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About

Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Japan, Mainland China, Hong Kong, Europe, and internationally. It operates through the Cloud Memory Business Unit; Core Data Center Business Unit; Mobile and Client Business Unit; and Automotive and Embedded Business Unit segments. The company provides memory products, including dynamic random access memory components and modules, CXL-based memory, LPDDR components and modules, graphics memory, high-bandwidth memory, and data center memory products; multichip packages (MCP) comprising embedded multimedia card-based, universal flash storage-based, and NAND-based MCPs; and technology leadership products that include 1y DRAM and G9 NAND technologies. It also offers storage products, such as data center solid-state drives (SSD), client SSD storage, and auto and industrial SSD storage; managed NAND; NAND flash; NOR flash; and memory cards. In addition, the company provides design tools, including FBGA and part decoders; DRAM power calculators; NAND power calculators; simulation models; chipset compatibility guides; serial presence-detection tools; cross-reference tools; UFSparm; SSD firmware; software and drivers; storage executive software; and obsolete part catalogs. It markets its semiconductor memory and storage products under the Micron and Crucial brands. The company serves the data center, PC, graphics, networking, automotive, industrial, and consumer embedded markets, as well as the smartphone and other mobile-device markets. It sells its products through its direct sales force, independent sales representatives, distributors, and retailers; web-based customer direct sales channel; and channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.

Fundamentals
Scroll to Statements
Sector Technology Industry Semiconductors Market Cap 481.10B
Enterprise Value 472.65B Income 11.91B Sales 42.31B
Book/sh 52.23 Cash/sh 9.17 Dividend Yield 11.00%
Payout 4.37% Employees 53000 IPO —
P/E 40.59 Forward P/E 9.59 PEG —
P/S 11.37 P/B 8.18 P/C —
EV/EBITDA 21.26 EV/Sales 11.17 Quick Ratio 1.70
Current Ratio 2.46 Debt/Eq 21.24 LT Debt/Eq —
EPS (ttm) 10.53 EPS next Y 44.55 EPS Growth 175.40%
Revenue Growth 56.70% Earnings 2026-03-18 ROA 10.93%
ROE 22.55% ROIC — Gross Margin 45.31%
Oper. Margin 44.97% Profit Margin 28.15% Shs Outstand 1.13B
Shs Float 1.12B Short Float 2.67% Short Ratio 0.83
Short Interest — 52W High 455.50 52W Low 61.54
Beta 1.50 Avg Volume 32.20M Volume 15.09M
Target Price $390.90 Recom Buy Prev Close $418.01
Price $427.45 Change 2.26%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$390.90
Mean price target
2. Current target
$430.27
Latest analyst target
3. DCF / Fair value
$7.10
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$430.27
Low
$196.00
High
$523.00
Mean
$390.90

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-17 main Needham Buy → Buy $450
2026-02-11 main Morgan Stanley Overweight → Overweight $450
2026-01-27 main Mizuho Outperform → Outperform $480
2026-01-22 init William Blair — → Outperform —
2026-01-20 main TD Cowen Buy → Buy $450
2026-01-20 main Stifel Buy → Buy $360
2026-01-20 main Rosenblatt Buy → Buy $500
2026-01-15 main Citigroup Buy → Buy $385
2026-01-15 main Wells Fargo Overweight → Overweight $410
