MU Stock Analysis: Micron Technology | NASDAQ
Semiconductors | NASDAQ, USA | Market Cap: 1.239.385m USD | 12M Return: 485.9% | US5951121038 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 26.0B
Qual. Beats: 4
Rev. Trend: 95.9%
Qual. Beats: 4
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 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: 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 (-35.4b) to EBITDA (109b): -0.33 < 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: 937.2 > 6 (EBIT TTM 99.3b / 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: 0.71 (EBIT TTM 99.3b / Avg Total Assets 139b) |
| D: 2.41 (Book Value of Equity 138b / Total Liabilities 57.5b) |
| Altman-Z'' = 11.64 = 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 04, 2026, the stock is trading at USD 1074.89 with a total of 26,523,742 shares traded. Over the past week, the price has changed by -0.68%, over one month by +12.43%, over three months by +10.20% and over the past year by +485.91%.
Current recommended Stop Loss: 974.00 (which is 9.4% or 2.1 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 | 1520 | 41.4% |
P/E Trailing = 14.3262
P/E Forward = 7.0175
P/S = 13.7291
P/B = 12.291
P/EG = 0.1598
Revenue TTM = 133b USD
EBIT TTM = 99.3b USD
EBITDA TTM = 109b USD
Long Term Debt = 3.05b USD (from longTermDebt, two quarters ago)
Short Term Debt = 582.0m USD (from shortTermDebt, two quarters ago)
Debt = 8.01b USD (from shortLongTermDebtTotal, last quarter) + Leases 3.32b
Net Debt = -35.4b USD (calculated: Debt 8.01b - CCE 43.4b)
Enterprise Value = 1204b USD (1239b + Debt 8.01b - CCE 43.4b)
Interest Coverage Ratio = 937.2 (Ebit TTM 99.3b / Interest Expense TTM 106.0m)
EV/FCF = 22.33x (Enterprise Value 1204b / FCF TTM 53.9b)
FCF Yield = 4.48% (FCF TTM 53.9b / Enterprise Value 1204b)
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 = 6.15 (Enterprise Value 1204b / Total Assets 196b)
Interest Expense / Debt = 1.32% (Interest Expense 106.0m / Debt 8.01b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 78.5b (EBIT 99.3b * (1 - 21.00%))
Current Ratio = 3.31 (Total Current Assets 91.1b / Total Current Liabilities 27.5b)
Debt / Equity = 0.06 (Debt 8.01b / totalStockholderEquity, last quarter 138b)
Debt / EBITDA = -0.33 (Net Debt -35.4b / EBITDA 109b)
Debt / FCF = -0.66 (Net Debt -35.4b / 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 = 103.9% (EBIT 99.3b / Capital Employed (Equity 92.6b + L.T.Debt 3.05b))
RoIC = 48.52% (NOPAT 78.5b / Invested Capital 162b)
WACC = 17.08% (E(1239b)/V(1247b) * Re(17.18%) + D(8.01b)/V(1247b) * Rd(1.32%) * (1-Tc(0.21)))
Discount Rate = 17.18% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 90.19 | Cagr: 0.94%
[DCF] Terminal Value 54.80% ; FCFF base≈33.4b ; Y1≈38.2b ; Y5≈56.3b
[DCF] Fair Price = 322.0 (EV 328b - Net Debt -35.4b = Equity 364b / Shares 1.13b; r=17.08% [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: 1.21 | # QB: 4
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)