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Earnings transcript
Read the complete earnings call transcript.
MU
Micron Technology, Inc.
$366.24
-1.61
(-0.44%)
| Exchange: | NASDAQ |
| Market Cap: | 413.02B |
| Shares Outstanding: | 191.6M |
About The Company
| Sector: | Technology | |||||
| Industry: | Semiconductors | |||||
| CEO: | Sanjay Mehrotra | |||||
| Full Time Employees: | 48000 | |||||
| Address: |
| |||||
| Website: | https://www.micron.com |
Micron Technology, Inc. designs, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. It provides memory and storage technologies comprises DRAM products, which are dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; NAND products that are non-volatile and re-writeable semiconductor storage devices; and NOR memory products, which are non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels. The company offers memory products for the cloud server, enterprise, client, graphics, and networking markets, as well as for smartphone and other mobile-device markets; SSDs and component-level solutions for the enterprise and cloud, client, and consumer storage markets; other discrete storage products in component and wafers; and memory and storage products for the automotive, industrial, and consumer markets. It markets its products through its direct sales force, independent sales representatives, distributors, and retailers; and web-based customer direct sales channel, as well as through channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 15,540,000 | 25,111,000 | 37,378,000 |
| Gross Profit | -1,416,000 | 5,613,000 | 14,873,000 |
| EBITDA | 2,211,000 | 8,944,000 | 18,492,000 |
| Operating Income | -5,745,000 | 1,304,000 | 9,870,000 |
| Net Income | -5,833,000 | 778,000 | 8,539,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 64,254,000 | 69,416,000 | 82,798,000 |
| Total Liabilities | 20,134,000 | 24,285,000 | 28,633,000 |
| Total Stockholders Equity | 44,120,000 | 45,131,000 | 54,165,000 |
| Total Debt | 13,933,000 | 14,007,000 | 15,278,000 |
| Cash and Cash Equivalents | 8,577,000 | 7,041,000 | 9,642,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 1,559,000 | 8,507,000 | 17,525,000 |
| Capital Expenditure | -7,676,000 | -8,386,000 | 0 |
| Free Cash Flow | -6,117,000 | 121,000 | 17,525,000 |
| Net Income | -5,833,000 | 778,000 | 8,539,000 |
| Net Change in Cash | 317,000 | -1,604,000 | 2,594,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 209,253,919.747 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 334,455,743.308 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 278,062,000 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 83,871,703.988 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 134,054,230.066 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 111,450,881.219 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 58,819,421.302 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 109,577,666.347 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 86,715,000.077 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 8,509,387.808 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 13,600,766.132 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 11,307,493.765 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 77.080 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 97.400 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 52.280 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 20 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 7 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Growth: Micron Technology reported Q2 2025 revenue of approximately $8.1 billion, reflecting strong demand for memory and storage solutions, particularly in AI and data center applications, as highlighted in the earnings call transcript. This aligns with industry trends favoring high-performance computing.
- Solid Financial Position: The company’s balance sheet data indicates substantial cash and cash equivalents alongside positive free cash flow, providing financial flexibility for innovation and capital expenditure, as evidenced by ongoing investments in manufacturing capacity.
- Market Leadership in Key Segments: Micron’s focus on DRAM and NAND products, coupled with its strategic positioning in the semiconductor industry, supports its competitive edge, as noted in the company profile and revenue product segments.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates MU intrinsic value between $116.26 – $503.57 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about MU valuation
Is Micron Technology, Inc. (MU) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Micron Technology, Inc. (MU) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is MU a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether MU trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is MU’s P/E ratio?
You can see MU’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for MU?
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Is MU a good long-term investment?
Whether MU fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
MU
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Daily snapshot
-0.44
Trading Metrics:
| Open: | 341.34 | Previous Close: | 367.85 | |
| Day Low: | 340.2 | Day High: | 366.94 | |
| Year Low: | 61.54 | Year High: | 471.34 | |
| Price Avg 50: | 403.51 | Price Avg 200: | 243.1 | |
| Volume: | 50.933M | Average Volume: | 42.075M |
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Login — it's freeMU full analysis
Hey everyone, welcome back to the channel! Today, we’re diving deep into a comprehensive analysis of Micron Technology, ticker symbol MU, a heavyweight in the semiconductor space with a massive role in memory and storage solutions. If you’re curious about whether this stock is a buy, hold, or sell—especially with all the buzz around AI and tech demand—stick around. We’re going to break down everything from financials to recent performance, and even give you a peek into what the future…
