MU · 10-K · 2026A · Full report

Pillar Two Global Minimum Tax

MICRON TECHNOLOGY INC · 2026-10-09 · Importance 61 · Surprise 66

Singapore enacted legislation implementing the 15% Pillar Two Model Rules effective for Micron in fiscal 2026. The measure largely offset the benefit of Micron’s Singapore tax incentive arrangements and contributed to the increase in the effective tax rate from 11.6% in 2025 to 14.8% in 2026. Despite the offset, tax incentive arrangements provided a net $2.21 billion benefit to the 2026 tax provision, compared with $1.05 billion in 2025.

Key facts

• Singapore legislation implementing the 15% minimum tax Pillar Two Model Rules became effective for Micron in 2026 and largely offsets the benefit from Singapore tax incentive arrangements. source