Net Profit Margin
since 2005
Calculation
Micron Technology Inc., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income (loss)1 | ÷ | Revenue1 | |
|---|---|---|---|---|---|---|---|
| Sep 3, 2026 | 63.80% | = | 100 | × | 84,969) | ÷ | 133,188) |
| Aug 28, 2025 | 22.84% | = | 100 | × | 8,539) | ÷ | 37,378) |
| Aug 29, 2024 | 3.10% | = | 100 | × | 778) | ÷ | 25,111) |
| Aug 31, 2023 | -37.54% | = | 100 | × | (5,833) | ÷ | 15,540) |
| Sep 1, 2022 | 28.24% | = | 100 | × | 8,687) | ÷ | 30,758) |
| Sep 2, 2021 | 21.16% | = | 100 | × | 5,861) | ÷ | 27,705) |
| Sep 3, 2020 | 12.54% | = | 100 | × | 2,687) | ÷ | 21,435) |
| Aug 29, 2019 | 26.97% | = | 100 | × | 6,313) | ÷ | 23,406) |
| Aug 30, 2018 | 46.51% | = | 100 | × | 14,135) | ÷ | 30,391) |
| Aug 31, 2017 | 25.04% | = | 100 | × | 5,089) | ÷ | 20,322) |
| Sep 1, 2016 | -2.23% | = | 100 | × | (276) | ÷ | 12,399) |
| Sep 3, 2015 | 17.90% | = | 100 | × | 2,899) | ÷ | 16,192) |
| Aug 28, 2014 | 18.61% | = | 100 | × | 3,045) | ÷ | 16,358) |
| Aug 29, 2013 | 13.12% | = | 100 | × | 1,190) | ÷ | 9,073) |
| Aug 30, 2012 | -12.53% | = | 100 | × | (1,032) | ÷ | 8,234) |
| Sep 1, 2011 | 1.90% | = | 100 | × | 167) | ÷ | 8,788) |
| Sep 2, 2010 | 21.81% | = | 100 | × | 1,850) | ÷ | 8,482) |
| Sep 3, 2009 | -38.21% | = | 100 | × | (1,835) | ÷ | 4,803) |
| Aug 28, 2008 | -27.72% | = | 100 | × | (1,619) | ÷ | 5,841) |
| Aug 30, 2007 | -5.63% | = | 100 | × | (320) | ÷ | 5,688) |
| Aug 31, 2006 | 7.74% | = | 100 | × | 408) | ÷ | 5,272) |
| Sep 1, 2005 | 3.85% | = | 100 | × | 188) | ÷ | 4,880) |
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), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-09-01), 10-K (reporting date: 2015-09-03), 10-K (reporting date: 2014-08-28), 10-K (reporting date: 2013-08-29), 10-K (reporting date: 2012-08-30), 10-K (reporting date: 2011-09-01), 10-K (reporting date: 2010-09-02), 10-K (reporting date: 2009-09-03), 10-K (reporting date: 2008-08-28), 10-K (reporting date: 2007-08-30), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-09-01).
1 US$ in millions
The financial trajectory from 2005 to 2026 is characterized by extreme cyclicality, with net profit margins exhibiting frequent and severe fluctuations between significant losses and high profitability. A recurring pattern of volatility is evident, where periods of deep contraction are followed by rapid recoveries, reflecting a high sensitivity to industry cycles.
- Cyclical Margin Volatility
- Net profit margins have experienced several sharp declines, most notably in 2009 (-38.21%) and 2023 (-37.54%). These periods of loss are consistently interrupted by aggressive rebounds, such as the shift to a 21.81% margin in 2010 and the return to a 3.10% margin in 2024, indicating a capacity for rapid operational recovery after downturns.
- Profitability Peaks and Expansion
- Two primary peaks in profitability are observable. The first occurred in 2018, when the net profit margin reached 46.51%. A second, more pronounced peak is recorded for 2026, with the margin climbing to 63.80%. This latter peak is accompanied by an unprecedented surge in net income to 84,969 million US$, suggesting a shift toward significantly higher value capture in the final years of the period.
- Revenue Growth and Scale
- There is a long-term upward trend in revenue, increasing from 4,880 million US$ in 2005 to 133,188 million US$ by 2026. While revenue has expanded substantially, it has not provided a hedge against volatility; for instance, despite revenues exceeding 15,000 million US$ in 2023, the company still incurred a substantial net loss, highlighting that volume growth does not consistently guarantee margin stability.
