Return on Assets (ROA)
since 2005
Calculation
Micron Technology Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss)1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Sep 3, 2026 | 43.38% | = | 100 | × | 84,969) | ÷ | 195,888) |
| Aug 28, 2025 | 10.31% | = | 100 | × | 8,539) | ÷ | 82,798) |
| Aug 29, 2024 | 1.12% | = | 100 | × | 778) | ÷ | 69,416) |
| Aug 31, 2023 | -9.08% | = | 100 | × | (5,833) | ÷ | 64,254) |
| Sep 1, 2022 | 13.11% | = | 100 | × | 8,687) | ÷ | 66,283) |
| Sep 2, 2021 | 9.96% | = | 100 | × | 5,861) | ÷ | 58,849) |
| Sep 3, 2020 | 5.01% | = | 100 | × | 2,687) | ÷ | 53,678) |
| Aug 29, 2019 | 12.91% | = | 100 | × | 6,313) | ÷ | 48,887) |
| Aug 30, 2018 | 32.59% | = | 100 | × | 14,135) | ÷ | 43,376) |
| Aug 31, 2017 | 14.40% | = | 100 | × | 5,089) | ÷ | 35,336) |
| Sep 1, 2016 | -1.00% | = | 100 | × | (276) | ÷ | 27,540) |
| Sep 3, 2015 | 12.01% | = | 100 | × | 2,899) | ÷ | 24,143) |
| Aug 28, 2014 | 13.53% | = | 100 | × | 3,045) | ÷ | 22,498) |
| Aug 29, 2013 | 6.22% | = | 100 | × | 1,190) | ÷ | 19,118) |
| Aug 30, 2012 | -7.20% | = | 100 | × | (1,032) | ÷ | 14,328) |
| Sep 1, 2011 | 1.13% | = | 100 | × | 167) | ÷ | 14,752) |
| Sep 2, 2010 | 12.59% | = | 100 | × | 1,850) | ÷ | 14,693) |
| Sep 3, 2009 | -16.02% | = | 100 | × | (1,835) | ÷ | 11,455) |
| Aug 28, 2008 | -12.06% | = | 100 | × | (1,619) | ÷ | 13,430) |
| Aug 30, 2007 | -2.16% | = | 100 | × | (320) | ÷ | 14,818) |
| Aug 31, 2006 | 3.34% | = | 100 | × | 408) | ÷ | 12,221) |
| Sep 1, 2005 | 2.35% | = | 100 | × | 188) | ÷ | 8,006) |
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 performance from 2005 to 2026 is characterized by extreme cyclicality in profitability and a consistent, long-term expansion of the asset base. Return on assets (ROA) exhibits significant volatility, fluctuating between deep negative territory and substantial positive returns, reflecting the inherent instability of the company's earnings stream relative to its invested capital.
- Cyclical Profitability Trends
- ROA patterns reveal a recurring cycle of expansion and contraction. A severe downturn occurred between 2008 and 2009, with ROA dropping to -12.06% and -16.02% respectively, coinciding with substantial net losses. Recovery periods are typically sharp, as seen in 2010 when ROA rebounded to 12.59%. Subsequent cycles followed a similar pattern, with a dip in 2012 (-7.20%) followed by a period of sustained growth that peaked in 2018 at 32.59%.
- Asset Base Expansion
- Total assets grew steadily from 8,006 million USD in 2005 to 69,416 million USD by 2023. This growth indicates continuous capital investment. A notable acceleration in asset acquisition is observed in the final period, with total assets increasing to 195,888 million USD by 2026, representing a significant scaling of the balance sheet.
- Correlation Between Net Income and ROA
- The ROA is highly sensitive to net income fluctuations. The volatility is evident in the transition from a net loss of 5,833 million USD in 2023 (ROA of -9.08%) to an extraordinary net income of 84,969 million USD in 2026. This final surge resulted in a peak ROA of 43.38%, the highest recorded in the analyzed period, suggesting a period of exceptional operational efficiency or a massive increase in market demand.
