Micron Technology, Inc. (MU) balance sheet
NASDAQ · Technology · Semiconductors · 61,000 employees · CEO Sanjay Mehrotra
- Price
- $884.74 -5.30%
- Market cap
- $1T
- Enterprise value
- $968B
- Last report
- Q4 '26 filed 2026-10-09
- Next report
- 2026-12-23 EPS est. $38.20
At the end of Q4 '26 Micron Technology, Inc. (MU) held $43.4B in cash and short-term investments against $5.18B of debt incl. leases. Total assets $196B, total liabilities $57.5B, shareholders' equity $138B.
Balance sheet
| Balance sheet | Trend | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $8.08B | $8.02B | $7.59B | $7.04B | $6.69B | $7.55B | $10.2B | $9.64B | $8.81B | $12.5B | $25B | $38.4B | |
| Short-term investments | $973M | $990M | $785M | $1.07B | $895M | $663M | $648M | $665M | $1.51B | $2.08B | $1.03B | $5.07B | |
| Receivables | $2.94B | $4.3B | $5.13B | $6.62B | $7.42B | $6.5B | $7.44B | $9.27B | $10.2B | $17.3B | $31B | $36.2B | |
| Inventory | $8.28B | $8.44B | $8.51B | $8.88B | $8.71B | $9.01B | $8.73B | $8.36B | $8.21B | $8.27B | $8.57B | $10.4B | |
| Other current assets | $791M | $1.69B | $1.3B | $776M | $777M | $963M | $945M | $914M | $957M | $1.22B | $1.12B | $1.07B | |
| Current assets | $21.1B | $23.4B | $23.3B | $24.4B | $24.5B | $24.7B | $27.9B | $28.8B | $29.7B | $41.4B | $66.7B | $91.1B | |
| Property, plant & equipment (net) | $38.3B | $38.2B | $38.6B | $40.4B | $42.1B | $43.2B | $45.4B | $47.3B | $49.2B | $52.1B | $57.1B | $63.3B | |
| Long-term investments | $720M | $627M | $775M | $1.05B | $1.16B | $1.38B | $1.4B | $1.63B | $1.7B | $2.04B | $4.11B | $30B | |
| Goodwill | $1.15B | $1.15B | $1.15B | $1.15B | $1.15B | $1.15B | $1.15B | $1.15B | $1.15B | $1.15B | $1.15B | $1.15B | |
| Intangible assets | $416M | $414M | $413M | $416M | $419M | $423M | $426M | $453M | $465M | $468M | $473M | $0 | |
| Deferred tax assets | $781M | $664M | $597M | $520M | $474M | $552M | $483M | $616M | $641M | $680M | $700M | $0 | |
| Other non-current assets | $1.33B | $1.2B | $1.42B | $1.52B | $1.67B | $1.7B | $1.62B | $2.78B | $3.18B | $3.67B | $3.84B | $10.3B | |
| Non-current assets | $42.7B | $42.3B | $42.9B | $45B | $47B | $48.4B | $50.5B | $54B | $56.3B | $60.1B | $67.4B | $105B | |
| Total assets | $63.8B | $65.7B | $66.3B | $69.4B | $71.5B | $73.1B | $78.4B | $82.8B | $86B | $102B | $134B | $196B | |
| Liabilities | |||||||||||||
| Accounts payable | $1.72B | $1.91B | $1.95B | $2.73B | $2.52B | $2.38B | $2.76B | $3.13B | $3.23B | $3.39B | $3.65B | $3.52B | |
| Accrued expenses | $931M | $1.05B | $1.41B | $1.43B | $1.44B | $614M | $1.24B | $1.12B | $1.12B | $1.09B | $2.16B | $0 | |
| Short-term debt | $693M | $106M | $106M | $106M | $106M | $573M | $0 | $634M | $637M | $585M | $0 | $0 | |
| Taxes payable | $97M | $188M | $121M | $218M | $247M | $366M | $397M | $0 | $0 | $0 | $0 | $0 | |
| Deferred revenue | $0 | $0 | $0 | $0 | $0 | $413M | $0 | $26M | $0 | $0 | $0 | $0 | |