2026-01-15 init RBC Capital — → Outperform $425
2026-01-14 main Cantor Fitzgerald Overweight → Overweight $450
2026-01-13 main Keybanc Overweight → Overweight $450
2026-01-13 main B of A Securities Buy → Buy $400
2026-01-12 main Lynx Global Buy → Buy $550
2026-01-09 main Mizuho Outperform → Outperform $390
2026-01-07 main UBS Buy → Buy $400
2026-01-07 main Piper Sandler Overweight → Overweight $400
2025-12-18 main Citigroup Buy → Buy $330
2025-12-18 main TD Cowen Buy → Buy $300
2025-12-18 main Wolfe Research Outperform → Outperform $350
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 25000 10747266.0 — Sale at price 429.43 - 431.76 per share. SADANA SUMIT Officer — 2026-02-02 00:00:00 D
1 12268 5025987.0 — Sale at price 401.16 - 415.65 per share. RAY MICHAEL CHARLES Officer — 2026-01-27 00:00:00 D
2 26623 10410771.0 — Sale at price 388.78 - 395.87 per share. BHATIA MANISH H Officer — 2026-01-22 00:00:00 D
3 269 nan — — ALLEN SCOTT R Officer — 2026-01-16 00:00:00 D
4 23200 7821723.0 — Purchase at price 336.63 - 337.50 per share. LIU TEYIN MARK Director — 2026-01-14 00:00:00 D
5 2000 675000.0 — Sale at price 337.50 per share. ALLEN SCOTT R Officer — 2026-01-06 00:00:00 D
6 110 — — Stock Gift at price 0.00 per share. ARNZEN APRIL S Officer — 2025-12-22 00:00:00 D
7 15000 4156350.0 — Sale at price 277.09 per share. ARNZEN APRIL S Officer — 2025-12-22 00:00:00 D
8 5000 1318150.0 — Sale at price 263.63 per share. GOMO STEVEN J Director — 2025-12-19 00:00:00 D
9 12500 2987009.0 — Sale at price 227.72 - 245.55 per share. MEHROTRA SANJAY Chief Executive Officer — 2025-11-07 00:00:00 D
Financials
Line Item2025-08-312024-08-312023-08-312022-08-31
TaxEffectOfUnusualItems-19.72M-5.46M-69.30M-5.95M
TaxRateForCalcs0.120.360.210.09
NormalizedEBITDA18.65B9.60B2.82B16.94B
TotalUnusualItems-170.00M-15.00M-330.00M-64.00M
TotalUnusualItemsExcludingGoodwill-170.00M-15.00M-330.00M-64.00M
NetIncomeFromContinuingOperationNetMinorityInterest8.54B778.00M-5.83B8.69B
ReconciledDepreciation8.35B7.78B7.76B7.12B
ReconciledCostOfRevenue22.50B19.50B16.96B16.86B
EBITDA18.48B9.58B2.49B16.88B
EBIT10.13B1.80B-5.27B9.76B
NetInterestIncome19.00M-33.00M80.00M-93.00M
InterestExpense477.00M562.00M388.00M189.00M
InterestIncome496.00M529.00M468.00M96.00M
NormalizedIncome8.69B787.54M-5.57B8.75B
NetIncomeFromContinuingAndDiscontinuedOperation8.54B778.00M-5.83B8.69B
TotalExpenses27.57B23.81B20.95B21.05B
TotalOperatingIncomeAsReported9.77B1.30B-5.75B9.70B
DilutedAverageShares1.12B1.12B1.09B1.12B
BasicAverageShares1.12B1.10B1.09B1.11B
DilutedEPS7.590.70-5.347.75
BasicEPS7.650.70-5.347.81
DilutedNIAvailtoComStockholders8.54B778.00M-5.83B8.69B
AverageDilutionEarnings0.000.00
NetIncomeCommonStockholders8.54B778.00M-5.83B8.69B
NetIncome8.54B778.00M-5.83B8.69B
MinorityInterests0.000.00
NetIncomeIncludingNoncontrollingInterests8.54B778.00M-5.83B8.69B
NetIncomeContinuousOperations8.54B778.00M-5.83B8.69B
EarningsFromEquityInterestNetOfTax9.00M-11.00M2.00M4.00M
TaxProvision1.12B451.00M177.00M888.00M
PretaxIncome9.65B1.24B-5.66B9.57B
OtherIncomeExpense-174.00M-32.00M-333.00M-45.00M
OtherNonOperatingIncomeExpenses-4.00M-17.00M-3.00M19.00M
SpecialIncomeCharges-98.00M-2.00M-340.00M-90.00M
GainOnSaleOfPPE59.00M54.00M41.00M24.00M
OtherSpecialCharges59.00M68.00M83.00M1.00M
