Micron Technology, Inc.

Micron Technology, Inc.

MU

NASDAQTechnologySemiconductors

Latest quote

$1,029

−$6.84 · -0.66%

MU company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

Jul 10, 2026

GoAI Score

Hold

Valuation

84

Deep Value

Sentiment

63

Bullish

Risk

57

Elevated Risk

Momentum

59

Neutral

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Company profile

Company website

Micron Technology, Inc. is a global leader specializing in the development, manufacture, and sale of advanced semiconductor memory and storage solutions. Its operations are structured across four primary business segments: Compute and Networking, Mobile, Storage, and Embedded. The company's product portfolio encompasses a range of memory and data storage technologies. These include high-speed, low-latency Dynamic Random Access Memory (DRAM) components for rapid data retrieval; non-volatile, re-programmable NAND flash storage devices; and fast-read, non-volatile, re-writable NOR memory chips. These innovative solutions are offered under its well-known Micron and Crucial brands, as well as through private label partnerships. Micron's extensive offerings cater to a diverse array of markets and applications. This includes critical infrastructure like cloud servers and enterprise data centers, personal computing (client and graphics), mobile devices such as smartphones, networking equipment, automotive systems, industrial applications, and various consumer electronics. The company utilizes a multi-faceted approach to market its products, employing a direct sales force, independent sales representatives, and a network of distributors and retailers. Additionally, it leverages a web-based direct sales channel and collaborates with various channel and distribution partners. Founded in 1978, Micron Technology, Inc. is headquartered in Boise, Idaho.

Industry
Semiconductors
Sector
Technology
Headquarters
US
CEO
Sanjay Mehrotra
Listed since
Jun 1, 1984
Employees
53,000

Market position

Day range

Current $1,029

52-week range

Current $1,029

Open
$1,052.51
Previous close
$1,035.84
Volume
19.77M
0.51× average
Average volume
39M
Average daily volume
Market cap
1.16T USD
Beta
2.23
Market reference 1
50-day average
$976.19
+5.41% above average
200-day average
$701.68
+46.65% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.05T USD
P/E (TTM)
13.66×
P/B (TTM)
8.4×
P/S (TTM)
8.73×
EV / EBITDA
9.57×
Earnings yield
7.87%
Free cash flow yield
5.46%
Dividend yield
0.05%

Profitability & efficiency

Gross margin
80.72%
Operating margin
75.01%
Net margin
63.80%
Return on equity
61.40%
Return on assets
43.38%
Return on invested capital
50.40%

Financial health

Debt / equity
0.04×
Current ratio
3.31×
Altman Z-score
15.82
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends93%45%-2%-49%Gross margin, FY2022: 45.18%Gross margin, FY2023: -9.11%Gross margin, FY2024: 22.35%Gross margin, FY2025: 39.79%Gross margin, FY2026: 80.72%Operating margin, FY2022: 31.54%Operating margin, FY2023: -36.97%Operating margin, FY2024: 5.19%Operating margin, FY2025: 26.41%Operating margin, FY2026: 75.01%Net margin, FY2022: 28.24%Net margin, FY2023: -37.54%Net margin, FY2024: 3.10%Net margin, FY2025: 22.84%Net margin, FY2026: 63.80%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 45.18%. Gross margin FY2023 -9.11%. Gross margin FY2024 22.35%. Gross margin FY2025 39.79%. Gross margin FY2026 80.72%. Operating margin FY2022 31.54%. Operating margin FY2023 -36.97%. Operating margin FY2024 5.19%. Operating margin FY2025 26.41%. Operating margin FY2026 75.01%. Net margin FY2022 28.24%. Net margin FY2023 -37.54%. Net margin FY2024 3.10%. Net margin FY2025 22.84%. Net margin FY2026 63.80%.

