Micron Technology Stock vs Competition: Who Wins?
Micron Technology’s stock has outperformed over the past year, but how does it truly measure up against memory and AI peers rapidly scaling in the data-center boom? A closer look reveals robust LTM revenue growth (45%) and solid operating margins (32%), yet free cash flow margins (11%) trail leaders. Its moderate valuation (PE: 36.7) offers support, though upside may be limited if hyperscale AI hardware continues favoring pure-plays.
- MU’s 32.5% operating margin, strong for memory, trails NVDA’s 58.8%, reflecting its dominance in high-value AI chip solutions.
- MU’s 45.4% revenue growth, outpacing most, signals a memory market rebound, though behind NVDA’s AI-driven market surge.
- MU’s 256.9% stock gain and 36.8 PE reflect optimism for memory, yet WDC’s stronger returns highlight diverse storage market catalysts.
Here’s how Micron Technology stacks up across size, valuation, and profitability versus key peers.
| MU | WDC | INTC | NVDA | AMD | QCOM | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 437.7 | 84.7 | 244.9 | 4,459.6 | 406.2 | 168.6 |
| Revenue ($ Bil) | 42.3 | 13.3 | 53.4 | 187.1 | 32.0 | 44.3 |
| PE Ratio | 36.8 | 45.3 | 1,236.8 | 45.0 | 122.9 | 30.4 |
| 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 | 256.9% | 381.6% | 149.2% | 30.2% | 104.3% | -4.4% |
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 | 36.8 | 37.3 | 119.5 | -16.0 | |
| WDC | 45.3 | 32.1 | -24.4 | -9.9 | |
| INTC | 1236.8 | – | -8.4 | 49.7 | 25.8 |
| NVDA | 45.0 | 62.8 | 111.4 | 282.0 | |
| AMD | 122.9 | – | 211.4 | 228.3 | 174.3 |
| QCOM | 30.4 | 33.8 | 16.9 | 22.3 |
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