(MU) Micron Technology - NASDAQ
Sector: Technology | Industry: Semiconductors | Exchange: NASDAQ (USA) | Market Cap: 1.123.076m USD | Total Return: 746.9% in 12m
Avg Turnover: 48.9B
Qual. Beats: 2
Rev. Trend: 97.0%
Qual. Beats: 2
Warnings
No concerns identified
Tailwinds
Shakeout, Supp Ema20, Rs Leader, Idiosyncratic Leader, Tailwind, Pullback 52w, Confidence
Micron Technology, Inc. is a global manufacturer of memory and storage solutions, specializing in DRAM and NAND technologies. The company operates through four primary segments: Cloud Memory, Core Data Center, Mobile and Client, and Automotive and Embedded. Its product portfolio includes high-bandwidth memory, solid-state drives (SSDs), and multichip packages marketed under the Micron and Crucial brands. Micron serves diverse end-markets ranging from data centers and smartphones to automotive and industrial applications.
The semiconductor memory industry is highly cyclical and capital-intensive, characterized by rapid technological transitions and fluctuating supply-demand dynamics. Micron’s business model relies on maintaining a leadership position in process technology, such as advanced nodes for DRAM and high-layer count NAND, to achieve cost efficiencies. As artificial intelligence applications expand, demand for high-bandwidth memory (HBM) has become a critical growth driver for the sector.
Investors can evaluate these industry cycles further by reviewing the detailed financial metrics available on ValueRay.
Headquartered in Boise, Idaho, the company utilizes a multi-channel distribution strategy, selling through a direct sales force, independent representatives, and retail partners. Its global footprint includes manufacturing and R&D facilities across Asia, Europe, and North America.
- High-bandwidth memory demand for AI servers accelerates revenue growth
- DRAM and NAND pricing volatility dictates quarterly gross margin performance
- China trade restrictions and domestic competition threaten long-term market share
- Capital expenditure on next-generation nodes impacts free cash flow levels
- Inventory cycles in PC and smartphone markets drive short-term earnings volatility
| Net Income: 24.1b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.39 > 0.02 and ΔFCF/TA 13.64 > 1.0 |
| NWC/Revenue: 46.66% < 20% (prev 53.67%; Δ -7.02% < -1%) |
| CFO/TA 0.30 > 3% & CFO 30.7b > Net Income 24.1b |
| Net Debt (-361.0m) to EBITDA (37.1b): -0.01 < 3 |
| Current Ratio: 2.90 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.14b) vs 12m ago 1.51% < -2% |
| Gross Margin: 58.44% > 18% (prev 34.73%; Δ 23.70% > 0.5%) |
| Asset Turnover: 66.59% > 50% (prev 42.88%; Δ 23.71% > 0%) |
| Interest Coverage Ratio: 80.35 > 6 (EBIT TTM 28.4b / Interest Expense TTM 353.0m) |
| A: 0.27 (Total Current Assets 41.4b - Total Current Liabilities 14.3b) / Total Assets 102b |
| B: 0.66 (Retained Earnings 66.8b / Total Assets 102b) |
| C: 0.32 (EBIT TTM 28.4b / Avg Total Assets 87.3b) |
| D: 2.49 (Book Value of Equity 72.5b / Total Liabilities 29.1b) |
| Altman-Z'' = 8.70 = AAA |
| DSRI: 1.43 (Receivables 17.3b/6.50b, Revenue 58.1b/31.3b) |
| GMI: 0.59 (GM 34.73% / 58.44%) |
| AQI: 1.11 (AQ_t 0.08 / AQ_t-1 0.07) |
| SGI: 1.86 (Revenue 58.1b / 31.3b) |
| TATA: -0.06 (NI 24.1b - CFO 30.7b) / TA 102b) |
| Beneish M = -2.37 (Cap -4..+1) = BBB |
As of June 13, 2026, the stock is trading at USD 981.61 with a total of 40,309,461 shares traded.
