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Memory·MU
Micron Technology, Inc.
NASDAQ · US
DRAM, NAND flash, HBM, and data center SSD supplier.
AI relevance
Direct HBM, DDR, NAND, and enterprise SSD exposure for AI server platforms.
Price
$856.49
Change
-57.18 (-6.26%)
Market cap
$969.0B
52w range
$193–$1255
Exchange
NASDAQ
Country
US
Jason's Chips
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Price chart
MU market performance
Daily close for Micron Technology, Inc.
- Latest close
- $856.5
- Range move
- +$658.0 (+331.5%)
- Range high
- $1,214
- Range low
- $198.5
- Latest volume
- 30.7M
- Source
- FMP EOD
Downloads
CSVExports
Download statements, ratios, chart data, and transcript indexes.
Income statement
12 annual rowsRevenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.
Balance sheet
12 annual rowsCash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.
Cash flow
12 annual rowsOperating cash flow, capital expenditures, and free cash flow.
Key metrics
12 annual rowsEnterprise value, valuation multiples, returns, yields, and cash conversion.
Ratios
12 annual rowsMargins, liquidity ratios, valuation ratios, leverage, and per-share metrics.
Chart data
1254 rowsFive years of daily close and volume data powering the company chart.
Transcript list
81 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetBuy
Analyst expectations
Rating consensus70 ratings
Strong buy
0
Buy
58
Hold
10
Sell
2
Strong sell
0
Annual estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2027-09-03 | $277.89B | $214.10B - $316.45B | $175.29 | $159.90 - $213.23 | $250.09B | $235.81B | $201.34B | $10.32B | 40 rev / 28 EPS |
| 2028-09-03 | $325.21B | $228.71B - $404.66B | $210.25 | $138.24 - $341.02 | $285.92B | $266.70B | $227.75B | $12.08B | 42 rev / 29 EPS |
| 2029-09-03 | $333.31B | $241.04B - $403.33B | $217.90 | $182.83 - $276.55 | $278.09B | $254.71B | $217.50B | $12.38B | 16 rev / 8 EPS |
| 2030-09-03 | $497.87B | $364.46B - $596.68B | $267.29 | $174.18 - $336.26 | $388.28B | $357.63B | $305.51B | $18.49B | 8 rev / 5 EPS |
Quarterly estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-12-03 | $61.63B | $58.93B - $69.05B | $38.19 | $35.96 - $41.89 | $54.11B | $51.23B | $43.80B | $2.29B | 21 rev / 19 EPS |
| 2027-03-03 | $66.72B | $58.50B - $75.59B | $41.86 | $39.30 - $49.27 | $59.29B | $56.16B | $48.02B | $2.48B | 31 rev / 28 EPS |
| 2027-06-03 | $71.56B | $67.28B - $77.98B | $45.57 | $42.03 - $50.88 | $64.54B | $61.13B | $52.27B | $2.66B | 15 rev / 13 EPS |
| 2027-09-03 | $75.92B | $71.38B - $82.73B | $49.01 | $45.20 - $54.72 | $69.44B | $65.74B | $56.21B | $2.82B | 15 rev / 21 EPS |
