Data center. Pexels Image.
This page explores Micron Technology’s revenue breakdown by segment. Micron’s segments consist of the following business units:
New Grouping
- Cloud Memory Business Unit (“CMBU”)
- Core Data Center Business Unit (“CDBU”)
- Mobile and Client Business Unit (“MCBU”)
- Automotive and Embedded Business Unit (“AEBU”)
- Others
Legacy Grouping
- Compute and Networking Business Unit (“CNBU”)
- Mobile Business Unit (“MBU”)
- Storage Business Unit (“SBU”)
- Embedded Business Unit (“EBU”)
- Others
Let’s look at the revenue results.
For other key statistics of Micron Technology, you may find more resources on this page: Micron key stats.
Please use the table of contents to navigate this page.
Table Of Contents
Definitions And Overview
- Cloud Memory Business Unit (“CMBU”)
- Core Data Center Business Unit (“CDBU”)
- Mobile and Client Business Unit (“MCBU”)
- Automotive and Embedded Business Unit (“AEBU”)
- Compute and Networking Business Unit (“CNBU”)
- Mobile Business Unit (“MBU”)
- Storage Business Unit (“SBU”)
- Embedded Business Unit (“EBU”)
Insight & Summary of Observed Trends
Z1. Insight & Summary of Micron’s Revenue Breakdown by Segment
Revenue by Segment Results (New Grouping)
A1. Revenue breakdown by segment
A2. Revenue mix by segment
A3. Revenue growth by segment
Revenue by Segment Results (Legacy Grouping)
B1. Revenue breakdown by segment
B2. Revenue mix by segment
B3. Revenue growth by segment
Reference, Credits, and Disclosure
S1. References and Credits
S2. Disclosure
Definitions of new segments
To help readers understand the content better, the following terms and glossaries have been provided.
Cloud Memory Business Unit (“CMBU”):
CMBU is focused on memory solutions for large hyperscale cloud customers, and HBM for all data center customers. In addition to HBM, CMBU sales include DDR, LPDDR, and GDDR.
Core Data Center Business Unit (“CDBU”):
CDBU is focused on memory solutions for mid-tier cloud, enterprise, and OEM data center customers and storage solutions for all data center customers, including data center SSDs and NAND components.
Mobile and Client Business Unit (“MCBU”):
MCBU is focused on memory and storage solutions for the mobile and client segments. Additionally, MCBU sales include our Crucial-branded SSDs and DRAM sold to the consumer market and component DRAM and NAND sales of TLC and QLC.
Automotive and Embedded Business Unit (“AEBU”):
AEBU is focused on memory and storage solutions for the automotive, industrial, and consumer segments sold into the intelligent edge, including discrete and module DRAM, discrete NAND, managed NAND, SSDs, and NOR. The intelligent edge refers to the continually growing set of connected systems and devices where data is analyzed and aggregated closest to where it is captured. Intelligent devices, those using AI for inference at the edge, are now more self-contained and do not need to connect to the cloud to run their algorithms.
Definitions of legacy segments
Compute and Networking Business Unit (“CNBU”):
CNBU includes memory products and solutions sold into the data center, PC, graphics, and networking markets including HBM, DDR, LPDRAM and GDDR, as well as some emerging memory technologies like compute express link (“CXL”) and multi-ranked dual in-line memory module (“MRDIMM”).
Mobile Business Unit (“MBU”):
MBU includes memory and storage products sold into the smartphone and other mobile-device markets including discrete NAND, DRAM, and managed NAND products. MBU offers a comprehensive portfolio of MCPs and managed NAND, including products which combine eMMC/UFS solutions with LPDRAM, along with a suite of unique firmware features designed for next-generation smartphones and to accelerate AI applications in the mobile market.
Storage Business Unit (“SBU”):
SBU includes SSDs and component-level storage solutions sold into the data center, PC, and consumer markets. The data center market includes enterprise and cloud SSDs and enterprise NAND components while the PC market consists of client SSDs. Additionally, SBU sales include NAND components and our Crucial-branded SSDs sold to the consumer market.
