Micron Technology Stock vs Competition: Who Wins?
Micron‘s stock has significantly outperformed over the past year, with gains exceeding 200%, but how does it measure up against peers scaling in the AI and data center boom? A closer look reveals strong revenue growth and solid operating margins, critical for its role in AI infrastructure. Its valuation appears moderate; however, potential upside may be limited if hyperscale momentum favors pure-plays with superior free cash flow generation like Nvidia.
- MU’s 32.5% operating margin shows memory efficiency; NVDA’s 58.8% highlights its AI chip dominance.
- MU’s 45.4% revenue growth reflects memory recovery, outpacing peers but trailing NVDA’s AI-driven surge.
- MU’s 247.1% stock gain and 32.4 PE signal AI-led memory optimism, yet WDC achieved higher returns from data center storage.
Here’s how Micron Technology stacks up across size, valuation, and profitability versus key peers.
| MU | WDC | INTC | NVDA | AMD | QCOM | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 386.4 | 76.8 | 180.7 | 4,555.0 | 348.5 | 196.7 |
| Revenue ($ Bil) | 42.3 | 13.3 | 53.4 | 187.1 | 32.0 | 44.3 |
| PE Ratio | 32.4 | 41.1 | 912.8 | 45.9 | 105.4 | 35.5 |
| LTM Revenue Growth | 45.4% | 39.2% | -1.5% | 65.2% | 31.8% | 13.7% |
| LTM Operating Margin | 32.5% | 21.1% | -0.2% | 58.8% | 9.4% | 28.0% |
| LTM FCF Margin | 11.0% | 9.6% | -15.8% | 41.3% | 17.0% | 28.9% |
| 12M Market Return | 247.1% | 348.6% | 101.5% | 25.3% | 65.5% | 16.7% |
For more details on Micron Technology, read Buy or Sell MU Stock. Below we compare MU’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
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| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| MU | 45.4% | 48.9% | 61.6% | -49.5% | |
| WDC | 39.2% | 50.7% | 1.0% | -66.7% | |
| INTC | -1.5% | – | -2.1% | -14.0% | -20.2% |
| NVDA | 65.2% | 114.2% | 125.9% | 0.2% | |
| AMD | 31.8% | – | 13.7% | -3.9% | 43.6% |
| QCOM | 13.7% | 13.7% | 8.8% | -19.0% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| MU | 32.5% | 26.2% | 5.2% | -34.8% | |
| WDC | 21.1% | 22.4% | 1.5% | -6.4% | |
| INTC | -0.2% | – | -8.9% | 0.1% | 3.7% |
| NVDA | 58.8% | 62.4% | 54.1% | 20.7% | |
| AMD | 9.4% | – | 8.1% | 1.8% | 5.4% |
| QCOM | 28.0% | 28.0% | 26.3% | 24.1% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| MU | 32.4 | 37.3 | 119.5 | -16.0 | |
| WDC | 41.1 | 32.1 | -24.4 | -9.9 | |
| INTC | 912.8 | – | -8.4 | 49.7 | 25.8 |
| NVDA | 45.9 | 62.8 | 111.4 | 282.0 | |
| AMD | 105.4 | – | 211.4 | 228.3 | 174.3 |
| QCOM | 35.5 | 33.8 | 16.9 | 22.3 |
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