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Comparison to Competitors
Micron Technology Inc., net profit margin, long-term trends, comparison to competitors
| Micron Technology Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Marvell Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 3, 2026 | 63.80% | — | — | — | — | — | 35.57% | 31.27% | 32.58% | 55.60% | — | — |
| Aug 28, 2025 | 22.84% | 12.51% | 20.58% | 24.67% | 36.20% | -0.51% | 33.41% | 29.06% | -15.35% | 55.85% | 12.51% | 28.28% |
| Aug 29, 2024 | 3.10% | 6.36% | 17.35% | 26.41% | 11.43% | -35.32% | 28.15% | 25.68% | -16.95% | 48.85% | 26.03% | 30.68% |
| Aug 31, 2023 | -37.54% | 3.77% | 26.94% | 25.86% | 39.31% | 3.11% | 32.27% | 25.88% | -2.76% | 16.19% | 20.19% | 37.16% |
| Sep 1, 2022 | 28.24% | 5.59% | 22.88% | 25.31% | 34.62% | 12.71% | 36.06% | 26.73% | -9.44% | 36.23% | 29.27% | 43.68% |
| Sep 2, 2021 | 21.16% | 19.24% | 19.00% | 25.53% | 24.54% | 25.14% | 30.04% | 26.72% | -9.34% | 25.98% | 26.94% | 42.35% |
| Sep 3, 2020 | 12.54% | 25.50% | 21.79% | 21.04% | 12.39% | 26.84% | 20.96% | 22.42% | 58.70% | 25.61% | 22.09% | 38.69% |
| Aug 29, 2019 | 26.97% | 5.07% | 22.75% | 18.52% | 12.05% | 29.25% | 25.73% | 22.70% | -6.25% | 35.34% | 18.07% | 34.88% |
| Aug 30, 2018 | 46.51% | 5.20% | 24.12% | 19.20% | 58.80% | 29.72% | 19.87% | 21.49% | 21.62% | 31.37% | -21.40% | 35.35% |
| Aug 31, 2017 | 25.04% | 0.81% | 14.24% | 23.62% | 9.59% | 15.30% | 26.61% | 21.19% | 0.91% | 24.11% | 11.06% | 24.61% |
| Sep 1, 2016 | -2.23% | -11.63% | 25.18% | 15.90% | -13.13% | 17.37% | 23.60% | 15.53% | -29.77% | 12.26% | 24.22% | 26.89% |
| Sep 3, 2015 | 17.90% | -16.54% | 20.29% | 14.26% | 19.99% | 20.63% | 13.01% | 12.47% | 11.74% | 13.47% | 20.85% | 22.97% |
| Aug 28, 2014 | 18.61% | -7.32% | 21.97% | 11.82% | 6.16% | 20.95% | 19.89% | 13.72% | 9.26% | 10.65% | 30.08% | 21.63% |
| Aug 29, 2013 | 13.12% | -1.57% | 25.57% | 3.41% | 21.90% | 18.25% | 19.11% | 3.16% | 9.68% | 13.14% | 27.56% | 17.71% |
| Aug 30, 2012 | -12.53% | -21.82% | 24.11% | 1.25% | 23.82% | 20.63% | 23.83% | 6.33% | 18.13% | 14.53% | 31.95% | 13.72% |
| Sep 1, 2011 | 1.90% | 7.48% | 28.98% | 18.31% | 23.63% | 23.97% | 25.02% | 22.35% | 25.03% | 7.14% | 28.48% | 16.28% |
| Sep 2, 2010 | 21.81% | 7.25% | 25.79% | 9.82% | 19.83% | 26.28% | 11.66% | 16.25% | 12.59% | -2.04% | 29.54% | 23.11% |
| Sep 3, 2009 | -38.21% | 5.63% | 12.30% | -6.09% | -2.96% | 12.44% | -34.43% | -27.08% | 4.99% | -0.88% | 15.28% | 14.10% |
| Aug 28, 2008 | -27.72% | -53.34% | 30.44% | 11.82% | — | 14.08% | 14.24% | 17.75% | -3.95% | 19.46% | 28.36% | 15.36% |
| Aug 30, 2007 | -5.63% | -56.19% | 19.52% | 17.57% | — | 18.20% | 19.34% | 26.72% | -0.54% | 14.63% | 37.23% | 19.20% |
| Aug 31, 2006 | 7.74% | -2.94% | 21.35% | 16.54% | — | 14.26% | 18.37% | 20.45% | 19.84% | 12.74% | 32.82% | 30.45% |
| Sep 1, 2005 | 3.85% | 2.83% | 17.36% | 17.30% | — | 22.31% | 22.38% | 19.92% | 11.57% | 4.99% | 37.78% | 17.35% |
