Memory and storage semiconductor company with key exposure to HBM, AI servers, and data-intensive compute infrastructure.MoreShow less
Profile & Fundamentals
Micron Technology (MU.NASDAQ) Profile & Fundamentals
Review Micron Technology reported earnings, valuation, balance sheet and ownership, with source tables and separate AI assessments.
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Company and Market Context
Micron Technology: Company Profile & Ownership
Micron Technology, Inc. engages in the provision of semiconductor memory and storage products in the United States, Taiwan, Mainland China, other Asia Pacific countries, Japan, Europe, and internationally. It operates through Cloud Memory Business Unit, Core Data Center Business Unit, Mobile and Client Business Unit, and Automotive and Embedded Business Unit segments. The company provides dynamic random access memory (DRAM) products, including High-Bandwidth Memory, doublie data rate, low-power DRAM, and graphics DRAM products; NAND products comprising solid state drives, managed NAND, and multi-chip packages; and NOR products. The company sells its products under the Micron brand name and private labels through its own direct sales force, sales or representative offices, as well as through distributors, retailers, and independent sales representatives. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.
Company profile record
Micron Technology Inc
Common Stock · Information Technology · Semiconductor Materials & Equipment
Company
- Company / asset
- Micron Technology Inc
- Security type
- Common Stock
- Sector
- Information Technology
- Industry
- Semiconductor Materials & Equipment
- HQ
- 🇺🇸 United States
- Head office
- 8000 South Federal Way, Boise, ID, United States, 83716-9632
Leadership & scale
- Chief executive
- Mr. Sanjay Mehrotra
- CEO year born
- 1959
- Full-time employees
- 61K
- Fiscal year end
- August
- IPO date
- 1984-06-01
Fundamentals snapshot
- Market Cap
- USD 791.4B
- P/E
- 9.3x
- Revenue (Q3 26)
- USD 54.2B
- Profit (Q3 26)
- USD 37.7B
- Dividend Yield
- 0.1%
- Revenue (FY 26)
- USD 133.2B
- Shares in public float
- 1.1B
- Insider ownership
- 0.24%
Reporting & identifiers
- Symbol
- MU.NASDAQ
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US5951121038
- Asset ID
- equity_843671cc-b0af-525e-a5ab-cc822260c2cf
Micron Technology: Ownership
Shares Outstanding
Latest: 1.1B | Max: 1.2B | Min: 1.1B
Latest reported ownership snapshot
Float Shares
98.31%
1.1B latest reported shares
Insider Ownership
0.24%
Latest reported insider stake
Short Float
0.02%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 1,225,000,000 |
| 2018-01-01 | 1,174,000,000 |
| 2019-01-01 | 1,129,000,000 |
| 2020-01-01 | 1,135,000,000 |
| 2021-01-01 | 1,130,000,000 |
| 2022-01-01 | 1,090,000,000 |
| 2023-01-01 | 1,100,000,000 |
| 2024-01-01 | 1,122,000,000 |
| 2025-01-01 | 1,138,000,000 |
| 2026-01-01 | 1,147,000,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 104,827,219 | 9.27% | 2026-06-30 |
| Vanguard Capital Management, LLC | 73,659,544 | 6.51% | 2026-06-30 |
| State Street Corp | 50,075,870 | 4.43% | 2026-06-30 |
| Amvescap Plc. | 36,315,240 | 3.21% | 2026-06-30 |
| Vanguard MStar Total Stk Mkt Idx Invest | 35,849,672 | 3.17% | 2026-09-30 |
| Vanguard 500 Index Investor | 29,660,721 | 2.62% | 2026-09-30 |
| Capital World Investors | 29,469,646 | 2.6% | 2026-06-30 |
| Geode Capital Management, LLC | 27,705,797 | 2.45% | 2026-06-30 |
| FMR Inc | 26,718,869 | 2.36% | 2026-06-30 |
| JPMorgan Chase & Co | 25,836,011 | 2.28% | 2026-06-30 |
| Vanguard Portfolio Management, LLC | 24,662,080 | 2.18% | 2026-06-30 |
| Invesco QQQ Trust | 23,492,879 | 2.08% | 2026-10-30 |
| PRIMECAP Management Company | 19,217,236 | 1.7% | 2026-06-30 |
| Morgan Stanley - Brokerage Accounts | 18,470,449 | 1.63% | 2026-06-30 |
| The Goldman Sachs Group Inc | 18,088,606 | 1.6% | 2026-06-30 |
Micron Technology: Earnings, Profitability & Valuation
Latest Financials Filed On
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
The business has staged a dramatic financial turnaround, transforming earlier operating losses into tens of billions in net income. This explosive top-line surge has been powered by extreme demand for specialized artificial intelligence memory, which commanded unprecedented pricing premiums while starving conventional server memory channels. Headline revenues and operating profits reflect exceptional operating leverage, where almost every incremental dollar of selling price flowed directly to the bottom line. However, these extraordinary results represent a cyclical peak rather than a permanent new reality. While trailing cash generation looks spectacular, true distributable cash flow is lower than headline figures suggest once customer deposit liabilities and heavy equipment purchases are properly accounted for. As industry production expands, normalized earnings will inevitably settle lower.