Income trends

Revenue

133.19B USD+256.33%

Operating income

99.91B USD+912.23%

Net income

84.97B USD+895.07%
Income trends across reported periods147.09B USD91.48B USD35.87B USD−19.74B USDRevenue, FY2022: 30.76B USDRevenue, FY2023: 15.54B USDRevenue, FY2024: 25.11B USDRevenue, FY2025: 37.38B USDRevenue, FY2026: 133.19B USDOperating income, FY2022: 9.7B USDOperating income, FY2023: −5.75B USDOperating income, FY2024: 1.3B USDOperating income, FY2025: 9.87B USDOperating income, FY2026: 99.91B USDNet income, FY2022: 8.69B USDNet income, FY2023: −5.83B USDNet income, FY2024: 778M USDNet income, FY2025: 8.54B USDNet income, FY2026: 84.97B USDFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 30.76B USD. Revenue FY2023 15.54B USD. Revenue FY2024 25.11B USD. Revenue FY2025 37.38B USD. Revenue FY2026 133.19B USD. Operating income FY2022 9.7B USD. Operating income FY2023 −5.75B USD. Operating income FY2024 1.3B USD. Operating income FY2025 9.87B USD. Operating income FY2026 99.91B USD. Net income FY2022 8.69B USD. Net income FY2023 −5.83B USD. Net income FY2024 778M USD. Net income FY2025 8.54B USD. Net income FY2026 84.97B USD.
Financial statements: Income statement
Metric (USD)FY2026FY2025FY2024FY2023FY2022
Revenue133.19B USD37.38B USD25.11B USD15.54B USD30.76B USD
Cost of goods sold25.68B USD22.51B USD19.5B USD16.96B USD16.86B USD
Gross profit107.5B USD14.87B USD5.61B USD−1.42B USD13.9B USD
Research and development5.65B USD3.8B USD3.43B USD3.11B USD3.12B USD
Selling, general, and administrative1.95B USD1.21B USD1.13B USD920M USD1.07B USD
Operating expenses7.6B USD5B USD4.31B USD4.33B USD4.2B USD
Interest income1.08B USD496M USD529M USD468M USD96M USD
Interest expense106M USD477M USD562M USD388M USD189M USD
Depreciation and amortization9.5B USD8.35B USD7.78B USD7.76B USD7.12B USD
Operating income99.91B USD9.87B USD1.3B USD−5.75B USD9.7B USD
Net income84.97B USD8.54B USD778M USD−5.83B USD8.69B USD

Company facts updated Oct 12, 2026.

Earnings

EPS beat rate
100%
11 beats, 0 misses, 0 met estimates
Average EPS surprise
+37.80%
11 comparable reports
Latest EPS result
33.42
Estimate 31.77 · Beat by 5.19%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates41.1427.8314.521.22Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 20, 2025: actual 1.56, estimate 1.43, surprise +9.09%, Beat. Q2 2025, reported Jun 25, 2025: actual 1.91, estimate 1.6, surprise +19.37%, Beat. Q3 2025, reported Sep 23, 2025: actual 3.03, estimate 2.86, surprise +5.94%, Beat. Q4 2025, reported Dec 17, 2025: actual 4.78, estimate 3.96, surprise +20.71%, Beat. Q1 2026, reported Mar 18, 2026: actual 12.2, estimate 9.19, surprise +32.75%, Beat. Q2 2026, reported Jun 24, 2026: actual 25.11, estimate 20.98, surprise +19.69%, Beat. Q3 2026, reported Sep 30, 2026: actual 33.42, estimate 31.77, surprise +5.19%, Beat. Q4 2026, reported Dec 23, 2026: actual —, estimate 38.2, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates65.83B46.13B26.42B6.71BQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 20, 2025: actual 8.05B USD, estimate 7.9B USD, surprise +1.97%, Beat. Q2 2025, reported Jun 25, 2025: actual 9.3B USD, estimate 8.86B USD, surprise +4.94%, Beat. Q3 2025, reported Sep 23, 2025: actual 11.32B USD, estimate 11.22B USD, surprise +0.87%, Beat. Q4 2025, reported Dec 17, 2025: actual 13.64B USD, estimate 12.91B USD, surprise +5.70%, Beat. Q1 2026, reported Mar 18, 2026: actual 23.86B USD, estimate 19.97B USD, surprise +19.50%, Beat. Q2 2026, reported Jun 24, 2026: actual 41.46B USD, estimate 35.91B USD, surprise +15.44%, Beat. Q3 2026, reported Sep 30, 2026: actual 54.23B USD, estimate 51.33B USD, surprise +5.64%, Beat. Q4 2026, reported Dec 23, 2026: actual —, estimate 61.54B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$1,588.85

54.41% upside
Past 12 months12-month forecastHigh $3,000Average $1,588.85Low $1,200

Rating distribution

70 ratings
Strong buy00%
Buy5883%
Hold1014%
Sell23%
Strong sell00%

Recent analyst actions

12 institutions

MU news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.46

2025 complete year+268.0% since 1995

2026 partial: $0.30

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Oct 14, 2026

$0.15

Quarterly

Record Oct 14, 2026 · Payment Oct 29, 2026

Dividend

Ex-dividend Jul 6, 2026

$0.15

Quarterly

Record Jul 6, 2026 · Payment Jul 21, 2026

Dividend

Ex-dividend Mar 30, 2026

$0.15

Quarterly

Record Mar 30, 2026 · Payment Apr 15, 2026

Dividend

Ex-dividend Dec 29, 2025

$0.115

Irregular

Record Dec 29, 2025 · Payment Jan 14, 2026

Dividend

Ex-dividend Oct 3, 2025

$0.115

Quarterly

Record Oct 3, 2025 · Payment Oct 21, 2025

Dividend

Ex-dividend Jul 7, 2025

$0.115

Quarterly

Record Jul 7, 2025 · Payment Jul 22, 2025

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AI-generated and delayed market data for informational and educational purposes only. Not investment advice.