| Other current liabilities | $1.11B | $1.24B | $1.3B | $1.52B | $1.36B | $3.53B | $836M | $5.92B | $6.35B | $7.84B | $3.39B | $17.8B | |
| Current liabilities | $5.96B | $6.26B | $6.84B | $9.25B | $9.02B | $7.88B | $10.1B | $11.5B | $12.1B | $14.3B | $19.5B | $27.5B | |
| Long-term debt | $11.3B | $11.9B | $11.2B | $11.2B | $11.2B | $11.5B | $12.4B | $14B | $8.84B | $7.34B | $5.14B | $2.79B | |
| Lease obligations (non-current) | $1.87B | $2.06B | $2.24B | $2.34B | $2.64B | $2.91B | $3.17B | $701M | $3.01B | $2.87B | $654M | $1.9B | |
| Deferred revenue (non-current) | $705M | $662M | $672M | $550M | $570M | $836M | $603M | $1.02B | $1.15B | $1B | $1.02B | $13.7B | |
| Other non-current liabilities | $1.03B | $956M | $1.05B | $911M | $1.24B | $1.26B | $1.31B | $1.44B | $2.1B | $3.54B | $7.09B | $11.7B | |
| Non-current liabilities | $14.9B | $15.6B | $15.2B | $15B | $15.6B | $16.5B | $17.5B | $17.2B | $15.1B | $14.8B | $13.9B | $30B | |
| Total liabilities | $20.9B | $21.8B | $22B | $24.3B | $24.7B | $24.4B | $27.6B | $28.6B | $27.2B | $29.1B | $33.4B | $57.5B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $124M | $125M | $125M | $125M | $126M | $126M | $126M | $127M | $127M | $127M | $128M | $128M | |
| Retained earnings | $39.4B | $40B | $40.2B | $40.9B | $42.4B | $43.8B | $45.6B | $48.6B | $53.3B | $66.8B | $94.7B | $132B | |
| Accumulated other comprehensive income | -$260M | -$264M | -$311M | -$134M | -$221M | -$191M | -$45M | -$32M | -$123M | -$82M | -$26M | -$73M | |
| Shareholders' equity | $42.9B | $43.9B | $44.2B | $45.1B | $46.8B | $48.6B | $50.7B | $54.2B | $58.8B | $72.5B | $101B | $138B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $14.1B | $14.3B | $13.9B | $14B | $14.4B | $15B | $16.1B | $15.3B | $12.5B | $10.8B | $6.38B | $5.18B | |
| Net debt (debt - cash) | $6.03B | $6.3B | $6.27B | $6.97B | $7.68B | $7.47B | $5.98B | $5.64B | $3.68B | -$1.74B | -$18.6B | -$33.2B | |
| Balance sheet | Trend | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $5.11B | $6.51B | $7.15B | $7.62B | $7.76B | $8.26B | $8.58B | $7.04B | $9.64B | $38.4B | |
| Short-term investments | $319M | $296M | $803M | $518M | $870M | $1.07B | $1.02B | $1.07B | $665M | $5.07B | |
| Receivables | $3.76B | $5.48B | $3.2B | $3.91B | $5.31B | $5.13B | $2.44B | $6.62B | $9.27B | $36.2B | |
| Inventory | $3.12B | $3.6B | $5.12B | $5.61B | $4.49B | $6.66B | $8.39B | $8.88B | $8.36B | $10.4B | |
| Other current assets | $147M | $164M | $235M | $304M | $1.48B | $657M | $820M | $776M | $914M | $1.07B | |
| Current assets | $12.5B | $16B | $16.5B | $18B | $19.9B | $21.8B | $21.2B | $24.4B | $28.8B | $91.1B | |
| Property, plant & equipment (net) | $19.4B | $23.7B | $28.2B | $31.6B | $33.8B | $39.2B | $38.6B | $40.4B | $47.3B | $63.3B | |
| Long-term investments | $633M | $473M | $1.16B | $1.05B | $1.77B | $1.65B | $844M | $1.05B | $1.63B | $30B | |
| Goodwill | $1.23B | $1.23B | $1.23B | $1.23B | $1.23B | $1.23B | $1.15B | $1.15B | $1.15B | $1.15B | |
