MU

Micron Technology, Inc.

Fundamental data last updated:May 12, 2026

We may earn a commission from partner links. This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate.

company profile

SECTOR

Technology

industry

Semiconductors

Exchange

NASDAQ

County of HQ

US

Next Earnings Date

06/24/2026

Business Summary

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.

 


VALUATION

P/E

36.55

Market Cap ($M USD)

$883.64B

Forward P/E

10.17

PEG

0.04

PRICE TO SALES

15.20

PRICE TO BOOK

12.17

EV / EBITDA

23.74

5-Year Average P/E

Free Cash Flow Yield

1.16%

DCF Value

$454.97

Graham Number

$176.25

Price to FCF

85.95

EV to FCF

85.78

Earnings Yield

2.74%

FCF Yield

1.16%

DIVIDEND

Yield

0.06%

Annual Payout

$0.50

Payout Ratio

2.19%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$21.44

Next Year EPS Growth Estimate

$77.08

Next Year Revenue Growth Estimate

$27.81T

Return on Equity (ROE)

40.84%

FREE CASH FLOW

Operating Margin

48.52%

Debt-to-Equity

0.28

Piotroski F-Score

7

Altman Z-Score

20.13

Return on Invested Capital (ROIC)

32.34%

Current Ratio

2.90

Quick Ratio

2.32

Net Debt to EBITDA

-0.05

Interest Coverage

79.89

Gross Profit margin

58.44%

FCF PER SHARE

$9.14

REVENUE PER SHARE

$51.66

Gainseekers Quantitative Analysis

Summary

Micron Technology’s valuation presents a paradox. Despite a DCF value significantly lower than its snapshot price, the market seems to be pricing in explosive growth, as evidenced by a forward P/E of 9.69 and a PEG ratio of just 0.037. The Altman Z-score of 17.80 signals robust financial health, suggesting minimal bankruptcy risk. However, the earnings yield of 2.87% appears modest, indicating the stock might be overvalued relative to its earnings potential. This juxtaposition of high growth expectations with a seemingly inflated market price raises questions about whether the stock is truly a bargain or a bubble.

AI Exposure / Tech Reliance

Positioned in the semiconductor industry, Micron is at the forefront of AI and tech evolution. Its products are critical for AI applications, providing the memory and storage solutions that power advanced computing. This strategic alignment ensures it remains relevant as technology continues to advance.

The Bull Case

For the discerning GARP investor, Micron offers compelling reasons to buy. With a ROIC of 32.34%, the company demonstrates exceptional capital efficiency, turning investments into substantial returns. Its Piotroski F-Score of 7 indicates strong financial health, while an operating margin of 48.52% showcases its pricing power. Despite a low FCF yield of 1.22%, the company's ability to generate cash flow is underscored by a robust gross profit margin of 58.44%, suggesting it can weather economic fluctuations and maintain profitability.

The Bear Case

Yet, Micron is not without its pitfalls. The stock's price-to-sales ratio of 14.49 and price-to-book ratio of 11.59 suggest a valuation stretched to its limits. Trading near its 52-week high, it appears technically overextended, raising concerns about potential downside risk. Furthermore, the price to FCF ratio of 81.92 highlights a disconnect between its market valuation and cash flow generation, suggesting investors might be paying a premium for future growth that is far from guaranteed.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$468.24

Institutional Ownership %

1-Year Beta

1.92

Insider Buying % (6 Mo)

Distance to 52-Week High

4.48%

Distance to 52-Week Low

88.40%

EARNINGS SURPRISE %

32.75%

50-DAY SMA

$448.96

200-DAY SMA

$290.60

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.