Micron Technology (MU) Cost of Revenue (2009 - 2026)
Micron Technology's Cost of Revenue was $7.18 billion in fiscal Q4 2026 (quarter ended Sep 3, 2026), up 14.7% from $6.26 billion a year earlier and up 12.2% from the prior quarter.
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Analysis
Micron Technology (MU) Cost of Revenue (2009 - 2026) Analysis & Trends
For FY2026 (ended Sep 3, 2026), Cost of Revenue at Micron Technology came in at $25.68 billion, up 14.1% from FY2025.
- Cost of Revenue has now increased for four consecutive fiscal years, with a five-year compound annual growth rate of 8.2% (FY2021 to FY2026).
- In earlier fiscal years, Cost of Revenue was $22.51 billion in FY2025 (+15.4%), $19.5 billion in FY2024 (+15.0%), $16.96 billion in FY2023 (+0.6%) and $16.86 billion in FY2022 (-2.4%).
- The fiscal Q4 2026 figure marks the highest quarterly Cost of Revenue in data going back to fiscal Q1 2010.
- Compared with a year earlier, Cost of Revenue has increased for ten straight quarters, with growth averaging 14.8% over the last eight quarters.
- The best year-over-year quarter for Cost of Revenue over five years was fiscal Q1 2024 (growth of 49.2%); the worst was fiscal Q1 2023 (a decline of 22.6%).
- Per Business Quant data, MU's Cost of Revenue in the three fiscal quarters before Q4 2026 was $6.4 billion (Q3 2026), $6.11 billion (Q2 2026) and $6 billion (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 4,516.52 Bn | 4,290.68 Bn | 72.14 Bn | 24.08 Bn |
| 2 | Taiwan Semiconductor Manufacturing | 1,945.01 Bn | 1,569.87 Bn | 27.22 Bn | 12.97 Bn |
| 3 | Broadcom | 1,397.97 Bn | 1,324.02 Bn | 20.46 Bn | 9.14 Bn |
| 4 | Micron Technology | 778.23 Bn | 683.86 Bn | 47.05 Bn | 7.18 Bn |
| 5 | Advanced Micro Devices | 731.93 Bn | 680.14 Bn | 7.21 Bn | 6.17 Bn |
| 6 | Asml Holding | 553.38 Bn | 509.07 Bn | 5.90 Bn | 5.45 Bn |
| 7 | Intel | 294.27 Bn | 140.33 Bn | 7.10 Bn | 9.42 Bn |
| 8 | Applied Materials | 264.14 Bn | 229.58 Bn | 4.59 Bn | 4.53 Bn |
| 9 | Texas Instruments | 253.31 Bn | 228.18 Bn | 3.89 Bn | 2.17 Bn |
| 10 | Lam Research | 251.05 Bn | 227.10 Bn | 4.30 Bn | 3.92 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 3, 2026 | 7.18 Bn |
| May 28, 2026 | 6.40 Bn |
| Feb 26, 2026 | 6.11 Bn |
| Nov 27, 2025 | 6.00 Bn |
| Aug 28, 2025 | 6.26 Bn |
| May 29, 2025 | 5.79 Bn |
| Feb 27, 2025 | 5.09 Bn |
| Nov 28, 2024 | 5.36 Bn |
| Aug 29, 2024 | 5.01 Bn |
| May 30, 2024 | 4.98 Bn |
| Feb 29, 2024 | 4.75 Bn |
| Nov 30, 2023 | 4.76 Bn |
| Aug 31, 2023 | 4.45 Bn |
| Jun 1, 2023 | 4.42 Bn |
| Mar 2, 2023 | 4.90 Bn |
| Dec 1, 2022 | 3.19 Bn |
| Sep 1, 2022 | 4.02 Bn |
| Jun 2, 2022 | 4.61 Bn |
| Mar 3, 2022 | 4.11 Bn |
| Dec 2, 2021 | 4.12 Bn |
API Access
Micron Technology Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=MU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "MU", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=MU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();