MU · 10-K · 2026A · Full report

Revenue Performance and Mix

MICRON TECHNOLOGY INC · 2026-10-09 · Importance 69 · Surprise 64 · No source text

Fiscal 2026 revenue increased 256% year over year to $133.188 billion from $37.378 billion, driven by higher DRAM and NAND sales. DRAM revenue increased 252%, reflecting an approximately 180% increase in average selling prices and a mid-20% increase in bit shipments, while NAND revenue increased 274% on approximately 200% higher average selling prices and mid-20% higher bit shipments. Revenue increased 219% at CMBU, 420% at CDBU, 209% at MCBU, and 234% at AEBU. MCBU revenue growth was constrained by lower bit shipments as product supply was redirected to other business units.

Key facts

• Total revenue for 2026 increased 256% as compared to 2025 primarily due to increases in sales of both DRAM and NAND products. source
• Sales of DRAM products increased 252% in 2026 primarily due to an approximate 180% increase in average selling prices and a mid-20% range increase in bit shipments. source
• Sales of NAND products increased 274% in 2026 primarily due to an approximate 200% increase in average selling prices and a mid-20% range increase in bit shipments. source
• Sales of DRAM products increased 62% in 2025 primarily due to a low-40% range increase in average selling prices and a mid-teen percentage increase in bit shipments. source
• CMBU revenue increased 219% in 2026 primarily due to increases in average selling prices and bit shipments. source
• CDBU revenue increased 420% in 2026 primarily due to increases in average selling prices and bit shipments. source
• MCBU revenue increased 209% in 2026 primarily due to increases in average selling prices, partially offset by lower bit shipments as MCBU product supply was redirected to other business units. source
• AEBU revenue increased 234% in 2026 primarily due to increases in average selling prices and bit shipments. source

Impact estimates