MU - Micron Technology, Inc.
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$339.09
DETAILS
HIGH:
$450.00
LOW:
$190.00
MEDIAN:
$330.00
CONSENSUS:
$339.09
DOWNSIDE:
6.52%
| Metric | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 13,643.0 | 11,315.0 | 9,301.0 | 8,053.0 | 8,709.0 | 7,750.0 | 6,811.0 | 5,824.0 | 4,726.0 | 4,010.0 |
| Cost of Revenue | 5,991.0 | 6,261.0 | 5,793.0 | 5,090.0 | 5,361.0 | 5,013.0 | 4,979.0 | 4,745.0 | 4,761.0 | 4,445.0 |
| Gross Profit | 7,652.0 | 5,054.0 | 3,508.0 | 2,963.0 | 3,348.0 | 2,737.0 | 1,832.0 | 1,079.0 | (35.0) | (435.0) |
| Operating Expenses | ||||||||||
| R&D Expenses | 1,171.0 | 1,029.0 | 965.0 | 898.0 | 906.0 | 903.0 | 850.0 | 832.0 | 865.0 | 719.0 |
| SG&A Expenses | 337.0 | 314.0 | 318.0 | 285.0 | 288.0 | 295.0 | 291.0 | 280.0 | 263.0 | 219.0 |
| Other Expenses | 0.0 | (43.0) | 56.0 | 7.0 | (20.0) | 17.0 | (28.0) | (224.0) | (35.0) | 99.0 |
| Operating Expenses | 1,508.0 | 1,300.0 | 1,339.0 | 1,190.0 | 1,174.0 | 1,215.0 | 1,113.0 | 888.0 | 1,093.0 | 1,037.0 |
| Operating Income | ||||||||||
| Operating Income | 6,144.0 | 3,754.0 | 2,169.0 | 1,773.0 | 2,174.0 | 1,522.0 | 719.0 | 191.0 | (1,128.0) | (1,472.0) |
| Interest Expense | 74.0 | 124.0 | 123.0 | 112.0 | 118.0 | 136.0 | 150.0 | 144.0 | 132.0 | 129.0 |
| Interest Income | 139.0 | 146.0 | 135.0 | 108.0 | 107.0 | 131.0 | 136.0 | 130.0 | 132.0 | 134.0 |
| Profitability | ||||||||||
| EBITDA | 8,347.0 | 5,945.0 | 4,330.0 | 3,817.0 | 4,204.0 | 3,431.0 | 2,636.0 | 2,074.0 | 787.0 | 476.0 |
| EBIT | 6,135.0 | 3,761.0 | 2,236.0 | 1,773.0 | 2,174.0 | 1,527.0 | 681.0 | 191.0 | (1,128.0) | (1,375.0) |
| Income Before Tax | 6,069.0 | 3,637.0 | 2,113.0 | 1,760.0 | 2,153.0 | 1,510.0 | 709.0 | 171.0 | (1,161.0) | (1,454.0) |
| Income Tax Expense | 829.0 | 429.0 | 235.0 | 177.0 | 283.0 | 623.0 | 377.0 | (622.0) | 73.0 | (24.0) |
| Net Income | 5,240.0 | 3,201.0 | 1,885.0 | 1,583.0 | 1,870.0 | 887.0 | 332.0 | 793.0 | (1,234.0) | (1,430.0) |
| Per Share Data | ||||||||||
| EPS (Basic) | 4.66 | 2.86 | 1.69 | 1.42 | 1.68 | 0.80 | 0.30 | 0.72 | -1.12 | -1.31 |
| EPS (Diluted) | 4.60 | 2.83 | 1.68 | 1.41 | 1.67 | 0.79 | 0.30 | 0.71 | -1.12 | -1.31 |
| Shares Outstanding | 1,125.0 | 1,116.0 | 1,118.0 | 1,115.0 | 1,111.0 | 1,108.0 | 1,107.0 | 1,104.0 | 1,100.0 | 1,095.0 |
| Metric | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 8,813.0 | 9,642.0 | 10,163.0 | 7,552.0 | 6,693.0 | 7,041.0 | 7,594.0 | 8,016.0 | 8,075.0 | 8,577.0 |
| Short-Term Investments | 1,506.0 | 665.0 | 648.0 | 663.0 | 895.0 | 1,065.0 | 785.0 | 990.0 | 973.0 | 1,017.0 |
