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Micron Technology, Inc.NasdaqGS:MU Stock Report

Market Cap US$475.4b
Share Price
US$420.59
US$425.13
1.1% undervalued intrinsic discount
1Y504.7%
7D14.8%
Portfolio Value
View

Micron Technology, Inc.

NasdaqGS:MU Stock Report

Market Cap: US$475.4b

Micron Technology (MU) Stock Overview

Designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Japan, Mainland China, Hong Kong, Europe, and internationally. More details

MU fundamental analysis
Snowflake Score
Valuation3/6
Future Growth6/6
Past Performance5/6
Financial Health6/6
Dividends0/6

MU Community Fair Values

Create Narrative

See what 1142 others think this stock is worth. Follow their fair value or set your own to get alerts.

US$425.13
FV
1.1% undervalued intrinsic discount
33.53%
Revenue growth p.a.
5k
users have viewed this narrative
13users have liked this narrative
0users have commented on this narrative
538users have followed this narrative
US$507.88
FV
17.2% undervalued intrinsic discount
24.00%
Revenue growth p.a.
2k
users have viewed this narrative
10users have liked this narrative
7users have commented on this narrative
93users have followed this narrative
US$550
FV
23.5% undervalued intrinsic discount
24.52%
Revenue growth p.a.
1.4k
users have viewed this narrative
12users have liked this narrative
0users have commented on this narrative
46users have followed this narrative
US$159.75
FV
163.3% overvalued intrinsic discount
3.2k
users have viewed this narrative
19users have liked this narrative
4users have commented on this narrative
60users have followed this narrative

Micron Technology, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Micron Technology
Historical stock prices
Current Share PriceUS$420.59
52 Week HighUS$471.34
52 Week LowUS$65.65
Beta1.61
1 Month Change0.45%
3 Month Change21.88%
1 Year Change504.73%
3 Year Change571.55%
5 Year Change363.92%
Change since IPO17,609.05%

Recent News & Updates

Micron: I Was Wrong, This Time Is Indeed Different (Rating Upgrade)

Apr 05

We Think That There Are Issues Underlying Micron Technology's (NASDAQ:MU) Earnings

Mar 26
We Think That There Are Issues Underlying Micron Technology's (NASDAQ:MU) Earnings

Recent updates

Micron: I Was Wrong, This Time Is Indeed Different (Rating Upgrade)

Apr 05

We Think That There Are Issues Underlying Micron Technology's (NASDAQ:MU) Earnings

Mar 26
We Think That There Are Issues Underlying Micron Technology's (NASDAQ:MU) Earnings

Analysts Just Made A Massive Upgrade To Their Micron Technology, Inc. (NASDAQ:MU) Forecasts

Mar 24
Analysts Just Made A Massive Upgrade To Their Micron Technology, Inc. (NASDAQ:MU) Forecasts

Position to be managed in the supercycle of memory but too expensive for long-term hold

Target Entry Point: Under $350 - ride 12 month supercycle (if you have appetite) Micron represents a cycle-aware position in the $200B+ global memory semiconductor market, entering the most profitable period in its 47-year history driven by AI-fueled demand for High Bandwidth Memory (HBM), data center DRAM, and enterprise SSDs. FY2026 is a confirmed supercycle: Q1 delivered $13.64B in record revenue (+57% YoY), Q2 is guided at $18.7B with 68% gross margins, and full-year consensus is ~$76B in revenue with ~$34 EPS. The core thesis — that AI structurally elevates memory from commodity component to strategic infrastructure — is validated by Micron's entire 2026 HBM supply being sold out under finalized contracts.

Micron (MU): The HBM3E Monopoly & The "Golden Era"

The 2026 narrative for Micron has shifted from "cyclical hardware" to a non-substitutable AI bottleneck. As of February 2026, Micron has officially sold out its entire HBM3e and HBM4 inventory for the year, granting the company unprecedented pricing power.

