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MU · NasdaqGS

Micron Technology

Semiconductors · United States

USD 1.02K3.9% daily changeQuote 2026-09-18 · USD
Market cap (USD)
US$1.15T
Trailing P/E
22.94x
Forward P/E
6.49x
Quarterly revenue growth
345.7%
Trailing net margin
55.9%
Indicated dividend yield
0.1%

Snapshot 2026-09-20 · Latest financial period 2026-05-28 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2026-09-30 (provider estimate, not issuer-confirmed).

Company background

Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Japan, Mainland China, Hong Kong, Europe, and internationally. It operates through the Cloud Memory Business Unit; Core Data Center Business Unit; Mobile and Client Business Unit; and Automotive and Embedded Business Unit segments. The company provides memory products, including dynamic random access memory components and modules, CXL-based memory, LPDDR components and modules, graphics memory, high-bandwidth memory, and data center memory products; multichip packages (MCP) comprising embedded multimedia card-based, universal flash storage-based, and NAND-based MCPs; and technology leadership products that include 1y DRAM and G9 NAND technologies. It also offers storage products, such as data center solid-state drives (SSD), client SSD storage, and auto and industrial SSD storage; managed NAND; NAND flash; NOR flash; and memory cards. In addition, the company provides design tools, including FBGA and part decoders; DRAM power calculators; NAND power calculators; simulation models; chipset compatibility guides; serial presence-detection tools; cross-reference tools; UFSparm; SSD firmware; software and drivers; storage executive software; and obsolete part catalogs. It markets its semiconductor memory and storage products under the Micron and Crucial brands. The company serves the data center, PC, graphics, networking, automotive, industrial, and consumer embedded markets, as well as the smartphone and other mobile-device markets. It sells its products through its direct sales force, independent sales representatives, distributors, and retailers; web-based customer direct sales channel; and channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.

Company website

Q3 FY2026

Go beyond the headline.

MU Stock: Micron’s Revenue Exploded 346% On AI Memory - Still A Buy At $1 Trillion? Q3 FY2026

Published 2026-06-25

Comparable businesses

MU peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

Market metrics · missing or inapplicable values shown as —
MetricMUMicron Technology, Inc.Snapshot 2026-09-20Financial period: 2026-05-28SNDKSandisk CorporationSnapshot 2026-09-20Financial period: 2026-07-03
Market capMarket value, converted to USDUS$1.15TUS$262.36B
Forward P/EProvider forward earnings estimate6.49x6.77x
EV / EBITDAEnterprise value / trailing EBITDA16.53x20.43x
Revenue growthLatest quarter vs prior-year quarter345.7%371.6%
Operating marginLatest reported quarter80.4%78.5%
Free cash flow yieldTrailing cash flow / market cap0.7%2.9%
Net debt / EBITDANet debt / trailing EBITDA-0.29x-0.36x
Debt / equityTotal debt / positive book equity0.06x0.01x
Trailing P/ETrailing twelve-month earnings22.94x24.27x
Price / bookPrice / positive book equity per share11.39x16.97x
EV / salesEnterprise value / trailing revenue12.49x12.73x
Earnings growthLatest quarter vs prior-year quarter1,368.5%
Gross marginTrailing twelve months72.6%71.5%
Net marginTrailing twelve months55.9%56.5%
Return on equityProvider trailing return; positive equity only66.6%91.6%
Free cash flow marginTrailing free cash flow / revenue8.5%38.1%
Dividend yieldIndicated annual dividend / price0.1%
Earnings payoutProvider trailing dividend payout1.1%0.0%
Current ratioCurrent assets / current liabilities3.42x2.29x
BetaProvider historical market sensitivity2.22

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

Reported performance

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Valuation & price history

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Price history

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Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-09-20. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for MU

All available reporting periods
Q3 FY20262026-06-25
Q1 20262026-04-09
Q2 FY20262026-04-08

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.