Micron Technology, Inc.
MUNASDAQ
$866.68
Last price · USD
- Market cap
- $990.6B
- P/E
- 11.7x
- EV / EBITDA
- 8.8x
- P/S
- 7.4x
- FCF yield
- 6.0%
- Div. yield
- 0.06%
Multiples use last price and FY2026 annual figures. Market cap estimated from diluted shares.
Revenue
$133.2B
+256.3%
4Y CAGR +44.3%
Gross profit
$107.5B
+622.8%
4Y CAGR +66.8%
Operating income
$99.91B
+912.2%
4Y CAGR +79.1%
Net income
$84.97B
+895.1%
4Y CAGR +76.8%
EPS (diluted)
$74.33
+879.3%
4Y CAGR +76.0%
Free cash flow
$58.96B
+3435.0%
4Y CAGR +108.6%
Revenue & net income
Fiscal 2022–2026 · USD
RevenueNet income
Valuation
At $866.68 · FY2026 fundamentals
- Market cap
- $990.6B
- Enterprise value
- $957.4B
- P/E
- 11.7x
- P/S
- 7.4x
- P/B
- 7.2x
- EV / EBITDA
- 8.8x
- EV / Sales
- 7.2x
- Earnings yield
- 8.6%
- FCF yield
- 6.0%
- Shareholder yield
- 0.2%
Profitability
Margins as a share of revenue
| Metric | Latest | 4Y ago | Trend |
|---|---|---|---|
| Gross margin | 80.7%+35.5pp | 45.2% | |
| Operating margin | 75.0%+43.5pp | 31.5% | |
| EBITDA margin | 82.1%+27.4pp | 54.7% | |
| Net margin | 63.8%+35.6pp | 28.2% | |
| FCF margin | 44.3%+34.1pp | 10.1% |
Returns & financial health
FY2026 with 4-year trend
| Metric | Latest | 4Y ago | Trend |
|---|---|---|---|
| Return on equity | 61.4% | 17.4% | |
| Return on invested capital | 80.9% | 17.9% | |
| Return on assets | 43.4% | 13.1% | |
| Debt / equity | 0.04x | 0.15x | |
| Net debt / EBITDA | -0.30x | -0.04x | |
| Current ratio | 3.31x | 2.89x |
Cash & equivalents
$38.36B
Total debt
$5.18B
Capital allocation
How MU used its cash in FY2026
- Operating cash flow
- $89.67B
- Capital expenditure
- $30.71B
- Dividends paid
- $610M
- Share repurchases
- $1.78B
- Stock-based compensation
- $1.33B
- Diluted shares
- 1.14B
- Share count change (4Y)
- +1.9%
Analyst estimates
Consensus for upcoming fiscal years
| Fiscal year | Revenue | Growth | EPS | Growth |
|---|---|---|---|---|
| FY2026 actual | $133.2B | $74.33 | ||
| FY2027E28 analysts | $277.9B | +108.6% | $175.29 | +135.8% |
| FY2028E29 analysts | $325.2B | +17.0% | $210.25 | +19.9% |
| FY2029E8 analysts | $333.3B | +2.5% | $217.90 | +3.6% |
About Micron Technology, Inc.
Technology · Semiconductors
Micron Technology, Inc. is a global leader specializing in the development, manufacture, and sale of advanced semiconductor memory and storage solutions. Its operations are structured across four primary business segments: Compute and Networking, Mobile, Storage, and Embedded.
micron.com- Sector
- Technology
- Industry
- Semiconductors
- CEO
- Sanjay Mehrotra
- Employees
- 61,000
- Headquarters
- Boise, ID, US
- IPO date
- 1984-06-01
Micron Technology, Inc. (MU) — frequently asked questions
Answered from the company's SEC filings
Micron Technology, Inc. is a global leader specializing in the development, manufacture, and sale of advanced semiconductor memory and storage solutions.
Explore the full income statement, balance sheet and cash flow statement. Not investment advice.