Balance Sheet: Assets
Quarterly Data
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.
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- Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Solvency Ratios
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Current Ratio since 2005
- Total Asset Turnover since 2005
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Micron Technology Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2026-05-28), 10-Q (reporting date: 2026-02-26), 10-Q (reporting date: 2025-11-27), 10-K (reporting date: 2025-08-28), 10-Q (reporting date: 2025-05-29), 10-Q (reporting date: 2025-02-27), 10-Q (reporting date: 2024-11-28), 10-K (reporting date: 2024-08-29), 10-Q (reporting date: 2024-05-30), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-06-01), 10-Q (reporting date: 2023-03-02), 10-Q (reporting date: 2022-12-01), 10-K (reporting date: 2022-09-01), 10-Q (reporting date: 2022-06-02), 10-Q (reporting date: 2022-03-03), 10-Q (reporting date: 2021-12-02), 10-K (reporting date: 2021-09-02), 10-Q (reporting date: 2021-06-03), 10-Q (reporting date: 2021-03-04), 10-Q (reporting date: 2020-12-03), 10-K (reporting date: 2020-09-03), 10-Q (reporting date: 2020-05-28), 10-Q (reporting date: 2020-02-27), 10-Q (reporting date: 2019-11-28).
Total assets exhibit a consistent long-term upward trajectory, expanding from 49,649 million USD in November 2019 to 134,112 million USD by May 2026. This growth is characterized by a steady climb through 2023, followed by a period of significant acceleration starting in late 2025, with the most substantial increase occurring between February 2026 and May 2026.
- Current Asset Dynamics
- Current assets grew from 16,167 million USD to 66,737 million USD over the analyzed period. The primary driver of this expansion is the growth in receivables, which rose from 3,419 million USD in November 2019 to 31,025 million USD in May 2026. This surge suggests a substantial increase in sales volume or a shift in credit terms. Cash and cash equivalents remained relatively stable between 6,000 and 10,000 million USD for several years before experiencing a sharp increase to 24,995 million USD in the final quarter. Inventories showed a gradual increase, rising from 4,943 million USD to 8,567 million USD, indicating a scaling of operational capacity to meet demand.
- Noncurrent Asset Expansion
- Noncurrent assets increased from 33,482 million USD to 67,375 million USD. Property, plant, and equipment (PP&E) represent the largest component of this category, nearly doubling from 29,352 million USD in November 2019 to 56,426 million USD in May 2026. This continuous growth reflects significant and sustained capital expenditure in manufacturing capacity. Other noncurrent assets also saw an upward trend, particularly in the latter part of the period, increasing from 579 million USD to 3,837 million USD. Intangible assets and goodwill remained comparatively stable, contributing minimally to the overall asset growth.
- Liquidity and Capital Structure Trends
- The company maintains a strong liquidity position, with a notable shift in the composition of its short-term assets. While short-term investments remained low and relatively flat, the dramatic increase in cash and receivables in 2026 indicates a period of rapid financial expansion. The ratio of current assets to noncurrent assets shifted over time; while noncurrent assets dominated the balance sheet for the majority of the period, the rapid growth in current assets in 2026 has significantly altered the asset distribution.
- Growth Acceleration Analysis
- A distinct inflection point is observed starting in February 2026. Total assets increased by approximately 32,603 million USD in a single quarter, moving from 101,509 million USD in February 2026 to 134,112 million USD in May 2026. This outlier growth is almost exclusively attributed to a surge in receivables (increasing from 17,314 million USD to 31,025 million USD) and cash and cash equivalents (increasing from 13,908 million USD to 24,995 million USD).