Return on Equity (ROE)
since 2005
Calculation
Micron Technology Inc., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income (loss) attributable to Micron1 | ÷ | Shareholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Aug 28, 2025 | 15.76% | = | 100 | × | 8,539) | ÷ | 54,165) |
| Aug 29, 2024 | 1.72% | = | 100 | × | 778) | ÷ | 45,131) |
| Aug 31, 2023 | -13.22% | = | 100 | × | (5,833) | ÷ | 44,120) |
| Sep 1, 2022 | 17.41% | = | 100 | × | 8,687) | ÷ | 49,907) |
| Sep 2, 2021 | 13.34% | = | 100 | × | 5,861) | ÷ | 43,933) |
| Sep 3, 2020 | 6.89% | = | 100 | × | 2,687) | ÷ | 38,996) |
| Aug 29, 2019 | 17.59% | = | 100 | × | 6,313) | ÷ | 35,881) |
| Aug 30, 2018 | 43.77% | = | 100 | × | 14,135) | ÷ | 32,294) |
| Aug 31, 2017 | 27.33% | = | 100 | × | 5,089) | ÷ | 18,621) |
| Sep 1, 2016 | -2.28% | = | 100 | × | (276) | ÷ | 12,080) |
| Sep 3, 2015 | 23.57% | = | 100 | × | 2,899) | ÷ | 12,302) |
| Aug 28, 2014 | 28.27% | = | 100 | × | 3,045) | ÷ | 10,771) |
| Aug 29, 2013 | 13.02% | = | 100 | × | 1,190) | ÷ | 9,142) |
| Aug 30, 2012 | -13.40% | = | 100 | × | (1,032) | ÷ | 7,700) |
| Sep 1, 2011 | 1.97% | = | 100 | × | 167) | ÷ | 8,470) |
| Sep 2, 2010 | 23.07% | = | 100 | × | 1,850) | ÷ | 8,020) |
| Sep 3, 2009 | -39.43% | = | 100 | × | (1,835) | ÷ | 4,654) |
| Aug 28, 2008 | -26.21% | = | 100 | × | (1,619) | ÷ | 6,178) |
| Aug 30, 2007 | -4.13% | = | 100 | × | (320) | ÷ | 7,752) |
| Aug 31, 2006 | 5.03% | = | 100 | × | 408) | ÷ | 8,114) |
| Sep 1, 2005 | 3.22% | = | 100 | × | 188) | ÷ | 5,847) |
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
The financial performance exhibits significant volatility over the analyzed period, with notable fluctuations in net income, shareholders' equity, and return on equity (ROE). The company’s net income shows periods of both substantial losses and strong gains, reflecting cyclical or external factors impacting profitability.
- Net Income (Loss) Attributable to Micron
- The net income demonstrates a highly variable trend, starting with moderate profitability in the early years (e.g., US$188 million in 2005 and US$408 million in 2006), followed by a series of substantial losses from 2007 to 2009, reaching as low as -US$1.835 billion. A recovery phase begins in 2010 with a positive income of US$1.85 billion, though subsequent years show fluctuating results with losses in 2016 (-US$276 million) and 2022 (-US$5.833 billion). The latest years indicate resumed profitability with varying magnitudes, such as US$8.539 billion in 2025, suggesting ongoing volatility but overall resilience in net income generation.
- Shareholders’ Equity
- Shareholders’ equity has progressed generally upwards over the period, increasing from US$5.847 billion in 2005 to US$54.165 billion in 2025. Despite some fluctuations—such as notable dips in 2008 and 2009—equity has grown substantially, indicating retained earnings accumulation, capital injections, or valuation gains. This upward trajectory suggests strengthening financial stability and an expanding asset base.
