Stocks · Technology · Semiconductors
Micron Technology, Inc. MU
$1,074.89 -2.05% Close, Oct 2, 2026 · NASDAQ · Market cap $1.21T
Strong growthHigh qualityStrong trend
Next earnings report: Dec 23, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Revenue over the last four quarters was $133.19B, up 256.3% from a year earlier, accelerating from 167.0% a quarter earlier.
- Diluted EPS over the last four quarters was $74.22, up 877.9% year over year.
- Operating margin widened to 75.0% from 26.4% a year earlier.
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth99Exceptional
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 3%
- EPS growth (TTM, YoY)Top 3%
- FCF growth (TTM, YoY)Top 1%
- Revenue growth, 3-year CAGRTop 3%
- Revenue growth accelerationTop 2%
Quality91Exceptional
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 2%
- Gross marginTop 8%
- Operating marginTop 1%
- Cash conversion (OCF / net income)Bottom 20%
- Accruals (lower is better)Bottom 23%
- Net debt / EBITDA (lower is better)Top 38%
- Interest coverTop 1%
Value73Positive
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 8%
- Free-cash-flow yieldTop 39%
- EBITDA / enterprise valueTop 14%
- Sales / enterprise valueBottom 26%
- P/E vs own 5-year history (lower is better)Top 36%
Momentum99Exceptional
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 1%
- 6-month returnTop 2%
- 1-year return vs S&P 500Top 1%
- Distance from 52-week highTop 25%
- Trend checklist (0–4)Top 18%
Revisions98Exceptional
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 28%
- Consecutive EPS beatsTop 9%
- Share of analysts rating BuyTop 21%
- Upside to consensus price targetTop 33%
Stability37Weak
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 31%
- Maximum drawdown, 3 yearsTop 40%
- Beta vs S&P 500 (lower is better)Bottom 11%
- Net debt / EBITDA (lower is better)Top 38%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 167.0% | 256.3% | ↑ |
| EPS growth (YoY) | 696.0% | 877.9% | ↑ |
| Gross margin | 39.8% | 80.7% | ↑ |
| Operating margin | 26.4% | 75.0% | ↑ |
| FCF margin | 4.5% | 39.7% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 256.3% | 167.0% | ↑ | Top 3% |
| EPS growth (TTM, YoY) | 877.9% | 696.0% | ↑ | Top 3% |
| Gross margin | 80.7% | 39.8% | ↑ | Top 8% |
| Operating margin | 75.0% | 26.4% | ↑ | Top 1% |
| Net margin | 63.8% | 22.8% | ↑ | — |
| Free-cash-flow margin | 39.7% | 4.5% | ↑ | — |
| Return on invested capital | 50.4% | — | Top 2% | |
| Revenue growth, 3-year CAGR | 104.6% | — | Top 3% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.06×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -2.4%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 1.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +34.4 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- -0.31×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 942.5×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.05%
- Net buyback yield (TTM)
- 0.15%
- Shareholder yield
- 0.20%
- Share count change, 1 year
- +2.0%
- Share count change, 3-year CAGR
- +1.6%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Sep 3, 2026 (filed Sep 30, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 14
- Beats in the last 8 reports
- 8 of 8
- Average EPS surprise, last 4
- +19.6%
- Average 2-day reaction, last 8
- -0.8%
- Positive 20 days after report
- 2 of 7
Analysts
- Consensus price target
- $1,554.23
- Target vs current price
- +44.6%
- Analysts with a rating
- 70
- Share rating Buy or Strong Buy
- 83%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Sep 30, 2026 | +5.2% | +0.0% | — | — | — |
| Jun 24, 2026 | +19.7% | -0.3% | +9.7% | -8.8% | -7.1% |
| Mar 18, 2026 | +32.8% | +0.0% | -14.3% | -1.2% | +115.7% |
| Dec 17, 2025 | +20.7% | -3.0% | +18.8% | +44.8% | +90.0% |
| Sep 23, 2025 | +5.9% | +1.1% | -0.4% | +25.6% | +41.2% |
| Jun 25, 2025 | +19.4% | -0.5% | -5.5% | -14.1% | +32.0% |
| Mar 20, 2025 | +9.1% | +0.9% | -9.7% | -32.1% | +13.3% |
| Dec 18, 2024 | +2.3% | -4.3% | -17.8% | -2.6% | -6.3% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Sep 30, 2026 | $33.42 | $31.77 | +5.2% | $54.23B |
