MICRON TECHNOLOGY INC (MU) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:MU • US5951121038

379.4 USD
-40.04 (-9.55%)
At close: Feb 4, 2026
384.95 USD
+5.55 (+1.46%)
Pre-Market: 2/5/2026, 4:45:00 AM
Fundamental Rating

7

Taking everything into account, MU scores 7 out of 10 in our fundamental rating. MU was compared to 113 industry peers in the Semiconductors & Semiconductor Equipment industry. While MU belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. MU is growing strongly while it also seems undervalued. This is an interesting combination With these ratings, MU could be worth investigating further for value and growth investing!.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • MU had positive earnings in the past year.
  • In the past year MU had a positive cash flow from operations.
  • Of the past 5 years MU 4 years were profitable.
  • MU had a positive operating cash flow in each of the past 5 years.
MU Yearly Net Income VS EBIT VS OCF VS FCFMU Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B -5B 10B 15B

1.2 Ratios

  • MU's Return On Assets of 13.85% is amongst the best of the industry. MU outperforms 86.73% of its industry peers.
  • MU's Return On Equity of 20.25% is amongst the best of the industry. MU outperforms 86.73% of its industry peers.
  • The Return On Invested Capital of MU (14.22%) is better than 87.61% of its industry peers.
Industry RankSector Rank
ROA 13.85%
ROE 20.25%
ROIC 14.22%
ROA(3y)0.79%
ROA(5y)5.08%
ROE(3y)1.42%
ROE(5y)7%
ROIC(3y)N/A
ROIC(5y)N/A
MU Yearly ROA, ROE, ROICMU Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 30 40

1.3 Margins

  • MU's Profit Margin of 28.15% is amongst the best of the industry. MU outperforms 86.73% of its industry peers.
  • In the last couple of years the Profit Margin of MU has grown nicely.
  • MU has a better Operating Margin (32.68%) than 91.15% of its industry peers.
  • In the last couple of years the Operating Margin of MU has grown nicely.
  • The Gross Margin of MU (45.31%) is comparable to the rest of the industry.
  • MU's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 32.68%
PM (TTM) 28.15%
GM 45.31%
OM growth 3Y-5.79%
OM growth 5Y13.08%
PM growth 3Y-6.83%
PM growth 5Y12.75%
GM growth 3Y-4.15%
GM growth 5Y5.42%
MU Yearly Profit, Operating, Gross MarginsMU Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MU is still creating some value.
  • The number of shares outstanding for MU has been increased compared to 1 year ago.
  • The number of shares outstanding for MU has been increased compared to 5 years ago.
  • The debt/assets ratio for MU has been reduced compared to a year ago.
MU Yearly Shares OutstandingMU Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
MU Yearly Total Debt VS Total AssetsMU Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B

2.2 Solvency

  • MU has an Altman-Z score of 11.57. This indicates that MU is financially healthy and has little risk of bankruptcy at the moment.
  • MU has a Altman-Z score of 11.57. This is in the better half of the industry: MU outperforms 76.11% of its industry peers.
  • The Debt to FCF ratio of MU is 2.53, which is a good value as it means it would take MU, 2.53 years of fcf income to pay off all of its debts.
  • With a decent Debt to FCF ratio value of 2.53, MU is doing good in the industry, outperforming 64.60% of the companies in the same industry.
  • A Debt/Equity ratio of 0.19 indicates that MU is not too dependend on debt financing.
  • MU has a Debt to Equity ratio of 0.19. This is comparable to the rest of the industry: MU outperforms 47.79% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 2.53
Altman-Z 11.57
ROIC/WACC1.31
WACC10.86%
MU Yearly LT Debt VS Equity VS FCFMU Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20B 40B

2.3 Liquidity

  • MU has a Current Ratio of 2.46. This indicates that MU is financially healthy and has no problem in meeting its short term obligations.
  • With a Current ratio value of 2.46, MU perfoms like the industry average, outperforming 41.59% of the companies in the same industry.
  • A Quick Ratio of 1.78 indicates that MU should not have too much problems paying its short term obligations.
  • The Quick ratio of MU (1.78) is worse than 61.95% of its industry peers.
Industry RankSector Rank
Current Ratio 2.46
Quick Ratio 1.78
MU Yearly Current Assets VS Current LiabilitesMU Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 181.30% over the past year.
  • The Earnings Per Share has been growing by 23.98% on average over the past years. This is a very strong growth
  • MU shows a strong growth in Revenue. In the last year, the Revenue has grown by 45.43%.
  • The Revenue has been growing by 11.76% on average over the past years. This is quite good.
EPS 1Y (TTM)181.3%
EPS 3Y-0.2%
EPS 5Y23.98%
EPS Q2Q%167.04%
Revenue 1Y (TTM)45.43%
Revenue growth 3Y6.71%
Revenue growth 5Y11.76%
Sales Q2Q%56.65%

