MU

Micron Technology
D

MU

Arincen83/100B

If you had invested in Micron Technology ago, it would be worth $45,172 today, against $4,081 in SPY and $6,291 in QQQ.

ArincenArincen ScoreBeta

83/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2026; the price as of today.

Micron Technology key facts

Style
Growth stock · 10.0/10Growth 10.0 · Value 9.3 · Dividend 1.0
Day range
750.33 – 796.18
52-week range
192.59 – 1,255.00
Market capitalization
880.31B USD
P/E
10.32
PEG ratio
0.27
EPS
75.38
Div Yield
0.08%
EPS growth forecast (FY2027)
+132.6%
Volume
983,185
Beta
2.37
ESG score
61.0/100Environment 57 · Social 62 · Governance 64
Sector
Technology
Industry
Semiconductors
CEO
Sanjay Mehrotra
Employees
61K
Website
micron.com
IPO date
1 Jun 1984

Micron Technology earnings

Next earnings · Q1 FY2027
EPS estimate
38.22 USD
Revenue estimate
61.72B USD
Last quarter · Q4 FY2026
EPS33.42Beat +5.2%Revenue54.23BBeat +5.6%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q4 FY202749.12——+46.97%76.04B——+40.23%
Q3 FY202745.66——+81.85%71.70B——+72.96%
Q2 FY202741.94——+243.77%66.82B——+180.07%
Q1 FY202738.22——+699.58%61.72B——+352.40%
Q4 FY202631.7733.42+5.19%+1,002.97%51.33B54.23B+5.64%+379.27%
Q3 FY202620.9825.11+19.69%+1,214.66%35.91B41.46B+15.44%+345.72%
Q2 FY20269.1912.20+32.75%+682.05%19.97B23.86B+19.50%+196.29%
Q1 FY20263.964.78+20.71%+167.04%12.91B13.64B+5.70%+56.65%
Q4 FY20252.863.03+5.94%+156.78%11.22B11.32B+0.87%+46.00%
Q3 FY20251.601.91+19.37%+208.06%8.86B9.30B+4.94%+36.56%

Analysts' estimates for FY2027 over the last 7 days:EPS Revenue How the estimates moved

Micron Technology analyst forecast

12-month price target
1,588.85 USD
+104.21%

Analysts' 1-year price targets range from 1,200.00 to 3,000.00, with an average of 1,588.85.

Past year
1-year forecast
Strong sellStrong buy
Strong buy
28 ratings
Buy
27
Hold
1
Sell
0

12-month price target

Highest target3,000.00
Average target1,588.85
Lowest target1,200.00
Current price778.06

Micron Technology valuation

Price to earnings ratio (TTM)
10.32
Forward P/E (FY2027)
4.43
Price to sales (TTM)
6.61
Price to book
6.36
EV / EBITDA (TTM)
7.74

Capital structure

Market capitalization
880.31B USD
+
Total debt
5.18B USD
−
Cash and short-term investments
43.43B USD
=
Enterprise value
842.06B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2029 (est.)3.57————
FY2028 (est.)3.693.57———
FY2027 (est.)4.433.69———
Now (TTM)10.324.266.616.367.74
FY202612.715.468.117.809.62
FY202515.951.653.642.517.67
FY2024136.5311.814.212.3412.47
FY2023-13.1016.634.921.7335.61
FY20227.341,073.252.071.283.74

Micron Technology against its own history

Each figure in the latest fiscal year against the same figure from FY2022 to FY2026: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Advanced Micro Devices, Broadcom, Intel, Applied Materials, Lam Research, and Texas Instruments, the US Semiconductors companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • Gross marginHighest in 5 years80.7%
    -9.1%80.7%
    Against its peers: 1 of 7Peers' median 50.0%
  • Operating marginHighest in 5 years74.6%
    -37.0%74.6%
    Against its peers: 1 of 7Peers' median 31.6%
  • Net marginHighest in 5 years63.8%
    -37.5%63.8%
    Against its peers: 1 of 7Peers' median 26.5%
  • Return on equityHighest in 5 years61.4%
    -13.2%61.4%
    Against its peers: 1 of 7Peers' median 29.6%
  • Free cash flow marginHighest in 5 years44.3%
    -39.4%44.3%
    Against its peers: 1 of 7Peers' median 19.8%
  • Revenue growthHighest in 5 years256.3%
    -49.5%256.3%
    Against its peers: 1 of 7Peers' median 18.5%
  • EPS growthAbove its median879.3%
    -169.0%984.3%
    Against its peers: 1 of 6Peers' median 38.8%
  • Debt to EBITDALowest in 5 years0.05×
    0.05×6.07×
    Against its peers: 1 of 7Peers' median 1.29×
  • Current ratioAbove its median3.31
    2.524.46
    Against its peers: 2 of 7Peers' median 2.62

