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Investment Highlights Market Valuation Price Chart Return vs. Risk About MU Interactive Breakdown Better Bets vs. MU Latest Trefis Analyses Trade Ideas Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

Micron Technology (MU)

Market Price (10/30/2025): $226.7 | Market Cap: $254.4 Bil
Sector: Information Technology | Industry: Semiconductors

Micron Technology (MU)

Market Price (10/30/2025): $226.7
Market Cap: $254.4 Bil
Sector: Information Technology
Industry: Semiconductors

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 49%		 Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%		 Stock price has recently run up significantly
6M Rtn6 month market price return is 195%, 12M Rtn12 month market price return is 110%
1 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 26%		  Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 62%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 47%, CFO LTM is 18 Bil		  
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 49%
1 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 26%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 47%, CFO LTM is 18 Bil
3 Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%
4 Stock price has recently run up significantly
6M Rtn6 month market price return is 195%, 12M Rtn12 month market price return is 110%
5 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 62%

Market Valuation & Key Metrics

MUS&P 500
REVENUE GROWTHVERY GOOD
Rev LTM ($ Bil)37.4
Rev Chg Q46.0%6.4%
Rev Chg LTM48.9%5.2%
Rev Chg 3Y Avg20.3%5.3%
PROFITABILITYVERY GOOD
Op Inc LTM ($ Bil)9.8
CFO LTM ($ Bil)17.5
Net Inc LTM ($ Bil)8.5
Op Mgn LTM26.2%18.8%
CFO/Rev LTM46.9%20.4%
Net Inc Mgn22.8%12.7%
VALUATIONHIGH
P/S6.83.3
P/CFO14.515.7
P/FCF152.521.0
P/E29.823.7
STABILITYVERY GOOD
Debt/Equity0.060.21
Cash/Assets0.120.07

MU Stock

   
   
   
   
   
   
   
Factor Drivers of Stock Movement
The 195.0% change in MU stock from 4/30/2025 to 10/29/2025 was primarily driven by a 62.4% change in the company's P/E Multiple.

430202510292025Change
Stock Price ($)76.83226.63194.98%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)31323.0037378.0019.33%
Net Income Margin (%)14.92%22.84%53.16%
P/E Multiple18.3429.7862.41%
Shares Outstanding (Mil)1115.001122.00-0.63%
Cumulative Contribution194.97%

LTM = Last Twelve Months as of date shown
The 110.4% change in MU stock from 10/29/2024 to 10/29/2025 was primarily driven by a 637.4% change in the company's Net Income Margin (%).

1029202410292025Change
Stock Price ($)107.73226.63110.37%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)25111.0037378.0048.85%
Net Income Margin (%)3.10%22.84%637.35%
P/E Multiple153.4329.78-80.59%
Shares Outstanding (Mil)1108.001122.00-1.26%
Cumulative Contribution110.33%

LTM = Last Twelve Months as of date shown
The 326.3% change in MU stock from 10/30/2022 to 10/29/2025 was primarily driven by a 343.5% change in the company's P/E Multiple.

1030202210292025Change
Stock Price ($)53.17226.63326.27%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)30758.0037378.0021.52%
Net Income Margin (%)28.24%22.84%-19.11%
P/E Multiple6.7129.78343.54%
Shares Outstanding (Mil)1097.001122.00-2.28%
Cumulative Contribution326.05%

LTM = Last Twelve Months as of date shown

Return vs. Risk

Price Returns Compared

 202020212022202320242025Total [1]
Returns
MU Return40%24%-46%72%-1%170%317%
Peers Return18%34%-27%39%1%88%206%
S&P 500 Return16%27%-19%24%23%17%110%

Monthly Win Rates [3]
MU Win Rate58%42%42%58%50%67% 
Peers Win Rate58%57%40%63%48%60% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
MU Max Drawdown-36%-12%-47%0%-7%-23% 
Peers Max Drawdown-38%-5%-37%-4%-13%-27% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: TXN, ADI, STX, WDC, MCHP. See MU Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/29/2025 (YTD)