Embedded Business Unit (“EBU”):
EBU includes memory and storage products and solutions sold into the intelligent edge through the automotive, industrial, and consumer embedded markets including discrete and module DRAM, discrete NAND, managed NAND, SSDs, and NOR. The intelligent edge refers to the continually growing set of connected systems and devices where data is analyzed and aggregated closest to where it is captured.
Intelligent devices, those using AI for inference at the edge, are now more self-contained and do not need to connect to the cloud to run their algorithms.
Insight & Summary of Micron’s Revenue Breakdown by Segment
Micron's revenue by segment is presented under two groupings: a new grouping (CMBU, CDBU, MCBU, AEBU and Others) for FY2023–FY2026 and a legacy grouping (CNBU, MBU, SBU, EBU and Others) for FY2013–FY2024, each in dollars, mix and growth. The groupings overlap in FY2023–FY2024 with identical totals but cut the business differently, so segment lines cannot be compared one to one.
New Grouping: Two Segments Now Drive Growth: CMBU and CDBU together rose from 25.7% of revenue in FY2023 to 60.6% in FY2026 and supplied 62.5% of the $95,810M FY2026 increase, while MCBU and AEBU fell from 74.2% to 39.4% of revenue even though both kept growing in dollars.
New Grouping: Rotating Growth Leadership: The fastest-growing segment and the largest contributor were not always the same, so leadership is better read in dollars than in percentages. In FY2024 CDBU grew fastest (134.7%), but off a FY2023 base of $2,124M this added only $2,860M, while MCBU, growing 57.8%, added the most ($4,273M, 44.6% of the $9,571M increase). In FY2025 CMBU led on both measures (256.6%, $9,732M, 79.3% of the $12,267M increase) as MCBU and AEBU stalled at 1.6% and 2.6%. FY2026 was broad-based, with all four segments growing between 208.6% and 420.0%: CDBU added $30,363M, CMBU $29,561M, MCBU $24,742M and AEBU $11,133M. Others is 0.1% of revenue or less and carries no weight.
Legacy Grouping: CNBU as the Cyclical Core: CNBU was the largest segment in every year, with a share between 36.5% and 50.2%, and it amplified the cycle. Measured as a segment's growth divided by total revenue growth in the same year, CNBU fell 1.4x, 1.5x and 1.2x as much as the total in the downturns of FY2016, FY2019 and FY2023, and rose 1.4x and 1.6x as much in the upturns of FY2017 and FY2018. These are single-year ratios, not a regression.
Legacy Grouping: EBU as the Stabilizer: EBU cushioned the same downturns (0.1x, 0.4x and 0.6x the total's decline), so its share rose to a high of 23.4% in FY2023 and eased to 18.4% in FY2024 as the recovery favored other segments, with EBU growing 26.9% against 61.6% for the total. Among the four segments, SBU and MBU recovered fastest in FY2024 (79.9% and 75.0%).
Legacy Grouping: Three Full Cycles: Total revenue rose 80.3% in FY2014, contracted in FY2016 (-23.4%), peaked at $30,391M in FY2018, slid to $21,435M by FY2020, set a second peak of $30,758M in FY2022, only 1.2% higher, and then fell to $15,540M in FY2023 (-49.5%), the deepest drawdown. The FY2024 rebound of 61.6% left revenue at 81.6% of the FY2022 peak, while CNBU, at $9,513M, is still only 62.4% of its FY2018 peak of $15,252M.
Groupings Are Not Directly Comparable: The two groupings reconcile only at the total level, $15,540M in FY2023 and $25,111M in FY2024, so a segment's history cannot be extended from one grouping to the other.
Structural Takeaway & Trend: Structurally, Micron's revenue has moved from a cyclical, CNBU-centred structure, in which one segment held 36.5%–50.2% of revenue and amplified every swing, to one in which CMBU and CDBU hold 60.6% of revenue and supplied 62.5% of the FY2026 increase. Revenue is therefore more concentrated in fast-growing segments, while the legacy stabilizer, EBU, cushioned each downturn. Leadership within the new grouping is not stable: MCBU, CMBU and CDBU added the most dollars in successive years, and the fastest-growing segment was not always the largest contributor. Whether the new grouping holds a comparable cushion cannot yet be tested, since its four years span only one up-cycle.