Micron Technology, Inc.'s (NASDAQ:MU) 28% Price Boost Is Out Of Tune With Revenues

Nov 07
Micron Technology, Inc.'s (NASDAQ:MU) 28% Price Boost Is Out Of Tune With Revenues

Optimistic Investors Push Micron Technology, Inc. (NASDAQ:MU) Shares Up 25% But Growth Is Lacking

Sep 13
Optimistic Investors Push Micron Technology, Inc. (NASDAQ:MU) Shares Up 25% But Growth Is Lacking

Micron: I'm Finally Bullish (Rating Upgrade)

Apr 28

Micron: A Buy Recommendation Despite Current Market Woes

Apr 21

Some Micron Technology, Inc. (NASDAQ:MU) Shareholders Look For Exit As Shares Take 27% Pounding

Apr 12
Some Micron Technology, Inc. (NASDAQ:MU) Shareholders Look For Exit As Shares Take 27% Pounding

Micron Stock: Buy Before The Supercycle

Apr 01

Micron Technology: HBM Ramp-Up May Pressure Margins, But Stock Remains A Buy

Mar 24

Micron Stock: Despite The Rating Downgrade, It's Still A Buy

Mar 18

Micron: The Only Semiconductor Giant Rallying YTD So Far

Mar 08

Micron: Large Upside And Strong Momentum

Feb 21

Micron: This Stock Won't Be This Cheap For Much Longer

Feb 14

Shareholder Returns

MUUS SemiconductorUS Market
7D14.8%10.8%3.3%
1Y504.7%96.2%28.1%

Return vs Industry: MU exceeded the US Semiconductor industry which returned 96.2% over the past year.

Return vs Market: MU exceeded the US Market which returned 28.1% over the past year.

Price Volatility

Is MU's price volatile compared to industry and market?
MU volatility
MU Average Weekly Movement9.9%
Semiconductor Industry Average Movement9.2%
Market Average Movement7.1%
10% most volatile stocks in US Market16.1%
10% least volatile stocks in US Market3.3%

Stable Share Price: MU has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: MU's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
197853,000Sanjay Mehrotrawww.micron.com

Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Japan, Mainland China, Hong Kong, Europe, and internationally. It operates through the Cloud Memory Business Unit; Core Data Center Business Unit; Mobile and Client Business Unit; and Automotive and Embedded Business Unit segments. The company provides memory products, including dynamic random access memory components and modules, CXL-based memory, LPDDR components and modules, graphics memory, high-bandwidth memory, and data center memory products; multichip packages (MCP) comprising embedded multimedia card-based, universal flash storage-based, and NAND-based MCPs; and technology leadership products that include 1y DRAM and G9 NAND technologies.

Micron Technology, Inc. Fundamentals Summary

How do Micron Technology's earnings and revenue compare to its market cap?
MU fundamental statistics
Market capUS$475.35b
Earnings (TTM)US$24.11b
Revenue (TTM)US$58.12b
19.7x
P/E Ratio
8.2x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MU income statement (TTM)
RevenueUS$58.12b
Cost of RevenueUS$24.16b
Gross ProfitUS$33.96b
Other ExpensesUS$9.85b
EarningsUS$24.11b

Last Reported Earnings

Feb 26, 2026

Next Earnings Date

n/a

Earnings per share (EPS)21.38
Gross Margin58.44%
Net Profit Margin41.49%
Debt/Equity Ratio10.1%

How did MU perform over the long term?

See historical performance and comparison

Dividends

0.1%
Current Dividend Yield
2%
Payout Ratio

Does MU pay a reliable dividends?

See MU dividend history and benchmarks
When do you need to buy MU by to receive an upcoming dividend?
Micron Technology dividend dates
Ex Dividend DateMar 30 2026
Dividend Pay DateApr 15 2026
Days until Ex dividend13 days
Days until Dividend pay date3 days

Does MU pay a reliable dividends?

See MU dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/10 12:22
End of Day Share Price 2026/04/10 00:00
Earnings2026/02/26
Annual Earnings2025/08/28

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Micron Technology, Inc. is covered by 71 analysts. 37 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Warren LauAletheia Analyst Network Limited
James FontanelliArete Research Services LLP
Nam Hyung KimArete Research Services LLP