MU Stock Analysis: Micron Technology | NASDAQ
Semiconductors | NASDAQ, USA | Market Cap: 1.101.791m USD | 12M Return: 699.7% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 59.1B
Qual. Beats: 3
Rev. Trend: 97.1%
Qual. Beats: 3
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Micron Technology designs, manufactures, and sells memory and storage semiconductor products globally, operating across the United States, Asia (including Taiwan, Japan, Mainland China, and Hong Kong), Europe, and other international markets. The company organizes its business into four segments: Cloud Memory, Core Data Center, Mobile and Client, and Automotive and Embedded. Founded in 1978 and headquartered in Boise, Idaho, Micron markets its products under the Micron and Crucial brands and sells through direct sales, independent representatives, distributors, retailers, and web-based channels.
Its product portfolio spans both memory and storage categories. Memory offerings include DRAM components and modules, LPDDR, graphics memory, high-bandwidth memory (HBM), CXL-based memory, and advanced node technologies such as 1y DRAM and G9 NAND. Storage products include data center SSDs, client SSDs, auto and industrial SSDs, managed NAND, NAND flash, NOR flash, and memory cards, along with multichip packages combining different memory types. Micron also provides design tools, simulation models, firmware, and software such as its Storage Executive utility to support product integration.
Micron serves a broad set of end markets including data center, PC, graphics, networking, automotive, industrial, consumer embedded, and smartphone and mobile-device markets. As a major player in the DRAM and NAND memory markets, its results are closely tied to the cyclical supply-demand dynamics characteristic of the memory semiconductor industry, while demand drivers such as AI-related data center workloads have increased the strategic importance of HBM and high-density DRAM products.
- HBM revenue surges on AI data center demand
- DRAM and NAND pricing recovery expands gross margins
- China smartphone weakness pressures mobile and client segment
| Net Income: 50.5b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.37 > 0.02 and ΔFCF/TA 9.62 > 1.0 |
| NWC/Revenue: 52.34% < 20% (prev 52.60%; Δ -0.26% < -1%) |
| CFO/TA 0.38 > 3% & CFO 51.4b > Net Income 50.5b |
| Net Debt (-16.3b) to EBITDA (68.5b): -0.24 < 3 |
| Current Ratio: 3.42 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.15b) vs 12m ago 1.78% < -2% |
| Gross Margin: 72.57% > 18% (prev 37.13%; Δ 35.44% > 0.5%) |
| Asset Turnover: 84.96% > 50% (prev 43.13%; Δ 41.83% > 0%) |
| Interest Coverage Ratio: 258.5 > 6 (EBIT TTM 59.5b / Interest Expense TTM 230.0m) |
| A: 0.35 (Total Current Assets 66.7b - Total Current Liabilities 19.5b) / Total Assets 134b |
| B: 0.71 (Retained Earnings 94.7b / Total Assets 134b) |
| C: 0.56 (EBIT TTM 59.5b / Avg Total Assets 106b) |
| D: 3.02 (Book Value of Equity 101b / Total Liabilities 33.4b) |
| Altman-Z'' = 11.54 = AAA |
| DSRI: 1.56 (Receivables 31.0b/7.44b, Revenue 90.3b/33.8b) |
| GMI: 0.51 (GM 37.13% / 72.57%) |
| AQI: 1.18 (AQ_t 0.08 / AQ_t-1 0.06) |
| SGI: 2.67 (Revenue 90.3b / 33.8b) |
| TATA: -0.01 (NI 50.5b - CFO 51.4b) / TA 134b) |
| Beneish M = -1.70 (Cap -4..+1) = CCC |
As of July 04, 2026, the stock is trading at USD 975.56 with a total of 61,844,400 shares traded. Over the past week, the price has changed by -19.61%, over one month by -9.63%, over three months by +158.25% and over the past year by +699.65%.
Current recommended Stop Loss: 761.10 (which is 22% or 2.2 ATR below the current price).
Micron Technology has received a consensus analysts rating of 4.49. Therefore, it is recommended to buy MU.
