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Micron Technology (MU)
NASDAQ:MU
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Micron (MU) Price & Analysis

65,064 Followers

MU Stock Chart & Stats

$455.07
-$2.53(-2.48%)
At close: 4:00 PM EST
$455.07
-$2.53(-2.48%)

Bulls Say, Bears Say

Bulls Say
Very Strong Cash Generation And MarginsMicron’s recent TTM operating cash flow and sizable free cash flow, plus a record quarterly FCF, demonstrate durable cash conversion capacity. That persistent cash generation funds heavy fab builds, strategic customer financing and capital returns, providing resilience through multi‑year memory cycles.
Conservative Balance Sheet And Upgraded CreditA very low debt-to-equity ratio and net cash position give Micron financial flexibility to pursue multi-year fab investments and absorb cyclicality. Strong liquidity and improved credit ratings reduce refinancing risk and support sustained capex, customer commitments and eventual capital returns.
Large SCAs And Rapid Product/technology RampsExtensive SCAs, meaningful RPO and customer deposits increase multi‑year revenue visibility and secure demand share. Coupled with fast HBM and next‑gen DRAM/NAND ramps, Micron gains structural exposure to AI/data‑center growth and preferential allocation through constrained supply cycles.
Bears Say
Persistent Industry Supply ConstraintsOngoing fabric capacity, labor, permitting and infrastructure bottlenecks imply constrained bit supply for multiple years. Prolonged tightness limits Micron’s ability to scale volumes quickly, complicates customer allocations and increases reliance on SCAs and strategic prioritization rather than pure market share gains.
Rising Cost Per Bit And Tech ComplexityAdvanced nodes, multi‑stack HBM and complex packaging are increasing manufacturing cost per bit and slowing bit growth. That structural trend can compress long‑run per‑bit economics and make it harder to sustain elevated margins when pricing normalizes, raising medium‑term margin risk.
Very High And Rising Capital And Operating IntensitySustained multi‑year fab builds require very large, front‑loaded CapEx and higher operating expenses, raising execution and cash‑flow timing risk. Continued high investment intensity increases break‑even sensitivity to pricing and demand, making financial outcomes more dependent on flawless ramp execution.

Micron News

MU FAQ

What was Micron Technology’s price range in the past 12 months?
Micron Technology lowest stock price was $103.38 and its highest was $1255.00 in the past 12 months.
    What is Micron Technology’s market cap?
    Micron Technology’s market cap is $1.07T.
      When is Micron Technology’s upcoming earnings report date?
      Micron Technology’s upcoming earnings report date is Sep 29, 2026 which is in 81 days.
        How were Micron Technology’s earnings last quarter?
        Micron Technology released its earnings results on Jun 24, 2026. The company reported $25.11 earnings per share for the quarter, beating the consensus estimate of $20.862 by $4.248.
          Is Micron Technology overvalued?
          According to Wall Street analysts Micron Technology’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Micron Technology pay dividends?
            Micron Technology pays a Quarterly dividend of $0.15 which represents an annual dividend yield of 0.2%. See more information on Micron Technology dividends here
              What is Micron Technology’s EPS estimate?
              Micron Technology’s EPS estimate is 31.06.
                How many shares outstanding does Micron Technology have?
                Micron Technology has 1,129,393,200 shares outstanding.
                  What happened to Micron Technology’s price movement after its last earnings report?
                  Micron Technology reported an EPS of $25.11 in its last earnings report, beating expectations of $20.862. Following the earnings report the stock price went up 15.741%.
                    Which hedge fund is a major shareholder of Micron Technology?
                    Currently, no hedge funds are holding shares in MU
                    What is the TipRanks Smart Score and how is it calculated?
                    Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                      Company Description

                      Micron Technology

                      Micron Technology, Inc. is a global leader specializing in the development, manufacture, and sale of advanced semiconductor memory and storage solutions. Its operations are structured across four primary business segments: Compute and Networking, Mobile, Storage, and Embedded. The company's product portfolio encompasses a range of memory and data storage technologies. These include high-speed, low-latency Dynamic Random Access Memory (DRAM) components for rapid data retrieval; non-volatile, re-programmable NAND flash storage devices; and fast-read, non-volatile, re-writable NOR memory chips. These innovative solutions are offered under its well-known Micron and Crucial brands, as well as through private label partnerships. Micron's extensive offerings cater to a diverse array of markets and applications. This includes critical infrastructure like cloud servers and enterprise data centers, personal computing (client and graphics), mobile devices such as smartphones, networking equipment, automotive systems, industrial applications, and various consumer electronics. The company utilizes a multi-faceted approach to market its products, employing a direct sales force, independent sales representatives, and a network of distributors and retailers. Additionally, it leverages a web-based direct sales channel and collaborates with various channel and distribution partners. Founded in 1978, Micron Technology, Inc. is headquartered in Boise, Idaho.

                      Micron (MU) Earnings & Revenues

                      MU Company Deck

                      MU Earnings Call

                      Q3 2026
                      0:00 / 0:00
                      Earnings Call Sentiment|Positive
                      The call communicated exceptionally strong near-term financial performance (record revenue, gross margin, EPS, cash flow) and meaningful strategic progress (16 SCAs, technology ramps, HBM momentum, strong balance sheet). These positives were balanced against material industry-wide and structural challenges: persistent supply constraints expected beyond 2027, rising cost-per-bit and manufacturing complexity, heavy near-term capital spending, and some uncertainty around SCA pricing structure and the ultimate revenue mix. On balance, the company’s execution, cash generation, strategic contracts, and technology leadership substantially outweigh the risks highlighted, while the risks underscore multi-year capacity and cost challenges that management is explicitly addressing.View all MU earnings summaries

                      MU Revenue Breakdown

                      36.18%36.18%19.34%31.73%12.72%0.03%
                      36.18% Cloud Memory Business Unit
                      19.34% Core Data Center Business Unit
                      31.73% Mobile and Client Business Unit
                      12.72% Automotive and Embedded Business Unit
                      0.03% All Other
                      tipranks

                      MU Stock 12 Month Forecast

                      Average Price Target

                      $1,563.93
                      ▲(243.67% Upside)
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<span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 42,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 6, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":104.711,"date":1754006400000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 59,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 7, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":118.819,"date":1756684800000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n       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                      Ownership Overview

                      0.21%23.06%0.19%49.58%
                      0.19% Other Institutional Investors
                      49.58% Public Companies and Individual Investors
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