Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
Micron Technology Inc., consolidated statement of comprehensive income
US$ in millions
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).
The financial trajectory exhibits significant volatility, characterized by a sharp contraction in the 2023 fiscal period followed by a projected period of aggressive expansion. The recovery phase begins in 2024, leading toward a substantial increase in profitability by 2026.
- Net Income Volatility and Growth
- Net income rose from US$ 5,861 million in 2021 to US$ 8,687 million in 2022, before plummeting to a loss of US$ 5,833 million in 2023. A recovery is observed in 2024 with a return to profitability at US$ 778 million, followed by a projected increase to US$ 8,539 million in 2025 and a sharp escalation to US$ 84,969 million by 2026.
- Other Comprehensive Income (OCI) Trends
- OCI displays fluctuations that are marginal in scale relative to net income. A low of negative US$ 562 million was recorded in 2022, followed by a shift to positive territory in 2023 at US$ 248 million. The values remain relatively low through 2025, ending with a slight decline to negative US$ 41 million in 2026.
- Comprehensive Income Performance
- Comprehensive income closely mirrors the movements of net income, confirming that OCI has a negligible impact on the overall bottom line. After a significant deficit of negative US$ 5,585 million in 2023, the trend reverses to US$ 956 million in 2024, eventually reaching a projected peak of US$ 84,928 million in 2026.
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