Micron Technology (MU)
Information Technology · Memory and storage semiconductors
A memory and storage semiconductor leader capitalizing on AI-driven data center demand with high-margin DRAM, NAND, and NOR products.
What Micron Technology does
Micron Technology is an industry-leading designer and manufacturer of memory and storage solutions including DRAM, NAND, and NOR semiconductor devices. The company serves data centers, client PCs, mobile devices, automotive, industrial, and consumer markets with a diversified portfolio spanning volatile and non-volatile memory products. Micron operates wholly-owned manufacturing facilities globally alongside strategic subcontracting, investing heavily in proprietary process technology to increase bit density and reduce per-bit costs. The company is currently benefiting from substantial AI-driven demand in data centers that outpaces industry supply, driving improved pricing power and profitability.
Themes: ["AI infrastructure and data center","Memory supply chain","AI-driven semiconductor demand","Cloud computing infrastructure","Data center upgrades"]
Fundamentals
- Price$991.64 as of 2026-07-09 close
- Market cap$1.15T as of 2026-07-10
- 1-year return+711.2% as of 2026-07-09 close
- P/E22.81 as of 2026-07-10
- Net margin+55.9% as of 2026-07-10
- Gross margin+72.6% as of 2026-07-10
- ROE+70.5% as of 2026-07-10
- Debt / equity0.06 as of 2026-07-10
- Revenue growth (YoY)+167.0% as of 2026-07-10
- Revenue CAGR (3y)+6.7% SEC XBRL
- Beta2.21 as of 2026-07-10
Dividend: yield +0.1%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Intense competition in semiconductor memory and storage markets requiring continuous innovation and cost reduction despite inflationary pressures and regulatory uncertainty","Heavy dependence on obtaining returns from substantial R&D investments and efficient manufacturing utilization amid rapidly changing technologies and market conditions","Supply constraints and allocation decisions may impact customer satisfaction and certain end markets as demand growth outpaces industry supply capacity"]
Competitors & peers
- Samsung Electronics
- SK Hynix
- Kioxia
- Western Digital
- Intel
- Broadcom
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.