The trend is changing. FY2026 growth of 256.3% (a $95,810M increase), more than three times the strongest legacy year (80.3%), lifted all four segments above 200%. After the surges of FY2014 (80.3%) and FY2017–FY2018 (63.9% and 49.5%), revenue was flat in FY2015 (-1.0%) and contracted in FY2019 (-23.0%), which suggests that growth should normalize. If CMBU and CDBU behave as CNBU did, a downturn would hit revenue harder than the segment mix implies. A combined CMBU and CDBU share that holds above 60% would confirm the concentration, while a combined MCBU and AEBU share recovering above its FY2025 level of 44.4% would signal a broader base.
The table below combines all key Micron’s segment revenue metrics into a single view for the latest three fiscal years.
Micron's Revenue by Segment Analysis — Averages
| Metric | Average |
|---|---|
| Revenue Breakdown by Segment (New Grouping) (3-Year Average (FY2024–FY2026)) | |
| CMBU | $20,134M |
| CDBU | $16,602M |
| MCBU | $20,042M |
| AEBU | $8,423M |
| Others | $25M |
| Total Segment | $65,226M |
| Revenue Mix by Segment (New Grouping) (3-Year Average (FY2024–FY2026)) | |
| CMBU | 27.9% |
| CDBU | 22.4% |
| MCBU | 35.2% |
| AEBU | 14.3% |
| Others | 0.0% |
| Total Segment | 100.0% |
| Revenue Growth by Segment (New Grouping) (3-Year Average (FY2024–FY2026)) | |
| CMBU | 192.6% |
| CDBU | 199.9% |
| MCBU | 89.3% |
| AEBU | 82.9% |
| Others | 85.4% |
| Total Segment | 122.3% |
| Revenue Breakdown by Segment (Legacy Grouping) (3-Year Average (FY2022–FY2024)) | |
| CNBU | $9,639M |
| MBU | $5,748M |
| SBU | $3,899M |
| EBU | $4,495M |
| Others | $22M |
| Total Segment | $23,803M |
| Revenue Mix by Segment (Legacy Grouping) (3-Year Average (FY2022–FY2024)) | |
| CNBU | 39.7% |
| MBU | 24.1% |
| SBU | 16.5% |
| EBU | 19.6% |
| Others | 0.1% |
| Total Segment | 100.0% |
| Revenue Growth by Segment (Legacy Grouping) (3-Year Average (FY2022–FY2024)) | |
| CNBU | 6.6% |
| MBU | 8.6% |
| SBU | 16.9% |
| EBU | 6.9% |
| Others | 60.4% |
| Total Segment | 7.7% |
Revenue averages rounded to the nearest million US dollars; mix and growth averages are the simple average of the annual percentages, rounded to one decimal place. Legacy grouping data ends at FY2024, so those sections average the latest three available periods.
Revenue breakdown by segment (new grouping)
View data as table
Micron Revenue Breakdown by Segment (New Grouping) — All Metrics by Fiscal Year
| Fiscal Year | CMBU | CDBU | MCBU | AEBU | Others | Total Segment |
|---|---|---|---|---|---|---|
| 2023 | $1,872M | $2,124M | $7,394M | $4,139M | $11M | $15,540M |
| 2024 | $3,792M | $4,984M | $11,667M | $4,631M | $37M | $25,111M |
| 2025 | $13,524M | $7,229M | $11,859M | $4,753M | $13M | $37,378M |
| 2026 | $43,085M | $37,592M | $36,601M | $15,886M | $24M | $133,188M |
Micron’s new segment definition is available here: new segments.
Micron's Revenue Breakdown by Segment (New Grouping) — Averages (FY2024–FY2026)
| Metric | 3-Year Average (FY2024–FY2026) |
|---|---|
| CMBU | $20,134M |
| CDBU | $16,602M |
| MCBU | $20,042M |
| AEBU | $8,423M |
| Others | $25M |
| Total Segment | $65,226M |
Revenue averages rounded to the nearest million US dollars.
