MU · 10-K · 2026A · Full report
Income Tax Rate Changes
MICRON TECHNOLOGY INC · 2026-10-09 · Importance 89 · Surprise 82 · Matches filing data
The effective income tax rate increased to 14.8% in fiscal 2026 from 11.6% in fiscal 2025, and the income tax provision increased to $14.761 billion from $1.124 billion. Singapore’s implementation of the 15% Pillar Two minimum tax largely offset the benefit of the company’s Singapore tax incentive arrangements. Tax incentive arrangements still provided a $2.21 billion benefit in fiscal 2026, increasing diluted earnings per share by $1.93, compared with a $1.05 billion benefit and $0.93 per-share benefit in fiscal 2025. The fiscal 2026 income tax rate remained below the 36.4% rate reported for fiscal 2024 because of higher profitability and jurisdictional factors.
Key facts
- Net benefit from tax incentive arrangements included in tax provision: $2.21 billion for 2026 (benefiting diluted EPS by $1.93) and $1.05 billion for 2025 (benefiting diluted EPS by $0.93). source
- Income before taxes for 2026: $99,671 million; income tax provision for 2026: $(14,761) million; effective tax rate for 2026: 14.8%. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | -11.1% | Income before taxes for 2026: $99,671 million; income tax provision for 2026: $(14,761) million; effective tax rate for 2026: 14.8%. |
| net_income | positive | realized | +0.9% | Net benefit from tax incentive arrangements included in tax provision: $2.21 billion for 2026 (benefiting diluted EPS by $1.93) and $1.05… |