| Net Receivables | 10,184.0 | 9,265.0 | 7,436.0 | 6,504.0 | 7,423.0 | 6,615.0 | 5,131.0 | 4,296.0 | 2,943.0 | 2,443.0 |
| Inventory | 8,205.0 | 8,355.0 | 8,727.0 | 9,007.0 | 8,705.0 | 8,875.0 | 8,512.0 | 8,443.0 | 8,276.0 | 8,387.0 |
| Other Current Assets | 957.0 | 914.0 | 945.0 | 963.0 | 777.0 | 776.0 | 1,297.0 | 1,690.0 | 791.0 | 820.0 |
| Total Current Assets | 29,665.0 | 28,841.0 | 27,919.0 | 24,689.0 | 24,493.0 | 24,372.0 | 23,319.0 | 23,435.0 | 21,058.0 | 21,244.0 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 49,177.0 | 47,326.0 | 45,401.0 | 43,165.0 | 42,098.0 | 40,394.0 | 38,586.0 | 38,229.0 | 38,325.0 | 38,594.0 |
| Goodwill | 1,150.0 | 1,150.0 | 1,150.0 | 1,150.0 | 1,150.0 | 1,150.0 | 1,150.0 | 1,150.0 | 1,150.0 | 1,150.0 |
| Intangible Assets | 465.0 | 453.0 | 426.0 | 423.0 | 419.0 | 416.0 | 413.0 | 414.0 | 416.0 | 404.0 |
| Long-Term Investments | 1,698.0 | 1,629.0 | 1,402.0 | 1,375.0 | 1,156.0 | 1,046.0 | 775.0 | 627.0 | 720.0 | 844.0 |
| Other Non-Current Assets | 3,175.0 | 2,783.0 | 1,616.0 | 1,699.0 | 1,671.0 | 1,518.0 | 1,415.0 | 1,199.0 | 1,326.0 | 1,262.0 |
| Total Non-Current Assets | 56,306.0 | 53,957.0 | 50,478.0 | 48,364.0 | 46,968.0 | 45,044.0 | 42,936.0 | 42,283.0 | 42,718.0 | 43,010.0 |
| Total Assets | 85,971.0 | 82,798.0 | 78,397.0 | 73,053.0 | 71,461.0 | 69,416.0 | 66,255.0 | 65,718.0 | 63,776.0 | 64,254.0 |
| Current Liabilities | ||||||||||
| Account Payables | 3,227.0 | 3,132.0 | 2,757.0 | 2,383.0 | 2,520.0 | 2,726.0 | 1,951.0 | 1,913.0 | 1,721.0 | 1,725.0 |
| Short-Term Debt | 637.0 | 634.0 | 0.0 | 0.0 | 106.0 | 106.0 | 106.0 | 106.0 | 693.0 | 106.0 |
| Deferred Revenue | 0.0 | 26.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Current Liabilities | 6,353.0 | 5,918.0 | 836.0 | 1,197.0 | 1,356.0 | 1,518.0 | 1,297.0 | 1,235.0 | 1,108.0 | 529.0 |
| Total Current Liabilities | 12,060.0 | 11,454.0 | 10,135.0 | 7,877.0 | 9,015.0 | 9,248.0 | 6,840.0 | 6,259.0 | 5,962.0 | 4,765.0 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 8,844.0 | 14,017.0 | 12,434.0 | 11,541.0 | 11,200.0 | 11,237.0 | 11,226.0 | 11,912.0 | 11,331.0 | 11,943.0 |
| Deferred Tax Liabilities | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Non-Current Liabilities | 2,101.0 | 1,443.0 | 1,308.0 | 1,257.0 | 1,239.0 | 911.0 | 1,049.0 | 956.0 | 1,026.0 | 987.0 |
| Total Non-Current Liabilities | 15,105.0 | 17,179.0 | 17,514.0 | 16,543.0 | 15,649.0 | 15,037.0 | 15,190.0 | 15,589.0 | 14,929.0 | 15,369.0 |
| Total Liabilities | 27,165.0 | 28,633.0 | 27,649.0 | 24,420.0 | 24,664.0 | 24,285.0 | 22,030.0 | 21,848.0 | 20,891.0 | 20,134.0 |
