Micron Technology, Inc.

NasdaqGS:MU Stock Report

Market Cap: US$132.1b

Micron Technology Future Growth

Future criteria checks 5/6

Micron Technology is forecast to grow earnings and revenue by 81.7% and 24.5% per annum respectively. EPS is expected to grow by 78.9% per annum. Return on equity is forecast to be 13.5% in 3 years.

Key information

81.7%

Earnings growth rate

78.9%

EPS growth rate

Semiconductor earnings growth24.5%
Revenue growth rate24.5%
Future return on equity13.5%
Analyst coverage

Good

Last updated28 Mar 2024

Recent future growth updates

Recent updates

Micron: Reasonable Valuation On Massive Tailwind

Mar 28

Micron: HBM Is Sold Out In FY24/FY25 Thanks To AI Demand, Rating Maintained

Mar 21

Micron Stock: After Nearly Doubling, It's Time To Take Profits (Technical Analysis)

Mar 13

Micron: Please Don't Pay This Much For A Commodity Stock

Mar 07

Micron Is One Of My Top Stocks To Buy For The AI Boom, PC Upgrade Cycle And Robotics

Feb 27

Micron: Immense Bullish Support Embedded Here - Minimal Margin Of Safety

Jan 31

We Think Micron Technology (NASDAQ:MU) Has A Fair Chunk Of Debt

Jan 27
We Think Micron Technology (NASDAQ:MU) Has A Fair Chunk Of Debt

Micron Is A Buy Going Into 2024

Jan 20

With Micron Technology, Inc. (NASDAQ:MU) It Looks Like You'll Get What You Pay For

Dec 18
With Micron Technology, Inc. (NASDAQ:MU) It Looks Like You'll Get What You Pay For

Micron Technology (NASDAQ:MU) Is Making Moderate Use Of Debt

Sep 24
Micron Technology (NASDAQ:MU) Is Making Moderate Use Of Debt

These 4 Measures Indicate That Micron Technology (NASDAQ:MU) Is Using Debt Extensively

Jun 26
These 4 Measures Indicate That Micron Technology (NASDAQ:MU) Is Using Debt Extensively

Micron Technology (NASDAQ:MU) Might Be Having Difficulty Using Its Capital Effectively

May 29
Micron Technology (NASDAQ:MU) Might Be Having Difficulty Using Its Capital Effectively

Earnings and Revenue Growth Forecasts

NasdaqGS:MU - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
8/31/202638,85410,7095,47918,97618
8/31/202534,3308,1535,19715,91735
8/31/202424,5735781,6938,66128
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
2/28/201929,98513,0607,65017,661N/A
11/29/201831,50114,7508,95118,574N/A
8/30/201830,39114,1358,52117,400N/A
5/31/201828,08912,1787,55515,448N/A
3/1/201825,85810,0027,07113,594N/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
5/29/201414,9743,603N/A5,069N/A
2/27/201413,3102,840N/A4,238N/A
11/28/201311,2811,823N/A3,082N/A
8/29/20139,0731,190N/A1,811N/A
5/30/20138,193-761N/A1,544N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MU is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.3%).

Earnings vs Market: MU is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MU is expected to become profitable in the next 3 years.

Revenue vs Market: MU's revenue (24.5% per year) is forecast to grow faster than the US market (8.2% per year).

High Growth Revenue: MU's revenue (24.5% per year) is forecast to grow faster 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 (13.5%).


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