| 2027-12-03 | $80.12B | $75.33B - $87.31B | $52.31 | $48.25 - $58.41 | $74.16B | $70.17B | $60.00B | $2.98B | 23 rev / 13 EPS |
| 2028-03-03 | $81.40B | $76.53B - $88.70B | $52.98 | $48.86 - $59.15 | $75.34B | $71.06B | $60.76B | $3.02B | 14 rev / 14 EPS |
| 2028-06-03 | $82.99B | $78.02B - $90.43B | $53.99 | $49.79 - $60.28 | $76.98B | $72.42B | $61.92B | $3.08B | 29 rev / 14 EPS |
| 2028-09-03 | $84.48B | $79.43B - $92.05B | $54.70 | $50.45 - $61.08 | $78.21B | $73.37B | $62.74B | $3.14B | 19 rev / 26 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 9 | $1663.33 |
| Last quarter | 12 | $1568.33 |
| Last year | 99 | $943.09 |
| All time | 269 | $419.36 |
Sources: StreetInsider, Benzinga, Pulse 2.0, Barrons
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2026-10-22 | Rosenblatt | Maintain | Buy | Buy |
| 2026-10-22 | Needham | Maintain | Buy | Buy |
| 2026-10-13 | Rosenblatt | Maintain | Buy | Buy |
| 2026-10-07 | DA Davidson | Maintain | Buy | Buy |
| 2026-10-01 | Cantor Fitzgerald | Maintain | Overweight | Overweight |
| 2026-10-01 | Rosenblatt | Maintain | Buy | Buy |
| 2026-10-01 | DA Davidson | Maintain | Buy | Buy |
| 2026-10-01 | TD Cowen | Maintain | Buy | Buy |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-10-01 | 9 | 36 | 3 | 0 | 1 |
| 2026-09-01 | 9 | 36 | 4 | 0 | 1 |
| 2026-08-01 | 9 | 35 | 5 | 0 | 0 |
| 2026-07-01 | 9 | 31 | 5 | 0 | 1 |
| 2026-06-01 | 9 | 31 | 5 | 1 | 1 |
| 2026-05-01 | 9 | 30 | 5 | 1 | 1 |
| 2026-04-01 | 10 | 30 | 6 | 0 | 0 |
| 2026-03-01 | 10 | 28 | 6 | 2 | 1 |
FinancialsFY 2026
Financials
Income statement annual
| Period | Revenue | Gross profit | Gross margin | R&D | Operating income | EBITDA | Net income | EPS |
|---|---|---|---|---|---|---|---|---|
| FY 2026 | $133.19B | $107.50B | 80.7% | $5.65B | $99.91B | $109.41B | $84.97B | $75.38 |
| FY 2025 | $37.38B | $14.87B | 39.8% | $3.80B | $9.87B | $18.49B | $8.54B | $7.65 |
| FY 2024 | $25.11B | $5.61B | 22.4% | $3.43B | $1.30B | $9.03B | $778.0M | $0.70 |
| FY 2023 | $15.54B | -$1.42B | -9.1% | $3.11B | -$5.75B | $2.30B | -$5.83B | $-5.34 |
| FY 2022 | $30.76B | $13.90B | 45.2% | $3.12B | $9.70B | $16.82B | $8.69B | $7.81 |
| FY 2021 | $27.70B | $10.42B | 37.6% | $2.66B | $6.28B | $13.01B | $5.86B | $5.23 |
| FY 2020 | $21.43B | $6.55B | 30.6% | $2.60B | $3.00B | $8.71B | $2.69B | $2.42 |
| FY 2019 | $23.41B | $10.70B | 45.7% | $2.44B | $7.38B | $12.81B | $6.31B | $5.67 |
| FY 2018 | $30.39B | $17.89B | 58.9% | $2.34B | $14.99B | $19.68B | $14.13B | $11.51 |
| FY 2017 | $20.32B | $8.44B | 41.5% | $2.04B | $5.87B | $9.74B | $5.09B | $4.67 |
| FY 2016 | $12.40B | $2.50B | 20.2% | $1.82B | $168.0M | $3.21B | -$276.0M | $-0.27 |
| FY 2015 | $16.19B | $5.21B | 32.2% | $1.76B | $3.00B | $5.65B | $2.90B | $2.71 |