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Micron Technology growth and profitability

Revenue (TTM)
133.19B USD
Net income (TTM)
84.97B USD
Gross margin
80.72%
Operating margin
74.59%
Net margin
63.80%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY2026133.19B+256.33%84.97B+895.07%80.72%74.59%63.80%108.84B+488.60%
FY202537.38B+48.85%8.54B+997.56%39.79%26.14%22.84%18.49B+104.87%
FY202425.11B+61.59%778.00M—22.35%5.19%3.10%9.03B+292.95%
FY202315.54B-49.48%-5.83B-167.15%-9.11%-36.97%-37.54%2.30B-86.35%
FY202230.76B+11.02%8.69B+48.22%45.18%31.54%28.24%16.83B+29.32%

Micron Technology revenue breakdown

By product

FY2026
CMBU: 32.3%CDBU: 28.2%MCBU: 27.5%AEBU: 11.9%All Other: 0.0%32.3%CMBU28.2%CDBU27.5%MCBU11.9%AEBU
SegmentRevenueShare of revenueChange on the year
CMBU43.09B32.3%+218.6%
CDBU37.59B28.2%+420.0%
MCBU36.60B27.5%+208.6%
AEBU15.89B11.9%+234.2%
All Other24.00M0.0%+84.6%

By region

FY2026
United States: 68.6%Taiwan: 12.7%China: 6.3%HONG KONG: 4.7%Other Asia Pacific: 4.3%Japan: 1.6%Europe: 1.3%Other Foreign Countries: 0.5%68.6%United States12.7%Taiwan6.3%China4.7%HONG KONG4.3%Other Asia Pacific1.6%Japan1.3%Europe
RegionRevenueShare of revenueChange on the year
United States91.32B68.6%+278.7%
Taiwan16.95B12.7%+198.8%
China8.34B6.3%+216.0%
HONG KONG6.29B4.7%+452.6%
Other Asia Pacific5.78B4.3%+202.0%
Japan2.07B1.6%+130.8%
Europe1.72B1.3%+174.6%
Other Foreign Countries729.00M0.5%+90.3%

How Micron Technology makes its money

CMBU43.09B 32.3%
CDBU37.59B 28.2%
MCBU36.60B 27.5%
AEBU15.89B 11.9%
All Other24.00M 0.0%
Revenue133.19B 100.0%
Cost of revenue25.68B 19.3%
Gross profit107.50B 80.7%
Research and development5.65B 4.2%
Selling and administration1.95B 1.5%
Other operating expenses567.00M 0.4%
Operating income99.34B 74.6%
Tax14.76B 11.1%
Net income84.97B 63.8%

FY2026, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Micron Technology dividends

Annual dividend
0.60 USD
Dividend yield (indicated)
0.08%
Payout ratio
0.75%
Years of dividend growth
1
Frequency
Quarterly
Last payment
0.15 USD
Last ex-dividend date
14 Oct 2026
Last payment date
29 Oct 2026

Dividends per share

Year2025202420232022202119961995199419931992
Dividends per share0.460.460.460.430.100.050.110.040.010.01

Micron Technology financial health

Cash and short-term investments
43.43B USD
Total debt
5.18B USD
Net cash
38.26B USD
Free cash flow (TTM)
58.96B USD
Current ratio
3.31
Debt to equity
0.04
Piotroski score
8 / 9
Altman Z-score
13.42

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY202643.43B5.18B58.96B
FY202510.31B15.28B1.67B
FY20248.11B14.01B121.00M
FY20239.59B13.93B-6.12B
FY20229.33B7.52B3.11B

Micron Technology ownership

Institutions
78.52%
Institutional holders
4,190 (+961)
Free float
99.67%

Who owns the shares

Institutions 78.5% Others 21.5%
As of 30 Jun 2026

Shares free to trade

Free float 1.13B shares ·99.7% Closely held 3.79M shares ·0.3%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 2026028999.98K512.27K
Q3 202608996.00136.79K
Q2 20260148125.00203.35K
Q1 202632323.69K88.43K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY20261.13B1.14B+1.60%
FY20251.12B1.13B+0.63%
FY20241.11B1.12B+2.29%
FY20231.09B1.09B-2.58%
FY20221.11B1.12B-1.67%

Source: Financial Modeling PrepVerified against SEC filings

Related Instruments News

Title: Micron Technology

Sector: Technology
Industry: Semiconductors
Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND,flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.

Common questions about Micron Technology stock