- StrongBuy: 25
- Buy: 6
- Hold: 5
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 1486 | 52.3% |
P/E Trailing = 22.0765
P/E Forward = 6.7295
P/S = 12.205
P/B = 11.5747
P/EG = 0.1533
Revenue TTM = 90.3b USD
EBIT TTM = 59.5b USD
EBITDA TTM = 68.5b USD
Long Term Debt = 3.05b USD (from longTermDebt, last quarter)
Short Term Debt = 582.0m USD (from shortTermDebt, last quarter)
Debt = 9.70b USD (from shortLongTermDebtTotal, last quarter) + Leases 3.32b
Net Debt = -16.3b USD (calculated: Debt 9.70b - CCE 26.0b)
Enterprise Value = 1085b USD (1102b + Debt 9.70b - CCE 26.0b)
Interest Coverage Ratio = 258.5 (Ebit TTM 59.5b / Interest Expense TTM 230.0m)
EV/FCF = 22.03x (Enterprise Value 1085b / FCF TTM 49.3b)
FCF Yield = 4.54% (FCF TTM 49.3b / Enterprise Value 1085b)
FCF Margin = 54.57% (FCF TTM 49.3b / Revenue TTM 90.3b)
Net Margin = 55.91% (Net Income TTM 50.5b / Revenue TTM 90.3b)
Gross Margin = 72.57% ((Revenue TTM 90.3b - Cost of Revenue TTM 24.8b) / Revenue TTM)
Gross Margin QoQ = 84.56% (prev 74.39%)
Tobins Q-Ratio = 8.09 (Enterprise Value 1085b / Total Assets 134b)
Interest Expense / Debt = 2.37% (Interest Expense 230.0m / Debt 9.70b)
Taxrate = 14.57% (8.61b / 59.1b)
NOPAT = 50.8b (EBIT 59.5b * (1 - 14.57%))
Current Ratio = 3.42 (Total Current Assets 66.7b / Total Current Liabilities 19.5b)
Debt / Equity = 0.10 (Debt 9.70b / totalStockholderEquity, last quarter 101b)
Debt / EBITDA = -0.24 (Net Debt -16.3b / EBITDA 68.5b)
Debt / FCF = -0.33 (Net Debt -16.3b / FCF TTM 49.3b)
Total Stockholder Equity = 71.5b (last 4 quarters mean from totalStockholderEquity)
RoA = 47.50% (Net Income 50.5b / Total Assets 134b)
RoE = 70.55% (Net Income TTM 50.5b / Total Stockholder Equity 71.5b)
RoCE = 79.72% (EBIT 59.5b / Capital Employed (Equity 71.5b + L.T.Debt 3.05b))
RoIC = 45.89% (NOPAT 50.8b / Invested Capital 111b)
WACC = 16.69% (E(1102b)/V(1111b) * Re(16.82%) + D(9.70b)/V(1111b) * Rd(2.37%) * (1-Tc(0.15)))
Discount Rate = 16.82% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 81.48 | Cagr: 1.23%
[DCF] Terminal Value 55.64% ; FCFF base≈38.1b ; Y1≈43.6b ; Y5≈64.2b
[DCF] Fair Price = 355.6 (EV 385b - Net Debt -16.3b = Equity 402b / Shares 1.13b; r=16.69% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 4.0 | # QB: 3
Revenue Correlation: 97.15 | Revenue CAGR: 76.16% | SUE: 4.0 | # QB: 3
EPS current Quarter (2026-11-30): EPS=34.80 | Chg30d=+35.67% | Revisions=+57% | Analysts=31
EPS current Year (2026-08-31): EPS=73.32 | Chg30d=+24.84% | Revisions=+62% | GrowthEPS=+784.5% | GrowthRev=+246.7%
EPS next Year (2027-08-31): EPS=149.64 | Chg30d=+42.35% | Revisions=+67% | GrowthEPS=+104.1% | GrowthRev=+82.8%
[Analyst] Revisions Ratio: +83% (up=15, down=0)