How Does Micron Technology Stock Stack Up Against Its Peers?
Micron’s stock has shown strong annual returns, albeit trailing some peers, sparking interest in its role within the surging AI and data-center memory supercycle. Analysis reveals robust revenue growth and operating profitability, second to NVDA, yet its free cash flow margin lags. With a moderate valuation against high-growth competitors, Micron demonstrates solid fundamentals amidst sold-out HBM supply through 2026, positioning it strongly in the AI era.
- MU’s 32.5% operating margin, high versus peers but below NVDA’s 58.8%, signals robust memory market recovery versus NVDA’s AI chip pricing power.
- MU’s 45.4% revenue growth, outpacing WDC, INTC, AMD, QCOM but lagging NVDA, highlights memory market rebound versus NVDA’s AI dominance.
- MU’s 361.7% stock gain and 40.5 PE, though less than WDC’s returns, signals investor confidence in memory upcycle versus WDC’s data storage growth.
Here’s how Micron Technology stacks up across size, valuation, and profitability versus key peers.
| MU | WDC | INTC | NVDA | AMD | QCOM | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 482.6 | 99.2 | 227.3 | 4,757.4 | 343.1 | 156.0 |
| Revenue ($ Bil) | 42.3 | 10.7 | 52.9 | 187.1 | 34.6 | 44.9 |
| PE Ratio | 40.5 | 26.1 | -851.2 | 48.0 | 79.1 | 29.1 |
| LTM Revenue Growth | 45.4% | 28.1% | -0.5% | 65.2% | 34.3% | 10.3% |
| LTM Operating Margin | 32.5% | 27.9% | -0.0% | 58.8% | 10.7% | 27.2% |
| LTM FCF Margin | 11.0% | 21.5% | -9.4% | 41.3% | 19.4% | 28.8% |
| 12M Market Return | 361.7% | 495.2% | 103.9% | 54.5% | 102.8% | -7.5% |
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
- Structural Risks to Watch For MU Stock Over the Next 6 Months
- Why NVDA, MU Could Outperform Rambus Stock
- MU Stock: History Signals A Rebound After 13% Drop
- Does Micron Technology Stock Still Have Room to Run?
- Micron Stock Surged 9x But History Suggests Caution.
- MU, FSLR Top ON Semiconductor Stock on Price & Potential
| LTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| MU | 45.4% | 48.9% | 61.6% | -49.5% |
| WDC | 28.1% | 50.7% | 1.0% | -66.7% |
| INTC | -0.5% | -0.5% | -2.1% | -14.0% |
| NVDA | 65.2% | 114.2% | 125.9% | 0.2% |
| AMD | 34.3% | 34.3% | 13.7% | -3.9% |
| QCOM | 10.3% | 13.7% | 8.8% | -19.0% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| MU | 32.5% | 26.2% | 5.2% | -34.8% |
| WDC | 27.9% | 22.4% | 1.5% | -6.4% |
| INTC | -0.0% | -0.0% | -8.9% | 0.1% |
| NVDA | 58.8% | 62.4% | 54.1% | 20.7% |
| AMD | 10.7% | 10.7% | 8.1% | 1.8% |
| QCOM | 27.2% | 28.0% | 26.3% | 24.1% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| MU | 40.5 | 37.3 | 119.5 | -16.0 |
| WDC | 26.1 | 32.1 | -24.4 | -9.9 |
| INTC | -851.2 | -626.1 | -4.6 | 124.7 |
| NVDA | 48.0 | 62.8 | 111.4 | 282.0 |
| AMD | 79.1 | 80.2 | 119.2 | 278.6 |
| QCOM | 29.1 | 33.8 | 16.9 | 22.3 |
Still not sure about MU stock? Consider portfolio approach.
Portfolios Win When Stock Picks Fall Short
Individual stocks can soar or tank but one thing matters: staying invested. The right portfolio can help you stay invested, capture upside and mitigate the downside associated with any individual stock.
Why settle for average market returns? The Trefis High Quality (HQ) Portfolio invests in a diverse group of 30 stocks that have collectively delivered stronger upside with reduced volatility compared to the broader indices. Discover the methodology behind these smoother, higher returns by checking the HQ Portfolio performance data.