Filing Flows › Micron Technology (MU) › Q4 FY26
Micron Technology (MU) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Oct 9, 2026
Micron Technology (MU) reported revenue of $54.2B for the fourth quarter fiscal 2026 (Q4 FY26), +379% from a year earlier and +31% from the quarter before. Operating margin was 80.7%, net earnings $37.7B (69.5% of revenue).
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.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $54.2B | +31% | +379% |
| Gross profit | $47.0B | +34% | +831% |
| Operating profit | $43.8B | +31% | 12× |
| Net earnings | $37.7B | +33% | 12× |
| Operating cash flow | $44.0B | +73% | +667% |
| Free cash flow | $32.9B | +87% | 456× |
What changed
Revenue was $54.2B in Q4 FY26, up 379% year over year and up 31% from the previous quarter. DRAM was the largest line at 73% of revenue.
Gross margin was 86.8%, up 42.1 points from Q4 FY25. Operating profit was $43.8B, a 80.7% margin (up 48.4 points year over year). Of the extra revenue versus Q4 FY25, 93% reached operating profit, above the 32% margin then. Operating expenses grew 135% against revenue growth of 379%. The fastest-growing cost line was Other operating costs (+1244%). Net earnings were $37.7B, up 1078% year over year. The effective tax rate was 14.9%.
Operating cash flow was $44.0B (up 667% year over year), 117% of net earnings. Non-cash charges added back $2.6B of depreciation and amortization and $0.38B of share-based compensation. Working capital and other items added $3.3B. Capital expenditures of $11.1B left free cash flow of $32.9B.
Questions
What was Micron Technology's revenue in the fourth quarter fiscal 2026?
Micron Technology (MU) reported revenue of $54.2B for the fourth quarter fiscal 2026 (Q4 FY26), +379% from a year earlier and +31% from the quarter before.
Was Micron Technology profitable in the fourth quarter fiscal 2026?
Operating profit was $43.8B (80.7% of revenue) and net earnings $37.7B.
Source: Micron Technology 10-K on SEC EDGAR.