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Earnings transcript
Read the complete earnings call transcript.
MU
Micron Technology, Inc.
$979.3
-12.34
(-1.24%)
| Exchange: | NASDAQ |
| Market Cap: | 1.106T |
| Shares Outstanding: | 191.6M |
Delayed data
About The Company
| Sector: | Technology | |||||
| Industry: | Semiconductors | |||||
| CEO: | Sanjay Mehrotra | |||||
| Full Time Employees: | 48000 | |||||
| Address: |
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| Website: | https://www.micron.com |
Micron Technology, Inc. is a global leader specializing in the development, manufacture, and sale of advanced semiconductor memory and storage solutions. Its operations are structured across four primary business segments: Compute and Networking, Mobile, Storage, and Embedded. The company’s product portfolio encompasses a range of memory and data storage technologies. These include high-speed, low-latency Dynamic Random Access Memory (DRAM) components for rapid data retrieval; non-volatile, re-programmable NAND flash storage devices; and fast-read, non-volatile, re-writable NOR memory chips. These innovative solutions are offered under its well-known Micron and Crucial brands, as well as through private label partnerships. Micron’s extensive offerings cater to a diverse array of markets and applications. This includes critical infrastructure like cloud servers and enterprise data centers, personal computing (client and graphics), mobile devices such as smartphones, networking equipment, automotive systems, industrial applications, and various consumer electronics. The company utilizes a multi-faceted approach to market its products, employing a direct sales force, independent sales representatives, and a network of distributors and retailers. Additionally, it leverages a web-based direct sales channel and collaborates with various channel and distribution partners. Founded in 1978, Micron Technology, Inc. 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 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 316,768,535.166 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 544,023,062.795 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 449,422,500 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 158,384,267.583 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 272,011,531.397 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 224,711,250 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 183,501,168.913 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 379,231,594.087 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 297,753,750.264 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 12,881,509.291 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 22,122,898.457 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 18,275,931.687 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 264.670 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 337.090 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 163.110 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 20 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 8 | Research Access | Research Access | Research Access | Research 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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Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates MU intrinsic value between $710.78 – $1,144.64 per share. This depends on revenue growth, margins, and discount rate.
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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?
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MU
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Daily snapshot
-1.24
Trading Metrics:
| Open: | 965.08 | Previous Close: | 991.64 | |
| Day Low: | 954.13 | Day High: | 998 | |
| Year Low: | 103.38 | Year High: | 1255 | |
| Price Avg 50: | 889.55 | Price Avg 200: | 460.41 | |
| Volume: | 31.054M | Average Volume: | 51.532M |
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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…
