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Micron (MU) Stock Price & Analysis
MU Stock Chart & Stats
- Day’s Range
- $676.00 - $724.80
- 52-Week Range
- $192.59 - $1,255.00
- Previous Close
- $656.39
- Volume
- N/A
- Average Volume (3M)
- 29.11M
- Market Cap
- $742.65B
- Enterprise Value
- $1.06T
- Total Cash (Recent Filing)
- $43.43B
- Total Debt (Recent Filing)
- $5.18B
- Price to Earnings (P/E)
- 9.2
- Beta
- 2.62
- Next Earnings
- Dec 23, 2026 (Est.)
- EPS Estimate
- 38.23
- Last Dividend Ex-Date
- Oct 14, 2026
- Dividend Yield
- 0.08%
Bulls Say, Bears Say
Bulls Say
Balance Sheet Strength
Micron’s increasingly conservative balance sheet provides meaningful resilience in a cyclical industry. Very low leverage and expanding equity give the company greater capacity to fund technology and capacity investments, absorb downturns, and maintain strategic flexibility when memory pricing weakens.
Committed Demand
High committed shipment coverage improves demand visibility over the next several quarters and supports utilization of Micron’s planned capacity. Extended supply agreements and expected market tightness also strengthen customer relationships, reduce volume uncertainty, and support sustained pricing and margin potential.
HBM Technology Position
Micron’s HBM position connects its technology roadmap to the expanding AI infrastructure market. Faster HBM growth and collaboration on NVIDIA’s customized HBM4E product can deepen strategic customer ties, support premium solutions, and improve product mix as AI memory demand expands.
Bears Say
Earnings Cyclicality
Micron’s earnings remain highly exposed to memory pricing and shipment cycles, creating substantial variability across periods. Prior losses and thin profitability show that strong current results may not be consistently repeatable, which can constrain planning, investment returns, and cash generation during weaker industry conditions.
End-Market Weakness
Sequential weakness in mobile and client shipments, together with below-industry NAND bit growth, indicates that demand and execution are uneven across Micron’s portfolio. Continued softness in these businesses could limit volume growth and increase reliance on stronger pricing, AI demand, and favorable product mix.
Capacity Constraints
Limited clean-room availability constrains Micron’s ability to convert strong demand into near-term volume growth. The delay between facility opening and meaningful output may leave opportunities unserved, while substantial expansion and start-up requirements can raise execution risk and weigh on margins before capacity contributes fully.
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Micron Stock Smart Score
Company Description
Micron
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.
- Sector
- General
- Industry
- Semiconductors
- CEO
- Sanjay Mehrotra
- Employees
- 61,000
- Website
- www.micron.com
- Address
- 8000 South Federal Way, Boise, ID, 83716-9632, US
Micron (MU) Earnings & Revenues
MU Company Deck
MU Earnings Call
Earnings Call SentimentPositive
The call was strongly constructive, with management citing robust and broadening AI-driven demand, more than 75% of fiscal 2027 shipments committed, expanding supply agreements, favorable pricing and mix, technology leadership, and continued investment in future capacity. The main challenges were sequential mobile and client bit shipment declines, NAND growth below the industry average, decelerating DRAM supply growth, clean room constraints, and start-up costs. The highlights significantly outweighed the lowlights.
View all MU earnings summariesMU Net sales Breakdown
- 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
MU Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 5 | 2 | 15 |
| Technical Analysis | 5 | 2 | 3 |
| Moving Averages | 0 | 0 | 12 |
