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MU

Micron Technology, Inc.

MU

NASDAQ·Technology·Semiconductors·Mkt cap $1.2T

$964.60

▼ -6.56%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$103.38 - $1,255.00

P/E

21.65

Fwd P/E

6.37

Beta

2.17

Div Yield

0.05%

Avg Vol

52.0M

Shares Out

1.1B

Mkt Cap

$1.2T

Price action

Price chart

Up 747.9% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

5 reasons

  • Vertically integrated manufacturing with advanced fabrication capabilities and proprietary process technology
  • Diversified customer base spanning hyperscalers, OEMs, and consumer markets reducing concentration risk
  • Strong brand recognition through Micron and Crucial brands with established distribution networks globally
  • Significant R&D investment enabling leadership in next-generation memory technologies and density improvements
  • Long-term supply agreements with major technology companies providing revenue stability
▼

Bear Case

2 risks

  • High volatility (beta 2.2). Larger-than-normal price swings expected.
  • Growth premium of 0.3x vs Memory & Storage Semiconductors peers. Reasonable for this growth rate.

Growth

Strong growth ahead

Accelerating AI and machine learning adoption requiring high-performance memory and storage solutions

Value

Growth premium of 0.3x vs Memory & Storage Semiconductors peers. Reasonable for this growth rate.

Momentum

Hot

+181.9% over 3m

Quality

Excellent

High-growth business (167% revenue growth, 73% gross margin). Profitable with strong growth momentum.

Dividend

Token

0.05% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Sep 22, 2026

“
Q2 26 RECAP

JUN 24, 2026

Reported EPS of $25.11 vs $20.98 consensus (+19.7% surprise). Revenue of $41.5B vs $35.9B expected (+15.4%). Beat on both top and bottom lines.

EPS beat +19.7%
Rev beat +15.4%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+19.7%

Next: Sep 22, 2026

Revenue trend · last 8Q

—

—

+38%

+37%

+46%

+57%

+196%

+346%

Q4 24

Q1 24

Q2 25

Q3 25

Q4 25

Q1 25

Q2 26

Q3 26

$7.8B

$8.7B

$8.1B

$9.3B

$11.3B

$13.6B

$23.9B

$41.5B

Margins · last 8Q

Gross

84.6%

Operating

80.4%

Profit

68.1%

View full earnings history →

Wall Street consensus

26 analysts · 96% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

25

96%

Hold

1

4%

Sell

0%

Median Price Target

$1,100.00

▲ +14.0% vs $964.60

Low $740.00
Median $1,100.00
High $2,000.00

Latest: Cantor Fitzgerald · $2,000.00 · Jun 29, 2026

7 analysts covering

View full analyst page →

vs Industry

How MU stacks vs Semiconductors

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.