Recent Press Releases & News
MU earnings at a glance
The options market is pricing a move of about ±2.3% after the report, a range of roughly $836.72 to $876.26 from today's $856.49. Over its last 5 reports the stock rose the next day 2 times and fell 3, moving ±6.7% on average; after the most recent report on Jun 24, 2026 it moved +15.7%. That means options currently expect less movement than MU has typically delivered. MU beat the consensus EPS estimate in 6 of its last 6 reported quarters. Implied volatility is currently 55%. The share price of $856.49 sits in the middle of its 52-week range.
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Overview
Earnings trends
Earnings history
| Date | Period | Actual EPS | Est | Surprise | YoY %Δ | Day react | Source |
|---|---|---|---|---|---|---|---|
| Wed Jun 24, 2026 | May/2026 | $24.89 | $20.81 | +18.6% | +1,103% | +15.7% | earnings |
| Wed Mar 18, 2026 | 8K 2026-03-18 | $12.08 | $8.64 | +39.8% | — | -3.8% | earnings |
| Thu Feb 26, 2026 | Feb 2026 | $12.07 | — | — | — | — | financials |
| Wed Dec 17, 2025 | 8K 2025-12-17 | $4.61 | $3.67 | +25.6% | — | +10.2% | earnings |
| Tue Sep 23, 2025 | Aug/2025 | $2.86 | $2.67 | +7.1% | — | -2.8% | earnings |
| Wed Jun 25, 2025 | May/2025 | $1.73 | $1.43 | +21.0% | — | -1.0% | earnings |
| Thu May 29, 2025 | May 2025 | $1.68 | — | — | — | — | financials |
| Thu Feb 27, 2025 | Feb 2025 | $1.41 | — | — | — | — | financials |
| Thu Nov 28, 2024 | Nov 2024 | $1.67 | — | — | — | — | financials |
| Thu May 30, 2024 | May 2024 | $0.30 | — | — | — | — | financials |
| Thu Feb 29, 2024 | Feb 2024 | $0.71 | — | — | — | — | financials |
| Thu Nov 30, 2023 | Nov 2023 | $-1.12 | — | — | — | — | financials |
| Wed Jun 28, 2023 | May/2023 | $-1.57 | $-1.72 | +8.7% | — | — | earnings |
| Thu Mar 2, 2023 | Mar 2023 | $-2.12 | — | — | — | — | financials |
| Thu Dec 1, 2022 | Dec 2022 | $-0.18 | — | — | — | — | financials |
Financials
Income statement (quarterly)
| Metric | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | Aug 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $41.46B | $23.86B | $13.64B | — | $9.30B | $8.05B | $8.71B | — |
| Cost of revenue | $6.40B | $6.11B | $6.00B | — | $5.79B | $5.09B | $5.36B | — |
| Gross profit | $35.06B | $17.75B | $7.65B | — | $3.51B | $2.96B | $3.35B | — |
| Operating income | $33.32B | $16.14B | $6.14B | — | $2.17B | $1.77B | $2.17B | — |
| Net income | $28.24B | $13.79B | $5.24B | — | $1.89B | $1.58B | $1.87B | — |
| EPS (diluted) | $24.67 | $12.07 | $4.60 | — | $1.68 | $1.41 | $1.67 | — |
Balance sheet (quarterly)
| Metric | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | Aug 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $25.00B | $13.91B | $9.73B | $9.64B | $10.16B | $7.55B | $6.69B | $7.04B |
| Inventory | $8.57B | $8.27B | $8.21B | $8.36B | $8.73B | $9.01B | $8.71B | $8.88B |
| Total current assets | $66.74B | $41.41B | $29.66B | $28.84B | $27.92B | $24.69B | $24.49B | $24.37B |
| Total assets | $134.11B | $101.51B | $85.97B | $82.80B | $78.40B | $73.05B | $71.46B | $69.42B |
| Long-term debt | — | — | $8.84B | — | $12.43B | $11.54B | $11.31B | — |
| Total liabilities | $33.39B | $29.05B | $27.16B | $28.63B | $27.65B | $24.42B | $24.66B | $24.29B |
| Total equity | $100.72B | $72.46B | $58.81B | $54.16B | $50.75B | $48.63B | $46.80B | $45.13B |
Implied volatility — last 90 days
Sector peers
MU earnings FAQ
What is MU's expected move for earnings?
Options currently price a move of about ±2.3%, or $19.77 per share either way from $856.49.
How does MU stock usually react to earnings?
Across the last 5 reports the average next-day move was ±6.7%, up 2 times and down 3 times.
What is MU's implied volatility?
MU's at-the-money implied volatility is about 55% based on the latest options snapshot.