Micron Technology, Inc.
NASDAQ•MU
CEO: Mr. Sanjay Mehrotra
Sector: Technology
Industry: Semiconductors
Listing Date: 1984-06-01
Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Mainland China, rest of the Asia Pacific, Hong Kong, Japan, Europe, and internationally. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and 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 serves the data center, PC, graphics, networking, automotive, industrial, and consumer embedded markets, as well as for smartphone and other mobile-device 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.
Contact Information
Market Cap
$474.31B
P/E (TTM)
19.6
46.9
Dividend Yield
0.1%
52W High
$471.34
52W Low
$65.65
52W Range
Rank40Top 42.0%
4.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q2 2026 Data
Revenue
$23.86B+0.00%
4-Quarter Trend
EPS
$12.25+0.00%
4-Quarter Trend
FCF
$17.29B+0.00%
4-Quarter Trend
2026 Q2 Earnings Highlights
Key Highlights
Quarterly Revenue Soars Q2 2026 Revenue reached $23.86B, up 196% versus Q2 2025 ($8.05B), driven by DRAM and NAND sales increases.
Gross Margin Expansion Gross margin percentage hit 74% in Q2 2026, a massive improvement from 37% in Q2 2025 due to ASP increases.
Strong Operating Cash Flow Net cash provided by operating activities totaled $20.31B for the first six months of 2026, reflecting strong profitability.
Net Income Multiples Growth Net income for the quarter was $13.79B, significantly higher than $1.58B reported in the prior year comparable period.
Risk Factors
High Capital Expenditure Needs Estimated capital expenditures for 2026 are projected to be above $25B, dependent on market conditions and incentives.
Intense Patent Litigation Exposure Company faces multiple ongoing patent infringement lawsuits, including significant jury verdict exposure from Netlist actions.
Geopolitical Trade Uncertainty International operations face risks from trade restrictions, tariffs, and regulatory actions, particularly concerning sales into China.
Volatile Average Selling Prices Historical ASP volatility for DRAM and NAND products remains a risk, potentially causing future gross margin deterioration.
Outlook
US Fab Expansion Underway Planning second leading-edge Idaho fab operational by end of 2028; New York fab construction started in January 2026.
Increased Shareholder Payouts Board declared quarterly dividend of $0.15 per share, up from $0.115 paid previously in the first half of 2026.
Significant Debt Reduction Prepayments reduced debt principal by $4.19B in H1 2026, including full retirement of 2028 Notes and 2029 Term Loan A.
R&D Investment Continues R&D expenses increased 36% for six months 2026, supporting development of new memory and storage technologies.
Peer Comparison
Revenue (TTM)
$81.20B
$67.54B
$59.05B
Gross Margin (Latest Quarter)
77.6%
74.8%
74.4%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| MU | $474.31B | 19.6 | 40.8% | 10.6% |
| LRCX | $329.25B | 53.5 | 62.6% | 21.0% |
| CSCO | $324.86B | 29.4 | 23.6% | 24.4% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
36.9%
Strong Growth
4Q Net Income CAGR
94.1%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow
Deep Research
Next earnings:Jun 24, 2026
EPS:$19.19
|Revenue:$33.84B
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data