Micron Technology (MU) Research & Development (2009 - 2026)
Micron Technology (MU) reported Research & Development of $1.32 billion for fiscal Q3 2026 (quarter ended May 28, 2026), up 36.4% from $965 million a year earlier and up 5.3% from the prior quarter.
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Analysis
Micron Technology (MU) Research & Development (2009 - 2026) Analysis & Trends
Over the twelve months ended May 28, 2026, Micron Technology's Research & Development came in at $4.78 billion, up 30.9% year-over-year; for FY2025 (ended Aug 28, 2025), it was $3.8 billion, up 10.7% from FY2024.
- Research & Development has a five-year compound annual growth rate of 7.9% (FY2020 to FY2025).
- By fiscal year, Research & Development came in at $3.43 billion in FY2024 (+10.1%), $3.11 billion in FY2023 (-0.1%), $3.12 billion in FY2022 (+17.0%) and $2.66 billion in FY2021 (+2.4%).
- The fiscal Q3 2026 figure ranks as the highest quarterly Research & Development in data going back to fiscal Q1 2010.
- Year over year, Research & Development has now increased in each of the last ten quarters, with growth averaging 21.9% over the last eight quarters.
- The high point for year-over-year Research & Development in five years was fiscal Q2 2026 (growth of 39.2%); the low point was fiscal Q4 2023 (a decline of 14.3%).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at $1.25 billion (Q2 2026), $1.17 billion (Q1 2026) and $1.05 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,638.19 Bn | 5,412.36 Bn | 72.14 Bn | 7.05 Bn |
| 2 | Taiwan Semiconductor Manufacturing | 2,452.80 Bn | 2,078.51 Bn | 27.22 Bn | 2.31 Bn |
| 3 | Broadcom | 1,695.44 Bn | 1,621.48 Bn | 20.46 Bn | 2.90 Bn |
| 4 | Micron Technology | 1,213.55 Bn | 1,152.31 Bn | 35.06 Bn | 1.32 Bn |
| 5 | Advanced Micro Devices | 1,034.54 Bn | 991.29 Bn | 6.20 Bn | 2.53 Bn |
| 6 | Asml Holding | 719.69 Bn | 675.53 Bn | 5.90 Bn | - |
| 7 | Intel | 601.78 Bn | 486.52 Bn | 6.51 Bn | 3.37 Bn |
| 8 | Lam Research | 434.81 Bn | 411.60 Bn | 3.48 Bn | 642.92 Mn |
| 9 | Applied Materials | 428.57 Bn | 394.02 Bn | 4.59 Bn | 1.10 Bn |
| 10 | Arm Holdings | 326.25 Bn | 311.96 Bn | 1.25 Bn | -838.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 28, 2026 | 1.32 Bn |
| Feb 26, 2026 | 1.25 Bn |
| Nov 27, 2025 | 1.17 Bn |
| Aug 28, 2025 | 1.05 Bn |
| May 29, 2025 | 965.00 Mn |
| Feb 27, 2025 | 898.00 Mn |
| Nov 28, 2024 | 888.00 Mn |
| Aug 29, 2024 | 903.00 Mn |
| May 30, 2024 | 850.00 Mn |
| Feb 29, 2024 | 832.00 Mn |
| Nov 30, 2023 | 845.00 Mn |
| Aug 31, 2023 | 719.00 Mn |
| Jun 1, 2023 | 758.00 Mn |
| Mar 2, 2023 | 788.00 Mn |
| Dec 1, 2022 | 849.00 Mn |
| Sep 1, 2022 | 839.00 Mn |
| Jun 2, 2022 | 773.00 Mn |
| Mar 3, 2022 | 792.00 Mn |
| Dec 2, 2021 | 712.00 Mn |
| Sep 2, 2021 | 705.00 Mn |
API Access
Micron Technology Research & Development 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=research-and-development&ticker=MU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=MU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();