- Return on Equity (ROE)
- ROE reflects the company’s ability to generate profit from shareholders' equity and has mirrored the patterns observed in net income. Early years reveal modest returns (3.22% in 2005, 5.03% in 2006), collapsing into deeply negative returns during the 2007 to 2009 period, reaching -39.43% in 2009. Recovery from 2010 onwards displays marked improvement, with ROE peaking at 43.77% in 2018, indicating periods of highly effective equity utilization. However, there are recurring negative dips (e.g., -13.22% in 2022), underscoring inconsistent profitability relative to equity. The recent upward trend to 15.76% in 2025 indicates a potential stabilization toward positive returns.
In summary, the company's financial data reveal pronounced cyclical behavior with periods of significant losses deeply impacting profitability metrics. Despite these fluctuations, shareholders’ equity has shown a steady, substantial increase, contributing to a stronger capital base. The ROE figures underscore the volatility in returns to shareholders but also highlight phases of strong operational performance. This pattern suggests sensitivity to industry cycles or market conditions, with overall long-term growth potential moderated by intermittent financial challenges.
Comparison to Competitors
Micron Technology Inc., ROE, 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. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 28, 2025 | 15.76% | — | — | — | — | — | 86.56% | 54.33% | 91.87% | — | — |
| Aug 29, 2024 | 1.72% | 2.85% | 4.65% | 37.77% | 8.71% | -18.89% | 82.00% | 44.82% | 69.24% | 38.60% | 28.39% |
| Aug 31, 2023 | -13.22% | 1.53% | 9.32% | 41.94% | 58.70% | 1.60% | 116.01% | 54.94% | 19.76% | 33.51% | 38.53% |
| Sep 1, 2022 | 17.41% | 2.41% | 7.54% | 53.51% | 50.62% | 7.90% | 237.04% | 73.35% | 36.65% | 71.81% | 60.02% |
| Sep 2, 2021 | 13.34% | 42.18% | 3.66% | 48.08% | 26.99% | 20.83% | 61.53% | 64.85% | 25.64% | 90.88% | 58.27% |
| Sep 3, 2020 | 6.89% | 42.66% | 10.17% | 34.21% | 12.40% | 25.79% | 45.65% | 43.53% | 22.91% | 85.54% | 60.90% |
| Aug 29, 2019 | 17.59% | 12.06% | 11.64% | 32.94% | 10.92% | 27.16% | 44.21% | 46.89% | 44.33% | 89.35% | 56.33% |
| Aug 30, 2018 | 43.77% | 26.62% | 13.61% | 48.44% | 45.99% | 28.24% | 49.51% | 36.62% | 40.78% | -524.14% | 62.04% |
| Aug 31, 2017 | 27.33% | 7.04% | 7.16% | 36.73% | 8.34% | 13.91% | 69.82% | 24.90% | 28.91% | 8.02% | 35.62% |
| Sep 1, 2016 | -2.28% | -119.47% | 16.68% | 23.85% | -9.20% | 15.58% | 102.22% | 15.51% | 13.74% | 17.95% | 34.33% |
| Sep 3, 2015 | 23.57% | — | 13.74% | 18.09% | 28.94% | 18.70% | 86.88% | 12.85% | 14.27% | 16.78% | 30.02% |
| Aug 28, 2014 | 28.27% | -215.51% | 13.23% | 13.62% | 8.11% | 20.95% | 15.88% | 12.57% | 9.87% | 20.34% | 27.15% |
| Aug 29, 2013 | 13.02% | -15.26% | 14.21% | 3.61% | 19.13% | 16.51% | 15.60% | 2.54% | 11.65% | 18.99% | 20.01% |
