Operating Profit Margin
since 2005
Calculation
Micron Technology Inc., operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Operating income (loss)1 | ÷ | Revenue1 | |
|---|---|---|---|---|---|---|---|
| Sep 3, 2026 | 74.59% | = | 100 | × | 99,340) | ÷ | 133,188) |
| Aug 28, 2025 | 26.14% | = | 100 | × | 9,770) | ÷ | 37,378) |
| Aug 29, 2024 | 5.19% | = | 100 | × | 1,304) | ÷ | 25,111) |
| Aug 31, 2023 | -36.97% | = | 100 | × | (5,745) | ÷ | 15,540) |
| Sep 1, 2022 | 31.54% | = | 100 | × | 9,702) | ÷ | 30,758) |
| Sep 2, 2021 | 22.68% | = | 100 | × | 6,283) | ÷ | 27,705) |
| Sep 3, 2020 | 14.01% | = | 100 | × | 3,003) | ÷ | 21,435) |
| Aug 29, 2019 | 31.51% | = | 100 | × | 7,376) | ÷ | 23,406) |
| Aug 30, 2018 | 49.34% | = | 100 | × | 14,994) | ÷ | 30,391) |
| Aug 31, 2017 | 28.88% | = | 100 | × | 5,868) | ÷ | 20,322) |
| Sep 1, 2016 | 1.35% | = | 100 | × | 168) | ÷ | 12,399) |
| Sep 3, 2015 | 18.52% | = | 100 | × | 2,998) | ÷ | 16,192) |
| Aug 28, 2014 | 18.87% | = | 100 | × | 3,087) | ÷ | 16,358) |
| Aug 29, 2013 | 2.60% | = | 100 | × | 236) | ÷ | 9,073) |
| Aug 30, 2012 | -7.51% | = | 100 | × | (618) | ÷ | 8,234) |
| Sep 1, 2011 | 8.59% | = | 100 | × | 755) | ÷ | 8,788) |
| Sep 2, 2010 | 18.73% | = | 100 | × | 1,589) | ÷ | 8,482) |
| Sep 3, 2009 | -34.87% | = | 100 | × | (1,675) | ÷ | 4,803) |
| Aug 28, 2008 | -27.31% | = | 100 | × | (1,595) | ÷ | 5,841) |
| Aug 30, 2007 | -4.92% | = | 100 | × | (280) | ÷ | 5,688) |
| Aug 31, 2006 | 6.64% | = | 100 | × | 350) | ÷ | 5,272) |
| Sep 1, 2005 | 4.46% | = | 100 | × | 218) | ÷ | 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 operating profit margin exhibits extreme cyclicality and high volatility over the period from 2005 to 2026. The financial performance is characterized by recurring transitions between significant operational losses and periods of substantial profitability, reflecting high sensitivity to market demand and pricing fluctuations.
- Early Cyclical Instability (2005–2013)
- Initial performance was marked by a shift from modest profitability in 2005 and 2006 to a severe contraction, with margins plummeting to a low of -34.87% by 2009. A rapid recovery occurred in 2010, reaching 18.73%, followed by a subsequent dip into negative territory in 2012 at -7.51%, before returning to a positive trajectory in 2013.
- Period of Expansion and Peak Margins (2014–2022)
- A sustained phase of higher profitability began in 2014, with margins generally remaining positive despite a brief sharp decline to 1.35% in 2016. A significant peak was reached in 2018, where the operating profit margin climbed to 49.34%. While margins moderated in the following years, they remained relatively strong, ending 2022 at 31.54%.
- Recent Volatility and Exponential Scaling (2023–2026)
- The most recent data indicates extreme fluctuations. A severe downturn occurred in 2023, with the operating margin collapsing to -36.97%. This was followed by an aggressive recovery phase; the margin rose to 5.19% in 2024 and 26.14% in 2025. By 2026, an unprecedented expansion is observed, with the operating profit margin reaching 74.59%, supported by a massive increase in revenue to 133,188 million USD and operating income to 99,340 million USD.
