Micron Technology (MU) Operating Leases (2019 - 2026)
Micron Technology's Operating Leases was $654 million in fiscal Q3 2026 (quarter ended May 28, 2026), up 9.0% from $600 million a year earlier but down 0.3% from the prior quarter.
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Analysis
Micron Technology (MU) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025 (ended Aug 28, 2025), Operating Leases at Micron Technology came in at $701 million, up 14.9% from FY2024.
- Operating Leases shows a five-year compound annual growth rate of 5.6% (FY2020 to FY2025).
- In earlier fiscal years, Operating Leases was $610 million in FY2024 (+1.2%), $603 million in FY2023 (-1.1%), $610 million in FY2022 (+21.0%) and $504 million in FY2021 (-5.4%).
- Quarterly Operating Leases has moved between $504 million (fiscal Q4 2021) and $701 million (fiscal Q4 2025) over five years.
- Compared with a year earlier, Operating Leases has increased for four straight quarters, with growth averaging 5.7% over the last eight quarters.
- The best year-over-year quarter for Operating Leases over five years was fiscal Q3 2022 (growth of 22.6%); the worst was fiscal Q4 2021 (a decline of 5.4%).
- Per Business Quant data, MU's Operating Leases in the three fiscal quarters before Q3 2026 was $656 million (Q2 2026), $669 million (Q1 2026) and $701 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Nvidia | 5,638.19 Bn | 5,412.36 Bn | 72.14 Bn |
| 2 | Taiwan Semiconductor Manufacturing | 2,452.80 Bn | 2,078.51 Bn | 27.22 Bn |
| 3 | Broadcom | 1,695.44 Bn | 1,621.48 Bn | 20.46 Bn |
| 4 | Micron Technology | 1,213.55 Bn | 1,152.31 Bn | 35.06 Bn |
| 5 | Advanced Micro Devices | 1,034.54 Bn | 991.29 Bn | 6.20 Bn |
| 6 | Asml Holding | 719.69 Bn | 675.53 Bn | 5.90 Bn |
| 7 | Intel | 601.78 Bn | 486.52 Bn | 6.51 Bn |
| 8 | Lam Research | 434.81 Bn | 411.60 Bn | 3.48 Bn |
| 9 | Applied Materials | 428.57 Bn | 394.02 Bn | 4.59 Bn |
| 10 | Arm Holdings | 326.25 Bn | 311.96 Bn | 1.25 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 28, 2026 | 654.00 Mn |
| Feb 26, 2026 | 656.00 Mn |
| Nov 27, 2025 | 669.00 Mn |
| Aug 28, 2025 | 701.00 Mn |
| May 29, 2025 | 600.00 Mn |
| Feb 27, 2025 | 599.00 Mn |
| Nov 28, 2024 | 588.00 Mn |
| Aug 29, 2024 | 610.00 Mn |
| May 30, 2024 | 609.00 Mn |
| Feb 29, 2024 | 593.00 Mn |
| Nov 30, 2023 | 601.00 Mn |
| Aug 31, 2023 | 603.00 Mn |
| Jun 1, 2023 | 603.00 Mn |
| Mar 2, 2023 | 610.00 Mn |
| Dec 1, 2022 | 625.00 Mn |
| Sep 1, 2022 | 610.00 Mn |
| Jun 2, 2022 | 629.00 Mn |
| Mar 3, 2022 | 535.00 Mn |
| Dec 2, 2021 | 523.00 Mn |
| Sep 2, 2021 | 504.00 Mn |
API Access
Micron Technology Operating Leases 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=operating-leases&ticker=MU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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=operating-leases&ticker=MU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();