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Micron TechnologyMU

Semiconductors · Boise, Idaho · In the S&P 500
High qualityCheaper than peers
$884.74−5.30%After hours: $889.20 (+0.50%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 290.4% over 1 year
Micron Technology over 1 yearDaily close, $, to 30 Oct 2026
$500$1,000Nov2026MarMayJulSep$884.74$500$1,000NovMarJul$884.74
Source: Nasdaq daily closes
Market value$1.00T
Price to earnings11.9x
Forward P/E5.0x
Dividend yield0.07%
Year to date+210.0%
One year+290.4%
Next earningsNot scheduled
SectorInformation Technology
52-week range (closes)
$201.37$1,213.56

Quality and valuation

How Micron Technology compares with other information technology stocks. A description, not a recommendation.

Micron Technology and 6 semiconductors peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: stronger than mostValuation: cheaper than most

A stronger business than most information technology companies, priced below most of them.

Micron Technology trades at 5.0 times the next 12 months of expected earnings, against a median of 22.2x for the 99 information technology stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +256.3% vs +20.6%
  • Keeps more of each sale (gross margin): 80.7% vs 61.5%
  • More profitable (operating margin): 74.6% vs 17.0%
  • Turns more of its sales into cash: 44.3% vs 21.7%
MU trades at 5.0x forward earnings, below the sector medianForward p/e, Semiconductors peers
MU5.0xNVDA16.9xAVGO18.8xTSM19.8xTXN28.7xINTC38.4xAMD44.8xARM86.3xSector median 22.2xMU5.0xNVDA16.9xAVGO18.8xTSM19.8xTXN28.7xINTC38.4xAMD44.8xARM86.3xSector median 22.2x
Source: CNBC quotes; Mostly Markets
At 11.9x earnings, MU is cheaper than its average since Oct 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
50x100x150xAverage 39.8x2025202611.9x100xAverage 39.8x2025202611.9x
Source: Nasdaq prices; SEC filings

Financials

From Micron Technology's SEC filings, through the quarter ending 3 Sep 2026. Hover or tap a bar for its value.

Revenue grew 379.3% from a year earlierQuarterly revenue, $bn, latest Q4 ’26
$0bn$20bn$40bnQ1 ’25Q3 ’25Q1 ’26$54.2bnQ4 ’26$0bn$20bn$40bnQ1 ’25Q3 ’25Q1 ’26$54.2bnQ4 ’26
Source: SEC filings
Growth sped up to +379.3% last quarterRevenue growth, year on year, %
0%100%200%300%Q1 ’25Q3 ’25Q1 ’26379.3%Q4 ’260%200%Q1 ’25Q3 ’25Q1 ’26379.3%Q4 ’26
Source: SEC filings
Operating margin was 80.7% last quarterOperating income as a share of revenue, %
0%25%50%75%Q1 ’25Q3 ’25Q1 ’2680.7%Q4 ’260%50%Q1 ’25Q3 ’25Q1 ’2680.7%Q4 ’26
Source: SEC filings
Free cash flow was $59.0 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $bn
$0bn$10bn$20bn$30bnQ1 ’25Q3 ’25Q1 ’26$32.9bnQ4 ’26$0bn$20bnQ1 ’25Q3 ’25Q1 ’26$32.9bnQ4 ’26
Source: SEC filings
Last 12 monthsMUSector median
Revenue growth+256.3%+20.6%
Gross margin80.7%61.5%
Operating margin74.6%17.0%
Free cash flow margin44.3%21.7%
Price to earnings11.9x33.1x

Stories on Micron Technology

Friday, 30 October
Earnings

Sandisk (SNDK) Tops Fiscal Q1 Estimates as Data Center Sales Jump 61%

Sandisk's revenue rose 378% to $11.03 billion, beating the $10.69 billion Zacks consensus, and it set an 8-for-1 split. The stock was down 9.4% early Friday.

SNDK▼ 5.3%
A blank memory card cracking as it falls from a shelf
Wednesday, 28 October
Why it moved

Sandisk (SNDK) and Micron (MU) Shares Jump After SK Hynix's Record Quarter

Sandisk jumped 7.7% and Micron 5.9% on Wednesday after SK hynix posted its first quarter above 100 trillion won in revenue and said memory demand will outrun supply through 2030.

SNDK▲ 7.7%
A silicon wafer
Monday, 26 October
Our picks

3 AI Infrastructure Stocks We Love and 1 We Hate

Micron, Nvidia and Vertiv grow fast and bring in more cash than they spend. CoreWeave more than doubled its revenue but burned $13.66 billion in a year building data centers.

MU▲ 3.0%
An aisle of servers in a data center
Thursday, 22 October
Chart

Three of the S&P 500's Five Best Stocks This Year Make AI Hardware

Sandisk, Dell and Micron are up 200% to 431% in 2026, behind only Moderna, while AppLovin has lost 60.8%, the worst in the index.

SNDK▼ 8.5%
Screens of market charts

Similar companies

Semiconductors, by market value.

CompanyPriceTodayYTDValue
NVDANvidia$204.64−4.22%+9.7%$4.93T
TSMTaiwan Semiconductor$406.13−5.95%+33.6%$2.11T
AVGOBroadcom$326.08−5.48%−5.8%$1.56T
AMDAMD$504.80−10.88%+135.7%$824B
INTCIntel$65.76−28.58%+78.2%$348B
TXNTexas Instruments$300.84−3.40%+73.4%$275B
ARMArm Holdings$205.97−9.97%+88.4%$220B
ADIAnalog Devices$417.11−3.73%+53.8%$202B