(MU) Micron Technology - NASDAQ
Sector: Technology | Industry: Semiconductors | Exchange: NASDAQ (USA) | Market Cap: 1.370.586m USD | Total Return: 800.8% in 12m
Avg Turnover: 56.3B
Qual. Beats: 3
Rev. Trend: 97.1%
Qual. Beats: 3
Warnings
No concerns identified
Tailwinds
Supp Ema20, Rs Leader, Idiosyncratic Leader, Pead, Confidence, Garp
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: 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 June 27, 2026, the stock is trading at USD 1132.33 with a total of 84,431,604 shares traded. Over the past week, the price has changed by -0.15%, over one month by +26.39%, over three months by +218.69% and over the past year by +800.83%.
Current recommended Stop Loss: 919.70 (which is 18.8% 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 | 1365.1 | 20.6% |
P/E Trailing = 27.4003
P/E Forward = 10.5374
P/S = 23.5824
P/B = 13.6073
P/EG = 0.3573
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 = 1354b USD (1371b + Debt 9.70b - CCE 26.0b)
Interest Coverage Ratio = 258.5 (Ebit TTM 59.5b / Interest Expense TTM 230.0m)
EV/FCF = 27.49x (Enterprise Value 1354b / FCF TTM 49.3b)
FCF Yield = 3.64% (FCF TTM 49.3b / Enterprise Value 1354b)
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 = 10.10 (Enterprise Value 1354b / 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 = 16.64% (E(1371b)/V(1380b) * Re(16.74%) + D(9.70b)/V(1380b) * Rd(2.37%) * (1-Tc(0.15)))
Discount Rate = 16.74% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 81.48 | Cagr: 1.23%
[DCF] Terminal Value 55.76% ; FCFF base≈38.1b ; Y1≈43.6b ; Y5≈64.2b
[DCF] Fair Price = 357.0 (EV 387b - Net Debt -16.3b = Equity 403b / Shares 1.13b; r=16.64% [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 next Quarter (2026-11-30): EPS=34.47 | Chg30d=+37.04% | Revisions=+50% | Analysts=29
EPS current Year (2026-08-31): EPS=73.43 | Chg30d=+25.57% | Revisions=+56% | GrowthEPS=+785.8% | GrowthRev=+246.2%
EPS next Year (2027-08-31): EPS=148.03 | Chg30d=+42.50% | Revisions=+60% | GrowthEPS=+101.6% | GrowthRev=+78.1%
[Analyst] Revisions Ratio: +60%