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Comparison to Competitors
Micron Technology Inc., operating 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. | Lam Research Corp. | Marvell Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 3, 2026 | 74.59% | — | — | — | — | — | 35.29% | 16.14% | 60.38% | — | — |
| Aug 28, 2025 | 26.14% | 10.66% | 26.61% | 29.22% | 39.89% | -4.19% | 32.01% | -12.49% | 62.42% | 27.90% | 34.06% |
| Aug 29, 2024 | 5.19% | 7.37% | 21.56% | 28.95% | 26.10% | -21.99% | 28.61% | -10.31% | 54.12% | 25.85% | 34.94% |
| Aug 31, 2023 | -36.97% | 1.77% | 31.07% | 28.86% | 45.25% | 0.17% | 29.69% | 4.02% | 15.66% | 21.74% | 41.85% |
| Sep 1, 2022 | 31.54% | 5.36% | 27.29% | 30.20% | 42.84% | 3.70% | 31.24% | -7.79% | 37.31% | 35.88% | 50.63% |
| Sep 2, 2021 | 22.68% | 22.20% | 23.12% | 29.87% | 31.03% | 24.62% | 30.64% | -8.70% | 27.18% | 29.16% | 48.84% |
| Sep 3, 2020 | 14.01% | 14.02% | 26.74% | 25.37% | 16.80% | 30.41% | 26.62% | -9.02% | 26.07% | 26.58% | 40.76% |
| Aug 29, 2019 | 31.51% | 9.37% | 28.55% | 22.93% | 15.24% | 30.62% | 25.53% | 1.51% | 32.47% | 31.59% | 39.79% |
| Aug 30, 2018 | 49.34% | 6.97% | 30.35% | 27.80% | 24.63% | 32.91% | 29.01% | 17.84% | 33.05% | 3.26% | 42.53% |
| Aug 31, 2017 | 28.88% | 3.83% | 20.66% | 26.61% | 13.51% | 28.58% | 23.74% | 4.31% | 27.99% | 11.73% | 40.66% |
| Sep 1, 2016 | 1.35% | -8.71% | 30.05% | 19.88% | -3.09% | 21.68% | 18.25% | -29.96% | 14.91% | 27.57% | 35.89% |
| Sep 3, 2015 | 18.52% | -12.05% | 24.19% | 17.53% | 23.92% | 25.29% | 14.98% | 11.03% | 16.21% | 22.85% | 32.88% |
| Aug 28, 2014 | 18.87% | -2.82% | 26.27% | 16.75% | 10.26% | 27.47% | 14.71% | 8.24% | 12.01% | 28.50% | 30.26% |
| Aug 29, 2013 | 2.60% | 1.94% | 28.59% | 5.75% | 21.90% | 23.32% | 3.28% | 9.30% | 15.15% | 29.08% | 23.20% |
| Aug 30, 2012 | -7.51% | -19.48% | 30.51% | 4.71% | 24.62% | 27.44% | 8.92% | 17.81% | 16.22% | 29.72% | 15.38% |
| Sep 1, 2011 | 8.59% | 5.60% | 35.81% | 22.80% | 25.00% | 32.37% | 24.84% | 24.95% | 7.22% | 33.60% | 21.78% |
| Sep 2, 2010 | 18.73% | 13.06% | 32.59% | 14.49% | 22.26% | 35.73% | 19.94% | 11.90% | -2.97% | 29.87% | 32.32% |
| Sep 3, 2009 | -34.87% | 12.29% | 14.14% | -7.85% | 3.23% | 16.26% | -25.20% | 5.60% | -2.06% | 21.37% | 19.09% |
| Aug 28, 2008 | -27.31% | -33.66% | 24.20% | 16.67% | — | 23.82% | 20.58% | -3.65% | 20.41% | 33.48% | 19.49% |
| Aug 30, 2007 | -4.92% | -47.65% | 22.24% | 24.36% | — | 21.43% | 30.34% | 0.05% | 14.78% | 32.50% | 25.28% |
| Aug 31, 2006 | 6.64% | -0.83% | 21.44% | 22.04% | — | 15.97% | 24.74% | 21.54% | 14.32% | 35.74% | 23.62% |
| Sep 1, 2005 | 4.46% | 3.96% | 21.60% | 20.71% | — | 31.14% | 26.02% | 13.22% | 5.65% | 42.06% | 20.84% |
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).