Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips.
It is a $1.16T technology company. Revenue grew 256.3% over the last year, it keeps 64¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 13.7× earnings.
- Website
- micron.com
- Location
- Boise, ID
- Employees
- 53 000
- Sector
- Technology
- Founded
- 1978
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong growth, profitability and health; Quality and Moat lag behind.
Valuation57
- P/E vs own history66th pct · 5/25
- FCF yield5.1% · 20/25
- P/S8.7x · 12/25
- EV/EBITDA10.4x · 20/25
Growth100
- Revenue CAGR44.3% · 25/25
- Net income CAGR76.8% · 25/25
- EPS CAGR ~5Y70.6% · 25/25
- Fwd implied growth109.7% · 25/25
Profitability100
- ROIC84.9% · 25/25
- ROE91.8% · 25/25
- Net margin63.8% · 25/25
- Operating margin74.6% · 25/25
Health100
- Altman Z15.96 · 25/25
- Current ratio3.31 · 25/25
- Interest coverage154.2x · 25/25
- Net cash / debtNet cash · 25/25
Quality46
- Piotroski F8/9 · 25/25
- Beneish M0.36 · 0/25
- FCF conversion52% · 15/25
- Margin stabilityσ 24.7% · 6/25
Moat44
- ROIC >12% years6/11 yrs · 13/25
- Median gross margin39.8% · 13/25
- FCF-positive years9/11 yrs · 18/25
- Worst-year net marginworst -37.5% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2026FinancialRevenue crossed $50B$133B for the year
- FY2026FinancialRevenue crossed $100B$133B for the year
- FY2026FinancialBest year on record$85.0B net income
- May 26, 2026MilestoneMicron became the latest U.S. company to reach a US$1 trillion market capitalization, amid surging…
- 2020ProductThe company introduced the world's fastest discrete graphics memory solution
- FY2018FinancialBecame debt-freecash now exceeds total debt
- FY2017FinancialTurned profitable$5.09B net income after a loss year
- FY2016FinancialRevenue already above $10B$12.4B in first reported year
- 2012MilestoneMicron became sole owner of this second joint venture
- 2008AcquisitionMicron spun off Aptina Imaging, which was acquired by ON Semiconductor in 2014
- 2006AcquisitionMicron acquired Lexar, an American manufacturer of digital media products
- 2005ProductMicron and Intel created a joint venture in 2005, based in IM Flash Technologies in Lehi, Utah
- 2002MilestoneMicron spun off its personal computer business as MPC Corporation and put it up for sale
- 1996AcquisitionA 1996 3-way merger among ZEOS International, Micron Computer
- 1984IPOThe company had its initial public offering
- 1978FoundedFounded in 1978 in Boise, Idaho, Micron is the only major American computer memory manufacturer
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (80.7%)
- Strongly profitable — 63.8% net margin
- Revenue growing 256.3% year over year
- Strong cash conversion — FCF is 44.3% of revenue
- Net cash position after subtracting debt from cash
Watch-outs
- Loss-making in 1 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+256.3% YoY
- Profitable — makes more than it spends$85.0B TTM
- Profit growing — earnings are higher than last year+70.7% YoY
- Generates cash — cash left after running and investing$59.0B TTM
- Debt under control — could handle its obligationsmore cash than debt
- Established company — not a micro-cap — lower blow-up risk$1.16T market cap
- Not printing shares — share count not ballooning — you keep your slice+0.2% shares over ~5y
- Proven track record — years of profitability behind it9/11 profitable years
- Financially stable — balance sheet not near distressAltman Z 16.0 — safe
- Pays a dividend — returns cash to shareholdersyield 0.05%
- Valuation not extreme — price not wildly above earningsP/E 13.7
Peer comparisonMicron Technology, Inc. vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| MU this company | $1.2T | 13.7 | +256.3% | 63.8% | Strong |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| SPCX Space Exploration Technologies Corp. | $2.1T | — | +33.2% | -34.0% | Strained |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
Head-to-head: MU vs NVDA · MU vs AAPL · MU vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2026. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/MU
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Deeper analysis of MU on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $1 029.10 · market cap $1.16T.