Micron Technology, Inc.

NasdaqGS:MU Stock Report

Market Cap: US$136.9b

Micron Technology Future Growth

Future criteria checks 4/6

Micron Technology is forecast to grow earnings and revenue by 24.8% and 15.2% per annum respectively. EPS is expected to grow by 23.8% per annum. Return on equity is forecast to be 13.6% in 3 years.

Key information

24.8%

Earnings growth rate

23.83%

EPS growth rate

Semiconductor earnings growth22.4%
Revenue growth rate15.2%
Future return on equity13.60%
Analyst coverage

Good

Last updated30 Jun 2025

Recent future growth updates

Results: Micron Technology, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

Mar 25
Results: Micron Technology, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

Recent updates

Micron Q3: We're At Fair Value, But The Bull Run Doesn't Stop Here

Jun 30

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

Results: Micron Technology, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

Mar 25
Results: Micron Technology, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

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

Micron: I Keep Accumulating On The Dip

Feb 07

Micron Technology (NASDAQ:MU) Has A Pretty Healthy Balance Sheet

Feb 04
Micron Technology (NASDAQ:MU) Has A Pretty Healthy Balance Sheet

Micron: Why I'm Waiting For A Dip Now (Rating Downgrade)

Jan 26

Micron: Exposure To AI Tailwinds At A Cheap Valuation

Jan 20

Micron: A Stock Heading For Trouble

Jan 14

Micron's Bold Bet On AI Memory

Jan 04

Amidst Volatility, Micron Presents A Buying Opportunity For Investors

Dec 23

Micron Technology (NASDAQ:MU) Will Want To Turn Around Its Return Trends

Dec 18
Micron Technology (NASDAQ:MU) Will Want To Turn Around Its Return Trends

My Boldest Bet On Micron So Far: Why I'm Shorting This Stock Prior To Earnings

Dec 16

Micron Is On A Mission To Penetrate The HBM Market - Buy It

Dec 10

HBM Demand Is Surging Past Supply: Why Micron Is The Biggest Beneficiary

Dec 03

Micron: Here's Why It Keeps Dropping And Here's Why I Keep Buying

Nov 20

Micron: A Dip Worth Picking Up

Nov 07

Micron's Resurgence Is Here To Stay (Technical Analysis)

Oct 24

Micron Technology, Inc.'s (NASDAQ:MU) Shares Climb 26% But Its Business Is Yet to Catch Up

Oct 18
Micron Technology, Inc.'s (NASDAQ:MU) Shares Climb 26% But Its Business Is Yet to Catch Up

Does Micron Technology (NASDAQ:MU) Have A Healthy Balance Sheet?

Oct 15
Does Micron Technology (NASDAQ:MU) Have A Healthy Balance Sheet?

Micron: Bullish Catalysts In Motion

Oct 13

Micron Technology: The Market May Be Wrong

Oct 04

Micron: Why Q4 Results Didn't Get Me Excited

Sep 28

Micron's Stock Might Face A Steep Decline Following Q4 Results

Sep 22

Micron: I Am Buying The Drop Hand Over Fist Before Q4

Sep 14

Micron Technology, Inc.'s (NASDAQ:MU) Intrinsic Value Is Potentially 58% Above Its Share Price

Sep 11
Micron Technology, Inc.'s (NASDAQ:MU) Intrinsic Value Is Potentially 58% Above Its Share Price

Micron Technology: DRAM And NAND Price Recovery Priced In (Rating Downgrade)

Aug 25
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Micron will be one of the biggest beneficiaries in the semiconductor industry of the multi-year growth opportunity driven by AI

With the advancement of AI there will be high demand for High Bandwidth Memory (HBM) devices for AI data centres. Micron are in a strong position to serve AI demand for fast storage as these data-inte

Micron Is Dirt Cheap After The 45% Drop

Aug 13

Micron: This Apple And NVIDIA Supplier Is An Undervalued AI Stock

Aug 06

Micron Technology, Inc.'s (NASDAQ:MU) Shareholders Might Be Looking For Exit

Jul 31
Micron Technology, Inc.'s (NASDAQ:MU) Shareholders Might Be Looking For Exit

Micron: Strong Prospects For Secular And Cyclical Growth Are Coming Together

Jul 28

Micron Taught Me 2 Lessons (Rating Upgrade)

Jul 18

Micron: HBM3E Shipment Ramping Up From Q3, Expect Strong Revenue Growth

Jul 06

Micron: Key Beneficiary Of AI But Too Richly Valued

Jun 30

Earnings and Revenue Growth Forecasts

NasdaqGS:MU - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
8/31/202749,95113,0858,20724,03816
8/31/202647,13612,4075,42221,42934
8/31/202536,7987,9942,61916,52728
5/29/202533,8136,2251,88115,200N/A
2/27/202531,3234,67260613,073N/A
11/28/202429,0943,88255410,350N/A
8/29/202425,1117781218,507N/A
5/30/202421,371-1,539-1,3765,351N/A
2/29/202418,312-3,767-3,3092,893N/A
11/30/202316,181-6,872-5,0062,017N/A
8/31/202315,540-5,833-6,1171,559N/A
6/1/202318,173-2,911-4,7415,087N/A
3/2/202323,0631,611-1,9448,901N/A
12/1/202227,1566,18693512,186N/A
9/1/202230,7588,6873,11415,181N/A
6/2/202232,3899,9154,81915,288N/A
3/3/202231,1699,0244,86015,010N/A
12/2/202129,6197,3643,88214,439N/A
9/2/202127,7055,8612,43812,468N/A
6/3/202125,4874,12956010,855N/A
3/4/202123,5033,197-6629,318N/A
12/3/202022,0642,999-7568,262N/A
9/3/202021,4352,687838,306N/A
5/28/202020,2492,2602978,268N/A
2/27/202019,5992,2975268,956N/A
11/28/201920,6373,5111,36710,390N/A
8/29/201923,4066,3133,40913,189N/A
5/30/201926,97610,0776,10816,111N/A
2/28/201929,98513,060N/A17,661N/A
11/29/201831,50114,750N/A18,574N/A
8/30/201830,39114,135N/A17,400N/A
5/31/201828,08912,178N/A15,448N/A
3/1/201825,85810,002N/A13,594N/A
11/30/201723,1557,587N/A10,651N/A
8/31/201720,3225,089N/A8,153N/A
6/1/201717,4012,551N/A5,846N/A
3/2/201714,733689N/A3,828N/A
12/1/201613,019-302N/A3,186N/A
9/1/201612,399-276N/A3,168N/A
6/2/201612,782365N/A3,302N/A
3/3/201613,7371,071N/A4,248N/A
12/3/201514,9692,102N/A4,736N/A
9/3/201516,1922,899N/A5,208N/A
6/4/201516,8193,578N/A5,525N/A
3/5/201516,9483,893N/A5,645N/A
12/4/201416,8893,690N/A5,784N/A
8/28/201416,3583,045N/A5,699N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MU's forecast earnings growth (24.8% per year) is above the savings rate (2.9%).

Earnings vs Market: MU's earnings (24.8% per year) are forecast to grow faster than the US market (14.7% per year).

High Growth Earnings: MU's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MU's revenue (15.2% per year) is forecast to grow faster than the US market (8.7% per year).

High Growth Revenue: MU's revenue (15.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MU's Return on Equity is forecast to be low in 3 years time (13.6%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/07 05:34
End of Day Share Price 2025/07/03 00:00
Earnings2025/05/29
Annual Earnings2024/08/29

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 81 analysts. 34 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
Brett SimpsonArete Research Services LLP
Nam Hyung KimArete Research Services LLP