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MU Silicon, IP & Semicap AI memory / HBM Open in compare 3D performance Excel model

Micron Technology

AI accelerators need far more high-bandwidth memory than legacy systems.

Price $877.57 Live
1D Change -0.44% 1 day
Market Cap $991.12B Live
Enterprise Value $971.48B Current
Trailing P/E 19.8 TTM
Forward P/E 5.7 Forward
PEG Ratio 0.13x Yahoo est.
Price / Sales 11.0 TTM
EV / Revenue 10.8 TTM
Revenue Growth 345.7% YoY latest qtr
Earnings Growth 1368.5% YoY latest qtr
Gross Margin 72.6% TTM
Operating Margin 80.4% TTM
Net Margin 55.9% TTM
ROE 66.6% TTM
Free Cash Flow $7.64B TTM
FCF Margin 8.5% TTM
Debt / Equity 6.33x Latest qtr
Current Ratio 3.42x Latest qtr
Dividend Yield 0.07% Annualized
Next Earnings Sep 23, 2026 Calendar

Metric timing

This page mixes live market data, trailing fundamentals, and latest reported statement data.

Live / market snapshot

Price, 1D change, market cap, and enterprise value are current market-based figures.

TTM / forward

Most valuation and margin cards are trailing twelve months, while forward P/E uses forward consensus.

Latest quarter / dividend cadence

Balance-sheet ratios use the latest reported quarter. Dividend cadence is inferred from recent payout history.

Revenue $37.38B Aug 31, 2025

latest annual revenue

Revenue $41.46B May 31, 2026

latest quarterly revenue

Net Income $8.54B Aug 31, 2025

latest annual profit

Net Income $28.24B May 31, 2026

latest quarterly profit

Dividend / Share $0.60 Quarterly

annualized per share

Last Dividend $0.15 Jul 06, 2026

latest ex-dividend cash amount

Price chart

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Latest headlines

Recent company headlines. Each link opens the original article in a new tab.

Why it could benefit going forward

  • AI accelerators need far more high-bandwidth memory than legacy systems.
  • Tighter HBM supply can improve Micron's pricing power and mix.
  • Memory is cyclical, but AI demand can make the upcycle sharper and longer.

Moat / edge

  • Complex manufacturing know-how in memory.
  • Scale economies and technology roadmaps matter enormously.
  • HBM positions it closer to the highest-value part of AI memory demand.

What to watch

  • HBM market share, margins, and capacity ramps.
  • Inventory discipline across DRAM and NAND.
  • Gross-margin trajectory through the cycle.

Key risks

  • Memory remains cyclical and can overshoot in both directions.
  • Execution issues on next-gen nodes or HBM qualification would matter a lot.

Business snapshot

Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Japan, Mainland China, Hong Kong, Europe, and internationally. It operates through the Cloud Memory Business Unit; Core Data Center Business Unit; Mobile and Client Business Unit; and Automotive and Embedded Business Unit segments. The company provides memory products, including dynamic random access memory components and modules, CXL-based memory, LPDDR components and modules, graphics memory, high-bandwidth memory, and data center memory products; multichip packages (MCP) comprising embedded multimedia card-based, universal flash storage-based, and NAND-based MCPs; and technology leadership products that include 1y DRAM and G9 NAND technologies. It also offers storage products, such as data center solid-state drives (SSD), client SSD storage, and auto and industrial SSD storage; managed NAND; NAND flash; NOR flash; and memory cards. In addition, the company provides design tools, including FBGA and part decoders; DRAM power calculators; NAND power calculators; simulation models; chipset compatibility guides; serial presence-detection tools; cross-reference tools; UFSparm; SSD firmware; software and drivers; storage executive software; and obsolete part catalogs. It markets its semiconductor memory and storage products under the Micron and Crucial brands. The company serves the data center, PC, graphics, networking, automotive, industrial, and consumer embedded markets, as well as the smartphone and other mobile-device markets. It sells its products through its direct sales force, independent sales representatives, distributors, and retailers; web-based customer direct sales channel; and channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.