How Does Micron Technology Stock Compare With Peers?
Micron‘s (MU) stock has significantly outperformed over the past year, surging approximately 312-329%. But how does it truly measure up against peers rapidly scaling in the AI and data center boom? A closer look reveals strong revenue growth, solid operating margins, and a moderate valuation compared to some high-growth rivals. However, its free cash flow generation trails some competitors amidst ongoing competitive pressures in the dynamic memory market, heavily influenced by the “memory supercycle” driven by AI demand in 2026.
- MU’s 32.5% operating margin is high, fueled by HBM demand in AI data centers, though below NVDA’s 58.8% from its AI GPU dominance.
- MU’s 45.4% revenue growth, driven by AI memory demand, outpaces peers but lags NVDA’s, which is fueled by data center AI GPU dominance.
- MU stock soared 290.4% on the memory supercycle and AI HBM demand; its PE of 35.3 reflects high growth, but WDC gained more from NAND recovery/spin-off.
Here’s how Micron Technology stacks up across size, valuation, and profitability versus key peers.
| MU | WDC | INTC | NVDA | AMD | QCOM | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 419.9 | 89.5 | 228.5 | 4,586.6 | 347.5 | 149.9 |
| Revenue ($ Bil) | 42.3 | 10.7 | 52.9 | 187.1 | 34.6 | 44.9 |
| PE Ratio | 35.3 | 23.5 | -855.8 | 46.2 | 80.2 | 27.9 |
| 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 | 290.4% | 410.6% | 138.4% | 41.2% | 93.3% | -16.4% |
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
- Better Value & Growth: MU, NVDA Lead ON Semiconductor Stock
- Would You Still Hold Micron Technology Stock If It Fell Another 30%?
- What Is Happening With Micron Technology Stock?
- Does Micron Technology Stock Have More Upside?
- Better Value & Growth: NVDA, MU Lead Monolithic Power Systems Stock
- Micron Technology Stock To $278?
| 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 | 35.3 | 37.3 | 119.5 | -16.0 |
| WDC | 23.5 | 32.1 | -24.4 | -9.9 |
| INTC | -855.8 | -626.1 | -4.6 | 124.7 |
| NVDA | 46.2 | 62.8 | 111.4 | 282.0 |
| AMD | 80.2 | 80.2 | 119.2 | 278.6 |
| QCOM | 27.9 | 33.8 | 16.9 | 22.3 |
Still not sure about MU stock? Consider a portfolio approach.
Client Retention Starts With Better Asset Allocation
Single stocks introduce single points of failure for your clients. A diversified multi-asset model helps you manage risk and keep clients invested through market turbulence.
Client trust is built on consistency. By partnering with our Boston-based wealth management team, advisors gain access to rigorous risk management strategies that look beyond equities. Their approach combines multi-asset diversification with high-conviction equity baskets, such as the Trefis High Quality Portfolio, to smooth out volatility and improve client outcomes.