revenue unit after direct costs of production.
What is Micron Technology (MU) operating profit margin?: Micron Technology (MU) reported an operating profit margin of 48.5% for TTM through Q1 2026, equivalent to $28.20B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Micron Technology (MU) net profit margin?: Micron Technology (MU) reported a net profit margin of 41.5% for TTM through Q1 2026, equivalent to $24.11B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Micron Technology (MU) invest in R&D?: Micron Technology (MU) invested $4.42B in research and development in TTM through Q1 2026 (7.6% of total revenue). R&D spending reflects investment in future products, services, and technologies.
How much does Micron Technology (MU) spend on capital expenditures?: Micron Technology (MU) spent $20.37B on capital expenditures in TTM through Q1 2026 (35.1% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Micron Technology (MU) free cash flow?: Micron Technology (MU) generated $10.28B in free cash flow for TTM through Q1 2026 (17.7% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Micron Technology (MU) effective tax rate?: Micron Technology (MU) had an effective tax rate of 13.8% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q1 2026.