MICRON TECHNOLOGY INC

Semiconductors and related devices

Last filing · Annual · Sep 3, 2026

37 more quarters with Pro

MICRON TECHNOLOGY INC back to 2009, every line as filed.

USD ($) $ in Millions	May 28, 2026	Feb 26, 2026	Nov 27, 2025	May 29, 2025	Feb 27, 2025	Nov 28, 2024	May 30, 2024	Feb 29, 2024	Nov 30, 2023	Jun 1, 2023	Mar 2, 2023	Dec 1, 2022
Cash flows from operating activities
Net income	$ 28,243	$ 13,785	$ 5,240	$ 1,885	$ 1,583	$ 1,870	$ 332	$ 793	$ (1,234)	$ (1,896)	$ (2,312)	$ (195)
Net income	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense and amortization of intangible assets	2,364	2,286	2,212	2,094	2,079	2,030	1,955	1,924	1,915	1,956	1,942	1,921
Provision to write down inventories to net realizable value	-	-	-	-	-	-	-	-	-	401	143	-
(Gain) loss on debt repurchases	-	-	-	-	-	-	-	-	-	0	0	0
Loss on impairment of MIT assets	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation	355	309	290	253	249	220	219	213	188	145	157	146
Adjustments to reconcile net income to net cash provided by operating activities
Amortization of debt discount and other costs	-	-	-	-	-	-	-	-	-	-	-	-
Restructure and asset impairments	-	-	-	-	-	-	-	-	-	-	-	-
Gain on remeasurement of previously-held equity interest in Inotera	-	-	-	-	-	-	-	-	-	-	-	-
Adjustment to gain on MMJ Acquisition	-	-	-	-	-	-	-	-	-	-	-	-
(Gains) losses from currency hedges, net	-	-	-	-	-	-	-	-	-	-	-	-
Loss from currency hedges, net	-	-	-	-	-	-	-	-	-	-	-	-
Equity in net (income) loss of equity method investees	-	-	-	-	-	-	-	-	-	-	-	-
Gain from disposition of Japan Fab	-	-	-	-	-	-	-	-	-	-	-	-
Gain from acquisition of Numonyx	-	-	-	-	-	-	-	-	-	-	-	-
Gain from Inotera stock issuance	-	-	-	-	-	-	-	-	-	-	-	-
Noncash restructure charges (credits)	-	-	-	-	-	-	-	-	-	-	-	-
Change in operating assets and liabilities:
Receivables	(11,655)	(7,427)	(871)	(461)	1,155	(817)	(803)	(1,258)	(501)	(182)	1,068	1,842
Inventories	(300)	(62)	150	280	(302)	170	(68)	(168)	111	(510)	(1,199)	(1,697)
Other current assets	-	-	-	(2)	(204)	-	364	(799)	-	-	-	-
Accounts payable and accrued expenses	2,401	772	156	752	(473)	(241)	273	302	271	31	(739)	(1,056)
Other current liabilities	670	1,020	449	(360)	(160)	(161)	63	127	579	-	-	-
Other noncurrent liabilities	3,097	1,559	547	-	-	-	-	-	-	-	-	-
Payments attributed to intercompany balances with Inotera	-	-	-	-	-	-	-	-	-	-	-	-
Customer prepayments	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes, net	-	-	-	-	-	-	-	-	-	-	-	-
Other	213	(339)	238	168	15	173	147	85	72	79	(4)	(18)
Net cash provided by operating activities	25,388	11,903	8,411	4,609	3,942	3,244	2,482	1,219	1,401	24	343	943
Cash flows from investing activities
(Decrease) in customer prepayments	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of Inotera	-	-	-	-	-	-	-	-	-	-	-	-
Expenditures for property, plant, and equipment	(7,826)	(6,387)	(5,389)	(2,938)	(4,055)	(3,206)	(2,086)	(1,384)	(1,796)	(1,561)	(2,205)	(2,449)
Purchases of available-for-sale securities	(2,952)	(865)	(255)	(387)	(439)	(377)	(645)	(266)	(199)	(203)	(203)	(90)
Payments to settle hedging activities	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of available-for-sale securities	-	-	-	-	-	-	-	-	-	14	4	4
Proceeds from maturities of available-for-sale securities	-	-	-	-	-	-	-	-	-	405	407	358
Proceeds from government incentives	733	1,378	878	266	963	65	33	149	85	184	62	2