How Low Can It Go

Unique KeyEventMUS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-49.8%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven99.2%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven528 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-42.5%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven74.0%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven245 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-53.7%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven115.8%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven700 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-88.1%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven742.0%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1680 days1480 days

Compare to TXN, ADI, STX, WDC, MCHP


In The Past

Micron Technology's stock fell -49.8% during the 2022 Inflation Shock from a high on 1/14/2022. A -49.8% loss requires a 99.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Micron Technology (MU)

Interactive Breakdown

Micron Technology Interactive Breakdown Analysis

Better Bets than Micron Technology (MU)

 MUBetter Performance than MU
MetricValueIndustry (Semiconductors)
Rev Chg LTM48.9%NVDA (71.6%), CRDO (175.8%), ALAB (163.8%), SITM (65.1%), POET (302.5%)
Rev Chg 3Y Avg20.3%NVDA (92.0%), AVGO (24.0%), CRDO (74.4%), NVTS (44.9%), SHLS (21.1%)
Op Mgn LTM26.2%NVDA (58.1%), AVGO (39.0%), QCOM (27.8%), TXN (34.8%), FSLR (32.3%)
CFO/Rev LTM46.9%RMBS (47.0%), NVEC (57.7%)
FCF/Rev LTM4.5%NVDA (43.6%), AVGO (41.6%), AMD (13.7%), QCOM (26.9%), TXN (12.0%)
Total Yield3.6%QCOM (7.9%), TXN (6.9%), MPWR (3.8%), NXPI (6.0%), FSLR (4.9%)
 MUBetter Performance than MU
MetricValueAll Other Sectors
Rev Chg LTM48.9%HOOD (59.6%), COIN (75.2%), FANG (51.8%), RDDT (70.0%), AU (54.6%)
Rev Chg 3Y Avg20.3%LLY (23.4%), APP (23.7%), UBER (23.2%), HOOD (30.0%), WELL (20.9%)
Op Mgn LTM26.2%GOOGL (32.7%), META (42.9%), LLY (43.0%), V (66.5%), MA (58.0%)
CFO/Rev LTM46.9%META (56.4%), V (60.4%), MA (53.3%), APP (53.7%), RY (135.4%)
FCF/Rev LTM4.5%GOOGL (18.0%), META (30.7%), TSLA (7.1%), V (56.8%), MA (49.2%)
Total Yield3.6%GOOGL (3.8%), META (3.8%), JPM (6.6%), V (3.8%), XOM (9.6%)
 Best Bets In Information Technology Sector
 MUVRSN NVDA RMBS QLYS ADBE YOU GEN IDCC DBX KLAC
What You Pay           
P/E29.826.858.352.424.020.516.526.721.415.940.2
P/EBIT25.119.450.044.622.516.419.69.817.113.633.0
What You Get           
Rev Chg Q46.0%7.3%55.6%22.7%10.3%10.7%17.5%30.3%34.5%-1.4%23.6%
Rev Chg LTM48.9%5.5%71.6%31.0%9.6%10.7%19.8%10.6%21.8%-0.0%23.9%
Rev Chg 3Y Avg20.3%5.2%92.0%17.3%12.5%10.5%35.5%14.8%23.3%4.1%10.4%
FCF/Rev 3Y Avg-11.5%57.4%41.3%39.3%39.0%37.7%37.3%35.9%35.1%32.9%31.1%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 24%, alpha of 2.9%, and sharpe of 1.04