- Stability and Recovery Analysis
- Periods of relative stability are rare, as the ROA frequently swings between positive and negative values. However, the intervals between troughs appear to show higher recovery peaks over time, shifting from a 12.59% peak in 2010 to a 32.59% peak in 2018, and ultimately 43.38% in 2026, despite the intervening losses in 2016 and 2023.
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Comparison to Competitors
Micron Technology Inc., ROA, 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 | 43.38% | — | — | — | — | — | 26.91% | 30.88% | 11.98% | 58.06% | — | — |
| Aug 28, 2025 | 10.31% | 5.64% | 4.72% | 19.28% | 13.52% | -0.13% | 25.28% | 25.10% | -4.38% | 65.30% | 11.05% | 14.46% |
| Aug 29, 2024 | 1.12% | 2.37% | 3.39% | 20.86% | 3.56% | -9.55% | 17.90% | 20.42% | -4.40% | 45.28% | 18.39% | 13.51% |
| Aug 31, 2023 | -9.08% | 1.26% | 6.79% | 22.31% | 19.33% | 0.88% | 24.07% | 24.02% | -0.73% | 10.61% | 14.17% | 20.12% |
| Sep 1, 2022 | 13.11% | 1.95% | 5.46% | 24.41% | 15.69% | 4.40% | 26.37% | 26.78% | -1.90% | 22.07% | 26.39% | 32.16% |
| Sep 2, 2021 | 9.96% | 25.46% | 2.66% | 22.80% | 8.91% | 11.80% | 20.23% | 24.59% | -2.58% | 15.05% | 21.93% | 31.48% |
| Sep 3, 2020 | 5.01% | 27.78% | 5.69% | 16.19% | 3.90% | 13.65% | 13.11% | 15.47% | 14.23% | 16.15% | 14.60% | 28.91% |
| Aug 29, 2019 | 12.91% | 5.66% | 6.37% | 14.22% | 4.04% | 15.42% | 13.05% | 18.26% | -1.79% | 31.15% | 13.31% | 27.84% |
| Aug 30, 2018 | 32.59% | 7.40% | 7.31% | 18.64% | 24.46% | 16.45% | 14.28% | 19.08% | 11.06% | 27.11% | -14.88% | 32.56% |
| Aug 31, 2017 | 14.40% | 1.21% | 3.44% | 17.68% | 3.11% | 7.79% | 16.74% | 14.00% | 0.45% | 16.93% | 3.77% | 20.87% |
| Sep 1, 2016 | -1.00% | -14.97% | 10.81% | 11.80% | -3.48% | 9.10% | 14.20% | 7.45% | -14.91% | 8.33% | 10.90% | 21.88% |
| Sep 3, 2015 | 12.01% | -21.23% | 9.87% | 9.00% | 12.88% | 11.08% | 7.59% | 7.00% | 7.40% | 8.76% | 10.38% | 18.40% |
| Aug 28, 2014 | 13.53% | -10.70% | 9.17% | 8.14% | 2.51% | 12.73% | 10.52% | 7.91% | 5.78% | 6.07% | 16.40% | 15.92% |
| Aug 29, 2013 | 6.22% | -1.91% | 10.55% | 2.13% | 16.16% | 10.42% | 10.27% | 1.57% | 5.83% | 8.77% | 15.06% | 11.42% |
| Aug 30, 2012 | -7.20% | -29.58% | 11.59% | 0.90% | 19.67% | 13.05% | 14.82% | 2.11% | 10.66% | 10.46% | 14.20% | 8.79% |
| Sep 1, 2011 | 1.13% | 9.91% | 16.44% | 13.90% | 22.57% | 18.20% | 16.99% | 17.84% | 14.26% | 5.63% | 11.70% | 10.91% |
| Sep 2, 2010 | 12.59% | 9.49% | 16.45% | 8.57% | 19.24% | 18.14% | 5.43% | 13.94% | 6.84% | -1.90% | 10.62% | 24.09% |