WriteOff9.00M0.0014.00M63.00M
ImpairmentOfCapitalAssets0.000.00101.00M0.00
RestructuringAndMergernAcquisition30.00M1.00M157.00M-15.00M
GainOnSaleOfSecurity-72.00M10.00M26.00M82.00M
NetNonOperatingInterestIncomeExpense19.00M-33.00M80.00M-93.00M
InterestExpenseNonOperating477.00M562.00M388.00M189.00M
InterestIncomeNonOperating496.00M529.00M468.00M96.00M
OperatingIncome9.81B1.30B-5.41B9.71B
OperatingExpense5.06B4.31B3.99B4.19B
OtherOperatingExpenses61.00M-251.00M-45.00M7.00M
ResearchAndDevelopment3.80B3.43B3.11B3.12B
SellingGeneralAndAdministration1.21B1.13B920.00M1.07B
GrossProfit14.87B5.61B-1.42B13.90B
CostOfRevenue22.50B19.50B16.96B16.86B
TotalRevenue37.38B25.11B15.54B30.76B
OperatingRevenue37.38B25.11B15.54B30.76B
Line Item2025-08-312024-08-312023-08-312022-08-31
TreasurySharesNumber144.00M144.00M141.00M132.00M
OrdinarySharesNumber1.12B1.11B1.10B1.09B
ShareIssued1.27B1.25B1.24B1.23B
NetDebt1.89B4.30B3.47B
TotalDebt15.28B14.01B13.93B7.52B
TangibleBookValue52.56B43.56B42.57B48.26B
InvestedCapital65.70B56.47B56.17B55.93B
WorkingCapital17.39B15.12B16.48B14.24B
NetTangibleAssets52.56B43.56B42.57B48.26B
CapitalLeaseObligations3.75B2.66B1.88B1.50B
CommonStockEquity54.16B45.13B44.12B49.91B
TotalCapitalization65.70B56.37B56.06B55.93B
TotalEquityGrossMinorityInterest54.16B45.13B44.12B49.91B
StockholdersEquity54.16B45.13B44.12B49.91B
GainsLossesNotAffectingRetainedEarnings-32.00M-134.00M-312.00M-560.00M
OtherEquityAdjustments-32.00M-134.00M-312.00M-560.00M
TreasuryStock7.85B7.85B7.55B7.13B
RetainedEarnings48.58B40.88B40.82B47.27B
AdditionalPaidInCapital13.34B12.12B11.04B10.20B
CapitalStock127.00M125.00M124.00M123.00M
CommonStock127.00M125.00M124.00M123.00M
TotalLiabilitiesNetMinorityInterest28.63B24.29B20.13B16.38B
TotalNonCurrentLiabilitiesNetMinorityInterest17.18B15.04B15.37B8.84B
OtherNonCurrentLiabilities1.44B911.00M987.00M835.00M
NonCurrentDeferredLiabilities1.02B550.00M727.00M589.00M
NonCurrentDeferredRevenue1.02B550.00M727.00M589.00M
LongTermDebtAndCapitalLeaseObligation14.72B13.58B13.65B7.41B
LongTermCapitalLeaseObligation3.19B2.34B1.71B1.39B
LongTermDebt11.53B11.24B11.94B6.02B
CurrentLiabilities11.45B9.25B4.76B7.54B
OtherCurrentLiabilities1.25B1.52B529.00M1.35B
CurrentDebtAndCapitalLeaseObligation560.00M431.00M278.00M103.00M
CurrentCapitalLeaseObligation560.00M325.00M172.00M103.00M
CurrentDebt106.00M106.00M1.00M
OtherCurrentBorrowings106.00M106.00M1.00M
CurrentNotesPayable0.00
PayablesAndAccruedExpenses9.65B7.30B3.96B6.09B
CurrentAccruedExpenses1.50B1.43B747.00M1.36B
Payables8.15B5.87B3.21B4.73B
OtherPayable4.39B2.92B1.42B2.17B
TotalTaxPayable628.00M218.00M67.00M420.00M
AccountsPayable3.13B2.73B1.73B2.14B
TotalAssets82.80B69.42B64.25B66.28B
TotalNonCurrentAssets53.96B45.04B43.01B44.50B
OtherNonCurrentAssets2.78B1.52B1.26B1.28B
NonCurrentDeferredAssets616.00M520.00M756.00M702.00M
NonCurrentDeferredTaxesAssets616.00M520.00M756.00M702.00M
InvestmentsAndAdvances1.63B1.05B844.00M1.65B
InvestmentinFinancialAssets1.63B1.05B844.00M1.65B
AvailableForSaleSecurities1.63B1.05B844.00M1.65B
GoodwillAndOtherIntangibleAssets1.60B1.57B1.55B1.65B
OtherIntangibleAssets453.00M416.00M404.00M421.00M
Goodwill1.15B1.15B1.15B1.23B
NetPPE47.33B40.39B38.59B39.23B
AccumulatedDepreciation-63.11B-56.30B-49.66B-42.78B
GrossPPE110.43B96.69B88.25B82.01B
ConstructionInProgress5.52B3.44B2.46B1.90B