Latest Trefis Analyses

Trade Ideas

Select past ideas related to MU. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ADBE_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025ADBEAdobeMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-4.2%-4.2%-6.7%
CRM_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025CRMSalesforceMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		6.1%6.1%-0.6%
MPWR_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025MPWRMonolithic Power SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		18.8%18.8%-1.8%
POWI_9262025_Dip_Buyer_High_CFO_Margins_ExInd_DE09262025POWIPower IntegrationsDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		3.7%3.7%-13.4%
ROP_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025ROPRoper TechnologiesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-10.5%-10.5%-10.5%
MU_6302025_Monopoly_xInd_xCD_Getting_Cheaper06302025MUMicron TechnologyMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		84.2%84.2%-14.8%
MU_12312024_Monopoly_xInd_xCD_Getting_Cheaper12312024MUMicron TechnologyMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		43.8%170.1%-23.0%
MU_2282023_Dip_Buyer_ValueBuy02282023MUMicron TechnologyDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		15.8%56.2%-6.8%
MU_8312022_Dip_Buyer_FCFYield08312022MUMicron TechnologyDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		1.9%24.8%-13.5%
MU_10312018_Dip_Buyer_FCFYield10312018MUMicron TechnologyDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		11.1%26.1%-23.1%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ADBE_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025ADBEAdobeMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-4.2%-4.2%-6.7%
CRM_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025CRMSalesforceMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		6.1%6.1%-0.6%
MPWR_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025MPWRMonolithic Power SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		18.8%18.8%-1.8%
POWI_9262025_Dip_Buyer_High_CFO_Margins_ExInd_DE09262025POWIPower IntegrationsDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		3.7%3.7%-13.4%
ROP_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025ROPRoper TechnologiesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-10.5%-10.5%-10.5%
MU_6302025_Monopoly_xInd_xCD_Getting_Cheaper06302025MUMicron TechnologyMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		84.2%84.2%-14.8%
MU_12312024_Monopoly_xInd_xCD_Getting_Cheaper12312024MUMicron TechnologyMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		43.8%170.1%-23.0%
MU_2282023_Dip_Buyer_ValueBuy02282023MUMicron TechnologyDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		15.8%56.2%-6.8%
MU_8312022_Dip_Buyer_FCFYield08312022MUMicron TechnologyDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		1.9%24.8%-13.5%
MU_10312018_Dip_Buyer_FCFYield10312018MUMicron TechnologyDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		11.1%26.1%-23.1%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1INBXInhibrx Biosciences144.4%400.3%
2PUMPProPetro92.4%19.0%
3LUMNLumen Technologies56.2%107.2%
4RNAAvidity Biosciences48.6%139.5%
5DYNDyne Therapeutics44.5%0.3%
6ACDCProFrac42.1%-30.4%
7BEBloom Energy41.7%502.0%
8SNDKSanDisk39.1% 
9GTXGarrett Motion36.5%92.3%
10LITELumentum35.6%155.2%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1PMIPicard Medical-75.1%5106.3%
2LRNStride-54.1%-32.6%
3VRNSVaronis Systems-47.2%-27.2%
4NTLAIntellia Therapeutics-46.6%12.5%
5FIFiserv-43.6%-65.6%
6ITGRInteger-40.2%-50.7%
7UAMYUnited States Antimony-35.9%374.6%
8AKBAAkebia Therapeutics-29.8%10.5%
9OGNOrganon-29.1%-56.5%
10METCRamaco Resources-27.2%186.6%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1PRAXPraxis Precision Medicines269.4%154.4%
2INBXInhibrx Biosciences128.8%400.3%
3PUMPProPetro111.8%19.0%
4NVTSNavitas Semiconductor88.0%280.1%
5FLNCFluence Energy87.8%27.7%
6DYNDyne Therapeutics86.8%0.3%
7VICRVicor83.4%88.7%
8SNDKSanDisk82.1% 
9LUMNLumen Technologies79.7%107.2%
10GLUEMonte Rosa Therapeutics68.7%80.1%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1PMIPicard Medical-61.4%5106.3%
2LRNStride-53.0%-32.6%
3FIFiserv-45.2%-65.6%
4VRNSVaronis Systems-43.7%-27.2%
5OGNOrganon-40.6%-56.5%
6NFENew Fortress Energy-40.3%-91.3%
7VGVenture Global-38.0% 
8ITGRInteger-36.8%-50.7%
9LENZLENZ Therapeutics-34.2%6.1%
10CZRCaesars Entertainment-30.7%-44.0%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1INBXInhibrx Biosciences144.4%400.3%
2PUMPProPetro92.4%19.0%
3LUMNLumen Technologies56.2%107.2%
4RNAAvidity Biosciences48.6%139.5%
5DYNDyne Therapeutics44.5%0.3%
6ACDCProFrac42.1%-30.4%
7BEBloom Energy41.7%502.0%
8SNDKSanDisk39.1% 
9GTXGarrett Motion36.5%92.3%
10LITELumentum35.6%155.2%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1PMIPicard Medical-75.1%5106.3%
2LRNStride-54.1%-32.6%
3VRNSVaronis Systems-47.2%-27.2%
4NTLAIntellia Therapeutics-46.6%12.5%
5FIFiserv-43.6%-65.6%
6ITGRInteger-40.2%-50.7%
7UAMYUnited States Antimony-35.9%374.6%
8AKBAAkebia Therapeutics-29.8%10.5%
9OGNOrganon-29.1%-56.5%
10METCRamaco Resources-27.2%186.6%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Micron Technology

