Micron Technology Inc (MU · NASDAQ)
MU · MARKET VIEW
Market view · as of Sep 21, 2026
Price (last ~year)
Micron's momentum accelerated sharply through fiscal 2026, with quarterly revenue climbing from $11.31B in the August 2025 quarter to $41.46B in the May 2026 quarter, driving revenue growth of 345.7% YoY and earnings growth of 1369.0% on a TTM revenue base of $90.27B. The company beat estimates in all four of its last earnings reports, most recently reporting $24.89 versus a $20.98 estimate, and generated $17.56B in free cash flow in the quarter ended May 31, 2026 while carrying minimal leverage at 0.1x debt/EBITDA. Shares closed at $1015.80, up 3.9% on the day and sitting 58.7% above the 200-day moving average, though still 16.3% below their 52-week high. A notable operational risk emerged as hundreds of Taiwan-based workers threatened to strike over a rejected fiscal 2026 bonus offer despite the company's surging profits.
Valuation
- Market cap
- $1.15T
- P/E
- 22.94
- PEG
- 0.149
- P/B
- 11.39
- P/S
- 12.71
- EV/EBITDA
- 16.51
- Beta
- 2.222
- Analyst target
- $1513.11
Quality & returns
- Gross margin
- 72.6%
- Operating margin
- 80.4%
- Profit margin
- 55.9%
- ROE
- 66.6%
- ROA
- 34.9%
Price movement
- Last
- $1015.80
- 1-month
- +4.3%
- 3-month
- -3.1%
- RSI (14)
- 61
- vs SMA200
- +58.7%
- 52-wk position
- 81.3% -16.3% vs high
Quarterly trajectory
Revenue by quarter (oldest → newest)
| Quarter | Revenue | Op income | Net income | EBITDA |
|---|---|---|---|---|
| 2026-05-31 | $41.46B | $33.32B | $28.24B | $35.58B |
| 2026-02-28 | $23.86B | $16.14B | $13.79B | $18.48B |
| 2025-11-30 | $13.64B | $6.14B | $5.24B | $8.35B |
| 2025-08-31 | $11.31B | $3.75B | $3.20B | $5.95B |
Recent news
- Somewhat-Bullish Synopsys Senior VP: "AI Chip Thermal Challenges Must Be Solved Through System-Level Simulation" · 2026-09-20
- Bullish Keysight Technologies Sees AI Data-Center Boom, Targets 6G and Defense Growth · 2026-09-19
- Bullish Stifel reiterates Buy on Hillman Solutions stock, $12 target · 2026-09-19
- Bullish Ross Gerber Sees Jensen Huang’s Charisma As Part Of Nvidia’s Edge, Says ‘This Is Why I Own Nvidia’ After Dreamforce Exchange With Marc Benioff: 'Big is Unnecessary' · 2026-09-18
- Bearish Micron's Taiwan Workers Threaten Strike Over Insufficient Bonus: Report - Micron Technology (NASDAQ:MU) · 2026-09-18
- Bullish Jim Cramer on Reformation (REF): “It Should Be Higher Than It Is” · 2026-09-18
Sources this view read
- fundamentals Company overview & valuation (Alpha Vantage OVERVIEW)
- filing Quarterly financial statements (Alpha Vantage INCOME/BALANCE/CASH)
- earnings Reported earnings history (Alpha Vantage EARNINGS)
- prices Adjusted daily prices (Alpha Vantage TIME_SERIES_DAILY_ADJUSTED)