MU
Micron Technology
$859.71
▼ 2.5%Updated Aug 7, 11:30 AM ET
MU at a glance — five pillars scored 0–100 from real filed financials.
Overall: Strong · 76/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▲ Up 830.9% over the last 12 months
Market Cap
$1.10T
P/E
41.09x
Forward P/E (est.)
29.35x
ROE
40.8%
Revenue Growth
85.5%
EPS Growth
412.0%
Profit Margin
41.5%
FCF Yield
0.2%
Debt / Equity
0.27x
ROIC
7.0%
Interest Coverage
25.18x
Current Ratio
3.42x
Dividend Yield
0.1%
Implied Growth (rev. DCF)
8.8%
Rating Score
76/100
Micron Technology (MU) is a mega-cap company in the Semiconductors industry, part of the Information Technology sector of the S&P 500, with a market value around $1.10T.
In its latest reported year it generated about $37.38B in revenue and $8.54B in net profit.
Our model rates MU Strong (76/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Evidence of durable competitive advantage in the filed financials (9 years of history).
The numbers don't show a durable competitive advantage — margins, growth, or returns on capital have been unstable or thin. Great returns are still possible; they just aren't protected.
17.7% average over the last 3 years
±18.2 pts around 34.7% across 9 years
grew in 5 of the last 8 year-over-year periods
positive in 8 of 9 years
7.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what MU's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. MU trades near $859.71, above its 50-day average ($852.09) and 200-day average ($444.34). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 49 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently negative — short-term momentum is fading.
Volatility — ATR. Average True Range is the typical daily move. MU's is $106.67 (~12.4% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month MU found buyers near $854.35 (support) and sellers near $1,255.00 (resistance); its 52-week range is $103.38–$1,255.00. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 1.0× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
4Y CAGR
7.8%
Revenue moved from $20.32B in 2017 to $37.38B in 2025, a 7.9% compound annual growth rate. The most recent year grew a strong 85.5% year over year. Consistent top-line growth is one sign of healthy demand.
Gross Margin
39.8%
Operating Margin
26.1%
Net Margin
22.8%
ROE
40.8%
Micron Technology keeps about 41.5% of each sales dollar as net profit, with a 39.8% gross margin and 26.1% operating margin. Return on equity is 40.8% and return on invested capital about 7.0%. Margins this wide usually signal pricing power or a cost advantage.
Total Debt
$8.84B
Net Debt
-$16.15B
Net cash position
Net Debt / EBITDA
-1.65x
Debt / Equity
0.27x
Leverage: debt-to-equity is 0.3x, and operating profit covers interest about 25.2x, with a current ratio of 3.4x. That is a conservative balance sheet — a cushion in downturns. It carries roughly $8.84B of total debt against $25.00B of cash.
Operating CF
$17.52B
Free Cash Flow
$1.67B
FCF Margin
4.5%
In the latest year Micron Technology produced about $17.52B of operating cash flow and $1.67B of free cash flow after capital spending. That is a free-cash-flow yield of about 0.2% on today's price. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
The payout is comfortably covered by cash the business actually generates, with a raise habit behind it.
Dividend yield
0.1%
Per share (latest FY)
$0.46
Total paid (latest FY)
$522.00M
History on record
4 years
dividend uses 31% of free cash flow
6% of net income paid out
total dividends increased 3 years in a row
no cuts in the last 4 years on record
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
P/E
41.09x
P/S
31.47x
P/B
2.12x
EV / EBITDA
—
MU trades at 41.1x trailing earnings (about 29.3x on estimated forward earnings), 31.5x sales, and 2.1x book value. Reverse-engineering today's price implies the market expects roughly 8.8% long-term free-cash-flow growth. That is a rich multiple that prices in a lot of future growth.
A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.
DCF fair value / share
$61.16
Current price
$859.71
Starting FCF (latest 10-K)
$1.67B
Growth, years 1–5
20.0%
Fade to terminal, years 6–10
2.5%
Discount rate
9.0%
Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.
Where MU sits versus its Information Technology sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 98 Information Technology companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How MU stacks up against its Information Technology peers — valuation, profitability, and growth versus the sector median.
In the Information Technology sector (230 S&P 500 companies), MU ranks #14 of 230 by our overall rating. It trades at roughly in line versus the sector on earnings (41.1x P/E vs. 38.9x median) with a higher return on equity (40.8% vs. 17.5%) and faster revenue growth (85.5% vs. 17.7%).
P/E vs sector
41.1x
median 38.9x
ROE vs sector
40.8%
median 17.5%
Growth vs sector
85.5%
median 17.7%
Sector rank
#14
of 230 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Information Technology companies by sub-industry and size. Sector median is across all 230 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $859.71 today · expected CAGR 5% – 15%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $54.20B | $78.59B | $113.95B | $165.23B | $239.58B |
| Net income | $12.47B | $18.08B | $26.21B | $38.00B | $55.10B |
| EPS | $9.73 | $14.10 | $20.45 | $29.65 | $43.00 |
| Share price (low) | $243.17 | $352.59 | $511.26 | $741.33 | $1,074.92 |
| Share price (high) | $398.79 | $578.25 | $838.46 | $1,215.77 | $1,762.87 |
| CAGR (low–high) | -72% / -54% | -36% / -18% | -16% / -1% | -4% / 9% | 5% / 15% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for MU:
- Revenue is growing 85.5% a year, a sign of real demand.
- High net margins (41.5%) point to pricing power or efficiency.
- Strong return on equity (40.8%) shows capital is put to work well.
- A conservative balance sheet (debt/equity 0.3x) lowers risk.
- Our model's overall read is Strong (76/100).
The case against MU:
- A rich 41.1x earnings multiple prices in a lot of growth.
- Limited free cash flow at today's price.
Valuation risk — at 41.1x earnings, disappointing results could compress the multiple.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the fundamentals screen favourably: Micron Technology is a mega-cap information technology business still growing nicely, with solid profitability, and a sound balance sheet. It trades at 41.1x earnings, which our model scores Strong (76/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 56 Wall Street analysts covering MU recommend (August 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Latest SEC Filings
MU's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
In the Idea Lab
MU — frequently asked questions
Is MU a good stock to buy?
We don't give buy or sell advice. Our model rates Micron Technology Strong (76/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is MU's rating on The Stocks School?
Micron Technology currently scores 76/100 (Strong) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does MU's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Micron Technology's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for MU calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this MU analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell MU. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.