3.2 Future

  • The Earnings Per Share is expected to grow by 19.31% on average over the next years. This is quite good.
  • MU is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.11% yearly.
EPS Next Y313.37%
EPS Next 2Y133.56%
EPS Next 3Y71.64%
EPS Next 5Y19.31%
Revenue Next Year103.71%
Revenue Next 2Y60.77%
Revenue Next 3Y38.81%
Revenue Next 5Y15.11%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
MU Yearly Revenue VS EstimatesMU Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 20B 40B 60B 80B 100B
MU Yearly EPS VS EstimatesMU Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 10 20 30 40

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Find the best growth stocksShow best growing peers

7

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 33.63, the valuation of MU can be described as expensive.
  • 77.88% of the companies in the same industry are more expensive than MU, based on the Price/Earnings ratio.
  • MU's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.25.
  • With a Price/Forward Earnings ratio of 8.39, the valuation of MU can be described as very reasonable.
  • Based on the Price/Forward Earnings ratio, MU is valued cheaper than 99.11% of the companies in the same industry.
  • MU's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.50.
Industry RankSector Rank
PE 33.63
Fwd PE 8.39
MU Price Earnings VS Forward Price EarningsMU Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, MU is valued a bit cheaper than the industry average as 76.11% of the companies are valued more expensively.
  • MU's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 91.78
EV/EBITDA 19.13
MU Per share dataMU EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

  • MU's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • MU has an outstanding profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as MU's earnings are expected to grow with 71.64% in the coming years.
PEG (NY)0.11
PEG (5Y)1.4
EPS Next 2Y133.56%
EPS Next 3Y71.64%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • With a yearly dividend of 0.11%, MU is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 0.50, MU pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, MU's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.11%

5.2 History

  • On average, the dividend of MU grows each year by 44.19%, which is quite nice.
  • MU has been paying a dividend for at least 10 years, so it has a reliable track record.
  • MU has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)44.19%
Div Incr Years0
Div Non Decr Years3
MU Yearly Dividends per shareMU Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 2025 0.1 0.2 0.3 0.4

5.3 Sustainability

  • 4.41% of the earnings are spent on dividend by MU. This is a low number and sustainable payout ratio.
  • The dividend of MU is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP4.41%
EPS Next 2Y133.56%
EPS Next 3Y71.64%
MU Yearly Income VS Free CF VS DividendMU Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B -5B 10B
MU Dividend Payout.MU Dividend Payout, showing the Payout Ratio.MU Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

MICRON TECHNOLOGY INC

NASDAQ:MU (2/4/2026, 8:00:01 PM)

Premarket: 384.95 +5.55 (+1.46%)

