Micron Technology Inc (MU)

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.

Symbol
MU
Exchange
Nasdaq
Sector
Technology
Industry
Semiconductors
Market cap
$1.23T
52 week range
165.5 - 1255

Valuation

Share price
$1097.39 (close of 2026-10-01)
P/E (TTM)
24.36x
Price to book
12.23x
Price to free cash flow
47.08x
Enterprise value
$1.21T
Book value per share
$89.22

Price performance

PeriodChange
1 day+3.03%
5 days+1.56%
1 month+17.56%
3 months+6.31%
6 months+198.33%
Year to date+284.50%
1 year+502.47%
3 years+1513.09%
5 years+1445.83%
10 years+6072.05%
All time+77729.08%

Members of Congress who disclosed MU trades

John Boozman · Gilbert Ray Cisneros · Julia Letlow · Lisa McClain · Val Hoyle · Alan Armstrong · Ashley Moody · Cleo Fields · Dan Newhouse · Dwight Evans · Jefferson Shreve · John Fetterman

And 5 others

Super investors holding MU

Philippe Laffont (Coatue Management) · David Tepper (Appaloosa Mgmt) · Ken Griffin (Citadel) · Ray Dalio (Bridgewater Associates)

Profitability and growth

Return on equity
15.76%
Return on invested capital
14.46%
Return on assets
10.31%
Return on capital employed
13.69%
Gross margin
39.79%
Net margin
22.84%
EBITDA margin
48.48%
Revenue growth
48.85%
Net income growth
997.56%
Free cash flow growth
1278.51%

Cash flow and balance sheet

Free cash flow yield (TTM)
2.12%
Current ratio
3.42x
Net debt to EBITDA
-0.27x

Latest reported year

Period end
2025-08-28
Fiscal year
2025
Revenue
$37.38B
Cost of revenue
$22.50B
Gross profit
$14.87B
EBITDA
$18.12B
Net income
$8.54B
Earnings per share
$7.65
Research and development
$3.80B
Shares outstanding
1.12B

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-08-28$37.38B$14.87B$8.54B$7.65
2024-08-29$25.11B$5.61B$778.00M$0.70
2023-08-31$15.54B-$1.42B-$5.83B$-5.34
2022-09-01$30.76B$13.90B$8.69B$7.81
2021-09-02$27.70B$10.42B$5.86B$5.23
2020-09-03$21.43B$6.55B$2.69B$2.42
2019-08-29$23.41B$10.70B$6.31B$5.67
2018-08-30$30.39B$17.89B$14.13B$12.27
2017-08-31$20.32B$8.44B$5.09B$4.67
2016-09-01$12.40B$2.50B-$276.00M$-0.27

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-08-2839.79%22.84%15.76%14.46%
2024-08-2922.35%3.10%1.72%1.64%
2023-08-31-9.11%-37.54%-13.22%-11.61%
2022-09-0145.18%28.24%17.41%17.93%
2021-09-0237.62%21.16%13.34%13.49%
2020-09-0330.57%12.54%6.89%7.01%
2019-08-2945.72%26.97%17.17%21.20%
2018-08-3058.87%46.51%42.62%54.47%
2017-08-3141.51%25.04%26.14%37.60%
2016-09-0120.20%-2.23%-2.13%1.60%

Cash and debt by year

Period endCashDebt
2025-08-28$9.64B$11.53B
2024-08-29$7.04B$11.34B
2023-08-31$8.58B$12.05B
2022-09-01$8.26B$6.02B
2021-09-02$7.76B$5.97B
2020-09-03$7.62B$6.16B
2019-08-29$7.15B-
2018-08-30$6.80B-
2017-08-31$5.43B-
2016-09-01$4.40B-

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-08-28$1.67B$972.00M
2024-08-29$121.00M$833.00M
2023-08-31-$6.12B$596.00M
2022-09-01$3.11B$514.00M
2021-09-02$2.44B$378.00M
2020-09-03$83.00M$328.00M
2019-08-29$3.41B$243.00M
2018-08-30$8.52B$198.00M
2017-08-31$3.42B$215.00M
2016-09-01-$2.65B$191.00M

Dividend history

Most recent payment
2026-07-06
Paid in the last twelve months
$0.53
Payment dateDividend per share
2026-07-06$0.15
2026-03-30$0.15
2025-12-29$0.12
2025-10-03$0.12
2025-07-07$0.12
2025-03-31$0.12
2024-12-30$0.12
2024-10-07$0.12

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-09-30Aug/2026$31.41
2026-06-24--
2026-03-18--
2025-12-17--
2025-09-23--
2025-06-25--
2025-03-20--
2024-12-18--

Filings and sources

Company website
micron.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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