Micron Technology vs Nvidia
Nvidia reported revenue of $215.9 billion in fiscal 2026, 1.6 times Micron Technology's $133.2 billion in fiscal 2026. Micron Technology's revenue grew 256.3% in its latest year, and Nvidia's grew 65.5%. Micron Technology had an operating margin of 74.6%, against 60.4% at Nvidia. Free cash flow was $59.0 billion at Micron Technology and $96.7 billion at Nvidia. Their fiscal years end in different months (September 3 and January 25), so the periods don't line up exactly.
Side by side
| Micron Technology | Nvidia | |
|---|---|---|
| Latest fiscal year | FY2026, Sep 3, 2026 | FY2026, Jan 25, 2026 |
| Revenue | $133.2B | $215.9B |
| Revenue growth | 256.3% | 65.5% |
| Revenue growth a year, last 5 years | 36.9% | 66.9% |
| Gross margin | 80.7% | 71.1% |
| Operating margin | 74.6% | 60.4% |
| Net margin | 63.8% | 55.6% |
| Free cash flow | $59.0B | $96.7B |
| Free cash flow margin | 44.3% | 44.8% |
| Return on capital | 106.8% | — |
| Net debt to EBITDA | −0.3x | — |
| Dividends and buybacks | $1.3B | $41.1B |
| Change in diluted share count | 1.6% | −1.2% |
| Last close | $903.70 | $216.00 |
| P/E at the last close | 12.2× | 27.3× |
| Insider trades, last 12 months | bought $7.8 million, sold $398.3 million | sold $1.9 billion |
| Piotroski F-score | 8 of 9 | 4 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Micron TechnologyNvidia
Operating margin
Percent of revenue
Micron TechnologyNvidia
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Micron TechnologyNvidia
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Micron Technology and Nvidia pages.