Stock Analysis on Net
Stock Analysis on Net

Micron Technology Inc. (NASDAQ:MU)

$24.99

Operating Profit Margin
since 2005

Microsoft Excel

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Calculation

Micron Technology Inc., operating profit margin, long-term trends, calculation

Microsoft Excel
Operating profit margin = 100 × Operating income (loss)1 ÷ Revenue1
Aug 28, 2025 = 100 × ÷
Aug 29, 2024 = 100 × ÷
Aug 31, 2023 = 100 × ÷
Sep 1, 2022 = 100 × ÷
Sep 2, 2021 = 100 × ÷
Sep 3, 2020 = 100 × ÷
Aug 29, 2019 = 100 × ÷
Aug 30, 2018 = 100 × ÷
Aug 31, 2017 = 100 × ÷
Sep 1, 2016 = 100 × ÷
Sep 3, 2015 = 100 × ÷
Aug 28, 2014 = 100 × ÷
Aug 29, 2013 = 100 × ÷
Aug 30, 2012 = 100 × ÷
Sep 1, 2011 = 100 × ÷
Sep 2, 2010 = 100 × ÷
Sep 3, 2009 = 100 × ÷
Aug 28, 2008 = 100 × ÷
Aug 30, 2007 = 100 × ÷
Aug 31, 2006 = 100 × ÷
Sep 1, 2005 = 100 × ÷

Based on: 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

Operating Income (Loss)
The operating income exhibited significant volatility over the years, with notable fluctuations between positive and negative values. Initially, from 2005 to 2007, the company experienced a decline, moving from a profit of $218 million in 2005 to losses reaching as low as -$1,675 million in 2009. A recovery phase followed, with operating income turning positive again from 2010 onwards, peaking at $14,994 million in 2018. Afterward, the operating income showed variability, including years of decline with losses in 2023, before rebounding strongly to $9,770 million in 2025.
Revenue
Revenue generally trended upward over the period analyzed, indicating growth in the company’s sales. Starting from $4,880 million in 2005, revenue experienced fluctuations but showed remarkable increases particularly from 2010 onward, reaching peaks of $30,758 million in 2022 and $37,378 million in 2025. Despite some dips, especially notable in 2016 and 2023, the overall trajectory reflects consistent revenue expansion.
Operating Profit Margin (%)
The operating profit margin mirrored the pattern of operating income, revealing substantial volatility. Negative margins were evident during periods of operating losses, such as from 2007 to 2009 and again in 2012 and 2023, with the lowest margin at -36.97% in 2023. Conversely, strong positive margins were observed in several years, notably achieving nearly 50% in 2018. The margin’s cyclicality suggests periods of operational challenges interspersed with phases of high profitability and efficiency improvement.
Summary of Trends and Insights
The company demonstrated a cyclical financial performance characterized by sharp downturns followed by significant recoveries. Operating income and profit margins faced periods of substantial losses, notably during the late 2000s and early 2020s, which could be linked to external market conditions or internal operational issues. However, these downturns were generally followed by robust rebounds both in profitability and revenue, showcasing resilience and growth potential.
The substantial revenue growth, especially from 2010 onward, indicates successful expansion or increased market penetration despite the intermittent profitability challenges. The operating profit margin’s variation points to fluctuations in cost management and pricing power, highlighting areas where operational efficiency may be improved.
Overall, the financial data reflects the company’s exposure to cyclical industry dynamics but also reveals an underlying capacity for recovery and growth, with recent years demonstrating strong earnings relative to revenue.

Comparison to Competitors

Micron Technology Inc., operating profit margin, long-term trends, comparison to competitors

Microsoft Excel
Micron Technology Inc. Advanced Micro Devices Inc. Analog Devices Inc. Applied Materials Inc. Broadcom Inc. Intel Corp. Lam Research Corp. NVIDIA Corp. Qualcomm Inc. Texas Instruments Inc.
Aug 28, 2025
Aug 29, 2024
Aug 31, 2023
Sep 1, 2022
Sep 2, 2021
Sep 3, 2020
Aug 29, 2019
Aug 30, 2018
Aug 31, 2017
Sep 1, 2016
Sep 3, 2015
Aug 28, 2014
Aug 29, 2013
Aug 30, 2012
Sep 1, 2011
Sep 2, 2010
Sep 3, 2009
Aug 28, 2008
Aug 30, 2007
Aug 31, 2006
Sep 1, 2005

Based on: 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).