| Intangible assets | $387M | $331M | $340M | $334M | $349M | $421M | $404M | $416M | $453M | $0 | |
| Deferred tax assets | $766M | $1.02B | $837M | $707M | $782M | $702M | $756M | $520M | $616M | $0 | |
| Other non-current assets | $434M | $611M | $575M | $781M | $1.05B | $1.28B | $1.26B | $1.52B | $2.78B | $10.3B | |
| Non-current assets | $22.9B | $27.3B | $32.4B | $35.7B | $38.9B | $44.5B | $43B | $45B | $54B | $105B | |
| Total assets | $35.3B | $43.4B | $48.9B | $53.7B | $58.8B | $66.3B | $64.3B | $69.4B | $82.8B | $196B | |
| Liabilities | |||||||||||
| Accounts payable | $1.33B | $1.69B | $1.68B | $2.19B | $1.74B | $2.14B | $1.73B | $2.73B | $3.13B | $3.52B | |
| Accrued expenses | $953M | $1.04B | $858M | $1.02B | $1.33B | $1.36B | $747M | $1.43B | $1.12B | $0 | |
| Short-term debt | $905M | $549M | $1.09B | $194M | $1M | $0 | $106M | $106M | $634M | $0 | |
| Taxes payable | $163M | $402M | $309M | $237M | $364M | $420M | $67M | $218M | $0 | $0 | |
| Deferred revenue | $605M | $491M | $0 | $0 | $0 | $0 | $0 | $0 | $26M | $0 | |
| Other current liabilities | $0 | $30M | $454M | $548M | $943M | $1.35B | $529M | $1.52B | $5.92B | $17.8B | |
| Current liabilities | $5.33B | $5.75B | $6.39B | $6.64B | $6.42B | $7.54B | $4.77B | $9.25B | $11.5B | $27.5B | |
| Long-term debt | $9.06B | $3.24B | $4.17B | $5.96B | $5.97B | $6.02B | $11.9B | $11.2B | $14B | $2.79B | |
| Lease obligations (non-current) | $833M | $536M | $368M | $943M | $1.15B | $1.39B | $1.71B | $2.34B | $701M | $1.9B | |
| Deferred revenue (non-current) | $0 | $227M | $636M | $643M | $808M | $589M | $727M | $550M | $1.02B | $13.7B | |
| Other non-current liabilities | $639M | $451M | $550M | $498M | $559M | $835M | $987M | $911M | $1.44B | $11.7B | |
| Non-current liabilities | $10.5B | $4.46B | $5.73B | $8.05B | $8.49B | $8.84B | $15.4B | $15B | $17.2B | $30B | |
| Total liabilities | $15.9B | $10.2B | $12.1B | $14.7B | $14.9B | $16.4B | $20.1B | $24.3B | $28.6B | $57.5B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $112M | $117M | $118M | $119M | $122M | $123M | $124M | $125M | $127M | $128M | |
| Retained earnings | $10.3B | $24.4B | $30.8B | $33.4B | $39.1B | $47.3B | $40.8B | $40.9B | $48.6B | $132B | |
| Accumulated other comprehensive income | $29M | $10M | $9M | $71M | $2M | -$560M | -$312M | -$134M | -$32M | -$73M | |
| Shareholders' equity | $18.6B | $32.3B | $35.9B | $39B | $43.9B | $49.9B | $44.1B | $45.1B | $54.2B | $138B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $11.2B | $4.64B | $5.85B | $7.18B | $7.28B | $7.52B | $13.9B | $14B | $15.3B | $5.18B | |
| Net debt (debt - cash) | $6.05B | -$1.87B | -$1.3B | -$448M | -$482M | -$746M | $5.36B | $6.97B | $5.64B | -$33.2B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-K 2026-09-03, 10-Q 2026-05-28, 10-Q 2026-02-26, 10-Q 2025-11-27, 10-K 2025-08-28, 10-Q 2025-05-29, 10-Q 2025-02-27, 10-Q 2024-11-28, 10-K 2024-08-29
Data as of 2026-11-01