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Micron Technology, Inc.

MU NASDAQ Categories PDF
Technology · Semiconductors · United States · Updated May 11, 12:48pm
$795.34
Price
$896.9B
Market Cap
48,000
Employees
1.92
Beta
Sanjay Mehrotra
CEO
Business Description

Micron Technology, Inc. designs, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. It provides memory and storage technologies comprises DRAM products, which are dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; NAND products that are non-volatile and re-writeable semiconductor storage devices; and NOR memory products, which are non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels. The company offers memory products for the cloud server, enterprise, client, graphics, and networking markets, as well as for smartphone and other mobile-device markets; SSDs and component-level solutions for the enterprise and cloud, client, and consumer storage markets; other discrete storage products in component and wafers; and memory and storage products for the automotive, industrial, and consumer markets. It markets its products through its direct sales force, independent sales representatives, distributors, and retailers; and web-based customer direct sales channel, as well as through channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.

Business History
Price Overview
Last updated: May 11, 2026 12:48pm (just now)
$794.97
+48.16 (+6.45%)
Day Range
$768.68 – $818.67
52-Week Range
$90.93 – $818.67
50-Day MA
$448.96
200-Day MA
$290.60
Volume
43,363,142.34
Analyst Price Targets
Low $310.00
Consensus $468.24
High $1,000.00
(218 analysts)
Share Structure
Outstanding 1,127,730,000.00
Float 1,123,583,990.00
Free Float 99.6%
High free float — 99.6% of shares trade freely, ~0.4% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
API
Stock Price / EPS (Diluted)
37.09
Stock Price: $795.34
EPS (Diluted): 7.65
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
2.51
Stock Price: $795.34
Total Equity: $54.17B
Shares: 1,125,000,000
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
24.09
Market Cap: $896.93B
Total Debt: $14.65B
Cash: $9.64B
EBITDA: $18.49B
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$141.8B
Market Cap: $896.93B
Total Debt: $14.65B
Cash: $9.64B
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
39.8%
Gross Profit: $14.87B
Revenue: $37.38B
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
26.4%
Operating Income: $9.87B
Revenue: $37.38B
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
22.8%
Net Income: $8.54B
Revenue: $37.38B
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
40.8%
Net Income: $8.54B
Total Equity: $54.17B
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
27.7%
Operating Income: $9.87B
Tax Rate: 11.6%
Equity: $54.17B
Total Debt: $14.65B
Cash: $9.64B
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
2.52
Current Assets: $28.84B
Current Liabilities: $11.45B
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.27
Short-Term Debt: $634.00M
Long-Term Debt: $14.02B
Total Debt: $14.65B
Total Equity: $54.17B
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$33.22
Revenue: $37.38B
Shares: 1,125,000,000
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$48.15
Total Equity: $54.17B
Shares: 1,125,000,000
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$1.48
Operating CF: $17.53B
CapEx: -$15.86B
Shares: 1,125,000,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.4%
Last Dividend: N/A
Stock Price: $795.34
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $8.54B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares MU against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $27.7B $30.8B $15.5B $25.1B $37.4B
Cost of Revenue $17.3B $16.9B $17.0B $19.5B $22.5B
Gross Profit $10.4B $13.9B -$1.4B $5.6B $14.9B
Operating Expenses $4.2B $4.2B $4.3B $4.3B $5.0B
Operating Income $6.3B $9.7B -$5.7B $1.3B $9.9B
Net Income $5.9B $8.7B -$5.8B $778.0M $8.5B