Proceeds from maturities and sales of available-for-sale securities	532	433	268	375	446	428	707	352	374	-	-	-
Proceeds from sale of Lehi, Utah fab	-	-	-	-	-	-	-	-	-	-	-	0
Proceeds from sales of property, plant and equipment	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from settlement of hedging activities	-	-	-	-	-	-	-	-	-	-	-	-
Loan to Inotera	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of noncontrolling interests in TECH	-	-	-	-	-	-	-	-	-	-	-	-
Additions to equity method investments	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in restricted cash	-	-	-	-	-	-	-	-	-	-	-	-
Return of equity method investment	-	-	-	-	-	-	-	-	-	-	-	-
Other	(56)	(84)	(96)	95	(67)	(58)	(11)	(2)	(22)	(19)	20	(91)
Net cash used for investing activities	(9,569)	(5,525)	(4,594)	(2,589)	(3,152)	(3,148)	(2,002)	(1,151)	(1,558)	(1,180)	(1,915)	(2,266)
Cash flows from financing activities
Acquisition of noncontrolling interest in IMFT	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from equipment sale-leaseback transactions	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of debt	-	-	-	1,748	2,682	-	-	999	0	1,495	1,872	3,349
Proceeds from issuance of stock under equity plans	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of debt	(4,754)	(1,683)	(2,943)	(978)	(2,542)	(84)	(715)	(1,048)	(53)	(653)	(33)	(20)
Repurchases of common stock - repurchase program	-	(350)	(300)	-	-	-	-	-	0	-	-	(425)
Repurchases of common stock - withholdings on employee equity awards	(217)	(178)	(367)	-	-	-	-	-	-	-	-	-
Payments of dividends to shareholders	(171)	(132)	(134)	(131)	(130)	(131)	(128)	(127)	(129)	(126)	(126)	(126)
Distributions to noncontrolling interests	-	-	-	-	-	-	-	-	-	-	-	-
Payments on equipment purchase contracts	-	-	-	-	-	0	(45)	(26)	(56)	(36)	(29)	(47)
Proceeds from issuance of stock	-	-	-	-	-	-	-	-	-	-	-	-
Contributions from noncontrolling interests	-	-	-	-	-	-	-	-	-	-	-	-
Cash received for capped call transactions	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for capped call transactions	-	-	-	-	-	-	-	-	-	-	-	-
Other	408	176	(1)	(99)	86	(207)	(22)	96	(114)	(19)	118	(99)
Net cash provided by (used for) financing activities	(4,734)	(2,167)	(3,745)	540	96	(422)	(910)	(106)	(352)	661	1,802	2,632
Effect of changes in currency exchange rates on cash and equivalents	-	-	-	-	-	-	-	-	-	-	-	-
Effect on changes in currency exchange rates on cash and cash equivalents	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and equivalents	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes refunded (paid), net	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid, net of amounts capitalized	-	-	-	-	-	-	-	-	-	-	-	-
Noncash investing and financing activities:
Acquisition of noncontrolling interest	-	-	-	-	-	-	-	-	-	-	-	-
Exchange of convertible notes	-	-	-	-	-	-	-	-	-	-	-	-
Equipment acquisitions on contracts payable and capital leases	-	-	-	-	-	-	-	-	-	-	-	-
Exchange of convertible notes	-	-	-	-	-	-	-	-	-	-	-	-
Effect of changes in currency exchange rates on cash, cash equivalents, and restricted cash	3	(9)	14	46	(20)	(29)	(7)	(7)	(1)	(22)	15	(6)
Net increase in cash, cash equivalents, and restricted cash	11,088	4,202	86	2,606	866	(355)	(437)	(45)	(510)	(517)	245	1,303
Supplemental disclosure
Non-cash acquisitions of finance lease right-of-use assets	$ 21	$ 11	-	-	-	-	-	-	-	-	-	-