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Taiwan Semiconductor Manufacturing vs Micron Technology: TSM and MU compared
Taiwan Semiconductor Manufacturing is the larger company: $2.89T of revenue in its latest quarter (FY2024) against $54.2B for Micron Technology (Q4 FY26). Micron Technology is growing faster (+379% against +34% a year earlier). Micron Technology is more profitable, with an operating margin of 80.7% against 45.7%.
Where the money goes: TSM and MU
Taiwan Semiconductor Manufacturing (TSM) · FY2024
Taiwan Semiconductor Manufacturing, FY2024: revenue $2.89T (+34% year over year), operating margin 45.7%, net earnings $1.16T, operating cash flow $1.83T. The chart follows the revenue to costs, profit and cash.
Micron Technology (MU) · Q4 FY26
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.
| Taiwan Semiconductor Manufacturing (TSM) | Micron Technology (MU) | |
|---|---|---|
| Latest quarter | FY2024 | Q4 FY26 |
| Revenue | $2.89T | $54.2B |
| Revenue growth, Y/Y | +34% | +379% |
| Gross margin | 56.1% | 86.8% |
| Operating margin | 45.7% | 80.7% |
| Net earnings | $1.16T | $37.7B |
| Net margin | 40.0% | 69.5% |
| Operating cash flow | $1.83T | $44.0B |
| Free cash flow | $870.2B | $32.9B |
| Market value | — | $751.6B |
| P/E | — | 8.8× |
| Analysts’ mean target | — | $1561.91 |
Where the revenue comes from
Micron Technology
- DRAM: $39.8B (73%)
- NAND: $14.1B (26%)
- Other (primarily NOR): $356M (1%)
Questions
Which is bigger, Taiwan Semiconductor Manufacturing or Micron Technology?
Taiwan Semiconductor Manufacturing is the larger company: $2.89T of revenue in its latest quarter (FY2024) against $54.2B for Micron Technology (Q4 FY26).
Is Taiwan Semiconductor Manufacturing or Micron Technology growing faster?
Micron Technology is growing faster (+379% against +34% a year earlier).
Which is more profitable, Taiwan Semiconductor Manufacturing or Micron Technology?
Micron Technology is more profitable, with an operating margin of 80.7% against 45.7%.
More: Taiwan Semiconductor Manufacturing earnings · how Taiwan Semiconductor Manufacturing makes money · Micron Technology earnings · how Micron Technology makes money
From the companies' latest 10-Q, 10-K or earnings release (20-F filed Apr 17, 2025; 10-K filed Oct 9, 2026). Fiscal quarters can end on different dates. Not investment advice.