Inside the research
Micron Technology, Inc.
MU Research profile · latest available data
Price overview
$1,082.28
▲ +1.75 (+0.2%)
| 52w hi | $1,213.37 |
|---|---|
| 52w lo | $156.58 |
| Vol | 20.87M |
| As of | 25 Sep 2026 |
The Verdict
Our score +3.85
| Short | +6.58 |
|---|---|
| Medium | +2.37 |
| Long | +1.34 |
computed 2026-09-27
Key fundamentals
Micron Technology, Inc.
Technology · Semiconductors
| Market cap | $1.22T |
|---|---|
| Enterprise value | $1.20T |
| Trailing P/E | 24.45x |
| Forward P/E | 6.79x |
| EV / EBITDA | 17.63x |
| P / S (ttm) | 13.54x |
| Profit margin | 55.9% |
| Return on equity | 66.6% |
| Revenue growth | +345.7% |
| Earnings growth | +1368.5% |
| Debt / equity | 6.33 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.48 | |
| Sector | +0.24 | |
| Technical | +0.05 | |
| Earnings | +0.98 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
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. It also offers storage products, such as data center solid-state drives (SSD), client SSD storage, and auto and industrial SSD storage; managed NAND; NAND flash; NOR flash; and memory cards. In addition, the company provides design tools, including FBGA and part decoders; DRAM power calculators; NAND power calculators; simulation models; chipset compatibility guides; serial presence-detection tools; cross-reference tools; UFSparm; SSD firmware; software and drivers; storage executive software; and obsolete part catalogs. It markets its semiconductor memory and storage products under the Micron and Crucial brands. The company serves the data center, PC, graphics, networking, automotive, industrial, and consumer embedded markets, as well as the smartphone and other mobile-device markets. It sells its products through its direct sales force, independent sales representatives, distributors, and retailers; web-based customer direct sales channel; and channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.
Risk Metrics
| Beta vs SPX | 2.52 |
|---|---|
| Corr SPX | 0.56 |
| Annual vol | 72.0% |
| Annual ret | +149.9% |
| Sharpe | 2.08 |
| Max DD | -42.9% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $556.05 |
|---|---|
| High / Low | $1,000.00 / $249.00 |
| Median | $550.00 |
| Analysts | 42 |
| Strong Buy | 9 | |
|---|---|---|
| Buy | 30 | |
| Hold | 4 | |
| Sell | 1 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-04-28 | TD Cowen | → Buy |
| 2026-04-28 | DA Davidson | → Buy |
| 2026-04-27 | Melius Research | → Buy |
| 2026-04-08 | UBS | → Buy |
| 2026-03-31 | Citigroup | → Buy |
| 2026-03-19 | Wells Fargo | → Overweight |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-06-24 | Earnings Release, Exhibits | read |
| 2026-06-09 | Officer / Director Change, Exhibits | read |
| 2026-04-01 | Other Material Event, Exhibits | read |
| 2026-03-25 | Other Material Event, Exhibits | read |
| 2026-03-18 | Earnings Release, Exhibits | read |
| 2026-01-21 | Bylaws Amendment, Shareholder Vote… | read |
| 2025-12-17 | Earnings Release, Exhibits | read |
| 2025-10-21 | Officer / Director Change, Exhibits | read |
| 2025-09-23 | Earnings Release, Exhibits | read |
| 2025-08-11 | Reg FD Disclosure, Exhibits | read |
| 2025-07-18 | Bylaws Amendment, Exhibits | read |
| 2025-06-25 | Earnings Release, Exhibits | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-07-24 | MEHROTRA SANJAY | Director, Officer, Presid | Sell | 1.05K | $990.01K |
| 2026-07-24 | MEHROTRA SANJAY | Director, Officer, Presid | Sell | 626 | $591.56K |
| 2026-07-24 | MEHROTRA SANJAY | Director, Officer, Presid | Sell | 955 | $903.31K |
| 2026-07-24 | MEHROTRA SANJAY | Director, Officer, Presid | Sell | 797 | $754.58K |
| 2026-07-24 | MEHROTRA SANJAY | Director, Officer, Presid | Sell | 1.21K | $1.14M |
| 2026-07-24 | MEHROTRA SANJAY | Director, Officer, Presid | Sell | 108 | $102.68K |
| 2026-07-24 | MEHROTRA SANJAY | Director, Officer, Presid | Sell | 1 | $952 |
| 2026-07-24 | MEHROTRA SANJAY | Director, Officer, Presid | Sell | 725 | $691.79K |
| 2026-07-24 | MEHROTRA SANJAY | Director, Officer, Presid | Sell | 1.52K | $1.46M |
| 2026-07-24 | MEHROTRA SANJAY | Director, Officer, Presid | Sell | 405 | $387.46K |
Flow & Concentration
| Insider 180d net | -$180.03M |
|---|---|
| Insider buys / sells | 0 / 158 |
| Insider bias | Sellers |
| 13F holders | 9 |
| Top-5 share | 96.8% |
| HHI | 2,635 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $57.80B | 50.08M |
| Citadel Advisors | $39.28B | 34.03M |
| Fidelity / FMR LLC | $30.84B | 26.72M |
| Capital Research / Capital World | $14.12B | 12.24M |
| Millennium Management | $5.00B | 4.33M |
| AQR Capital Management | $4.43B | 3.83M |
| Renaissance Technologies | $244.22M | 211.58K |
| Bridgewater Associates | $134.67M | 116.67K |
| T. Rowe Price Group | $16.35M | 14.17M |
As of 2026-06-30
Dividends
| Yield (TTM) | 0.04% |
|---|---|
| $ / share (TTM) | $0.38 |
| 5y CAGR | — |
Annual dividend per share
| 2021 | $0.20 |
|---|---|
| 2022 | $0.45 |
| 2023 | $0.46 |
| 2024 | $0.46 |
| 2025 | $0.46 |
| 2026 | $0.15 |
SEC Filings
The Long Run
FY 2011–2025 · 15 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $25.11B | +18.8% | |
| Gross profit | $5.61B | +19.9% | |
| Operating income | -$5.75B | +30.0% | |
| Net income | $778.00M | -4.2% | |
| Cash from ops | $8.51B | +13.1% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $1,095.83 | $1,108.72 | $1,073.00 | $1,082.28 | 20.87M |
| Sep 24 | $1,049.75 | $1,081.04 | $1,044.00 | $1,080.53 | 22.07M |
| Sep 23 | $1,100.07 | $1,105.50 | $1,064.25 | $1,071.88 | 21.57M |
| Sep 22 | $1,032.85 | $1,097.25 | $1,030.02 | $1,096.16 | 29.19M |
| Sep 21 | $1,044.99 | $1,064.49 | $1,030.68 | $1,043.96 | 28.17M |
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