| Sep 3, 2009 | -16.02% | 3.35% | 7.28% | -3.19% | -2.23% | 8.23% | -14.50% | -15.48% | 3.34% | -0.90% | 5.80% | 12.13% |
| Aug 28, 2008 | -12.06% | -40.36% | 25.44% | 8.73% | — | 10.43% | 7.41% | 15.65% | -2.51% | 21.28% | 12.86% | 16.10% |
| Aug 30, 2007 | -2.16% | -29.26% | 16.72% | 16.05% | — | 12.54% | 11.42% | 32.63% | -0.27% | 16.78% | 17.86% | 20.98% |
| Aug 31, 2006 | 3.34% | -1.26% | 13.78% | 16.00% | — | 10.43% | 8.31% | 14.51% | 9.43% | 15.80% | 16.24% | 31.16% |
| Sep 1, 2005 | 2.35% | 2.27% | 9.05% | 10.74% | — | 17.93% | 11.71% | 20.66% | 5.08% | 6.16% | 17.17% | 15.43% |
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., ROA, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Micron Technology Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Sep 3, 2026 | 43.38% | — |
| Aug 28, 2025 | 10.31% | 15.55% |
| Aug 29, 2024 | 1.12% | 6.13% |
| Aug 31, 2023 | -9.08% | 7.13% |
| Sep 1, 2022 | 13.11% | 12.17% |
| Sep 2, 2021 | 9.96% | 13.29% |
| Sep 3, 2020 | 5.01% | 11.86% |
| Aug 29, 2019 | 12.91% | 12.98% |
| Aug 30, 2018 | 32.59% | 17.25% |
| Aug 31, 2017 | 14.40% | 8.34% |
| Sep 1, 2016 | -1.00% | 6.69% |
| Sep 3, 2015 | 12.01% | 10.65% |
| Aug 28, 2014 | 13.53% | 12.05% |
| Aug 29, 2013 | 6.22% | 10.05% |
| Aug 30, 2012 | -7.20% | 9.54% |
| Sep 1, 2011 | 1.13% | 13.83% |
| Sep 2, 2010 | 12.59% | 14.54% |
| Sep 3, 2009 | -16.02% | 3.60% |
| Aug 28, 2008 | -12.06% | 6.42% |
| Aug 30, 2007 | -2.16% | 9.30% |
| Aug 31, 2006 | 3.34% | 12.06% |
| Sep 1, 2005 | 2.35% | 13.79% |
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., ROA, long-term trends, comparison to industry (information technology)
| Micron Technology Inc. | Information Technology | |
|---|---|---|
| Sep 3, 2026 | 43.38% | — |
| Aug 28, 2025 | 10.31% | 15.31% |
| Aug 29, 2024 | 1.12% | 11.80% |
| Aug 31, 2023 | -9.08% | 12.34% |
| Sep 1, 2022 | 13.11% | 14.33% |
| Sep 2, 2021 | 9.96% | 14.52% |
| Sep 3, 2020 | 5.01% | 11.46% |
| Aug 29, 2019 | 12.91% | 11.67% |
| Aug 30, 2018 | 32.59% | 10.94% |
| Aug 31, 2017 | 14.40% | 9.00% |
| Sep 1, 2016 | -1.00% | 9.68% |
| Sep 3, 2015 | 12.01% | 11.51% |
| Aug 28, 2014 | 13.53% | 12.33% |
| Aug 29, 2013 | 6.22% | 13.22% |
| Aug 30, 2012 | -7.20% | 14.06% |
| Sep 1, 2011 | 1.13% | 15.11% |
| Sep 2, 2010 | 12.59% | 14.45% |
| Sep 3, 2009 | -16.02% | 10.04% |
| Aug 28, 2008 | -12.06% | 11.87% |
| Aug 30, 2007 | -2.16% | 11.93% |
| Aug 31, 2006 | 3.34% | 12.20% |
| Sep 1, 2005 | 2.35% | 12.71% |
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).