Revenue mix by segment (new grouping)
View data as table
Micron Revenue Mix by Segment (New Grouping) — All Metrics by Fiscal Year
| Fiscal Year | CMBU | CDBU | MCBU | AEBU | Others |
|---|---|---|---|---|---|
| 2023 | 12.0% | 13.7% | 47.6% | 26.6% | 0.1% |
| 2024 | 15.1% | 19.8% | 46.5% | 18.4% | 0.1% |
| 2025 | 36.2% | 19.3% | 31.7% | 12.7% | 0.0% |
| 2026 | 32.3% | 28.2% | 27.5% | 11.9% | 0.0% |
Micron’s new segment definition is available here: new segments.
Micron's Revenue Mix by Segment (New Grouping) — Averages (FY2024–FY2026)
| Metric | 3-Year Average (FY2024–FY2026) |
|---|---|
| CMBU | 27.9% |
| CDBU | 22.4% |
| MCBU | 35.2% |
| AEBU | 14.3% |
| Others | 0.0% |
| Total Segment | 100.0% |
Mix averages are the simple average of the annual mix percentages, rounded to one decimal place.
Revenue growth by segment (new grouping)
View data as table
Micron Revenue Growth by Segment (New Grouping) — All Metrics by Fiscal Year
| Fiscal Year | CMBU | CDBU | MCBU | AEBU | Others | Total Segment |
|---|---|---|---|---|---|---|
| 2024 | 102.6% | 134.7% | 57.8% | 11.9% | 236.4% | 61.6% |
| 2025 | 256.6% | 45.0% | 1.6% | 2.6% | -64.9% | 48.9% |
| 2026 | 218.6% | 420.0% | 208.6% | 234.2% | 84.6% | 256.3% |
Micron’s new segment definition is available here: new segments.
Micron's Revenue Growth by Segment (New Grouping) — Averages (FY2024–FY2026)
| Metric | 3-Year Average (FY2024–FY2026) |
|---|---|
| CMBU | 192.6% |
| CDBU | 199.9% |
| MCBU | 89.3% |
| AEBU | 82.9% |
| Others | 85.4% |
| Total Segment | 122.3% |
Growth averages are the simple average of the annual growth rates, rounded to one decimal place.
Revenue breakdown by segment (legacy grouping)
View data as table
Micron Revenue Breakdown by Segment (Legacy Grouping) — All Metrics by Fiscal Year
| Fiscal Year | CNBU | MBU | SBU | EBU | Others | Total Segment |
|---|---|---|---|---|---|---|
| 2013 | $3,462M | $1,214M | $2,824M | $1,275M | $298M | $9,073M |
| 2014 | $7,333M | $3,627M | $3,480M | $1,774M | $144M | $16,358M |
| 2015 | $6,725M | $3,692M | $3,687M | $1,999M | $89M | $16,192M |
| 2016 | $4,529M | $2,569M | $3,262M | $1,939M | $100M | $12,399M |
| 2017 | $8,624M | $4,424M | $4,514M | $2,695M | $65M | $20,322M |
| 2018 | $15,252M | $6,579M | $5,022M | $3,479M | $59M | $30,391M |
| 2019 | $9,968M | $6,403M | $3,826M | $3,137M | $72M | $23,406M |
| 2020 | $9,184M | $5,702M | $3,765M | $2,759M | $25M | $21,435M |
| 2021 | $12,280M | $7,203M | $3,973M | $4,209M | $40M | $27,705M |
| 2022 | $13,693M | $7,260M | $4,553M | $5,235M | $17M | $30,758M |
| 2023 | $5,710M | $3,630M | $2,553M | $3,637M | $10M | $15,540M |
| 2024 | $9,513M | $6,354M | $4,592M | $4,614M | $38M | $25,111M |
Micron’s legacy segment definition is available here: legacy segments.
Micron's Revenue Breakdown by Segment (Legacy Grouping) — Averages (FY2022–FY2024)
| Metric | 3-Year Average (FY2022–FY2024) |
|---|---|
| CNBU | $9,639M |
| MBU | $5,748M |
| SBU | $3,899M |
| EBU | $4,495M |
| Others | $22M |
| Total Segment | $23,803M |
Revenue averages rounded to the nearest million US dollars. Legacy grouping data ends at FY2024; the average uses the latest three available periods.
