Micron Technology Inc MU
Stock research in plain language · As of Oct 04, 2026 · updated once a week, after the trading week closes
What the company does
Micron Technology Inc is a mega-cap company in the Technology sector (Semiconductors), with a market value of $1.21T, based in the USA.
It employs about 53,000 people and has been listed since Jun 01, 1984.
Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Japan, Mainland China, Hong Kong, Europe, and internationally. It operates through the Cloud Memory Business Unit; Core Data Center Business Unit; Mobile and Client Business Unit; and Automotive and Embedded Business Unit segments.
Cheap or expensive? relatively cheap
Its price-to-earnings (P/E) is 14.8 versus 36.7 for 4 direct peers — relatively cheap.
Revenue is growing 379% versus the same quarter last year.
On analysts' next-year forecasts the multiple drops to 7.0 — they expect higher earnings.
The average analyst price target is 1520.02, 41% above the current price (their view, not ours).
The stock sits at 83% of its one-year range (0% = the low, 100% = the high).
The risks
- • The stock is more volatile than average (beta 2.2) — big daily moves both ways.
Strengths
- ✅ Profitable — 70 of every 100 dollars of revenue stays as profit.
- ✅ Generates free cash flow — profit becomes cash in the bank.
- ✅ More cash than debt.
- ✅ Most analysts rate it buy (45 vs 1).
- ✅ Revenue is growing 379% a year.
What changed this week
Over the past week the stock fell 0.7% (for comparison: S&P 500 -0.2%, sector ETF XLK +1.8%).
The company published its quarterly report this week — see the plain-language summary above.
This week's news
- CompX (CIX) Has $52 Million in Cash. Why That Alone Doesn’t Make It Cheap finance.yahoo.com · 2026-10-03
- Sandisk (SNDK) Profits Are Surging—Can the AI Storage Boom Sustain Them? finance.yahoo.com · 2026-10-03
- Earnings Scoreboard: all 8 S&P 500 firms beat EPS estimates, 6 saw profits rise Y/Y seekingalpha.com · 2026-10-03
- Is Micron Stock Cheap Enough to Survive Lower Memory Profits? finance.yahoo.com · 2026-10-03
- Notable tech headlines for the week: Micron, Nvidia, Accenture in focus seekingalpha.com · 2026-10-03
- Micron, Snowflake Lead Techs Near Buy Points. Two Consumer Plays Also Are Stocks To Watch. finance.yahoo.com · 2026-10-03
A description of facts from the filings and the market — not investment advice or a recommendation. "Cheap" and "expensive" are always relative to the comparison group.