| Aug 30, 2012 | -13.40% | -219.89% | 15.63% | 1.51% | 23.27% | 21.49% | 22.80% | 3.29% | 14.02% | 18.22% | 16.05% |
| Sep 1, 2011 | 1.97% | 30.88% | 22.85% | 21.89% | 27.52% | 28.19% | 27.77% | 29.30% | 7.96% | 15.81% | 20.42% |
| Sep 2, 2010 | 23.07% | 46.50% | 22.25% | 12.44% | 27.57% | 23.19% | 9.45% | 19.61% | -2.55% | 15.57% | 30.93% |
| Sep 3, 2009 | -39.43% | 46.91% | 9.80% | -4.30% | -4.23% | 10.48% | -23.96% | -20.79% | -1.25% | 7.84% | 15.12% |
| Aug 28, 2008 | -26.21% | — | 32.49% | 12.73% | — | 13.54% | 12.04% | 24.70% | 30.47% | 17.61% | 20.59% |
| Aug 30, 2007 | -4.13% | -113.01% | 21.25% | 21.87% | — | 16.31% | 14.88% | 58.30% | 22.36% | 20.86% | 26.64% |
| Aug 31, 2006 | 5.03% | -2.87% | 15.99% | 22.80% | — | 13.72% | 10.66% | 24.05% | 20.76% | 18.42% | 38.21% |
| Sep 1, 2005 | 3.22% | 4.94% | 11.24% | 13.55% | — | 23.95% | 15.33% | 28.06% | 8.52% | 19.27% | 19.47% |
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).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Micron Technology Inc., ROE, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Micron Technology Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Aug 28, 2025 | 15.76% | — |
| Aug 29, 2024 | 1.72% | 11.77% |
| Aug 31, 2023 | -13.22% | 13.30% |
| Sep 1, 2022 | 17.41% | 22.70% |
| Sep 2, 2021 | 13.34% | 25.79% |
| Sep 3, 2020 | 6.89% | 24.53% |
| Aug 29, 2019 | 17.59% | 26.83% |
| Aug 30, 2018 | 43.77% | 33.43% |
| Aug 31, 2017 | 27.33% | 16.95% |
| Sep 1, 2016 | -2.28% | 13.42% |
| Sep 3, 2015 | 23.57% | 19.06% |
| Aug 28, 2014 | 28.27% | 19.77% |
| Aug 29, 2013 | 13.02% | 15.77% |
| Aug 30, 2012 | -13.40% | 14.95% |
| Sep 1, 2011 | 1.97% | 21.55% |
| Sep 2, 2010 | 23.07% | 20.99% |
| Sep 3, 2009 | -39.43% | 5.27% |
| Aug 28, 2008 | -26.21% | 10.02% |
| Aug 30, 2007 | -4.13% | 13.62% |
| Aug 31, 2006 | 5.03% | 16.52% |
| Sep 1, 2005 | 3.22% | 18.50% |
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).
Comparison to Industry (Information Technology)
Micron Technology Inc., ROE, long-term trends, comparison to industry (information technology)
| Micron Technology Inc. | Information Technology | |
|---|---|---|
| Aug 28, 2025 | 15.76% | — |
| Aug 29, 2024 | 1.72% | 29.36% |
| Aug 31, 2023 | -13.22% | 31.85% |
| Sep 1, 2022 | 17.41% | 38.86% |
| Sep 2, 2021 | 13.34% | 42.21% |
| Sep 3, 2020 | 6.89% | 35.67% |
| Aug 29, 2019 | 17.59% | 36.60% |
| Aug 30, 2018 | 43.77% | 30.38% |
| Aug 31, 2017 | 27.33% | 23.40% |
| Sep 1, 2016 | -2.28% | 23.35% |
| Sep 3, 2015 | 23.57% | 26.17% |
| Aug 28, 2014 | 28.27% | 25.61% |
| Aug 29, 2013 | 13.02% | 24.89% |
| Aug 30, 2012 | -13.40% | 26.24% |
| Sep 1, 2011 | 1.97% | 29.22% |
| Sep 2, 2010 | 23.07% | 27.89% |
| Sep 3, 2009 | -39.43% | 20.28% |
| Aug 28, 2008 | -26.21% | 25.67% |
| Aug 30, 2007 | -4.13% | 24.01% |
| Aug 31, 2006 | 5.03% | 22.74% |
| Sep 1, 2005 | 3.22% | 22.11% |
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).