OtherProperties80.67B71.46B66.22B62.03B
MachineryFurnitureEquipment1.65B1.36B1.32B1.12B
BuildingsAndImprovements22.17B20.14B17.97B16.68B
LandAndImprovements420.00M284.00M283.00M280.00M
Properties0.000.000.000.00
CurrentAssets28.84B24.37B21.24B21.78B
OtherCurrentAssets914.00M776.00M820.00M657.00M
AssetsHeldForSaleCurrent13.00M974.00M
Inventory8.36B8.88B8.39B6.66B
FinishedGoods1.09B1.31B1.62B1.03B
WorkInProcess6.40B6.77B6.11B4.83B
RawMaterials860.00M793.00M660.00M805.00M
Receivables9.27B6.62B2.44B5.13B
OtherReceivables1.67B928.00M201.00M114.00M
TaxesReceivable436.00M268.00M194.00M251.00M
AccountsReceivable7.16B5.42B2.05B4.76B
CashCashEquivalentsAndShortTermInvestments10.31B8.11B9.59B9.33B
OtherShortTermInvestments665.00M1.06B1.02B1.07B
CashAndCashEquivalents9.64B7.04B8.58B8.26B
CashEquivalents1.77B387.00M2.81B2.21B
CashFinancial7.88B6.65B5.77B6.05B
Line Item2025-08-312024-08-312023-08-312022-08-31
FreeCashFlow1.67B121.00M-6.12B3.11B
RepurchaseOfCapitalStock0.00-300.00M-425.00M-2.43B
RepaymentOfDebt-4.62B-1.90B-761.00M-2.03B
IssuanceOfDebt4.43B999.00M6.72B2.00B
CapitalExpenditure-15.86B-8.39B-7.68B-12.07B
InterestPaidSupplementalData418.00M503.00M323.00M154.00M
IncomeTaxPaidSupplementalData583.00M338.00M532.00M493.00M
EndCashPosition9.65B7.05B8.66B8.34B
BeginningCashPosition7.05B8.66B8.34B7.83B
EffectOfExchangeRateChanges6.00M40.00M-34.00M-106.00M
ChangesInCash2.59B-1.64B351.00M616.00M
FinancingCashFlow-850.00M-1.84B4.98B-2.98B
CashFlowFromContinuingFinancingActivities-850.00M-1.84B4.98B-2.98B
NetOtherFinancingCharges-139.00M-131.00M-43.00M-55.00M
ProceedsFromStockOptionExercised-125.00M-94.00M
CashDividendsPaid-522.00M-513.00M-504.00M-461.00M
CommonStockDividendPaid-522.00M-513.00M-504.00M-461.00M
NetCommonStockIssuance0.00-300.00M-425.00M-2.43B
CommonStockPayments0.00-300.00M-425.00M-2.43B
NetIssuancePaymentsOfDebt-189.00M-898.00M5.96B-32.00M
NetLongTermDebtIssuance-189.00M-898.00M5.96B-32.00M
LongTermDebtPayments-4.62B-1.90B-761.00M-2.03B
LongTermDebtIssuance4.43B999.00M6.72B2.00B
InvestingCashFlow-14.09B-8.31B-6.19B-11.59B
CashFlowFromContinuingInvestingActivities-14.09B-8.31B-6.19B-11.59B
NetOtherInvestingChanges1.96B282.00M617.00M-251.00M
NetInvestmentPurchaseAndSale-192.00M-205.00M868.00M-155.00M
SaleOfInvestment1.70B1.79B1.59B1.61B
PurchaseOfInvestment-1.89B-2.00B-723.00M-1.77B
NetBusinessPurchaseAndSale0.000.00888.00M0.00
SaleOfBusiness0.000.00888.00M0.00
CapitalExpenditureReported-15.86B-8.39B-7.68B-12.07B
OperatingCashFlow17.52B8.51B1.56B15.18B
CashFlowFromContinuingOperatingActivities17.52B8.51B1.56B15.18B
ChangeInWorkingCapital-666.00M-1.17B-2.91B-1.25B
ChangeInOtherWorkingCapital-50.00M
ChangeInOtherCurrentLiabilities-272.00M989.00M-817.00M400.00M
ChangeInPayablesAndAccruedExpense862.00M1.92B-1.30B334.00M
ChangeInInventory520.00M-488.00M-3.56B-2.18B
ChangeInReceivables-1.78B-3.58B2.76B190.00M
OtherNonCashItems328.00M281.00M19.00M119.00M
StockBasedCompensation972.00M833.00M596.00M514.00M
AssetImpairmentCharge0.000.001.93B0.00
DepreciationAmortizationDepletion8.35B7.78B7.76B7.12B
DepreciationAndAmortization8.35B7.78B7.76B7.12B
OperatingGainsLosses83.00M1.00M
NetIncomeFromContinuingOperations8.54B778.00M-5.83B8.69B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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