| Stockholders' Equity | ||||||||||
| Common Stock | 127.0 | 127.0 | 126.0 | 126.0 | 126.0 | 125.0 | 125.0 | 125.0 | 124.0 | 124.0 |
| Retained Earnings | 53,344.0 | 48,583.0 | 45,559.0 | 43,839.0 | 42,427.0 | 40,877.0 | 40,169.0 | 39,997.0 | 39,356.0 | 40,824.0 |
| Accumulated Other Comprehensive Income | (123.0) | (32.0) | (45.0) | (191.0) | (221.0) | (134.0) | (311.0) | (264.0) | (260.0) | (312.0) |
| Total Stockholders' Equity | 58,806.0 | 54,165.0 | 50,748.0 | 48,633.0 | 46,797.0 | 45,131.0 | 44,225.0 | 43,870.0 | 42,885.0 | 44,120.0 |
| Total Liabilities & Equity | 85,971.0 | 82,798.0 | 78,397.0 | 73,053.0 | 71,461.0 | 69,416.0 | 66,255.0 | 65,718.0 | 63,776.0 | 64,254.0 |
| Debt Metrics | ||||||||||
| Total Debt | 12,493.0 | 15,278.0 | 16,141.0 | 14,954.0 | 14,373.0 | 14,007.0 | 13,867.0 | 14,315.0 | 14,106.0 | 13,933.0 |
| Net Debt | 3,680.0 | 5,636.0 | 5,978.0 | 7,402.0 | 7,680.0 | 6,966.0 | 6,273.0 | 6,299.0 | 6,031.0 | 5,356.0 |
| Metric | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 5,240.0 | 3,201.0 | 1,885.0 | 1,583.0 | 1,870.0 | 887.0 | 332.0 | 793.0 | (1,234.0) | (1,430.0) |
| Depreciation & Amortization | 2,212.0 | 2,149.0 | 2,094.0 | 2,079.0 | 2,030.0 | 1,986.0 | 1,955.0 | 1,924.0 | 1,915.0 | 1,937.0 |
| Stock-Based Compensation | 290.0 | 262.0 | 253.0 | 249.0 | 220.0 | 213.0 | 219.0 | 213.0 | 188.0 | 148.0 |
| Change in Working Capital | 431.0 | 130.0 | 377.0 | 1,049.0 | (1,049.0) | 319.0 | (24.0) | (1,711.0) | 460.0 | (518.0) |
| Other Non-Cash Items | 238.0 | (12.0) | 0.0 | (1,018.0) | 173.0 | 0.0 | 0.0 | 5,185.0 | 72.0 | 11.0 |
| Operating Cash Flow | 8,411.0 | 5,730.0 | 4,609.0 | 3,942.0 | 3,244.0 | 3,405.0 | 2,482.0 | 1,219.0 | 1,401.0 | 249.0 |
| Investing Activities | ||||||||||
| Capital Expenditure | (5,389.0) | (5,658.0) | (2,938.0) | 3,206.0 | (3,206.0) | (3,120.0) | (2,086.0) | (1,384.0) | (1,796.0) | (1,461.0) |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1,796.0 | 1,461.0 |
| Purchases of Investments | (255.0) | (687.0) | (387.0) | (439.0) | (377.0) | (889.0) | (645.0) | (266.0) | (199.0) | (227.0) |
| Sales/Maturities of Investments | 268.0 | 449.0 | 375.0 | 446.0 | 428.0 | 361.0 | 707.0 | 352.0 | 374.0 | 399.0 |
| Other Investing Activities | 782.0 | 698.0 | 361.0 | 896.0 | 7.0 | 50.0 | 22.0 | 147.0 | (1,733.0) | (1,002.0) |
| Investing Cash Flow | (4,594.0) | (5,198.0) | (2,589.0) | (3,152.0) | (3,148.0) | (3,598.0) | (2,002.0) | (1,151.0) | (1,558.0) | (830.0) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (2,943.0) | (1,015.0) | 770.0 | 140.0 | (84.0) | (81.0) | (715.0) | (49.0) | (53.0) | (55.0) |
