As of Q1'26 (2025-11-27), MU reported R&D Expenses of USD 1.17B and SG&A Expenses of USD 337M, marking the highest levels in the observed period. This latest data point reflects a continued increase in both categories, with R&D Expenses showing a particularly notable rise. From Q2'23 to Q1'26, both R&D and SG&A Expenses have demonstrated a clear upward trend. R&D Expenses grew from USD 788M in Q2'23 to USD 1.17B in Q1'26, with a significant acceleration beginning in Q3'25. SG&A Expenses also increased steadily, rising from USD 231M to USD 337M over the same period. The data suggests a consistent expansion in operating expenses, with R&D remaining the dominant component throughout the timeframe.