Micron Technology reported $134B of remaining performance obligations at 3 Sep 2026 and up 2,580% from the previous quarter. That is 1.0 years of trailing revenue already under contract. Book-to-bill last quarter: 3.38.
Net new backlog added in the latest quarter: $129B.
25% of the backlog is due within the next twelve months.
Customer prepayments (contract liabilities) cover 9.7% of the backlog.
By backlog size it ranks 10th among US filers the cockpit tracks.
Micron Technology backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
3 Sep 2026
$134B
$133B
1.0 yrs
$13.0B
28 May 2026
$5.00B
$90.3B
0.1 yrs
$422M
3 Jun 2021
$229M
$25.5B
0.0 yrs
$93.0M
4 Mar 2021
$291M
$23.5B
0.0 yrs
$65.0M
3 Dec 2020
$413M
$22.1B
0.0 yrs
$67.0M
3 Sep 2020
$498M
$21.4B
0.0 yrs
$65.0M
28 May 2020
$600M
$20.2B
0.0 yrs
$70.0M
Questions
What is Micron Technology's backlog?
Micron Technology reported $134B of remaining performance obligations at 3 Sep 2026 and up 2,580% from the previous quarter. That is 1.0 years of trailing revenue already under contract. Book-to-bill last quarter: 3.38.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.