MUNASDAQ— Micron Technology Inc Price & Analysis

Micron Technology Inc

TECHNOLOGY — SEMICONDUCTORS

$1,016.60

+$58.44+6.10%

Market Cap: $1.08T; Mega Cap
P/E Ratio: 21.6; Fwd: 6.02
EPS (TTM): $44.36
Div. Yield: 0.06%

Technical Summary

RSI (14)60.15Neutral

SMA (50)$938.26Bullish

SMA (200)$606.34Bullish

MACD14.0665Bullish

Bollinger$868.53 – $1,018.10Mid

Stochastic64.23Neutral

Theo Outlook

Micron Technology (MU) presents a bullish thesis with a market capitalization of $1.148 trillion, a trailing P/E of 22.99, TTM EPS of $44.22, and explosive quarterly revenue growth of 345.7% year-over-year, signaling strong demand in memory and storage markets amid AI-driven expansion. Key catalysts include robust earnings momentum from the latest quarter ending May 2026, analyst target price of $1,513.10 with 9 strong buy ratings, and continued product innovation in DRAM and NAND flash supporting market share gains in high-growth segments like data centers and mobile. Risks encompass cyclical semiconductor demand, intense competition from Samsung and SK Hynix, and macro headwinds like potential regulatory scrutiny on tech supply chains; mitigations involve Micron's diversified revenue base, high gross margins of 72.6%, and strategic capacity investments to stabilize earnings volatility. Analysis generated by HeyTheo AI based on SEC filings, earnings transcripts, and market data.

Analysis generated by HeyTheo AI on Sep 7, 2026.

Company Overview

Micron Technology, Inc. is an American producer of computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives. It is headquartered in Boise, Idaho.

Fundamental Snapshot

Revenue: $90.27B
EBITDA: $68.22B
Gross Profit: $65.51B
Operating Margin: 80.4%
Profit Margin: 55.9%
ROE: 66.6%
Book Value: $89.22
Beta: 2.22
52-Wk High: $1,254.80
52-Wk Low: $128.19
Avg Volume: 34.62M
PEG Ratio: 0.14

Frequently Asked Questions

What is Micron Technology's business model?

Micron Technology designs, manufactures, and sells memory and storage solutions including DRAM, NAND flash, and SSDs. It generates revenue primarily through sales to data centers, smartphones, PCs, and automotive markets, with TTM revenue of $90.27 billion.

What are Micron's main revenue sources?

Revenue comes mainly from DRAM and NAND products, with TTM gross profit of $65.51 billion and operating margin of 80.4%. Key segments include computing, mobile, and storage, supported by 34.57% quarterly revenue growth.

What competitive advantages does Micron have?

Micron benefits from advanced process technology, scale with 1.13 billion shares outstanding, and strong returns on equity of 66.6%. Its focus on high-bandwidth memory for AI gives it an edge over competitors in the $1.15 trillion market cap semiconductor space.

What are the key risks for MU stock?

Risks include semiconductor cycle volatility, competition, and macro slowdowns. The stock trades at a trailing P/E of 22.99 with a low dividend yield of 0.06%, and investors should monitor earnings around the next quarterly report following the May 2026 results.

What is the growth outlook for Micron?

Growth outlook is positive with 345.7% YoY revenue growth, EPS of $44.22, and analyst consensus leaning strongly bullish toward a $1,513 target. Expansion in AI memory demand and 3.457x quarterly growth momentum support continued upside.