Micron Technology Inc (MU · NASDAQ)
MU · MARKET VIEW
Market view · as of Sep 28, 2026
Price (last ~year)
Micron's quarterly results show steep acceleration, with revenue climbing from $11.31B in the August 2025 quarter to $41.46B in the May 2026 quarter, while net income rose from $3.20B to $28.24B over the same span. The company has beaten earnings estimates four straight quarters, most recently reporting $25.11 versus $20.98 expected, and trailing metrics include 345.7% revenue growth, a 55.9% profit margin, and $17.56B in quarterly free cash flow. The balance sheet carries just $6.38B of total debt against $25.00B in cash, with a 3.42 current ratio. Shares closed at $1,082.28, up 15.7% over the past month but 10.8% below their 52-week high, ahead of an upcoming Q4 fiscal 2026 report that coverage links to AI-driven memory demand.
Valuation
- Market cap
- $1.22T
- P/E
- 24.45
- PEG
- 0.16
- P/B
- 12.29
- P/S
- 13.54
- EV/EBITDA
- 17.84
- Beta
- 2.222
- Analyst target
- $1515.54
Quality & returns
- Gross margin
- 72.6%
- Operating margin
- 80.4%
- Profit margin
- 55.9%
- ROE
- 66.6%
- ROA
- 34.9%
Price movement
- Last
- $1082.28
- 1-month
- +15.7%
- 3-month
- +4.9%
- RSI (14)
- 59
- vs SMA200
- +63.7%
- 52-wk position
- 87.6% -10.8% 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 NVIDIA Corporation $NVDA Stock Bought by Kelleher Financial Advisors · 2026-09-28
- Somewhat-Bullish Nvidia, Micron, Alphabet, Oracle and Adobe are part of Zacks Earnings Preview · 2026-09-28
- Bullish Micron Earnings: What to Expect as AI Demand Drives Growth · 2026-09-28
- Bullish Sandisk Announces $14 Billion Buyback Plan · 2026-09-28
- Somewhat-Bullish Why is Intel Corporation (INTC) up over 33%? Is the Rally Sustainable? · 2026-09-27
- Neutral Micron Reports: But 6 Stocks May Swing More This Week - Nike (NYSE:NKE), Carnival (NYSE:CCL) · 2026-09-27
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)