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

63,868 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
Cash Generation & ProfitabilityMicron's very large trailing‑12‑month operating and free cash flows provide durable internal funding for fabs, R&D and customer commitments. Strong cash conversion and low leverage expand strategic optionality, support capex funding and capital returns, and bolster resilience across memory cycles.
Strategic Customer Agreements And Revenue VisibilityThe portfolio of SCAs and large RPOs creates multi‑year contracted volume and priority access to capacity, materially improving revenue visibility versus pure spot sales. Contracted minima and deposits underpin production planning, reduce spot exposure, and enable more predictable investment and capacity allocation decisions.
Technology & Product Leadership (HBM, DRAM, NAND Ramps)Successful ramps of advanced DRAM, G9 NAND and accelerated HBM4 adoption demonstrate node leadership and faster yield maturation. This supports a higher‑value product mix into AI and data center markets, strengthening long‑term differentiation and sustainable ASP advantages versus commodity peers.
Bears Say
High And Rising Capital & Operating IntensityMicron's very large and growing capex program materially raises capital intensity and execution risk. Sustained high investment extends payback periods, makes returns sensitive to cycle normalization, and increases the consequences of any demand shortfall or ramp delays for margins and long‑term ROIC.
Persistent Supply Constraints And Limited Line Of SightOngoing multi‑year supply tightness driven by long fab lead times, workforce and energy constraints limits bit growth and capacity flexibility. Prolonged constraints sustain price volatility, complicate customer planning and allocation, and reduce Micron's ability to reliably scale volumes and revenue predictability over the medium term.
SCA Pricing Uncertainty And Floor ExposureA large share of SCA volume remains subject to floor/ceiling bands or market pricing, leaving realized revenue and margins exposed to future price moves. That weakens the revenue predictability offered by RPOs and complicates medium‑term earnings modeling even as contracted volumes increase.

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 $1149.43 in the past 12 months.
    What is Micron Technology’s market cap?
    Micron Technology’s market cap is $1.10T.
      When is Micron Technology’s upcoming earnings report date?
      Micron Technology’s upcoming earnings report date is Sep 29, 2026 which is in 86 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":104.728,"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":118.837,"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%<0.01%48.73%
                      <0.01% Other Institutional Investors
                      48.73% Public Companies and Individual Investors
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