Name: Micron Technology Inc. (NASDAQ:MU) | Balance Sheet: Assets
Creator: Stock Analysis on Net

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Assets: Selected Items

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Current Assets: Selected Items

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Micron Technology Inc., consolidated balance sheet: assets

US$ in millions

	Sep 3, 2026	Aug 28, 2025	Aug 29, 2024	Aug 31, 2023	Sep 1, 2022	Sep 2, 2021
Cash and equivalents	38,364)	9,642)	7,041)	8,577)	8,262)	7,763)
Short-term investments	5,070)	665)	1,065)	1,017)	1,069)	870)
Trade receivables	31,793)	7,163)	5,419)	2,048)	4,765)	4,920)
Government incentives	3,319)	1,572)	834)	105)	—)	—)
Income and other taxes	635)	436)	268)	194)	251)	264)
Other	450)	94)	94)	96)	114)	127)
Receivables	36,197)	9,265)	6,615)	2,443)	5,130)	5,311)
Inventories	10,372)	8,355)	8,875)	8,387)	6,663)	4,487)
Assets held for sale	—)	—)	—)	—)	13)	974)
Other current assets	1,067)	914)	776)	820)	644)	502)
Current assets	91,070)	28,841)	24,372)	21,244)	21,781)	19,907)
Long-term marketable investments	30,019)	1,629)	1,046)	844)	1,647)	1,765)
Property, plant, and equipment	63,310)	46,590)	39,749)	37,928)	38,549)	33,213)
Goodwill	1,150)	1,150)	1,150)	1,150)	1,228)	1,228)
Other noncurrent assets	10,339)	4,588)	3,099)	3,088)	3,078)	2,736)
Noncurrent assets	104,818)	53,957)	45,044)	43,010)	44,502)	38,942)
Total assets	195,888)	82,798)	69,416)	64,254)	66,283)	58,849)

Based on: 10-K (reporting date: 2026-09-03), 10-K (reporting date: 2025-08-28), 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02).

Total assets exhibit a trajectory of moderate growth from 2021 through 2025, followed by a substantial expansion in 2026. Total assets increased from 58,849 million USD in 2021 to 82,798 million USD by 2025, before surging to 195,888 million USD in 2026. This growth is primarily driven by aggressive increases in both current and noncurrent asset categories.

Current Asset Trends: Current assets grew from 19,907 million USD in 2021 to 91,070 million USD in 2026. A significant volatility is observed in trade receivables, which declined to a low of 2,048 million USD in 2023 before escalating to 31,793 million USD by 2026. Cash and equivalents remained relatively stable between 7,041 million USD and 9,642 million USD from 2021 to 2025, but experienced a sharp increase to 38,364 million USD in 2026. Inventories showed a consistent upward trend, rising from 4,487 million USD in 2021 to 10,372 million USD in 2026, indicating expanded production capacity or strategic stockpiling.
Noncurrent Asset Expansion: Noncurrent assets increased from 38,942 million USD in 2021 to 104,818 million USD in 2026. Property, plant, and equipment (PPE) demonstrated steady growth, increasing from 33,213 million USD in 2021 to 63,310 million USD in 2026, reflecting sustained capital expenditure in infrastructure. Long-term marketable investments remained modest until 2026, where a significant jump to 30,019 million USD was recorded. Goodwill remained largely stagnant, fluctuating slightly around 1,150 million USD to 1,228 million USD.
Strategic Asset Indicators: Government incentives emerged as a new asset item in 2023 at 105 million USD and grew rapidly to 3,319 million USD by 2026. This trend suggests an increasing reliance on or benefit from state-sponsored industrial subsidies. Additionally, other noncurrent assets saw a marked increase from 2,736 million USD in 2021 to 10,339 million USD in 2026.

The overall asset structure shifts from a balance dominated by fixed assets (PPE) toward a high-liquidity profile by 2026, characterized by massive increases in cash, receivables, and long-term investments. The simultaneous growth in PPE and government incentives points toward a period of intensive industrial scaling.

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