Micron Technology (MU) Net Margin (2009 - 2026)
Micron Technology's Net Margin came in at 69.52% for fiscal Q4 2026 (quarter ended Sep 3, 2026), up 41.23 percentage points from 28.29% a year earlier and up 1.39 percentage points from the prior quarter.
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Analysis
Micron Technology (MU) Net Margin (2009 - 2026) Analysis & Trends
For FY2026 (ended Sep 3, 2026), Micron Technology's Net Margin was 63.80%, up 40.95 percentage points from FY2025.
- Net Margin has increased in each of the last three fiscal years, with a five-year change of +42.64 percentage points (FY2021 to FY2026).
- Going back by fiscal year, Net Margin was 22.84% in FY2025 (+19.75 pp), 3.10% in FY2024 (+40.63 pp), -37.54% in FY2023 (-65.78 pp) and 28.24% in FY2022 (+7.09 pp).
- The fiscal Q4 2026 figure represents the highest quarterly Net Margin in data going back to fiscal Q1 2010.
- Year-over-year, Net Margin has increased for 11 consecutive quarters, with an average year-over-year change of +28.75 percentage points over the last eight quarters.
- The fastest year-over-year change in Net Margin over five years came in fiscal Q2 2024 (a gain of 76.22 percentage points), and the weakest in fiscal Q2 2023 (a drop of 91.67 percentage points).
- Business Quant data shows MU's Net Margin at 68.13% (Q3 2026), 57.77% (Q2 2026) and 38.41% (Q1 2026) in the three fiscal quarters before Q4 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,084.14 Bn | 4,858.30 Bn | 72.14 Bn | 62.03% |
| 2 | Taiwan Semiconductor Manufacturing | 2,168.94 Bn | 1,795.12 Bn | 27.22 Bn | 55.62% |
| 3 | Broadcom | 1,535.70 Bn | 1,461.75 Bn | 20.46 Bn | 44.23% |
| 4 | Micron Technology | 992.51 Bn | 898.15 Bn | 47.05 Bn | 69.52% |
| 5 | Advanced Micro Devices | 843.40 Bn | 800.15 Bn | 6.20 Bn | 19.91% |
| 6 | Asml Holding | 605.80 Bn | 561.49 Bn | 5.90 Bn | 29.12% |
| 7 | Intel | 438.54 Bn | 323.27 Bn | 6.51 Bn | -68.41% |
| 8 | Applied Materials | 299.38 Bn | 264.82 Bn | 4.59 Bn | 27.84% |
| 9 | Lam Research | 287.43 Bn | 263.48 Bn | 4.30 Bn | 33.50% |
| 10 | Texas Instruments | 260.14 Bn | 235.01 Bn | 3.89 Bn | 39.82% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 3, 2026 | 69.52% |
| May 28, 2026 | 68.13% |
| Feb 26, 2026 | 57.77% |
| Nov 27, 2025 | 38.41% |
| Aug 28, 2025 | 28.29% |
| May 29, 2025 | 20.27% |
| Feb 27, 2025 | 19.66% |
| Nov 28, 2024 | 21.47% |
| Aug 29, 2024 | 11.45% |
| May 30, 2024 | 4.87% |
| Feb 29, 2024 | 13.62% |
| Nov 30, 2023 | -26.11% |
| Aug 31, 2023 | -35.66% |
| Jun 1, 2023 | -50.53% |
| Mar 2, 2023 | -62.60% |
| Dec 1, 2022 | -4.77% |
| Sep 1, 2022 | 22.46% |
| Jun 2, 2022 | 30.39% |
| Mar 3, 2022 | 29.06% |
| Dec 2, 2021 | 30.00% |
API Access
Micron Technology Net Margin 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=net-margin&ticker=MU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=MU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();