Micron Technology, Inc. (MU) Stock

Micron Technology, Inc. (MU) is a Technology stock trading at $876.22 (as of 2026-07-20), with a market capitalization of $989.60B and a trailing P/E of 20.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Micron Technology designs, manufactures, and sells memory and storage products. It operates through four business units—Compute and Networking, Mobile, Storage, and Embedded—and provides DRAM, NAND, and NOR memory products for use in applications ranging from cloud servers and enterprise systems to consumer, mobile, and automotive and industrial markets.

Understand Micron Technology, Inc.: how it makes money

Micron designs, manufactures, and sells memory and storage products, including DRAM, NAND, and NOR, and it generates revenue by supplying these semiconductor memory technologies to customers across compute and networking, mobile, storage, and embedded use cases.

Micron’s profit model is driven by selling DRAM and non-volatile storage technologies (NAND and NOR), with performance tied to how much demand exists for each memory type across its end-market segments (compute and networking, mobile, storage, and embedded).

Business quality (Exceptional): Clear product-led business (DRAM and NAND/NOR) with end-market segment reporting, but the provided data does not break out all official segment revenues (Storage and Embedded) cleanly.

Valuation: At 26× earnings, MU trades 50% below the Semiconductors average (51×). Note: one-time items can distort reported P/E.

Bull case

  • Broad memory technology platform: Micron sells DRAM (low-latency, high-speed data retrieval) and NAND (non-volatile, re-writeable) plus NOR memory (non-volatile, re-writable), which supports multiple storage and compute needs.
  • End-market segmentation: Micron reports across four business segments, Compute and Networking, Mobile, Storage, and Embedded, which can diversify where memory demand shows up.

Bear case

  • Mix sensitivity across DRAM and non-volatile memories: Because investors track DRAM revenue and Micron NAND revenue, changes in demand or purchasing for one memory type versus the other can shift the company’s revenue profile.
  • Customer demand tied to specific memory categories: Micron’s revenue comes from DRAM, NAND, and NOR products, so performance can be pressured if end customers reduce usage of the relevant memory types in their systems.
Valuation — source: SEC EDGAR (first-party)
Price$876.22
Market Cap$989.60B
P/E Ratio20.1
EV / EBITDA13.6
Price / Book9.82
Price / Sales11.21
FCF Yield4.0%
DCF Value (model)$84.83
DCF Upside vs Price-90.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$37.38B
Net Margin22.8%
Revenue Growth (YoY)345.7%
EPS Growth (YoY)1381.1%
FCF Growth (YoY)1535.3%
Financial Health — source: SEC EDGAR
Altman Z-Score22.52 (safe)
Piotroski F-Score7/9 (strong)
Valuation vs Sector & Industry
Stock P/E20.1
Sector P/E (Technology)34.9
Industry P/E (Electronic Equipment)41.1
vs Sector-42.4%
vs Industry-51.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($34.92B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorTechnology
IndustryElectronic Equipment
CEOSanjay Mehrotra
Employees48,000
CountryUS
IPO Date1984-06-01

Related Companies (SIC 3674 / Electronic Equipment; 8 closest by market cap; US-domiciled)

  • NVIDIA Corporation (NVDA)
  • Broadcom Inc. (AVGO)
  • Advanced Micro Devices, Inc. (AMD)
  • Intel Corporation (INTC)
  • Applied Materials, Inc. (AMAT)
  • Texas Instruments Incorporated (TXN)
  • Analog Devices, Inc. (ADI)
  • Marvell Technology, Inc. (MRVL)
MU earnings history · MU institutional & insider holders · MU KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.