Micron Technology

MU · Information Technology · Market cap $960B

Q3 FY26 May 28, 2026 reported Jun 25, 2026

Revenue$41.5B +346% year over year

Gross profit$35.1B

Operating profit$33.3B

Net profit$28.2B 68% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q3 FY26 (period ends May 28, 2026).
Item	Value	Share of revenue	Year over year
Revenue	41.5	100%	+346%
CMBU	13.8	33%
CDBU	11.5	28%
MCBU	11.5	28%
AEBU	4.6	11%
Cost of revenue	−6.4	15%
Gross profit	35.1	85% margin	+47pp
Research & development	−1.3	3%	−7pp
SG&A	−0.4	1%	−2pp
Operating profit	33.3	80% margin	+57pp
Tax	−5
Interest & other costs	−0.1
Net profit	28.2	68%	+48pp

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Feb 26, 2026).
Item	Value	Share of revenue	Year over year
Revenue	23.9	100%	+196%
CMBU	7.7	32%
MCBU	7.7	32%
CDBU	5.7	24%
AEBU	2.7	11%
Cost of revenue	−6.1	26%
Gross profit	17.8	74% margin	+38pp
Research & development	−1.3	5%	−6pp
SG&A	−0.3	1%	−2pp
Operating profit	16.1	68% margin	+46pp
Tax	−2.3
Net profit	13.8	58%	+38pp

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Nov 27, 2025).
Item	Value	Share of revenue	Year over year
Revenue	13.6	100%	+57%
CMBU	5.3	39%
MCBU	4.3	32%
CDBU	2.4	18%
AEBU	1.7	12%
Cost of revenue	−6	44%
Gross profit	7.6	56% margin	+18pp
Research & development	−1.2	9%	−2pp
SG&A	−0.3	2%	−1pp
Operating profit	6.1	45% margin	+20pp
Tax	−0.8
Interest & other costs	−0.1
Net profit	5.2	38%	+17pp

All figures in billions of U.S. dollars, for Q3 FY25 (period ends May 29, 2025).
Item	Value	Share of revenue	Year over year
Revenue	9.3	100%	+37%
CNBU	5.1	55%
MBU	1.6	17%
SBU	1.5	16%
EBU	1.2	13%
Cost of revenue	−5.8	62%
Gross profit	3.5	38% margin	+11pp
Research & development	−0.9	10%	−2pp
SG&A	−0.3	3%	−1pp
Other	−0.1	1%	+0pp
Operating profit	2.2	23% margin	+13pp
Tax	−0.3
Net profit	1.9	20%	+15pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q3 FY26	May 28, 2026	Jun 25, 2026	$41.5B	+346%	80%	$28.2B	68%
Q2 FY26	Nov 28, 2025 – Feb 26, 2026	Mar 19, 2026	$23.9B	+196%	67%	$13.8B	58%
Q1 FY26	Aug 29 – Nov 27, 2025	Dec 18, 2025	$13.6B	+57%	45%	$5.2B	38%
Q3 FY25	Feb 28 – May 29, 2025	Jun 26, 2025	$9.3B	+37%	24%	$1.9B	20%