Micron Technology (MU) Operating Margin (2009 - 2026)
Micron Technology (MU) posted Operating Margin of 80.37% for fiscal Q3 2026 (quarter ended May 28, 2026), up 57.05 percentage points from 23.32% a year earlier and up 12.75 percentage points from the prior quarter.
Micron Technology (MU) Operating Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through May 28, 2026, Operating Margin at Micron Technology was 65.63%, up 43.04 percentage points year-over-year; for FY2025 (ended Aug 28, 2025), it was 26.14%, up 20.95 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of +12.13 percentage points (FY2020 to FY2025).
- In prior fiscal years, Micron Technology's Operating Margin was 5.19% in FY2024 (+42.16 pp), -36.97% in FY2023 (-68.51 pp), 31.54% in FY2022 (+8.86 pp) and 22.68% in FY2021 (+8.67 pp).
- The fiscal Q3 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 ten quarters, with an average year-over-year change of +34.00 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 67.62% (Q2 2026), 44.98% (Q1 2026) and 32.29% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,638.19 Bn | 5,412.36 Bn | 72.14 Bn | 66.24% |
| 2 | Taiwan Semiconductor Manufacturing | 2,452.80 Bn | 2,078.51 Bn | 27.22 Bn | 60.34% |
| 3 | Broadcom | 1,695.44 Bn | 1,621.48 Bn | 20.46 Bn | 53.92% |
| 4 | Micron Technology | 1,213.55 Bn | 1,152.31 Bn | 35.06 Bn | 80.37% |
| 5 | Advanced Micro Devices | 1,034.54 Bn | 991.29 Bn | 6.20 Bn | 17.25% |
| 6 | Asml Holding | 719.69 Bn | 675.53 Bn | 5.90 Bn | - |
| 7 | Intel | 601.78 Bn | 486.52 Bn | 6.51 Bn | 11.14% |
| 8 | Lam Research | 434.81 Bn | 411.60 Bn | 3.48 Bn | 37.39% |
| 9 | Applied Materials | 428.57 Bn | 394.02 Bn | 4.59 Bn | 33.74% |
| 10 | Arm Holdings | 326.25 Bn | 311.96 Bn | 1.25 Bn | 7.06% |
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 2, 2021 | 35.71% |
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();