Financials

MUTXNADISTXWDCMCHPMedian
NameMicron T.Texas In.Analog D.Seagate .Western .Microchi. 
Mkt Price226.63160.26235.04265.62141.3862.54193.44
Mkt Cap254.3145.7116.257.149.533.786.7
Rev LTM37,37817,26610,3879,09713,2794,23611,833
Op Inc LTM9,8096,0122,6301,9152,8062082,718
FCF LTM1,6682,0803,6788181,2797261,474
FCF 3Y Avg-1,4431,7323,439703-2442,0181,217
CFO LTM17,5256,8974,1621,0831,6917972,927
CFO 3Y Avg9,1976,5604,3109813302,2823,296

Growth & Margins

MUTXNADISTXWDCMCHPMedian
NameMicron T.Texas In.Analog D.Seagate .Western .Microchi. 
Rev Chg LTM48.9%9.9%7.1%38.9%39.2%-35.7%24.4%
Rev Chg 3Y Avg20.3%-4.6%-0.6%-3.0%8.3%-13.0%-1.8%
Rev Chg Q46.0%14.2%24.6%29.5%30.0%-13.4%27.0%
QoQ Delta Rev Chg LTM10.5%3.5%5.8%6.5%4.7%-3.8%5.3%
Op Mgn LTM26.2%34.8%25.3%21.1%21.1%4.9%23.2%
Op Mgn 3Y Avg-1.1%38.0%27.5%9.4%3.7%23.8%16.6%
QoQ Delta Op Mgn LTM3.7%-0.1%1.8%1.8%2.4%-3.6%1.8%
CFO/Rev LTM46.9%39.9%40.1%11.9%12.7%18.8%29.4%
CFO/Rev 3Y Avg30.3%38.6%39.5%12.9%1.0%32.1%31.2%
FCF/Rev LTM4.5%12.0%35.4%9.0%9.6%17.1%10.8%
FCF/Rev 3Y Avg-11.5%10.2%31.5%9.2%-6.1%28.5%9.7%

Valuation

MUTXNADISTXWDCMCHPMedian
NameMicron T.Texas In.Analog D.Seagate .Western .Microchi. 
Mkt Cap254.3145.7116.257.149.533.786.7
P/S6.88.411.26.33.78.07.4
P/EBIT25.123.443.831.123.0309.728.1
P/E29.828.959.438.926.5-227.229.3
P/CFO14.521.127.952.729.342.328.6
Total Yield3.6%6.9%3.3%3.6%3.8%0.3%3.6%
Dividend Yield0.2%3.4%1.6%1.1%0.0%0.7%0.9%
FCF Yield 3Y Avg-2.4%1.1%3.2%3.5%-2.5%4.3%2.1%
D/E0.10.10.10.10.10.20.1
Net D/E0.00.10.00.10.10.10.1

