MU · 10-K · 2026A · Full report
Operating Expense Trends
MICRON TECHNOLOGY INC · 2026-10-09 · Importance 56 · Surprise 46 · In source text
Research and development expense increased 49% year over year to $5.650 billion in fiscal 2026 from $3.798 billion, primarily due to higher employee compensation, including variable compensation, and increased development and pre-qualification wafer volumes. SG&A expense increased 62% to $1.947 billion from $1.205 billion, driven by higher employee compensation and community investments. Operating income increased to $99.340 billion from $9.770 billion despite the higher expense base, primarily because of substantially higher product pricing and gross profit.
Key facts
- SG&A expenses for 2026 increased 62% compared to 2025 primarily due to increases in employee compensation, including higher variable compensation expense, and community investments. source
- R&D expenses for 2026 increased 49% compared to 2025 primarily due to increases in employee compensation, including higher variable compensation expense, and higher volumes of development and pre-qualification wafers. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | realized | — | SG&A expenses for 2026 increased 62% compared to 2025 primarily due to increases in employee compensation, including higher variable… |
| operating_income | negative | realized | — | R&D expenses for 2026 increased 49% compared to 2025 primarily due to increases in employee compensation, including higher variable… |