Micron Technology (MU) Operating Margin (2009 - 2026)
Micron Technology (MU) posted Operating Margin of 80.68% for fiscal Q4 2026 (quarter ended Sep 3, 2026), up 48.38 percentage points from 32.29% a year earlier and up 0.31 percentage points from the prior quarter.
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Analysis
Micron Technology (MU) Operating Margin (2009 - 2026) Analysis & Trends
For FY2026 (ended Sep 3, 2026), Micron Technology's Operating Margin came in at 74.59%, up 48.45 percentage points from FY2025.
- Annual Operating Margin has increased for three consecutive fiscal years, with a five-year change of +51.91 percentage points (FY2021 to FY2026).
- In prior fiscal years, Micron Technology's Operating Margin was 26.14% in FY2025 (+20.95 pp), 5.19% in FY2024 (+42.16 pp), -36.97% in FY2023 (-68.51 pp) and 31.54% in FY2022 (+8.86 pp).
- The fiscal Q4 2026 figure stands as the highest quarterly Operating Margin in data going back to fiscal Q1 2010.
- On a year-over-year basis, Operating Margin has increased in each of the last 11 quarters, with an average year-over-year change of +33.01 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Operating Margin in the past five years was fiscal Q2 2024, with a gain of 65.64 percentage points; the weakest was fiscal Q2 2023, with a drop of 95.06 percentage points.
- According to Business Quant data, Operating Margin for the three prior fiscal quarters was 80.37% (Q3 2026), 67.62% (Q2 2026) and 44.98% (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,084.14 Bn | 4,858.30 Bn | 72.14 Bn | 66.24% |
| 2 | Taiwan Semiconductor Manufacturing | 2,168.94 Bn | 1,795.12 Bn | 27.22 Bn | 60.34% |
| 3 | Broadcom | 1,535.70 Bn | 1,461.75 Bn | 20.46 Bn | 53.92% |
| 4 | Micron Technology | 992.51 Bn | 898.15 Bn | 47.05 Bn | 80.68% |
| 5 | Advanced Micro Devices | 843.40 Bn | 800.15 Bn | 6.20 Bn | 17.25% |
| 6 | Asml Holding | 605.80 Bn | 561.49 Bn | 5.90 Bn | - |
| 7 | Intel | 438.54 Bn | 323.27 Bn | 6.51 Bn | 11.14% |
| 8 | Applied Materials | 299.38 Bn | 264.82 Bn | 4.59 Bn | 33.74% |
| 9 | Lam Research | 287.43 Bn | 263.48 Bn | 4.30 Bn | 39.95% |
| 10 | Texas Instruments | 260.14 Bn | 235.01 Bn | 3.89 Bn | 47.46% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 3, 2026 | 80.68% |
| May 28, 2026 | 80.37% |
| Feb 26, 2026 | 67.62% |
| Nov 27, 2025 | 44.98% |
| Aug 28, 2025 | 32.29% |
| May 29, 2025 | 23.32% |
| Feb 27, 2025 | 22.02% |
| Nov 28, 2024 | 24.96% |
| Aug 29, 2024 | 19.64% |
| May 30, 2024 | 10.56% |
| Feb 29, 2024 | 3.28% |
| Nov 30, 2023 | -23.87% |
| Aug 31, 2023 | -36.71% |
| Jun 1, 2023 | -46.93% |
| Mar 2, 2023 | -62.36% |
| Dec 1, 2022 | -5.12% |
| Sep 1, 2022 | 22.90% |
| Jun 2, 2022 | 34.76% |
| Mar 3, 2022 | 32.70% |
| Dec 2, 2021 | 34.23% |
API Access
Micron Technology Operating 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=operating-margin&ticker=MU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=MU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();