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), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-09-01), 10-K (reporting date: 2015-09-03), 10-K (reporting date: 2014-08-28), 10-K (reporting date: 2013-08-29), 10-K (reporting date: 2012-08-30), 10-K (reporting date: 2011-09-01), 10-K (reporting date: 2010-09-02), 10-K (reporting date: 2009-09-03), 10-K (reporting date: 2008-08-28), 10-K (reporting date: 2007-08-30), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-09-01).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Micron Technology Inc., net profit margin, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Micron Technology Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Sep 3, 2026 | 63.80% | — |
| Aug 28, 2025 | 22.84% | 29.97% |
| Aug 29, 2024 | 3.10% | 14.42% |
| Aug 31, 2023 | -37.54% | 16.64% |
| Sep 1, 2022 | 28.24% | 25.04% |
| Sep 2, 2021 | 21.16% | 25.45% |
| Sep 3, 2020 | 12.54% | 23.53% |
| Aug 29, 2019 | 26.97% | 24.08% |
| Aug 30, 2018 | 46.51% | 27.58% |
| Aug 31, 2017 | 25.04% | 16.90% |
| Sep 1, 2016 | -2.23% | 13.44% |
| Sep 3, 2015 | 17.90% | 18.27% |
| Aug 28, 2014 | 18.61% | 19.57% |
| Aug 29, 2013 | 13.12% | 17.41% |
| Aug 30, 2012 | -12.53% | 15.96% |
| Sep 1, 2011 | 1.90% | 20.49% |
| Sep 2, 2010 | 21.81% | 21.44% |
| Sep 3, 2009 | -38.21% | 6.08% |
| Aug 28, 2008 | -27.72% | 9.29% |
| Aug 30, 2007 | -5.63% | 13.69% |
| Aug 31, 2006 | 7.74% | 17.71% |
| Sep 1, 2005 | 3.85% | 19.00% |
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), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-09-01), 10-K (reporting date: 2015-09-03), 10-K (reporting date: 2014-08-28), 10-K (reporting date: 2013-08-29), 10-K (reporting date: 2012-08-30), 10-K (reporting date: 2011-09-01), 10-K (reporting date: 2010-09-02), 10-K (reporting date: 2009-09-03), 10-K (reporting date: 2008-08-28), 10-K (reporting date: 2007-08-30), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-09-01).
Comparison to Industry (Information Technology)
Micron Technology Inc., net profit margin, long-term trends, comparison to industry (information technology)
| Micron Technology Inc. | Information Technology | |
|---|---|---|
| Sep 3, 2026 | 63.80% | — |
| Aug 28, 2025 | 22.84% | 25.66% |
| Aug 29, 2024 | 3.10% | 20.48% |
| Aug 31, 2023 | -37.54% | 20.24% |
| Sep 1, 2022 | 28.24% | 22.27% |
| Sep 2, 2021 | 21.16% | 23.48% |
| Sep 3, 2020 | 12.54% | 19.76% |
| Aug 29, 2019 | 26.97% | 19.73% |
| Aug 30, 2018 | 46.51% | 18.59% |
| Aug 31, 2017 | 25.04% | 17.77% |
| Sep 1, 2016 | -2.23% | 17.58% |
| Sep 3, 2015 | 17.90% | 18.32% |
| Aug 28, 2014 | 18.61% | 19.33% |
| Aug 29, 2013 | 13.12% | 20.15% |
| Aug 30, 2012 | -12.53% | 20.07% |
| Sep 1, 2011 | 1.90% | 20.71% |
| Sep 2, 2010 | 21.81% | 20.19% |
| Sep 3, 2009 | -38.21% | 14.45% |
| Aug 28, 2008 | -27.72% | 15.07% |
| Aug 30, 2007 | -5.63% | 15.71% |
| Aug 31, 2006 | 7.74% | 16.26% |
| Sep 1, 2005 | 3.85% | 16.64% |
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), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-09-01), 10-K (reporting date: 2015-09-03), 10-K (reporting date: 2014-08-28), 10-K (reporting date: 2013-08-29), 10-K (reporting date: 2012-08-30), 10-K (reporting date: 2011-09-01), 10-K (reporting date: 2010-09-02), 10-K (reporting date: 2009-09-03), 10-K (reporting date: 2008-08-28), 10-K (reporting date: 2007-08-30), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-09-01).