379.4

-40.04 (-9.55%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)12-17
Earnings (Next)03-18
Inst Owners82.91%
Inst Owner Change-1.77%
Ins Owners0.22%
Ins Owner Change2.35%
Market Cap426.96B
Revenue(TTM)42.31B
Net Income(TTM)11.91B
Analysts83.46
Price Target319.81 (-15.71%)
Short Float %2.46%
Short Ratio0.88
Dividend
Industry RankSector Rank
Dividend Yield 0.11%
Yearly Dividend0.47
Dividend Growth(5Y)44.19%
DP4.41%
Div Incr Years0
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.12%
Min EPS beat(2)2.85%
Max EPS beat(2)17.39%
EPS beat(4)4
Avg EPS beat(4)10.61%
Min EPS beat(4)2.85%
Max EPS beat(4)17.39%
EPS beat(8)8
Avg EPS beat(8)40.89%
EPS beat(12)12
Avg EPS beat(12)32.69%
EPS beat(16)15
Avg EPS beat(16)13.99%
Revenue beat(2)1
Avg Revenue beat(2)0.51%
Min Revenue beat(2)-2.11%
Max Revenue beat(2)3.12%
Revenue beat(4)2
Avg Revenue beat(4)0.46%
Min Revenue beat(4)-2.11%
Max Revenue beat(4)3.12%
Revenue beat(8)3
Avg Revenue beat(8)0.28%
Revenue beat(12)3
Avg Revenue beat(12)-0.22%
Revenue beat(16)4
Avg Revenue beat(16)-0.74%
PT rev (1m)8.48%
PT rev (3m)80.46%
EPS NQ rev (1m)0.45%
EPS NQ rev (3m)112.33%
EPS NY rev (1m)15.58%
EPS NY rev (3m)100.8%
Revenue NQ rev (1m)0.28%
Revenue NQ rev (3m)44.47%
Revenue NY rev (1m)10%
Revenue NY rev (3m)40.07%
Valuation
Industry RankSector Rank
PE 33.63
Fwd PE 8.39
P/S 10.09
P/FCF 91.78
P/OCF 18.82
P/B 7.26
P/tB 7.47
EV/EBITDA 19.13
EPS(TTM)11.28
EY2.97%
EPS(NY)45.22
Fwd EY11.92%
FCF(TTM)4.13
FCFY1.09%
OCF(TTM)20.16
OCFY5.31%
SpS37.6
BVpS52.26
TBVpS50.82
PEG (NY)0.11
PEG (5Y)1.4
Graham Number115.16
Profitability
Industry RankSector Rank
ROA 13.85%
ROE 20.25%
ROCE 18.71%
ROIC 14.22%
ROICexc 16.52%
ROICexgc 16.95%
OM 32.68%
PM (TTM) 28.15%
GM 45.31%
FCFM 10.99%
ROA(3y)0.79%
ROA(5y)5.08%
ROE(3y)1.42%
ROE(5y)7%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y-6.53%
ROICexgc growth 5Y15.16%
ROICexc growth 3Y-6.3%
ROICexc growth 5Y15.49%
OM growth 3Y-5.79%
OM growth 5Y13.08%
PM growth 3Y-6.83%
PM growth 5Y12.75%
GM growth 3Y-4.15%
GM growth 5Y5.42%
F-Score7
Asset Turnover0.49
Health
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 2.53
Debt/EBITDA 0.5
Cap/Depr 211.39%
Cap/Sales 42.64%
Interest Coverage 250
Cash Conversion 101.48%
Profit Quality 39.06%
Current Ratio 2.46
Quick Ratio 1.78
Altman-Z 11.57
F-Score7
WACC10.86%
ROIC/WACC1.31
Cap/Depr(3y)132.21%
Cap/Depr(5y)145.52%
Cap/Sales(3y)41.74%
Cap/Sales(5y)40.13%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)181.3%
EPS 3Y-0.2%
EPS 5Y23.98%
EPS Q2Q%167.04%
EPS Next Y313.37%
EPS Next 2Y133.56%
EPS Next 3Y71.64%
EPS Next 5Y19.31%
Revenue 1Y (TTM)45.43%
Revenue growth 3Y6.71%
Revenue growth 5Y11.76%
Sales Q2Q%56.65%
Revenue Next Year103.71%
Revenue Next 2Y60.77%
Revenue Next 3Y38.81%
Revenue Next 5Y15.11%
EBIT growth 1Y216.87%
EBIT growth 3Y0.54%
EBIT growth 5Y26.38%
EBIT Next Year439.62%
EBIT Next 3Y89.48%
EBIT Next 5Y34.79%
FCF growth 1Y192.93%
FCF growth 3Y-18.79%
FCF growth 5Y82.23%
OCF growth 1Y1025.04%
OCF growth 3Y4.9%
OCF growth 5Y16.11%

MICRON TECHNOLOGY INC / MU FAQ

What is the ChartMill fundamental rating of MICRON TECHNOLOGY INC (MU) stock?

ChartMill assigns a fundamental rating of 7 / 10 to MU.


Can you provide the valuation status for MICRON TECHNOLOGY INC?

ChartMill assigns a valuation rating of 7 / 10 to MICRON TECHNOLOGY INC (MU). This can be considered as Undervalued.


Can you provide the profitability details for MICRON TECHNOLOGY INC?

MICRON TECHNOLOGY INC (MU) has a profitability rating of 8 / 10.


Can you provide the expected EPS growth for MU stock?

The Earnings per Share (EPS) of MICRON TECHNOLOGY INC (MU) is expected to grow by 313.37% in the next year.


Can you provide the dividend sustainability for MU stock?

The dividend rating of MICRON TECHNOLOGY INC (MU) is 5 / 10 and the dividend payout ratio is 4.41%.