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Side-by-side financial comparison of Micron Technology (MU) and AT&T (T). Click either name above to swap in a different company.
AT&T is the larger business by last-quarter revenue ($31.5B vs $23.9B, roughly 1.3× Micron Technology). Micron Technology runs the higher net margin — 57.8% vs 13.3%, a 44.5% gap on every dollar of revenue. On growth, Micron Technology posted the faster year-over-year revenue change (196.3% vs 2.9%). Micron Technology produced more free cash flow last quarter ($5.5B vs $2.5B). Over the past eight quarters, Micron Technology's revenue compounded faster (87.2% CAGR vs 2.8%).
Micron Technology, Inc. is an American producer of computer memory and computer data storage including dynamic random-access memory, flash memory, and solid-state drives (SSDs). It is headquartered in Boise, Idaho.
AT&T Inc., an abbreviation of its predecessor's original name, the American Telephone and Telegraph Company, is an American multinational telecommunications conglomerate headquartered at the Whitacre Tower in Downtown Dallas, Texas. AT&T is the world’s third-largest telecommunications company by revenue, the third largest wireless carrier in the United States behind T-Mobile and Verizon, and the nation's biggest fiber internet provider.
MU vs T — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $23.9B | $31.5B |
| Net Profit | $13.8B | $4.2B |
| Gross Margin | 74.4% | — |
| Operating Margin | 67.6% | 21.1% |
| Net Margin | 57.8% | 13.3% |
| Revenue YoY | 196.3% | 2.9% |
| Net Profit YoY | 770.8% | -10.9% |
| EPS (diluted) | $12.07 | $0.54 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $23.9B | $31.5B | ||
| Q4 25 | $13.6B | $33.5B | ||
| Q3 25 | $11.3B | $30.7B | ||
| Q2 25 | $9.3B | $30.8B | ||
| Q1 25 | $8.1B | $30.6B | ||
| Q4 24 | $8.7B | $32.3B | ||
| Q3 24 | $7.8B | $30.2B | ||
| Q2 24 | $6.8B | $29.8B |
| Q1 26 | $13.8B | $4.2B | ||
| Q4 25 | $5.2B | $3.8B | ||
| Q3 25 | $3.2B | $9.3B | ||
| Q2 25 | $1.9B | $4.5B | ||
| Q1 25 | $1.6B | $4.4B | ||
| Q4 24 | $1.9B | $4.1B | ||
| Q3 24 | — | $-174.0M | ||
| Q2 24 | $332.0M | $3.6B |
| Q1 26 | 74.4% | — | ||
| Q4 25 | 56.0% | — | ||
| Q3 25 | 44.7% | — | ||
| Q2 25 | 37.7% | — | ||
| Q1 25 | 36.8% | — | ||
| Q4 24 | 38.4% | — | ||
| Q3 24 | 35.3% | — | ||
| Q2 24 | 26.9% | — |
| Q1 26 | 67.6% | 21.1% | ||
| Q4 25 | 45.0% | 17.3% | ||
| Q3 25 | 32.3% | 19.9% | ||
| Q2 25 | 23.3% | 21.1% | ||
| Q1 25 | 22.0% | 18.8% | ||
| Q4 24 | 25.0% | 16.5% | ||
| Q3 24 | — | 7.0% | ||
| Q2 24 | 10.6% | 19.3% |
| Q1 26 | 57.8% | 13.3% | ||
| Q4 25 | 38.4% | 11.3% | ||
| Q3 25 | 28.3% | 30.3% | ||
| Q2 25 | 20.3% | 14.6% | ||
| Q1 25 | 19.7% | 14.2% | ||
| Q4 24 | 21.5% | 12.6% | ||
| Q3 24 | — | -0.6% | ||
| Q2 24 | 4.9% | 12.1% |
| Q1 26 | $12.07 | $0.54 | ||
| Q4 25 | $4.60 | $0.52 | ||
| Q3 25 | $2.83 | $1.29 | ||
| Q2 25 | $1.68 | $0.62 | ||
| Q1 25 | $1.41 | $0.61 | ||
| Q4 24 | $1.67 | $0.56 | ||
| Q3 24 | — | $-0.03 | ||
| Q2 24 | $0.30 | $0.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $13.9B | $12.0B |
| Total DebtLower is stronger | $9.6B | $131.6B |