Returns

MUTXNADISTXWDCMCHPMedian
NameMicron T.Texas In.Analog D.Seagate .Western .Microchi. 
1M Rtn38.4%-12.5%-4.0%15.9%21.1%-2.4%6.8%
3M Rtn97.6%-14.8%2.1%80.7%98.2%-10.4%41.4%
6M Rtn195.0%0.9%21.6%194.3%223.3%37.7%116.0%
12M Rtn110.4%-21.9%1.6%168.5%177.7%-18.6%56.0%
3Y Rtn326.3%7.8%71.1%470.9%434.2%6.3%198.7%
1M Excs Rtn32.5%-15.8%-7.4%9.5%14.7%-5.6%1.9%
3M Excs Rtn99.1%-20.2%-3.6%61.0%71.2%-15.5%28.7%
6M Excs Rtn171.2%-22.9%-2.1%170.5%199.6%14.0%92.3%
12M Excs Rtn92.3%-38.9%-14.8%145.5%154.4%-34.3%38.7%
3Y Excs Rtn228.1%-73.0%-10.0%340.2%361.7%-74.2%109.1%

Comparison Analyses

Title
0MU Could Deliver 34% Returns And Outperform STX
1Micron Technology vs. Western Digital: With Return Forecast Of 71%, Micron Technology Is A Better Bet
2MU Could Deliver 34% Returns And Outperform TXN
3Micron Technology vs. Applied Materials: With Return Forecast Of 70%, Micron Technology Is A Better Bet
4Micron Technology vs. Thermo Fisher Scientific: With Return Forecast Of 80%, Micron Technology Is A Better Bet
5Micron Technology vs. NVIDIA: With Return Forecast Of 80%, Micron Technology Is A Better Bet
6Micron Technology vs. Tesla: With Return Forecast Of 80%, Micron Technology Is A Better Bet
7Micron Technology vs. Eli Lilly and Company: With Return Forecast Of 67%, Micron Technology Is A Better Bet
8Micron Technology vs. LIN Media: With Return Forecast Of 67%, Micron Technology Is A Better Bet
9Micron Technology vs. PayPal: With Return Forecast Of 75%, Micron Technology Is A Better Bet

Financials

$ Mil | FY: 8/282025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q1
Period End8/28/20255/29/20252/27/202511/28/20248/29/20245/30/20242/29/202411/30/20238/31/20236/1/20233/2/202312/1/2022
Filing Date10/3/20256/26/20253/21/202512/19/202410/4/20246/27/20243/21/202412/21/202310/6/20236/29/20233/29/202312/22/2022
Key Financials Quarterly            
Total Revenue11,3159,3018,0538,7097,7506,8115,8244,7264,0103,7523,6934,085
Ebitda5,9044,3303,9494,3003,6322,8202,238892608322-2401,796
Operating Income3,6932,1691,7732,1741,523719191-1,128-1,321-1,649-2,226-196
Net Income3,2011,8851,5831,870887332793-1,234-1,430-1,896-2,312-195
EPS2.861.691.421.680.800.300.72-1.12-1.31-1.73-2.12-0.18
Key Financials TTM            
Total Revenue TTM37,37833,81331,32329,09425,11121,37118,31216,18115,54018,17323,06327,156
Ebitda TTM18,48316,21114,70112,9909,5826,5584,0601,5822,4865,3589,88914,435
Operating Income TTM9,8097,6396,1894,6071,305-1,539-3,907-6,324-5,392-2,5702,0786,855
Net Income TTM8,5396,2254,6723,882778-1,539-3,767-6,872-5,833-2,9111,6116,186
Growth Rates Quarterly            
Total Revenue Growth46.0%36.6%38.3%84.3%93.3%81.5%57.7%15.7%-39.6%-56.6%-52.6%-46.9%
EBITDA Growth62.6%53.5%76.5%382.1%497.4%775.8%1032.5%-50.3%-82.5%-93.4%-105.6%-57.6%
Operating Income Growth142.5%201.7%828.3%292.7%215.3%143.6%108.6%-475.5%-188.0%-155.0%-187.3%-107.3%
Net Income Growth260.9%467.8%99.6%251.5%162.0%117.5%134.3%-532.8%-195.8%-172.2%-202.2%-108.5%
Margins Quarterly            
EBITDA Margin52.2%46.6%49.0%49.4%46.9%41.4%38.4%18.9%15.2%8.6%-6.5%44.0%
Operating Income Margin32.6%23.3%22.0%25.0%19.7%10.6%3.3%-23.9%-32.9%-43.9%-60.3%-4.8%
Net Income Margin28.3%20.3%19.7%21.5%11.4%4.9%13.6%-26.1%-35.7%-50.5%-62.6%-4.8%
Cash & Debt            
Total Cash10,30710,8118,2157,5888,1068,3799,0069,0489,59410,35210,81810,581
Total Debt15,27816,14114,95414,37314,00713,86714,31514,10613,93313,84812,88410,890
Net Debt / (Cash)4,9715,3306,7396,7855,9015,4885,3095,0584,3393,4962,066309
Cash Flows Quarterly            
FCF from Operations5,7304,6093,9423,2443,4052,4821,2191,40124924343943
Cash Flows TTM            
FCF from Operations TTM17,52515,20013,07310,3508,5075,3512,8932,0171,5595,0878,90112,186
Returns to Shareholders Quarterly            
Dividends130131130131129128127129126126126126
Share Repurchases-0-0-0-0300-0-0-0-0-0-0425
Return on Invested Capital (ROIC) Quarterly            
ROIC262.1%144.7%94.6%111.3%60.6%24.8%14.4%-89.2%-119.8%-188.7%-431.0%-253.7%
Return on Invested Capital (ROIC) TTM            
ROIC TTM174.4%118.2%70.0%58.0%14.1%-24.9%-66.0%-125.0%-124.3%-73.5%77.7%2000.0%