EBITDA $12.9B $16.7B $2.2B $8.9B $18.5B
EPS $5.23 $7.81 $-5.34 $0.70 $7.65
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $7.8B $8.3B $8.6B $7.0B $9.6B
Total Current Assets $19.9B $21.8B $21.2B $24.4B $28.8B
Total Assets $58.8B $66.3B $64.3B $69.4B $82.8B
Current Liabilities $6.4B $7.5B $4.8B $9.2B $11.5B
Long-Term Debt $6.0B $6.0B $11.9B $11.2B $14.0B
Total Liabilities $14.9B $16.4B $20.1B $24.3B $28.6B
Total Equity $43.9B $49.9B $44.1B $45.1B $54.2B
Retained Earnings $39.1B $47.3B $40.8B $40.9B $48.6B
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow $12.5B $15.2B $1.6B $8.5B $17.5B
Capital Expenditure -$10.0B -$12.1B -$7.7B -$8.4B -$15.9B
Free Cash Flow $2.4B $3.1B -$6.1B $121.0M $1.7B
Acquisitions (net) $10.0B $888.0M $7.7B $0 $0
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks -$1.2B -$2.4B -$425.0M -$300.0M $0
Net Change in Cash $139.0M $510.0M $317.0M -$1.6B $2.6B
Analyst Estimates (Annual)
Metric 2027 2028 2029 2030
Revenue $173.0B
$146.0B – $193.7B
 $168.5B
$164.5B – $172.5B
 $242.6B
$179.8B – $287.4B
 $278.1B
$206.1B – $329.4B
EBITDA $86.5B
$73.0B – $96.8B
 $84.3B
$82.3B – $86.2B
 $121.3B
$89.9B – $143.7B
 $139.0B
$103.1B – $164.7B
Net Income $107.8B
$84.8B – $129.8B
 $90.3B
$59.2B – $124.9B
 $77.5B
$51.4B – $96.1B
 $86.7B
$57.5B – $107.5B
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth +11.0% -49.5% +61.6% +48.9%
Gross Profit Growth +33.3% -110.2% +496.4% +165.0%
Operating Income Growth +54.4% -159.2% +122.7% +656.9%
Net Income Growth +48.2% -167.1% +113.3% +997.6%
EBITDA Growth +29.5% -86.8% +304.5% +106.8%
Insider Trading (Recent)
Date Insider Type Shares Price Value
2026-05-01 MEHROTRA SANJAY S-Sale 503.00 $511.91 $257,491
2026-05-01 MEHROTRA SANJAY S-Sale 271.00 $514.41 $139,405
2026-05-01 MEHROTRA SANJAY S-Sale 187.00 $516.04 $96,499
2026-05-01 MEHROTRA SANJAY S-Sale 237.00 $516.62 $122,439
2026-05-01 MEHROTRA SANJAY S-Sale 213.00 $518.52 $110,445
2026-05-01 MEHROTRA SANJAY S-Sale 107.00 $519.72 $55,610
2026-05-01 MEHROTRA SANJAY S-Sale 236.00 $524.19 $123,709
2026-05-01 MEHROTRA SANJAY S-Sale 394.00 $525.36 $206,992
2026-05-01 MEHROTRA SANJAY S-Sale 224.00 $526.72 $117,985
2026-05-01 MEHROTRA SANJAY S-Sale 602.00 $527.63 $317,633
2026-05-01 MEHROTRA SANJAY S-Sale 1,193.00 $529.05 $631,157
2026-05-01 MEHROTRA SANJAY S-Sale 2,227.00 $529.92 $1.2M
2026-05-01 MEHROTRA SANJAY S-Sale 3,184.00 $530.84 $1.7M
2026-05-01 MEHROTRA SANJAY S-Sale 2,766.00 $531.97 $1.5M
2026-05-01 MEHROTRA SANJAY S-Sale 1,649.00 $532.89 $878,736
2026-05-01 MEHROTRA SANJAY S-Sale 931.00 $534.06 $497,210
2026-05-01 MEHROTRA SANJAY S-Sale 1,116.00 $534.92 $596,971
2026-05-01 MEHROTRA SANJAY S-Sale 1,075.00 $536.08 $576,286
2026-05-01 MEHROTRA SANJAY S-Sale 745.00 $537.21 $400,221
2026-05-01 MEHROTRA SANJAY S-Sale 1,632.00 $538.45 $878,750
Dividend History (Last 20)
Date Dividend Declaration Record Payment
2026-03-30 $0.15 2026-03-18 2026-03-30 2026-04-15
2025-12-29 $0.12 2025-12-17 2025-12-29 2026-01-14
2025-10-03 $0.12 2025-09-23 2025-10-03 2025-10-21
2025-07-07 $0.12 2025-06-25 2025-07-07 2025-07-22
2025-03-31 $0.12 2025-03-20 2025-03-31 2025-04-15
2024-12-30 $0.12 2024-12-18 2024-12-30 2025-01-15
2024-10-07 $0.12 2024-09-25 2024-10-07 2024-10-23
2024-07-08 $0.12 2024-06-26 2024-07-08 2024-07-23
2024-03-28 $0.12 2024-03-20 2024-04-01 2024-04-16
2023-12-29 $0.12 2023-12-20 2024-01-02 2024-01-18
2023-10-06 $0.12 2023-09-27 2023-10-10 2023-10-25
2023-07-07 $0.12 2023-06-28 2023-07-10 2023-07-25
2023-04-06 $0.12 2023-03-28 2023-04-10 2023-04-25
2022-12-30 $0.12 2022-12-21 2023-01-03 2023-01-19
2022-10-07 $0.12 2022-09-29 2022-10-11 2022-10-26
2022-07-08 $0.12 2022-06-30 2022-07-11 2022-07-26
2022-04-08 $0.10 2022-03-29 2022-04-11 2022-04-26
2021-12-31 $0.10 2021-12-17 2022-01-03 2022-01-18
2021-09-30 $0.10 2021-08-02 2021-10-01 2021-10-18
1996-05-07 $0.05 1996-04-29 1996-05-09 1996-05-31
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27