The business has staged a dramatic financial turnaround, transforming earlier operating losses into tens of billions in net income. This explosive top-line surge has been powered by extreme demand for specialized artificial intelligence memory, which commanded unprecedented pricing premiums while starving conventional server memory channels. Headline revenues and operating profits reflect exceptional operating leverage, where almost every incremental dollar of selling price flowed directly to the bottom line. However, these extraordinary results represent a cyclical peak rather than a permanent new reality. While trailing cash generation looks spectacular, true distributable cash flow is lower than headline figures suggest once customer deposit liabilities and heavy equipment purchases are properly accounted for. As industry production expands, normalized earnings will inevitably settle lower.
Revenue, Net Income, and Free Cash Flow
Latest: USD 133.2B | Max: USD 133.2B | Min: USD -6.1B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 16x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability metrics have ascended to the highest levels in the company's recorded history, with gross margins leaping past eighty percent in recent quarters. This miraculous margin expansion was engineered by acute supply scarcity, enabling the company to command temporary monopoly-like pricing on advanced high-bandwidth memory stacks. Fixed factory costs were spread across surging revenues, multiplying operating profit margins to historic extremes. This extraordinary margin structure is cyclical rather than permanent. In the semiconductor memory business, profit margins of this magnitude always stimulate aggressive factory construction across the global industry. Once competitor fabrication lines ramp up and packaging bottlenecks ease, pricing power will erode, guiding profit margins back toward sustainable through-cycle averages.
Profitability metrics have ascended to the highest levels in the company's recorded history, with gross margins leaping past eighty percent in recent quarters. This miraculous margin expansion was engineered by acute supply scarcity, enabling the company to command temporary monopoly-like pricing on advanced high-bandwidth memory stacks. Fixed factory costs were spread across surging revenues, multiplying operating profit margins to historic extremes. This extraordinary margin structure is cyclical rather than permanent. In the semiconductor memory business, profit margins of this magnitude always stimulate aggressive factory construction across the global industry. Once competitor fabrication lines ramp up and packaging bottlenecks ease, pricing power will erode, guiding profit margins back toward sustainable through-cycle averages.
Profitability Margins
Latest: 80.7% | Max: 80.7% | Min: -37.5%
Latest Profitability Ratios as of 2026-08-31
Gross Margin
80.7%
Gross profit / revenue
Operating Margin
74.6%
Operating income / revenue
Net Margin
63.8%
Net income / revenue
FCF Margin
44.3%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2017-08-31 | 20,322,000,000 | 5,089,000,000 | 2,900,000,000 |
| 2018-08-31 | 30,391,000,000 | 14,135,000,000 | 8,315,000,000 |
| 2019-08-31 | 23,406,000,000 | 6,313,000,000 | 3,334,000,000 |
| 2020-08-31 | 21,435,000,000 | 2,687,000,000 | 83,000,000 |
| 2021-08-31 | 27,705,000,000 | 5,861,000,000 | 2,438,000,000 |
| 2022-08-31 | 30,758,000,000 | 8,687,000,000 | 3,114,000,000 |
| 2023-08-31 | 15,540,000,000 | -5,833,000,000 | -6,117,000,000 |
| 2024-08-31 | 25,111,000,000 | 778,000,000 | 121,000,000 |
| 2025-08-31 | 37,378,000,000 | 8,539,000,000 | 1,668,000,000 |
| 2026-08-31 | 133,188,000,000 | 84,969,000,000 | 58,963,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-08-31 | 15.9 | Trailing four quarters |
| 2024-08-31 | 138.8 | Trailing four quarters |
| 2022-08-31 | 7.1 | Annual net income |
| 2021-08-31 | 14.2 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2017-08-31 | 41.51 | 28.88 | 25.04 | 14.27 |
| 2018-08-31 | 58.87 | 49.34 | 46.51 | 27.36 |
| 2019-08-31 | 45.72 | 31.51 | 26.97 | 14.24 |
| 2020-08-31 | 30.57 | 14.01 | 12.54 | 0.39 |
| 2021-08-31 | 37.62 | 22.68 | 21.16 | 8.8 |
| 2022-08-31 | 45.18 | 31.54 | 28.24 | 10.12 |
| 2023-08-31 | -9.11 | -36.97 | -37.54 | -39.36 |
| 2024-08-31 | 22.35 | 5.19 | 3.1 | 0.48 |
| 2025-08-31 | 39.79 | 26.41 | 22.84 | 4.46 |
| 2026-08-31 | 80.72 | 74.59 | 63.8 | 44.27 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Snapshot retrieved 2026-11-03.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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