Cash flow annual
| Period | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|
| FY 2026 | $89.67B | $0 | $58.96B |
| FY 2025 | $17.52B | $15.86B | $1.67B |
| FY 2024 | $8.51B | $8.39B | $121.0M |
| FY 2023 | $1.56B | $7.68B | -$6.12B |
| FY 2022 | $15.18B | $12.07B | $3.11B |
| FY 2021 | $12.47B | $10.03B | $2.44B |
| FY 2020 | $8.31B | $8.22B | $83.0M |
| FY 2019 | $13.19B | $9.86B | $3.33B |
| FY 2018 | $17.40B | $9.09B | $8.31B |
| FY 2017 | $8.15B | $5.25B | $2.90B |
| FY 2016 | $3.17B | $5.86B | -$2.69B |
| FY 2015 | $5.21B | $4.02B | $1.19B |
Balance sheet annual
| Period | Cash + ST inv. | Receivables | Inventory | PP&E | Assets | Debt | Net debt | Liabilities | Equity |
|---|---|---|---|---|---|---|---|---|---|
| FY 2026 | $43.43B | $36.20B | $10.37B | $63.31B | $195.89B | $5.18B | -$33.19B | $57.51B | $138.38B |
| FY 2025 | $10.31B | $9.27B | $8.36B | $47.33B | $82.80B | $15.28B | $5.64B | $28.63B | $54.16B |
| FY 2024 | $8.11B | $6.62B | $8.88B | $40.39B | $69.42B | $14.01B | $6.97B | $24.29B | $45.13B |
| FY 2023 | $9.59B | $2.44B | $8.39B | $38.59B | $64.25B | $13.93B | $5.36B | $20.13B | $44.12B |
| FY 2022 | $9.33B | $5.13B | $6.66B | $39.23B | $66.28B | $7.52B | -$746.0M | $16.38B | $49.91B |
| FY 2021 | $8.63B | $5.31B | $4.49B | $33.76B | $58.85B | $7.28B | -$482.0M | $14.92B | $43.93B |
| FY 2020 | $8.14B | $3.91B | $5.61B | $31.61B | $53.68B | $7.18B | -$448.0M | $14.68B | $39.00B |
| FY 2019 | $7.96B | $3.19B | $5.12B | $28.24B | $48.89B | $5.85B | -$1.30B | $12.12B | $35.88B |
| FY 2018 | $6.80B | $5.48B | $3.60B | $23.67B | $43.38B | $4.64B | -$1.87B | $10.21B | $32.29B |
| FY 2017 | $5.43B | $3.76B | $3.12B | $19.43B | $35.34B | $11.15B | $6.05B | $15.87B | $18.62B |
| FY 2016 | $4.40B | $2.07B | $2.89B | $14.69B | $27.54B | $9.91B | $5.77B | $14.61B | $12.08B |
| FY 2015 | $3.52B | $2.51B | $2.34B | $10.55B | $24.14B | $7.39B | $5.10B | $10.90B | $12.30B |
Annual ratios and key metrics
| Period | Gross margin | Op margin | Net margin | Current | Quick | ROE | ROIC | EV / sales | EV / EBITDA | FCF yield | R&D / rev. | Cash cycle |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2026 | 80.7% | 75.0% | 63.8% | 3.3x | 2.9x | 61.4% | 50.4% | 7.9x | 9.6x | 5.5% | 4.2% | 197d |
| FY 2025 | 39.8% | 26.4% | 22.8% | 2.5x | 1.8x | 15.8% | 12.1% | 3.8x | 7.7x | 1.2% | 10.2% | 175d |
| FY 2024 | 22.4% | 5.2% | 3.1% | 2.6x | 1.7x | 1.7% | 1.4% | 4.5x | 12.5x | 0.1% | 13.7% | 211d |
| FY 2023 | -9.1% | -37.0% | -37.5% | 4.5x | 2.7x | -13.2% | -9.6% | 5.3x | 35.6x | -8.0% | 20.0% | 201d |
| FY 2022 | 45.2% | 31.5% | 28.2% | 2.9x | 2.0x | 17.4% | 15.0% | 2.0x | 3.7x | 4.9% | 10.1% | 159d |
