Stock Analysis
Micron Technology, Inc.MU
P/E 19.67×· 5Y range 5.53–50.07×· 44th percentile of history
Sector: Technology · Industry: Semiconductors
AnalystsStrong Buy58 analystsP/E 19.7× sits at the 44th percentile of its 5.089664613278576-year history.
Cash covers 839% of debt · FY 2026.
PMP Verdict
High quality, fairly valued
Strengths
- Growth100
- Profitability100
Risks
- Quality46
Strong fundamentals at a reasonable valuation.
Market context
-5.6% today· Z 2.2σ
Bull Case
- ✓Piotroski F-Score 8/9 — high earnings quality
- ✓Altman Z 14.1 — safe-zone balance sheet
- ✓ROE 36.5% — efficient capital deployment
- ✓Revenue CAGR 44.3% — durable top-line growth
What's happening with MU
Profile
Strong growth, profitability and financial health; valuation, moat and earnings quality lag behind.
How is each axis scored?
- Valuation34/100 · Weak
- P/E vs own history (44th pct)12/25
- FCF yield (2.7%)5/25
- P/S (10.9x)5/25
- EV/EBIT (16.0x)12/25
- Growth100/100 · Strong
- Revenue CAGR (44.3%)25/25
- Net income CAGR (76.8%)25/25
- EPS CAGR 5Y (76.0%)25/25
- Fwd implied growth (199.3%)25/25
- Profitability100/100 · Strong
- ROIC (46.7%)25/25
- ROE (36.5%)25/25
- Net margin (55.9%)25/25
- Operating margin (65.6%)25/25
- Financial Health75/100 · Strong
- Altman Z (14.09)25/25
- Current ratio (3.31)25/25
- Interest coverage (-0.5x)0/25
- Net cash / debt (Net cash)25/25
- Quality46/100 · Weak
- Piotroski F (8/9)25/25
- Beneish M (0.36)0/25
- FCF conversion (52%)15/25
- Margin stability (σ 24.7%)6/25
- Moat44/100 · Weak
- ROIC >12% years (6/10 yrs)13/25
- Median gross margin (40.7%)13/25
- FCF-positive years (9/10 yrs)18/25
- Worst-year net margin (worst -37.5%)0/25
Risk Flags
- ⚠Beneish M 0.36 — earnings-manipulation flag
- ⚠Interest coverage -0.5× — thin debt cushion
About Micron Technology, Inc.
Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Show more
Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.
Headquarters: BOISE, ID · Employees: 53,000 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
34DP/E (TTM)19.5xB
Grade B: FairPrice / TTM EPS (own statements) — vs own 5Y history: 5.5x–50.1x · 44th pct
P/FCF17.5xB
Grade B: FairPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield2.7%C
Grade C: LowTTM (OCF − CapEx) / Market Cap — vs own 5Y history: -7.2%–8.8% · 79th pct
P/S (TTM)10.94xD
Grade D: ExpensivePrice / TTM Revenue (own statements) — vs own 5Y history: 1.7x–18.2x · 91st pct
EV/EBIT16.0xB
Grade B: FairEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 4.7x–40.8x · 40th pct
EV/Sales7.5xC
Grade C: ExpensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E6.5xA
Grade A: CheapPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio7.13xC
Grade C: ExpensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio0.15A
Grade A: CheapFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield0.06%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio0.7%A
Grade A: SafeDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
100A+ROIC46.7%A
Grade A: MoatNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE36.5%A
Grade A: StrongReturn on Equity. Neg. equity = heavy buybacks
ROA65.7%A
Grade A: StrongReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin55.9%A
Grade A: HighNet Income / Revenue
Operating Margin65.6%A
Grade A: HighTTM EBIT / TTM Revenue
Gross Margin72.6%A
Grade A: PremiumGross Profit / Revenue
FCF Margin29.0%A
Grade A: HighFCF / Revenue
True FCF Margin27.7%A
Grade A: HighTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
100A+Revenue CAGR44.3%A
Grade A: HighCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR76.8%A
Grade A: HighCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)76.0%A
Grade A: HighCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth199.3%A
Grade A: HighAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)-1.0%B
Grade B: FlatShare count change over 5Y
SBC / Net Income2.4%A
Grade A: LowStock-based comp/Net income. >30% = dilution risk
SBC / Revenue1.3%A
Grade A: LowTTM stock-based comp / TTM Revenue
Financial Health
75B+Altman Z-Score14.09A
Grade A: SafeBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio3.31xA
Grade A: HighCurrent Assets/Liabilities
Quick Ratio2.94xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage-0.5xD
Grade D: RiskyEBIT/Interest. >10 Strong
Debt RepaymentNet CashA
Grade A: FastYears to repay net debt via FCF
Net Debt/EBITNet CashA
Grade A: LowLeverage. <2x Low, >4x High
Debt/Equity0.04xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt8.39xA
Grade A: CoveredCash covers how much of total debt. >1 = could repay all debt from cash
Quality
46D+Piotroski F-Score8/9A
Grade A: StrongFinancial strength 0–9. >7 Strong
Beneish M-Score0.36D
Grade D: RiskyEarnings manipulation risk. < -2.22 Safe
FCF Conversion51.9%C
Grade C: AverageFCF / Net Income
Margin Stability24.7%D
Grade D: VolatileEBIT margin std deviation. Lower = stable
Capex / Revenue28.0%D
Grade D: HeavyTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover1.03xA
Grade A: HighRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
ALLEN SCOTT R. Filed | ALLEN SCOTT R. | Tax withholding | -218 | |
ALLEN SCOTT R. Filed | ALLEN SCOTT R. | Tax withholding | -583 | |
RAY MICHAEL CHARLES Filed | RAY MICHAEL CHARLES | SellOpen market sale | -40 | |
RAY MICHAEL CHARLES Filed | RAY MICHAEL CHARLES | SellOpen market sale | -120 | |
RAY MICHAEL CHARLES Filed | RAY MICHAEL CHARLES | SellOpen market sale | -200 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
