MICRON TECHNOLOGY INC (MU) Stock Fundamental Analysis

NASDAQ:MU • US5951121038

413.97 USD
+3.63 (+0.88%)
At close: Feb 12, 2026
418.4 USD
+4.43 (+1.07%)
After Hours: 2/12/2026, 7:20:41 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

7

We assign a fundamental rating of 7 out of 10 to MU. MU was compared to 113 industry peers in the Semiconductors & Semiconductor Equipment industry. While MU has a great profitability rating, there are some minor concerns on its financial health. MU is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! These ratings could make MU a good candidate for growth investing.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • In the past year MU was profitable.
  • In the past year MU had a positive cash flow from operations.
  • MU had positive earnings in 4 of the past 5 years.
  • Each year in the past 5 years MU had a positive operating cash flow.
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 has a better Return On Assets (13.85%) than 86.73% of its industry peers.
  • With an excellent Return On Equity value of 20.25%, MU belongs to the best of the industry, outperforming 86.73% of the companies in the same industry.
  • 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

  • With an excellent Profit Margin value of 28.15%, MU belongs to the best of the industry, outperforming 86.73% of the companies in the same industry.
  • In the last couple of years the Profit Margin of MU has grown nicely.
  • MU's Operating Margin of 32.68% is amongst the best of the industry. MU outperforms 91.15% of its industry peers.
  • MU's Operating Margin has improved in the last couple of years.
  • MU's Gross Margin of 45.31% is in line compared to the rest of the industry. MU outperforms 53.10% of its industry peers.
  • In the last couple of years the Gross Margin of MU has grown nicely.
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

  • MU has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • MU has more shares outstanding than it did 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

  • An Altman-Z score of 12.34 indicates that MU is not in any danger for bankruptcy at the moment.
  • MU's Altman-Z score of 12.34 is fine compared to the rest of the industry. MU outperforms 77.88% 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 63.72% of the companies in the same industry.
  • A Debt/Equity ratio of 0.19 indicates that MU is not too dependend on debt financing.
  • The Debt to Equity ratio of MU (0.19) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 2.53
Altman-Z 12.34
ROIC/WACC1.31
WACC10.88%
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

  • A Current Ratio of 2.46 indicates that MU has no problem at all paying its short term obligations.
  • The Current ratio of MU (2.46) is comparable to the rest of the industry.
  • MU has a Quick Ratio of 1.78. This is a normal value and indicates that MU is financially healthy and should not expect problems in meeting its short term obligations.
  • With a Quick ratio value of 1.78, MU is not doing good in the industry: 62.83% of the companies in the same industry are doing better.
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

  • MU shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 181.30%, which is quite impressive.
  • MU shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 23.98% yearly.
  • Looking at the last year, MU shows a very strong growth in Revenue. The Revenue has grown by 45.43%.
  • MU shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.76% yearly.
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

  • MU is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 19.31% yearly.
  • Based on estimates for the next years, MU will show a quite strong growth in Revenue. The Revenue will grow by 15.11% on average per year.
EPS Next Y312.32%
EPS Next 2Y133.86%
EPS Next 3Y72.97%
EPS Next 5Y19.31%
Revenue Next Year103.57%
Revenue Next 2Y60.84%
Revenue Next 3Y38.87%
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

6

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 36.70, MU can be considered very expensive at the moment.
  • 79.65% of the companies in the same industry are more expensive than MU, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of MU to the average of the S&P500 Index (27.67), we can say MU is valued slightly more expensively.
  • Based on the Price/Forward Earnings ratio of 9.13, the valuation of MU can be described as reasonable.
  • Based on the Price/Forward Earnings ratio, MU is valued cheaper than 99.11% of the companies in the same industry.
  • MU is valuated cheaply when we compare the Price/Forward Earnings ratio to 27.69, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 36.7
Fwd PE 9.13
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

  • 76.11% of the companies in the same industry are more expensive than MU, based on the Enterprise Value to EBITDA ratio.
  • MU's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 100.14
EV/EBITDA 20.69
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

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The excellent profitability rating of MU may justify a higher PE ratio.
  • A more expensive valuation may be justified as MU's earnings are expected to grow with 72.97% in the coming years.
PEG (NY)0.12
PEG (5Y)1.53
EPS Next 2Y133.86%
EPS Next 3Y72.97%

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

5

5. Dividend

5.1 Amount

  • With a yearly dividend of 0.12%, MU is not a good candidate for dividend investing.
  • MU's Dividend Yield is a higher than the industry average which is at 0.53.
  • Compared to an average S&P500 Dividend Yield of 1.80, MU's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.12%

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

  • MU pays out 4.41% of its income as dividend. This is a sustainable payout ratio.
  • MU's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP4.41%
EPS Next 2Y133.86%
EPS Next 3Y72.97%
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

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Find the best dividend stocksShow peers with best dividend

MICRON TECHNOLOGY INC

NASDAQ:MU (2/12/2026, 7:20:41 PM)

After market: 418.4 +4.43 (+1.07%)

413.97

+3.63 (+0.88%)

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-1.4%
Ins Owners0.22%
Ins Owner Change2.2%
Market Cap465.86B
Revenue(TTM)42.31B
Net Income(TTM)11.91B
Analysts83.46
Price Target356.87 (-13.79%)
Short Float %2.46%
Short Ratio0.88
Dividend
Industry RankSector Rank
Dividend Yield 0.12%
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)21.05%
PT rev (3m)73.89%
EPS NQ rev (1m)0.45%
EPS NQ rev (3m)111.82%
EPS NY rev (1m)15.29%
EPS NY rev (3m)100.3%
Revenue NQ rev (1m)0.28%
Revenue NQ rev (3m)44.05%
Revenue NY rev (1m)9.92%
Revenue NY rev (3m)39.97%
Valuation
Industry RankSector Rank
PE 36.7
Fwd PE 9.13
P/S 11.01
P/FCF 100.14
P/OCF 20.53
P/B 7.92
P/tB 8.15
EV/EBITDA 20.69
EPS(TTM)11.28
EY2.72%
EPS(NY)45.34
Fwd EY10.95%
FCF(TTM)4.13
FCFY1%
OCF(TTM)20.16
OCFY4.87%
SpS37.6
BVpS52.26
TBVpS50.82
PEG (NY)0.12
PEG (5Y)1.53
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 12.34
F-Score7
WACC10.88%
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 Y312.32%
EPS Next 2Y133.86%
EPS Next 3Y72.97%
EPS Next 5Y19.31%
Revenue 1Y (TTM)45.43%
Revenue growth 3Y6.71%
Revenue growth 5Y11.76%
Sales Q2Q%56.65%
Revenue Next Year103.57%
Revenue Next 2Y60.84%
Revenue Next 3Y38.87%
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 6 / 10 to MICRON TECHNOLOGY INC (MU). This can be considered as Fairly Valued.


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 312.32% 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%.