| FY 2021 | 37.6% | 22.7% | 21.2% | 3.1x | 2.4x | 13.3% | 11.2% | 3.0x | 6.3x | 2.9% | 9.6% | 128d |
| FY 2020 | 30.6% | 14.0% | 12.5% | 2.7x | 1.9x | 6.9% | 5.8% | 2.4x | 5.9x | 0.2% | 12.1% | 150d |
| FY 2019 | 45.7% | 31.5% | 27.0% | 2.6x | 1.8x | 17.6% | 15.2% | 2.1x | 3.8x | 6.7% | 10.4% | 149d |
| FY 2018 | 58.9% | 49.3% | 46.5% | 2.8x | 2.2x | 43.8% | 38.5% | 2.1x | 3.2x | 12.8% | 7.7% | 121d |
| FY 2017 | 41.5% | 28.9% | 25.0% | 2.3x | 1.7x | 27.3% | 18.4% | 2.0x | 4.2x | 8.3% | 10.0% | 122d |
| FY 2016 | 20.2% | 1.4% | -2.2% | 2.0x | 1.4x | -2.3% | 0.7% | 1.8x | 7.1x | -15.8% | 14.7% | 114d |
| FY 2015 | 32.2% | 18.5% | 17.9% | 2.2x | 1.6x | 23.6% | 13.3% | 1.4x | 4.0x | 6.7% | 10.9% | 89d |
Annual growth
| Period | Revenue | Gross profit | R&D | Op income | Net income | EPS | FCF | Capex | Cash + ST inv. | Inventory | Assets | Debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2026 | +256.3% | +622.8% | +48.8% | +912.2% | +895.1% | +885.4% | +3435.0% | -93.7% | +321.4% | +24.1% | +136.6% | -66.1% |
| FY 2025 | +48.9% | +165.0% | +10.7% | +656.9% | +997.6% | +992.9% | +1278.5% | -89.1% | +27.2% | -5.9% | +19.3% | +9.1% |
| FY 2024 | +61.6% | +496.4% | +10.1% | +122.7% | +113.3% | +113.1% | +102.0% | -9.2% | -15.5% | +5.8% | +8.0% | +0.5% |
| FY 2023 | -49.5% | -110.2% | -0.1% | -159.2% | -167.1% | -168.4% | -296.4% | +36.4% | +2.8% | +25.9% | -3.1% | +85.4% |
| FY 2022 | +11.0% | +33.3% | +17.0% | +54.4% | +48.2% | +49.3% | +27.7% | -20.3% | +8.1% | +48.5% | +12.6% | +3.2% |
| FY 2021 | +29.3% | +59.1% | +2.4% | +109.2% | +118.1% | +116.1% | +2837.3% | -22.0% | +6.0% | -20.0% | +9.6% | +1.5% |
| FY 2020 | -8.4% | -38.8% | +6.5% | -59.3% | -57.4% | -57.3% | -97.5% | +16.6% | +2.4% | +9.6% | +9.8% | +22.6% |
| FY 2019 | -23.0% | -40.2% | +4.2% | -50.8% | -55.3% | -50.7% | -59.9% | -8.5% | +17.0% | +42.4% | +12.7% | +26.1% |
| FY 2018 | +49.5% | +112.1% | +15.0% | +155.5% | +177.8% | +146.5% | +186.7% | -72.9% | +25.3% | +15.1% | +22.8% | -58.4% |
| FY 2017 | +63.9% | +236.8% | +11.8% | +3392.9% | +1943.8% | +1829.6% | +207.6% | +10.4% | +23.4% | +8.1% | +28.3% | +12.6% |
| FY 2016 | -23.4% | -52.0% | +3.3% | -94.4% | -109.5% | -110.0% | -327.0% | -45.8% | +24.9% | +23.5% | +14.1% | +34.1% |
| FY 2015 | -1.0% | -4.1% | +15.1% | -2.9% | -4.8% | -5.6% | -61.0% | -51.3% | -22.3% | -4.7% | +7.3% | +12.3% |
SegmentsFY 2026
Revenue Mix
Latest product mixFY 2026 · $133.19B
CMBU$43.09B · 32.3%
CDBU$37.59B · 28.2%
MCBU$36.60B · 27.5%
AEBU$15.89B · 11.9%
All Other$24.0M · 0.0%
Latest geography mixFY 2026 · $133.19B
UNITED STATES$91.32B · 68.6%
TAIWAN, PROVINCE OF CHINA$16.95B · 12.7%
CHINA$8.34B · 6.3%
HONG KONG$6.29B · 4.7%
Other Asia Pacific$5.78B · 4.3%
JAPAN$2.07B · 1.6%
Europe$1.72B · 1.3%