RAY MICHAEL CHARLES Filed | RAY MICHAEL CHARLES | SellOpen market sale | -240 | |
RAY MICHAEL CHARLES Filed | RAY MICHAEL CHARLES | SellOpen market sale | -320 | |
RAY MICHAEL CHARLES Filed | RAY MICHAEL CHARLES | SellOpen market sale | -200 |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
44D+ROIC >12% Years6/10 yrsC
Grade C: ModerateShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)40.7%C
Grade C: ModerateMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years9/10 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor-37.5%D
Grade D: WeakWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$44.69
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$38.46
Cash & short-term investments per share (Finnhub)
Book Value / Share$122.52
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$5.18B
Total debt obligations (short + long term)
Cash & Equiv.$43.43B
Cash and short-term investments
Net Debt$-38.26BA
Grade A: Net CashTotal Debt minus Cash. Negative = Net Cash position
Total Equity$138.38B
Shareholders' equity (book value)
Asset / Liability3.41xA
Grade A: SolidTotal Assets / Total Liabilities
Market
Market Cap$987.17B
Current Market Capitalization
Beta2.38D
Grade D: High volatilityPrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Sep 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Micron Technology, Inc. (MU)
MU is down 5.63% at the last close. Micron Technology, Inc. meets 8 of 9 Piotroski F-Score criteria, placing its fundamental strength in the top tier of US-listed stocks. Altman Z-Score of 14.09 sits comfortably in the safe zone (≥ 2.99), indicating low bankruptcy risk. Beneish M-Score of 0.36 is above the −1.78 flag threshold, a signal that reported earnings warrant closer scrutiny. Revenue has compounded at roughly 44% annually, with net income growing about 77% per year — a strong growth profile.
- Micron Technology, Inc. converts about 29% of revenue into free cash flow — strong cash generation.
- Company is effectively debt-free after netting cash.
- Interest coverage of -0.5× leaves little room for earnings shocks.
- Micron Technology, Inc. posted a net loss in 1 of 10 available completed fiscal years (2017–2026).
- Return on equity of 36.5% is well above the market average.
See how MU ranks on the Capex Tracker — top 50 capital spenders compared.
Earnings
View earnings calendar →Recent Earnings Results
| Date | Time | EPS Est. | EPS Actual | Surprise | Rev Est. | Rev Actual |
|---|---|---|---|---|---|---|
| Sep 30, 2026 | After-Hrs | $32.56 | $33.42 | +2.6% | $52.6B | $54.2B |
Recent Market Moves
See all MU moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 16 | After-hours | 872.50 | -6.31% | -2.18 |
| Oct 14 | After-hours | 890.02 | -6.63% | -2.31 |
| Oct 12 | After-hours | 975.70 | -5.18% | -2.16 |
| Oct 8 | Regular | 1,033.54 | -5.01% | -2.07 |
Frequently Asked Questions about MU
What is the current Micron Technology, Inc. (MU) stock price?
MU is trading at $878.84 at the last market close, down 5.63% on the session. PreMarketPrice tracks MU pre-market, intraday and after-hours prices.
Is MU stock a buy right now?
PreMarketPrice's quantitative model rates Micron Technology, Inc.'s financial health at 75/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is MU stock overvalued?
Micron Technology, Inc. trades at a trailing P/E of 19.5 and our valuation score rates it 34/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Micron Technology, Inc. report earnings?
No confirmed earnings date is currently scheduled for MU. The Earnings section lists recent reports and updates as dates are announced.
What sector does Micron Technology, Inc. operate in?
Micron Technology, Inc. operates in the Technology sector, within the Semiconductors industry. The Related Stocks section lists sector peers for comparison.
What does Micron Technology, Inc. do?
Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips.
About Micron Technology, Inc. (MU) Stock
Micron Technology, Inc. (MU) is a US-listed stock operating in the Technology sector, specifically the Semiconductors industry. As of the latest update, Micron Technology, Inc. is trading at $878.84, down 5.63% on the day with a market capitalization of $987.2 billion. The financial health score for MU is 75/100, which indicates excellent financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for MU stock.
MU Stock Analysis & Key Metrics
On PreMarketPrice, you can track Micron Technology, Inc. (MU) across multiple dimensions:
- Pre-market price & movement: Real-time MU stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Earnings calendar: Upcoming and past earnings reports for MU, including EPS estimates, actual results, and surprise percentages.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for MU with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Micron Technology, Inc. across multiple reporting periods.
- Financial health score: A composite score of 75/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for MU.
- Sector peers: Compare MU against 6 other technology stocks on key financial metrics.
Is MU a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Micron Technology, Inc. (MU) as an investment. The financial health score of 75/100 suggests excellent financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average. Earnings data reveals whether the company is meeting or beating analyst expectations.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Micron Technology, Inc. (MU) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.