| Stock Repurchased | (300.0) | 0.0 | 0.0 | 0.0 | 0.0 | (300.0) | 0.0 | 0.0 | 0.0 | 0.0 |
| Dividends Paid | (134.0) | (130.0) | (131.0) | (130.0) | (131.0) | (129.0) | (128.0) | (127.0) | (129.0) | (126.0) |
| Other Financing Activities | (368.0) | 81.0 | (99.0) | 86.0 | (207.0) | 36.0 | (67.0) | 70.0 | (170.0) | 69.0 |
| Financing Cash Flow | (3,745.0) | (1,064.0) | 540.0 | 96.0 | (422.0) | (474.0) | (910.0) | (106.0) | (352.0) | (112.0) |
| Cash Position | ||||||||||
| Net Change in Cash | 86.0 | 543.0 | 2,606.0 | 866.0 | (355.0) | (612.0) | (437.0) | (45.0) | (510.0) | (714.0) |
| Cash at Beginning | 9,646.0 | 9,099.0 | 7,563.0 | 6,697.0 | 7,052.0 | 7,664.0 | 8,101.0 | 8,146.0 | 8,656.0 | 9,370.0 |
| Cash at End | 9,732.0 | 9,642.0 | 10,169.0 | 7,563.0 | 6,697.0 | 7,052.0 | 7,664.0 | 8,101.0 | 8,146.0 | 8,656.0 |
| Free Cash Flow | 3,022.0 | 72.0 | 1,671.0 | 7,148.0 | 38.0 | 285.0 | 396.0 | (165.0) | (395.0) | (1,212.0) |
| Key Metrics | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 13,643.0 | 11,315.0 | 9,301.0 | 8,053.0 | 8,709.0 | 7,750.0 | 6,811.0 | 5,824.0 | 4,726.0 | 4,010.0 |
| Gross Profit | 7,652.0 | 5,054.0 | 3,508.0 | 2,963.0 | 3,348.0 | 2,737.0 | 1,832.0 | 1,079.0 | (35.0) | (435.0) |
| Operating Income | 6,144.0 | 3,754.0 | 2,169.0 | 1,773.0 | 2,174.0 | 1,522.0 | 719.0 | 191.0 | (1,128.0) | (1,472.0) |
| Net Income | 5,240.0 | 3,201.0 | 1,885.0 | 1,583.0 | 1,870.0 | 887.0 | 332.0 | 793.0 | (1,234.0) | (1,430.0) |
| EPS (Diluted) | 4.60 | 2.83 | 1.68 | 1.41 | 1.67 | 0.79 | 0.30 | 0.71 | -1.12 | -1.31 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 8,813.0 | 9,642.0 | 10,163.0 | 7,552.0 | 6,693.0 | 7,041.0 | 7,594.0 | 8,016.0 | 8,075.0 | 8,577.0 |
| Total Assets | 85,971.0 | 82,798.0 | 78,397.0 | 73,053.0 | 71,461.0 | 69,416.0 | 66,255.0 | 65,718.0 | 63,776.0 | 64,254.0 |
| Total Debt | 12,493.0 | 15,278.0 | 16,141.0 | 14,954.0 | 14,373.0 | 14,007.0 | 13,867.0 | 14,315.0 | 14,106.0 | 13,933.0 |
| Stockholders' Equity | 58,806.0 | 54,165.0 | 50,748.0 | 48,633.0 | 46,797.0 | 45,131.0 | 44,225.0 | 43,870.0 | 42,885.0 | 44,120.0 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 8,411.0 | 5,730.0 | 4,609.0 | 3,942.0 | 3,244.0 | 3,405.0 | 2,482.0 | 1,219.0 | 1,401.0 | 249.0 |
| Capital Expenditure | (5,389.0) | (5,658.0) | (2,938.0) | 3,206.0 | (3,206.0) | (3,120.0) | (2,086.0) | (1,384.0) | (1,796.0) | (1,461.0) |
| Free Cash Flow | 3,022.0 | 72.0 | 1,671.0 | 7,148.0 | 38.0 | 285.0 | 396.0 | (165.0) | (395.0) | (1,212.0) |