MU Stock Analysis: Micron Technology | NASDAQ
Semiconductors | NASDAQ, USA | Market Cap: 1.169.871m USD | 12M Return: 435.5% | US5951121038 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 26.0B
Qual. Beats: 4
Rev. Trend: 95.9%
Qual. Beats: -1
Warnings
Tailwinds
Seasonality 11.7 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, operating across four segments: Cloud Memory, Core Data Center, Mobile and Client, and Automotive and Embedded. Its product portfolio spans DRAM components and modules (including LPDDR, CXL-based, and high-bandwidth memory), NAND and NOR flash, managed NAND, and solid-state drives (SSDs) for data center, client, automotive, and industrial use. The company sells under the Micron and Crucial brands through direct sales, distributors, retailers, and channel partners, serving data center, PC, graphics, networking, automotive, industrial, and mobile markets globally. Headquartered in Boise, Idaho, Micron was founded in 1978 and IPOd in 1984.
The memory and storage semiconductor industry is highly cyclical, with DRAM and NAND pricing closely tied to global supply-demand balances, and it requires significant capital expenditure for fabrication facilities. High-bandwidth memory (HBM), in which Micron competes, has become a critical component for AI accelerators and high-performance computing workloads, driving recent demand growth across the sector.
- HBM3E revenue surges as AI data center demand accelerates
- DRAM pricing recovery lifts margins amid tight supply
- China sales decline under expanded semiconductor export controls
| Net Income: 85.0b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.28 > 0.02 and ΔFCF/TA 24.48 > 1.0 |
| NWC/Revenue: 47.74% < 20% (prev 46.52%; Δ 1.23% < -1%) |
| CFO/TA 0.46 > 3% & CFO 89.7b > Net Income 85.0b |
| Net Debt (-34.9b) to EBITDA (109b): -0.32 < 3 |
| Current Ratio: 3.31 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.15b) vs 12m ago 1.96% < -2% |
| Gross Margin: 80.72% > 18% (prev 39.79%; Δ 40.93% > 0.5%) |
| Asset Turnover: 95.58% > 50% (prev 45.14%; Δ 50.44% > 0%) |
| Interest Coverage Ratio: 942.5 > 6 (EBIT TTM 99.9b / Interest Expense TTM 106.0m) |
| A: 0.32 (Total Current Assets 91.1b - Total Current Liabilities 27.5b) / Total Assets 196b |
| B: 0.67 (Retained Earnings 132b / Total Assets 196b) |
| C: 0.72 (EBIT TTM 99.9b / Avg Total Assets 139b) |
| D: 2.41 (Book Value of Equity 138b / Total Liabilities 57.5b) |
| Altman-Z'' = 11.67 = AAA |
| DSRI: 1.10 (Receivables 36.2b/9.27b, Revenue 133b/37.4b) |
| GMI: 0.49 (GM 39.79% / 80.72%) |
| AQI: 2.65 (AQ_t 0.21 / AQ_t-1 0.08) |
| SGI: 3.56 (Revenue 133b / 37.4b) |
| TATA: -0.02 (NI 85.0b - CFO 89.7b) / TA 196b) |
| Beneish M = -0.59 (Cap -4..+1) = D |
As of October 11, 2026, the stock is trading at USD 1029.00 with a total of 19,765,706 shares traded. Over the past week, the price has changed by -4.27%, over one month by +0.12%, over three months by +3.77% and over the past year by +435.54%.
Current recommended Stop Loss: 966.30 (which is 6.1% or 1.3 ATR below the current price).
Micron Technology has received a consensus analysts rating of 4.63. Therefore, it is recommended to buy MU.
- StrongBuy: 36
- Buy: 9
- Hold: 3
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 1555.1 | 51.1% |
P/E Trailing = 13.9357
P/E Forward = 7.0175
P/S = 8.7836
P/B = 12.291
P/EG = 0.1598
Revenue TTM = 133b USD
EBIT TTM = 99.9b USD
EBITDA TTM = 109b USD
Long Term Debt = 3.05b USD (from longTermDebt, two quarters ago)
Short Term Debt = 491.0m USD (from shortTermDebt, last quarter)
Debt = 8.50b USD (from shortLongTermDebtTotal, last quarter) + Leases 3.32b
Net Debt = -34.9b USD (calculated: Debt 8.50b - CCE 43.4b)
Enterprise Value = 1135b USD (1170b + Debt 8.50b - CCE 43.4b)
Interest Coverage Ratio = 942.5 (Ebit TTM 99.9b / Interest Expense TTM 106.0m)
EV/FCF = 21.05x (Enterprise Value 1135b / FCF TTM 53.9b)
FCF Yield = 4.75% (FCF TTM 53.9b / Enterprise Value 1135b)
FCF Margin = 40.47% (FCF TTM 53.9b / Revenue TTM 133b)
Net Margin = 63.80% (Net Income TTM 85.0b / Revenue TTM 133b)
Gross Margin = 80.72% ((Revenue TTM 133b - Cost of Revenue TTM 25.7b) / Revenue TTM)
Gross Margin QoQ = 86.76% (prev 84.56%)
Tobins Q-Ratio = 5.79 (Enterprise Value 1135b / Total Assets 196b)
Interest Expense / Debt = 1.25% (Interest Expense 106.0m / Debt 8.50b)
Taxrate = 14.80% (14.8b / 99.7b)
NOPAT = 85.1b (EBIT 99.9b * (1 - 14.80%))
Current Ratio = 3.31 (Total Current Assets 91.1b / Total Current Liabilities 27.5b)
Debt / Equity = 0.06 (Debt 8.50b / totalStockholderEquity, last quarter 138b)
Debt / EBITDA = -0.32 (Net Debt -34.9b / EBITDA 109b)
Debt / FCF = -0.65 (Net Debt -34.9b / FCF TTM 53.9b)
Total Stockholder Equity = 92.6b (last 4 quarters mean from totalStockholderEquity)
RoA = 60.98% (Net Income 85.0b / Total Assets 196b)
RoE = 91.77% (Net Income TTM 85.0b / Total Stockholder Equity 92.6b)
RoCE = 104.5% (EBIT 99.9b / Capital Employed (Equity 92.6b + L.T.Debt 3.05b))
RoIC = 52.47% (NOPAT 85.1b / Invested Capital 162b)
WACC = 16.98% (E(1170b)/V(1178b) * Re(17.10%) + D(8.50b)/V(1178b) * Rd(1.25%) * (1-Tc(0.15)))
Discount Rate = 17.10% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 90.19 | Cagr: 0.94%
[DCF] Terminal Value 55.00% ; FCFF base≈33.4b ; Y1≈38.2b ; Y5≈56.3b
[DCF] Fair Price = 323.5 (EV 330b - Net Debt -34.9b = Equity 365b / Shares 1.13b; r=16.98% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 1.15 | # QB: 4
Revenue Correlation: 95.88 | Revenue CAGR: 95.64% | SUE: -4.0 | # QB: -1
EPS current Quarter (2026-11-30): EPS=38.23 | Chg30d=+9.57% | Revisions=+0% | Analysts=29
EPS next Quarter (2027-02-28): EPS=42.14 | Chg30d=+11.56% | Revisions=+17% | Analysts=28
EPS current Year (2027-08-31): EPS=176.69 | Chg30d=+13.08% | Revisions=+0% | GrowthEPS=+134.0% | GrowthRev=+106.3%
EPS next Year (2028-08-31): EPS=205.30 | Chg30d=+20.04% | Revisions=+29% | GrowthEPS=+16.2% | GrowthRev=+14.1%
[Analyst] Revisions Ratio: +19% (up=8, down=5)