Micron Technology Inc (MU)
Information Technology · Semiconductors · US stock · S&P 500 component
$878.84
▼ -52.40 (5.63%)
Fair valueFair
$851 −3.2% to fair value
$425fair band $511–$1,191$1,276
Day's range
$875.00 – $907.50
52-week range
$192.18 – $1,254.61
About Micron Technology Inc
Micron Technology makes memory and storage chips, mainly DRAM and NAND flash, which are used in data centers, personal computers, smartphones, cars and industrial equipment. It manufactures most of its products in its own fabrication plants and sells them to equipment makers and cloud customers. Earnings tend to move with the memory price cycle and with capital spending needed to keep factories current.
Micron Technology Inc generated $133.2 billion in revenue during the last twelve months. The three-year revenue growth rate is 104.6% a year. Operating margin stands at 74.6%, showing profit left after running costs. Return on invested capital stands at 85%. Net debt to EBITDA is -0.4 times, which means the company holds more cash than debt. A dividend is paid, with a yield of 0.1%. The X-Ray Score is 75 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $192.18 – $1,254.61Volume 30,293,300Daily, split-adjusted
Vitals
Market cap$1.00T
52-week range$192.18 – $1,254.61
Volume (last day)30,293,300
P/E (TTM)11.8
EBIT / EV yield10.3%
Free-cash-flow yield5.9%
Dividend yield0.1%
Revenue (TTM)$133.2B
Net income (TTM)$85.0B
Operating margin74.6%
Return on capital84.5%
Debt incl. leases$5.2B
Cash & securities$43.4B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$851model spread $793 – $919
Fair
−3.2% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is High, so the safety margin is 40%.
Multiples use through-the-cycle earnings (0.30x of the last twelve months)
Peak-cycle earnings: the current operating margin is more than 1.5x its 7-year average, so the fair value range is widened
Price $879
Undervalued < $511Fair $511 – $1,191Overvalued > $1,191
10-year DCF (market-scaled)
$760
Peer multiples
$762
Earnings power floor (not blended)
$203
Fundamentals-adjusted multiple
$1,030
Growth the price implies
34.1%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Strong business at a fair price
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Information Technology peers. Open a lens to see the numbers behind it.
Valuation
Strong
79/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield10.3%
Free-cash-flow yield5.9%
Fair value vs price1.0×
Growth
Strong
92/100
Growing faster than most of its sector.
See the numbers →
Revenue growth (3y)104.6%
Growth consistency100%
Profitability
Fair
64/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital84.5%
Operating margin74.6%
Gross profitability54.9%
Financial health
Strong
91/100
Balance sheet looks strong: debt is well covered.
See the numbers →
Piotroski F-Score8 / 9
Net debt / EBITDA-0.4×
Interest coverNo interest cost
Dividends
Weak
47/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield0.1%
Dividends vs free cash flow1%
Dividend growth6.6%
Quarterly results: last 6 quarters
+36.6%
May '25
+46.0%
Aug '25
+56.7%
Nov '25
+196.3%
Feb '26
+345.7%
May '26
+379.3%
Sep '26
Revenue against the same quarter a year earlier. Latest quarter revenue $54.2B.
Compare with peers
FSLR First Solar, Inc.67 NVDA Nvidia Corp65 QCOM Qualcomm Inc57 MPWR Monolithic Power Syste...55Other Semiconductors companies by X-Ray Score.
Fundamentals checklist
● 12 Good · ● 1 Average · ● 1 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldGood
Risk models
Altman Z''Good
Piotroski F-ScoreGood
Growth
Revenue growth (3y)Good
Growth consistencyGood
Balance sheet
Current ratioGood
Net debt / EBITDAGood
Interest coverGood
Valuation
Fair value vs priceAverage
EBIT / EV yieldGood
Profitability
Return on invested capitalGood
Operating marginGood
Gross profitabilityGood
Each check is graded against the company's sector, not a fixed number. Checklist score 83/100.
Financials
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | $30.8B | $15.5B | $25.1B | $37.4B | $133.2B |
| Operating income | $9.7B | −$5.7B | $1.3B | $9.8B | $99.3B |
| Net income | $8.7B | −$5.8B | $778M | $8.5B | $85.0B |
| Operating cash flow | $15.2B | $1.6B | $8.5B | $17.5B | $89.7B |
| Operating margin | 31.5% | -37.0% | 5.2% | 26.1% | 74.6% |
| Free cash flow | $3.1B | −$6.1B | $121M | $1.7B | $59.0B |
| Diluted EPS | $7.75 | $-5.34 | $0.70 | $7.59 | $74.33 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
5 bullish · 1 neutral · 10 bearish
Weekly
Neutral
6 bullish · 1 neutral · 5 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 992.8 | Bearish |
| EMA 10 | 971.2 | Bearish |
| SMA 20 | 1,032.9 | Bearish |
| EMA 20 | 995.6 | Bearish |
| SMA 50 | 983.0 | Bearish |
| EMA 50 | 982.8 | Bearish |
| SMA 100 | 977.3 | Bearish |
| EMA 100 | 913.9 | Bearish |
| SMA 200 | 717.6 | Bullish |
| EMA 200 | 755.2 | Bullish |
Oscillators (daily)
| RSI (14) | 34.04 | Neutral |
| MACD (12, 26) | -17.29 | Bearish |
| Momentum (12) | -17.48 | Bearish |
| Stochastic %K (14) | 8.34 | Bullish |
| Williams %R (14) | -91.66 | Bullish |
| CCI (20) | -191.4 | Bullish |
Pivot points (classic, last session)
S3 834.2 | S2 854.6 | S1 866.7 | Pivot 887.1 | R1 899.2 | R2 919.6 | R3 931.7 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
0.57 USD
Yield on today's price
0.06%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 14 Oct 2026 | 0.1500 |
| 6 Jul 2026 | 0.1500 |
| 30 Mar 2026 | 0.1500 |
| 29 Dec 2025 | 0.1150 |
| 3 Oct 2025 | 0.1150 |
| 7 Jul 2025 | 0.1150 |
| 31 Mar 2025 | 0.1150 |
| 30 Dec 2024 | 0.1150 |
| 7 Oct 2024 | 0.1150 |
| 8 Jul 2024 | 0.1150 |
| 28 Mar 2024 | 0.1150 |
| 29 Dec 2023 | 0.1150 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
MU SEC filings
9 Oct 2026
10-KSEC EDGAR
Annual report
30 Sep 2026
8-KSEC EDGAR
Results of operations
26 Aug 2026
8-KSEC EDGAR
Director or officer change
25 Jun 2026
10-QSEC EDGAR
Quarterly report
24 Jun 2026
8-KSEC EDGAR
Results of operations
9 Jun 2026
8-KSEC EDGAR
Director or officer change
1 Apr 2026
8-KSEC EDGAR
Other events
25 Mar 2026
8-KSEC EDGAR
Other events
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.