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Micron Technology (MU) operating margin by quarter

Micron Technology's operating margin was 80.7% in Q4 FY26 (fourth quarter fiscal 2026), +0.3 pts from Q3 FY26. Over the last 7 quarters it ranged from 22.0% (Q2 FY25) to 80.7% (Q4 FY26).

Micron Technology operating margin by quarterMicron Technology operating margin by quarter22.0%Q2 FY2523.3%Q3 FY2532.3%Q4 FY2545.0%Q1 FY2667.6%Q2 FY2680.4%Q3 FY2680.7%Q4 FY26
QuarterOperating marginQ/QY/Y
Q4 FY2680.7%+0.3 pts+48.4 pts
Q3 FY2680.4%+12.7 pts+57.0 pts
Q2 FY2667.6%+22.6 pts+45.6 pts
Q1 FY2645.0%+12.7 pts—
Q4 FY2532.3%+9.0 pts—
Q3 FY2523.3%+1.3 pts—
Q2 FY2522.0%——

Q4 FY26 at a glance

Micron Technology, Q4 FY26: revenue $54.2B (+379% year over year), operating margin 80.7%, net earnings $37.7B, operating cash flow $44.0B. The chart follows the revenue to costs, profit and cash.

Questions

What is Micron Technology's operating margin?

Micron Technology's operating margin was 80.7% in Q4 FY26 (fourth quarter fiscal 2026), +0.3 pts from Q3 FY26.

How has Micron Technology's operating margin changed?

Over the last 7 quarters it ranged from 22.0% (Q2 FY25) to 80.7% (Q4 FY26).

Q4 FY26 results → · How Micron Technology makes money →