Over the past week, the price has changed by +13.61%,
over one month by +28.05%,
over three months by +142.27% and
over the past year by +746.93%.
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 | 828.7 | -15.6% |
P/E Trailing = 46.9529
P/E Forward = 10.0503
P/S = 19.3237
P/B = 15.4995
P/EG = 0.3408
Revenue TTM = 58.1b USD
EBIT TTM = 28.4b USD
EBITDA TTM = 37.1b USD
Long Term Debt = 7.34b USD (from longTermDebt, last quarter)
Short Term Debt = 585.0m USD (from shortTermDebt, last quarter)
Debt = 14.3b USD (from shortLongTermDebtTotal, last quarter) + Leases 3.46b
Net Debt = -361.0m USD (calculated: Debt 14.3b - CCE 14.6b)
Enterprise Value = 1123b USD (1123b + Debt 14.3b - CCE 14.6b)
Interest Coverage Ratio = 80.35 (Ebit TTM 28.4b / Interest Expense TTM 353.0m)
EV/FCF = 28.60x (Enterprise Value 1123b / FCF TTM 39.2b)
FCF Yield = 3.50% (FCF TTM 39.2b / Enterprise Value 1123b)
FCF Margin = 67.53% (FCF TTM 39.2b / Revenue TTM 58.1b)
Net Margin = 41.49% (Net Income TTM 24.1b / Revenue TTM 58.1b)
Gross Margin = 58.44% ((Revenue TTM 58.1b - Cost of Revenue TTM 24.2b) / Revenue TTM)
Gross Margin QoQ = 74.39% (prev 56.09%)
Tobins Q-Ratio = 11.06 (Enterprise Value 1123b / Total Assets 102b)
Interest Expense / Debt = 2.48% (Interest Expense 353.0m / Debt 14.3b)
Taxrate = 13.81% (3.86b / 28.0b)
NOPAT = 24.4b (EBIT 28.4b * (1 - 13.81%))
Current Ratio = 2.90 (Total Current Assets 41.4b / Total Current Liabilities 14.3b)
Debt / Equity = 0.20 (Debt 14.3b / totalStockholderEquity, last quarter 72.5b)
Debt / EBITDA = -0.01 (Net Debt -361.0m / EBITDA 37.1b)
Debt / FCF = -0.01 (Net Debt -361.0m / FCF TTM 39.2b)
Total Stockholder Equity = 59.0b (last 4 quarters mean from totalStockholderEquity)
RoA = 27.63% (Net Income 24.1b / Total Assets 102b)
RoE = 40.84% (Net Income TTM 24.1b / Total Stockholder Equity 59.0b)
RoCE = 42.73% (EBIT 28.4b / Capital Employed (Equity 59.0b + L.T.Debt 7.34b))
RoIC = 28.80% (NOPAT 24.4b / Invested Capital 84.9b)
WACC = 16.50% (E(1123b)/V(1137b) * Re(16.68%) + D(14.3b)/V(1137b) * Rd(2.48%) * (1-Tc(0.14)))
Discount Rate = 16.68% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 81.48 | Cagr: 1.60%
[DCF] Terminal Value 56.06% ; FCFF base≈30.9b ; Y1≈35.4b ; Y5≈52.1b
[DCF] Fair Price = 281.3 (EV 317b - Net Debt -361.0m = Equity 317b / Shares 1.13b; r=16.50% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 4.0 | # QB: 2
Revenue Correlation: 96.99 | Revenue CAGR: 56.50% | SUE: 4.0 | # QB: 2
EPS current Year (2026-08-31): EPS=59.82 | Chg30d=+2.73% | Revisions=+56% | GrowthEPS=+621.6% | GrowthRev=+198.6%
EPS next Year (2027-08-31): EPS=112.17 | Chg30d=+10.16% | Revisions=+60% | GrowthEPS=+87.5% | GrowthRev=+64.5%
[Analyst] Revisions Ratio: +60%