Financial Statements — MU

Balance Sheet

(in billions USD)

Metric	Q3 2026	Q2 2026	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q3 2021	Q2 2021	Q1 2021
Cash & Equivalents	25.00	13.91	9.73	10.16	7.55	6.69	7.59	8.02	8.07	9.30	9.80	9.57	9.16	9.12	8.68	7.76	6.51	5.99
Accounts Receivable	26.89	15.39	8.01	5.49	5.09	6.25	4.42	3.65	2.48	2.04	1.89	2.88	5.90	5.06	4.92	3.83	3.01	3.18
Inventory	8.57	8.27	8.21	8.73	9.01	8.71	8.51	8.44	8.28	8.24	8.13	8.36	5.63	5.38	4.83	4.54	4.74	5.52
Total Current Assets	66.74	41.41	29.67	27.92	24.69	24.49	23.32	23.44	21.06	21.73	21.90	22.92	22.71	21.50	20.19	18.56	17.28	16.53
Property, Plant & Equipment	56.43	51.41	48.48	44.77	42.53	41.48	37.93	37.59	37.68	38.73	39.09	39.34	36.67	36.17	35.16	32.21	31.85	32.23
Goodwill	1.15	1.15	1.15	1.15	1.15	1.15	1.15	1.15	1.15	1.25	1.23	1.23	1.23	1.23	1.23	1.23	1.23	1.23
Intangible Assets	0.47	0.47	0.47	0.43	0.42	0.42	0.41	0.41	0.42	0.41	0.41	0.43	0.42	0.41	0.35	0.35	0.34	0.34
Total Non-current Assets*	67.38	60.10	56.31	50.48	48.36	46.97	42.94	42.28	42.72	43.95	44.62	44.95	42.59	42.19	41.06	37.38	36.86	37.16
Total Assets	134.11	101.51	85.97	78.40	73.05	71.46	66.26	65.72	63.78	65.68	66.52	67.87	65.30	63.70	61.25	55.94	54.14	53.69
Accounts Payable	15.52	11.00	9.80	8.76	6.18	7.13	5.15	4.68	3.95	4.18	4.31	5.44	5.79	5.65	5.47	4.43	4.55	4.86
Short-term Debt	0.58	0.59	0.57	0.54	0.50	0.53	0.40	0.34	0.91	0.26	0.24	0.17	0.11	0.12	0.12	0.30	0.32	0.27
Total Current Liabilities	19.49	14.30	12.06	10.14	7.88	9.02	6.84	6.26	5.96	5.10	5.26	6.53	7.01	6.92	6.51	5.46	5.43	5.69
Long-term Debt	5.14	9.56	8.84	12.43	11.54	11.31	11.33	12.02	12.02	12.07	11.20	9.35	6.03	6.08	6.10	6.42	6.30	6.36
Total Non-current Liabilities*	13.90	14.75	15.11	17.51	16.54	15.65	15.19	15.59	14.93	15.17	14.01	12.04	9.01	8.93	8.83	8.22	8.04	8.10
Total Liabilities	33.39	29.05	27.17	27.65	24.42	24.66	22.03	21.85	20.89	20.27	19.26	18.57	16.02	15.85	15.34	13.68	13.47	13.78
Retained Earnings	94.68	66.82	53.34	45.56	43.84	42.43	40.17	40.00	39.36	42.39	44.43	46.87	45.92	43.41	41.27	36.45	34.72	34.14
Total Stockholder Equity	100.72	72.46	58.81	50.75	48.63	46.80	44.23	43.87	42.89	45.41	47.26	49.31	49.28	47.85	45.91	42.26	40.66	39.91

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* Derived from reported values

Income Statement

(in billions USD) (except per-share rows)

Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021
Total Revenue	41.46	23.86	13.64	11.32	9.30	8.05	8.71	7.75	6.81	5.82	4.73	4.01	3.75	3.69	4.09	6.64	8.64	7.79	7.69	8.27
Cost of Revenue	6.40	6.11	6.00	6.26	5.79	5.09	5.36	5.01	4.98	4.75	4.76	4.45	4.42	4.90	3.19	4.02	4.61	4.11	4.12	4.36
Gross Profit	35.06	17.76	7.65	5.05	3.51	2.96	3.35	2.74	1.83	1.08	(0.04)	(0.43)	(0.67)	(1.21)	0.89	2.62	4.04	3.68	3.57	3.91
Research & Development	1.32	1.25	1.17	1.05	0.97	0.90	0.89	0.90	0.85	0.83	0.85	0.72	0.76	0.79	0.85	0.84	0.77	0.79	0.71	0.71
Selling, General & Admin	0.41	0.34	0.34	0.31	0.32	0.28	0.29	0.30	0.29	0.28	0.26	0.22	0.22	0.23	0.25	0.28	0.26	0.26	0.26	0.24
Total Operating Expenses*	1.74	1.62	1.51	1.40	1.34	1.19	1.17	1.22	1.11	0.89	1.09	1.04	1.09	1.10	1.10	1.10	1.03	1.13	0.93	0.96
Operating Income	33.32	16.14	6.14	3.65	2.17	1.77	2.17	1.52	0.72	0.19	(1.13)	(1.47)	(1.76)	(2.30)	(0.21)	1.52	3.00	2.55	2.63	2.96
Interest Expense	--	--	--	--	--	--	--	--	0.15	0.14	0.13	0.13	0.12	0.09	0.05	0.05	0.04	0.06	0.05	0.05
Pretax Income	33.21	16.16	6.06	3.63	2.11	1.76	2.15	1.51	0.72	0.17	(1.15)	(1.46)	(1.75)	(2.27)	(0.18)	1.55	2.99	2.51	2.52	2.94
Tax Provision	4.98	2.37	0.83	0.43	0.24	0.18	0.28	0.62	0.38	(0.62)	0.07	(0.02)	0.14	0.05	0.01	0.06	0.36	0.26	0.22	0.23
Net Income	28.24	13.79	5.24	3.20	1.89	1.58	1.87	0.89	0.33	0.79	(1.23)	(1.43)	(1.90)	(2.31)	(0.19)	1.49	2.63	2.26	2.31	2.72
Basic EPS	25.03	12.25	4.66	2.86	1.69	1.42	1.68	0.80	0.30	0.72	(1.12)	(1.31)	(1.73)	(2.12)	(0.18)	1.37	2.36	2.02	2.06	2.42
Diluted EPS	24.67	12.07	4.60	2.83	1.68	1.41	1.67	0.81	0.30	0.71	(1.12)	(1.31)	(1.73)	(2.12)	(0.18)	1.37	2.34	2.00	2.04	2.38

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* Derived from reported values

Cash Flow Statement

(in billions USD)

Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021
Operating Cash Flow	25.39	11.90	8.41	5.73	4.61	3.94	3.24	3.41	2.48	1.22	1.40	0.25	0.02	0.34	0.94	3.78	3.84	3.63	3.94	3.88
Capital Expenditures	7.83	6.39	5.39	5.66	2.94	4.06	3.21	3.12	2.09	1.38	1.80	1.46	1.56	2.21	2.45	3.61	2.58	2.61	3.27	2.02
Free Cash Flow*	17.56	5.52	3.02	0.07	1.67	(0.11)	0.04	0.28	0.40	(0.16)	(0.39)	(1.21)	(1.54)	(1.86)	(1.51)	0.16	1.26	1.02	0.67	1.87
Investing Cash Flow	(9.57)	(5.52)	(4.59)	(5.20)	(2.59)	(3.15)	(3.15)	(3.60)	(2.00)	(1.15)	(1.56)	(0.83)	(1.18)	(1.91)	(2.27)	(3.82)	(2.58)	(2.69)	(2.48)	(2.53)
Financing Cash Flow	(4.73)	(2.17)	(3.74)	(1.06)	0.54	0.10	(0.42)	(0.47)	(0.91)	(0.11)	(0.35)	(0.11)	0.66	1.80	2.63	(0.84)	(1.16)	(0.47)	(0.51)	(1.34)

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* Derived from reported values

Dividends Per Share

(USD)

Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022
Dividends Per Share	0.15	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.10	0.10	0.10

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