Price Behavior

MU Betas & Captures as of 9/30/2025

 1M2M3M6M1Y3Y
Beta2.812.351.882.002.051.80
Up Beta6.691.942.721.881.961.69
Down Beta5.353.973.852.712.472.01
Up Capture534%404%187%255%346%1126%
Bmk +ve Days13233574144420
Stock +ve Days17294077138389
Down Capture-237%19%1%109%137%109%
Bmk -ve Days8192952107330
Stock -ve Days4132449113362

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity25,192,304
Short Interest: % Change Since 930202513.6%
Average Daily Volume26,002,668
Days-to-Cover Short Interest1
Basic Shares Quantity1,122,000,000
Short % of Basic Shares2.2%

Returns Analyses

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
9/23/2025-2.8%0.5%19.3%
6/25/2025-1.0%-4.3%-12.5%
3/20/2025-8.0%-11.5%-35.1%
12/18/2024-16.2%-13.6%5.3%
9/25/202414.7%4.3%11.7%
6/26/2024-7.1%-3.9%-23.1%
3/20/202414.1%23.9%11.0%
12/20/20238.6%9.3%11.4%
...
SUMMARY STATS   
# Positive101015
# Negative13138
Median Positive6.3%7.6%8.3%
Median Negative-4.1%-6.1%-10.6%
Max Positive14.7%23.9%19.9%
Max Negative-16.2%-13.6%-35.1%

SEC Filings

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Report DateFiling DateFiling
83120251003202510-K 8/28/2025
5312025626202510-Q 5/29/2025
2282025321202510-Q 2/27/2025
113020241219202410-Q 11/28/2024
83120241004202410-K 8/29/2024
5312024627202410-Q 5/30/2024
2292024321202410-Q 2/29/2024
113020231221202310-Q 11/30/2023
83120231006202310-K 8/31/2023
5312023629202310-Q 6/1/2023
2282023329202310-Q 3/2/2023
113020221222202210-Q 12/1/2022
83120221007202210-K 9/1/2022
5312022701202210-Q 6/2/2022
2282022330202210-Q 3/3/2022
11302021106202210-Q 12/2/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0BEYER RICHARD M9292025Sell155.685,552864,33514,950,106Form
1McCarthy Mary Pat9042025Sell115.672,404278,0712,330,288Form
2Murphy Mark J.EVP & Chief Financial Officer7242025Sell108.7616,0991,750,92730,663,468Form
3McCarthy Mary Pat7032025Sell120.3870084,2662,919,697Form
4BHATIA MANISH HEVP, Global Operations7022025Sell123.1680,0009,852,80033,877,252Form

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