Other Foreign Countries$729.0M · 0.5%
Product revenue annual
| Period | Total | CNBU | CMBU | MBU | MCBU | CDBU | SBU | EBU | AEBU | All Other |
|---|---|---|---|---|---|---|---|---|---|---|
| FY 2026 | $133.19B | -- | $43.09B | -- | $36.60B | $37.59B | -- | -- | $15.89B | $24.0M |
| FY 2025 | $37.38B | -- | $13.52B | -- | $11.86B | $7.23B | -- | -- | $4.75B | $13.0M |
| FY 2024 | $25.11B | $9.51B | -- | $6.35B | -- | -- | $4.59B | $4.61B | -- | $38.0M |
| FY 2023 | $15.54B | $5.71B | -- | $3.63B | -- | -- | $2.55B | $3.64B | -- | $10.0M |
| FY 2022 | $30.76B | $13.69B | -- | $7.26B | -- | -- | $4.55B | $5.24B | -- | $17.0M |
| FY 2021 | $27.66B | $12.28B | -- | $7.20B | -- | -- | $3.97B | $4.21B | -- | -- |
| FY 2020 | $21.41B | $9.18B | -- | $5.70B | -- | -- | $3.77B | $2.76B | -- | -- |
| FY 2019 | $23.33B | $9.97B | -- | $6.40B | -- | -- | $3.83B | $3.14B | -- | -- |
| FY 2018 | $30.33B | $15.25B | -- | $6.58B | -- | -- | $5.02B | $3.48B | -- | -- |
| FY 2017 | $20.26B | $8.62B | -- | $4.42B | -- | -- | $4.51B | $2.69B | -- | -- |
| FY 2016 | $12.30B | $4.53B | -- | $2.57B | -- | -- | $3.26B | $1.94B | -- | -- |
| FY 2015 | $16.10B | $6.72B | -- | $3.69B | -- | -- | $3.69B | $2.00B | -- | -- |
Geography revenue annual
| Period | Total | UNITED STATES | CHINA | TAIWAN, PROVINCE OF CHINA | Other Asia Pacific | HONG KONG | JAPAN | Europe | Other Foreign Countries |
|---|---|---|---|---|---|---|---|---|---|
| FY 2026 | $133.19B | $91.32B | $8.34B | $16.95B | $5.78B | $6.29B | $2.07B | $1.72B | $729.0M |
| FY 2025 | $37.38B | $24.11B | $2.64B | $5.67B | $1.91B | $1.14B | $895.0M | $625.0M | $383.0M |
| FY 2024 | $25.11B | $13.17B | $3.04B | $4.71B | $1.33B | $1.07B | $840.0M | $818.0M | $131.0M |
| FY 2023 | $15.54B | $7.80B | $2.18B | $2.70B | $752.0M | $340.0M | $987.0M | $682.0M | $96.0M |
| FY 2022 | $30.76B | $16.03B | $3.31B | $6.18B | $1.22B | $1.67B | $1.70B | -- | $652.0M |
| FY 2021 | $27.70B | $12.15B | $2.46B | $6.61B | $1.42B | $2.58B | $1.65B | -- | $834.0M |
| FY 2020 | $21.43B | $10.38B | $2.34B | $3.66B | $1.16B | $1.79B | $1.39B | -- | $724.0M |
| FY 2019 | $23.41B | $12.45B | $3.60B | $2.70B | $1.03B | $1.61B | $958.0M | -- | $1.05B |
| FY 2018 | $30.39B | $3.62B | $17.36B | $2.80B | $2.56B | -- | $1.25B | $2.13B | $671.0M |
| FY 2017 | $20.32B | $2.76B | $10.39B | $2.54B | $1.81B | -- | $1.02B | $1.36B | $434.0M |
| FY 2016 | $12.40B | $1.93B | $5.30B | $1.52B | $1.61B | -- | $831.0M | $937.0M | $274.0M |
| FY 2015 | $16.19B | $2.56B | $6.66B | $2.24B | $2.04B | -- | $1.03B | $1.25B | $417.0M |
Transcripts81 on file
Transcripts
Events
Events
Next earnings
2026-12-23EPS est $38.20
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