Revenue mix by segment (legacy grouping)
View data as table
Micron Revenue Mix by Segment (Legacy Grouping) — All Metrics by Fiscal Year
| Fiscal Year | CNBU | MBU | SBU | EBU | Others |
|---|---|---|---|---|---|
| 2013 | 38.2% | 13.4% | 31.1% | 14.1% | 3.3% |
| 2014 | 44.8% | 22.2% | 21.3% | 10.8% | 0.9% |
| 2015 | 41.5% | 22.8% | 22.8% | 12.3% | 0.5% |
| 2016 | 36.5% | 20.7% | 26.3% | 15.6% | 0.8% |
| 2017 | 42.4% | 21.8% | 22.2% | 13.3% | 0.3% |
| 2018 | 50.2% | 21.6% | 16.5% | 11.4% | 0.2% |
| 2019 | 42.6% | 27.4% | 16.3% | 13.4% | 0.3% |
| 2020 | 42.8% | 26.6% | 17.6% | 12.9% | 0.1% |
| 2021 | 44.3% | 26.0% | 14.3% | 15.2% | 0.1% |
| 2022 | 44.5% | 23.6% | 14.8% | 17.0% | 0.1% |
| 2023 | 36.7% | 23.4% | 16.4% | 23.4% | 0.1% |
| 2024 | 37.9% | 25.3% | 18.3% | 18.4% | 0.2% |
Micron’s legacy segment definition is available here: legacy segments.
Micron's Revenue Mix by Segment (Legacy Grouping) — Averages (FY2022–FY2024)
| Metric | 3-Year Average (FY2022–FY2024) |
|---|---|
| CNBU | 39.7% |
| MBU | 24.1% |
| SBU | 16.5% |
| EBU | 19.6% |
| Others | 0.1% |
| Total Segment | 100.0% |
Mix averages are the simple average of the annual mix percentages, rounded to one decimal place. Legacy grouping data ends at FY2024; the average uses the latest three available periods.
Revenue growth by segment (legacy grouping)
View data as table
Micron Revenue Growth by Segment (Legacy Grouping) — All Metrics by Fiscal Year
| Fiscal Year | CNBU | MBU | SBU | EBU | Others | Total Segment |
|---|---|---|---|---|---|---|
| 2014 | 111.8% | 198.8% | 23.2% | 39.1% | -51.7% | 80.3% |
| 2015 | -8.3% | 1.8% | 5.9% | 12.7% | -38.2% | -1.0% |
| 2016 | -32.7% | -30.4% | -11.5% | -3.0% | 12.4% | -23.4% |
| 2017 | 90.4% | 72.2% | 38.4% | 39.0% | -35.0% | 63.9% |
| 2018 | 76.9% | 48.7% | 11.3% | 29.1% | -9.2% | 49.5% |
| 2019 | -34.6% | -2.7% | -23.8% | -9.8% | 22.0% | -23.0% |
| 2020 | -7.9% | -10.9% | -1.6% | -12.0% | -65.3% | -8.4% |
| 2021 | 33.7% | 26.3% | 5.5% | 52.6% | 60.0% | 29.3% |
| 2022 | 11.5% | 0.8% | 14.6% | 24.4% | -57.5% | 11.0% |
| 2023 | -58.3% | -50.0% | -43.9% | -30.5% | -41.2% | -49.5% |
| 2024 | 66.6% | 75.0% | 79.9% | 26.9% | 280.0% | 61.6% |
Micron’s legacy segment definition is available here: legacy segments.
Micron's Revenue Growth by Segment (Legacy Grouping) — Averages (FY2022–FY2024)
| Metric | 3-Year Average (FY2022–FY2024) |
|---|---|
| CNBU | 6.6% |
| MBU | 8.6% |
| SBU | 16.9% |
| EBU | 6.9% |
| Others | 60.4% |
| Total Segment | 7.7% |
Growth averages are the simple average of the annual growth rates, rounded to one decimal place. Legacy grouping data ends at FY2024; the average uses the latest three available periods.
References and Credits
1. All financial figures presented were obtained and referenced from Micron’s quarterly and annual reports published on the company’s investor relations page: Micron investor relations.
2. Pexels Images.
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