| Stockholders' EquityBook value | $72.5B | $125.6B |
| Total Assets | $101.5B | $421.2B |
| Debt / EquityLower = less leverage | 0.13× | 1.05× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $13.9B | $12.0B | ||
| Q4 25 | $9.7B | $18.2B | ||
| Q3 25 | $9.6B | $20.3B | ||
| Q2 25 | $10.2B | $10.5B | ||
| Q1 25 | $7.6B | $6.9B | ||
| Q4 24 | $6.7B | $3.3B | ||
| Q3 24 | $7.0B | $2.6B | ||
| Q2 24 | $7.6B | $3.1B |
| Q1 26 | $9.6B | $131.6B | ||
| Q4 25 | $11.2B | $127.1B | ||
| Q3 25 | $14.0B | $128.1B | ||
| Q2 25 | $15.0B | $123.1B | ||
| Q1 25 | $13.9B | $117.3B | ||
| Q4 24 | $13.3B | $118.4B | ||
| Q3 24 | $13.0B | $126.4B | ||
| Q2 24 | $12.9B | $125.4B |
| Q1 26 | $72.5B | $125.6B | ||
| Q4 25 | $58.8B | $126.5B | ||
| Q3 25 | $54.2B | $126.8B | ||
| Q2 25 | $50.7B | $121.4B | ||
| Q1 25 | $48.6B | $119.9B | ||
| Q4 24 | $46.8B | $118.2B | ||
| Q3 24 | $45.1B | $116.3B | ||
| Q2 24 | $44.2B | $119.3B |
| Q1 26 | $101.5B | $421.2B | ||
| Q4 25 | $86.0B | $420.2B | ||
| Q3 25 | $82.8B | $423.2B | ||
| Q2 25 | $78.4B | $405.5B | ||
| Q1 25 | $73.1B | $397.5B | ||
| Q4 24 | $71.5B | $394.8B | ||
| Q3 24 | $69.4B | $393.7B | ||
| Q2 24 | $66.3B | $398.0B |
| Q1 26 | 0.13× | 1.05× | ||
| Q4 25 | 0.19× | 1.00× | ||
| Q3 25 | 0.26× | 1.01× | ||
| Q2 25 | 0.30× | 1.01× | ||
| Q1 25 | 0.28× | 0.98× | ||
| Q4 24 | 0.28× | 1.00× | ||
| Q3 24 | 0.29× | 1.09× | ||
| Q2 24 | 0.29× | 1.05× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $11.9B | $7.6B |
| Free Cash FlowOCF − Capex | $5.5B | $2.5B |
| FCF MarginFCF / Revenue | 23.1% | 8.0% |
| Capex IntensityCapex / Revenue | 26.8% | 15.5% |
| Cash ConversionOCF / Net Profit | 0.86× | 1.82× |
| TTM Free Cash FlowTrailing 4 quarters | $11.9B | $17.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $11.9B | $7.6B | ||
| Q4 25 | $8.4B | $11.3B | ||
| Q3 25 | $17.5B | $10.2B | ||
| Q2 25 | $4.6B | $9.8B | ||
| Q1 25 | $3.9B | $9.0B | ||
| Q4 24 | $3.2B | $11.9B | ||
| Q3 24 | $8.5B | $10.2B | ||
| Q2 24 | $2.5B | $9.1B |
| Q1 26 | $5.5B | $2.5B | ||
| Q4 25 | $3.0B | $4.5B | ||
| Q3 25 | $1.7B | $5.3B | ||
| Q2 25 | $1.7B | $4.9B | ||
| Q1 25 | $-113.0M | $4.8B | ||
| Q4 24 | $38.0M | $5.1B | ||
| Q3 24 | $121.0M | $4.9B | ||
| Q2 24 | $396.0M | $4.7B |
| Q1 26 | 23.1% | 8.0% | ||
| Q4 25 | 22.2% | 13.6% | ||
| Q3 25 | 14.7% | 17.1% | ||
| Q2 25 | 18.0% | 15.8% | ||
| Q1 25 | -1.4% | 15.6% | ||
| Q4 24 | 0.4% | 15.6% | ||
| Q3 24 | 1.6% | 16.3% | ||
| Q2 24 | 5.8% | 15.9% |
| Q1 26 | 26.8% | 15.5% | ||
| Q4 25 | 39.5% | 20.3% | ||
| Q3 25 | 140.1% | 15.9% | ||
| Q2 25 | 31.6% | 15.9% | ||
| Q1 25 | 50.4% | 14.0% | ||
| Q4 24 | 36.8% | 21.2% | ||
| Q3 24 | 108.2% | 17.5% | ||
| Q2 24 | 30.6% | 14.6% |
| Q1 26 | 0.86× | 1.82× | ||
| Q4 25 | 1.61× | 2.99× | ||
| Q3 25 | 5.47× | 1.09× | ||
| Q2 25 | 2.45× | 2.17× | ||
| Q1 25 | 2.49× | 2.08× | ||
| Q4 24 | 1.73× | 2.92× | ||
| Q3 24 | — | — | ||
| Q2 24 | 7.48× | 2.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MU
| CMBU | $7.7B | 32% |
| MCBU | $7.7B | 32% |
| CDBU | $5.7B | 24% |
| AEBU | $2.7B | 11% |
| Other Product Sales | $95.0M | 0% |
T
| Service | $25.5B | 81% |
| Equipment | $6.0B | 19% |
