Micron Technology (MU) Research & Development (2009 - 2026)
Micron Technology (MU) reported Research & Development of $1.91 billion for fiscal Q4 2026 (quarter ended Sep 3, 2026), up 82.7% from $1.05 billion a year earlier and up 45.4% from the prior quarter.
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Analysis
Micron Technology (MU) Research & Development (2009 - 2026) Analysis & Trends
For FY2026 (ended Sep 3, 2026), Micron Technology posted Research & Development of $5.65 billion, up 48.8% from FY2025.
- Research & Development has increased for three consecutive fiscal years, with a five-year compound annual growth rate of 16.2% (FY2021 to FY2026).
- By fiscal year, Research & Development came in at $3.8 billion in FY2025 (+10.7%), $3.43 billion in FY2024 (+10.1%), $3.11 billion in FY2023 (-0.1%) and $3.12 billion in FY2022 (+17.0%).
- The fiscal Q4 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 11 quarters, with growth averaging 29.1% over the last eight quarters.
- The high point for year-over-year Research & Development in five years was fiscal Q4 2026 (growth of 82.7%); the low point was fiscal Q4 2023 (a decline of 14.3%).
- Per Business Quant data, the three fiscal quarters before Q4 2026 came in at $1.32 billion (Q3 2026), $1.25 billion (Q2 2026) and $1.17 billion (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,084.14 Bn | 4,858.30 Bn | 72.14 Bn | 7.05 Bn |
| 2 | Taiwan Semiconductor Manufacturing | 2,168.94 Bn | 1,795.12 Bn | 27.22 Bn | 2.31 Bn |
| 3 | Broadcom | 1,535.70 Bn | 1,461.75 Bn | 20.46 Bn | 2.90 Bn |
| 4 | Micron Technology | 992.51 Bn | 898.15 Bn | 47.05 Bn | 1.91 Bn |
| 5 | Advanced Micro Devices | 843.40 Bn | 800.15 Bn | 6.20 Bn | 2.53 Bn |
| 6 | Asml Holding | 605.80 Bn | 561.49 Bn | 5.90 Bn | - |
| 7 | Intel | 438.54 Bn | 323.27 Bn | 6.51 Bn | 3.37 Bn |
| 8 | Applied Materials | 299.38 Bn | 264.82 Bn | 4.59 Bn | 1.10 Bn |
| 9 | Lam Research | 287.43 Bn | 263.48 Bn | 4.30 Bn | 666.40 Mn |
| 10 | Texas Instruments | 260.14 Bn | 235.01 Bn | 3.89 Bn | 530.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 3, 2026 | 1.91 Bn |
| 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 |
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();