| Jun 24, 2026 | $25.11 | $20.98 | +19.7% | $41.46B |
| Mar 18, 2026 | $12.20 | $9.19 | +32.8% | $23.86B |
| Dec 17, 2025 | $4.78 | $3.96 | +20.7% | $13.64B |
| Sep 23, 2025 | $3.03 | $2.86 | +5.9% | $11.31B |
| Jun 25, 2025 | $1.91 | $1.60 | +19.4% | $9.30B |
| Mar 20, 2025 | $1.56 | $1.43 | +9.1% | $8.05B |
| Dec 18, 2024 | $1.79 | $1.75 | +2.3% | $8.71B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 14.5× | 21.8× | 38th | Top 8% |
| P/E (forward) | 6.3× | — | — | — |
| EV / EBITDA | 10.8× | — | — | Top 14% |
| EV / Sales | 8.86× | — | — | Bottom 26% |
| Free-cash-flow yield | 4.36% | — | — | Top 39% |
| Earnings yield | 6.90% | — | — | Top 8% |
P/E over the past five years
Range 6.1× – 150.4× since Sep 2, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +490.1%
- Earnings per share growth (TTM)
- +877.9%
- Change in P/E multiple
- -42.0%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✓ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 14
- Days above the 200-day average
- 337
- 50-day average slope (20 days)
- +1.5%
- 200-day average slope (20 days)
- +13.1%
- Distance from 50-day average
- +12.4%
- Distance from 200-day average
- +57.7%
- RSI (14)
- 59.3
- Relative volume
- 1.04×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 75.2%
- Volatility vs own 5-year history
- 88th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 2.50
- Correlation with S&P 500
- 0.55
- Current drawdown from 1-year high
- -11.4%
- Maximum drawdown, 3 years
- -57.8%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jun 18, 2024 | Apr 4, 2025 | -57.8% | 199 days | 110 days (Sep 12, 2025) |
| Jan 14, 2022 | Sep 26, 2022 | -49.8% | 174 days | 363 days (Mar 7, 2024) |
| Jun 25, 2026 | Jul 29, 2026 | -39.1% | 23 days | Not yet recovered |
| Apr 12, 2021 | Oct 13, 2021 | -30.6% | 129 days | 53 days (Dec 29, 2021) |
| Mar 18, 2026 | Mar 30, 2026 | -30.3% | 8 days | 10 days (Apr 14, 2026) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $1.21T
- P/E (TTM)
- 14.5
- EPS, diluted (TTM)
- $74.22
- Revenue (TTM)
- $133.19B
- Dividend yield
- 0.05%
- 52-week range
- $179.61 – $1,255.00
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Revenue | $30.76B | $15.54B | $25.11B | $37.38B | $133.19B |
| Gross profit | $13.90B | -$1.42B | $5.61B | $14.87B | $107.50B |
| Operating income | $9.70B | -$5.75B | $1.30B | $9.87B | $99.91B |
| Net income | $8.69B | -$5.83B | $778.0M | $8.54B | $84.97B |
| EPS (diluted) | $7.74 | -$5.34 | $0.70 | $7.59 | $74.33 |
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.71B | $8.05B | $9.30B | $11.31B | $13.64B | $23.86B | $41.46B | $54.23B |
| Net income | $1.87B | $1.58B | $1.89B | $3.20B | $5.24B | $13.79B | $28.24B | $37.70B |
| EPS (diluted) | $1.67 | $1.41 | $1.68 | $2.83 | $4.60 | $12.08 | $24.67 | $32.87 |
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Operating cash flow | $15.18B | $1.56B | $8.51B | $17.52B | $89.67B |
| Capital expenditure | -$12.07B | -$7.68B | -$8.39B | -$15.86B | -$30.71B |
| Free cash flow | $3.11B | -$6.12B | $121.0M | $1.67B | $89.67B |
| Dividends paid | -$461.0M | -$504.0M | -$513.0M | -$522.0M | -$610.0M |
| Net share buybacks | -$2.43B | -$425.0M | -$300.0M | $0 | -$1.78B |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $43.43B
- Total assets
- $195.89B
- Total liabilities
- $57.51B
- Total debt
- $4.69B
- Net debt
- -$33.68B
- Shareholders’ equity
- $138.38B
As of Sep 3, 2026 (filed Sep 30, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Oct 14, 2026 | $0.15 | Oct 29, 2026 |
| Jul 6, 2026 | $0.15 | Jul 21, 2026 |
| Mar 30, 2026 | $0.15 | Apr 15, 2026 |
| Dec 29, 2025 | $0.12 | Jan 14, 2026 |
| Oct 3, 2025 | $0.12 | Oct 21, 2025 |
| Jul 7, 2025 | $0.12 | Jul 22, 2025 |
| Mar 31, 2025 | $0.12 | Apr 15, 2025 |
| Dec 30, 2024 | $0.12 | Jan 15, 2025 |
Short interest
- Shares sold short
- 27,633,780
- Days to cover
- 1.10
- Change vs previous report
- -7.0%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- May 2, 2000
- 2-for-1
- May 23, 1995
- 2-for-1
- Apr 19, 1994
- 5-for-2