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Earnings transcript
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MU
Micron Technology, Inc.
$1074.89
-22.5
(-2.05%)
| Exchange: | NASDAQ |
| Market Cap: | 1.214T |
| Shares Outstanding: | 191.6M |
Delayed data
About The Company
| Sector: | TechnologyView sector performance | |||||
| Industry: | SemiconductorsView industry performance | |||||
| CEO: | Sanjay Mehrotra | |||||
| Full Time Employees: | 53000 | |||||
| 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
MU full analysis
Hey everyone, welcome back to MarketSnap. Micron has been absolutely ripping — up roughly eighteen percent in just the last month, and up a staggering five hundred percent over the past year. The AI memory trade has turned this former cyclical laggard into one of the hottest names on the market, and the crowd is loud. But before anyone piles in at these levels, we're running Micron through the MarketSnap valuation model to see if the price still makes sense.…
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 25,111,000 | 37,378,000 | 133,188,000 |
| Gross Profit | 5,613,000 | 14,873,000 | 107,504,000 |
| EBITDA | 8,944,000 | 18,492,000 | 99,340,000 |
| Operating Income | 1,304,000 | 9,870,000 | 99,340,000 |
| Net Income | 778,000 | 8,539,000 | 84,969,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Total Assets | 69,416,000 | 82,798,000 | 195,888,000 |
| Total Liabilities | 24,285,000 | 28,633,000 | 57,510,000 |
| Total Stockholders Equity | 45,131,000 | 54,165,000 | 138,378,000 |
| Total Debt | 14,007,000 | 15,278,000 | 4,688,000 |
| Cash and Cash Equivalents | 7,041,000 | 9,642,000 | 38,364,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Operating Cash Flow | 8,507,000 | 17,525,000 | 89,675,000 |
| Capital Expenditure | -8,386,000 | 0 | 0 |
| Free Cash Flow | 121,000 | 17,525,000 | 89,675,000 |
| Net Income | 778,000 | 8,539,000 | 84,969,000 |
| Net Change in Cash | -1,604,000 | 2,594,000 | 28,745,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 345,903,167.030 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 651,134,033.398 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 530,072,000 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 302,051,998.940 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 671,622,465.587 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 525,041,771.177 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 239,520,142.199 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 566,514,131.625 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 436,820,310.382 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 12,845,234.084 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 24,180,088.177 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 19,684,407.576 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 382.170 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 495.640 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 209.550 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 4 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 1 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Profitability and Cash Generation: The company demonstrates robust financial health with a Return on Equity (ROE) and Return on Invested Capital (ROIC) that indicate efficient capital allocation. The Free Cash Flow Yield (FCFY) is positive, supported by a Q2 2025 revenue of approximately $8.1 billion, reflecting the company's ability to generate cash through operations despite the cyclical nature of the semiconductor industry.
- Improving Balance Sheet: The balance sheet shows a solid liquidity position, evidenced by a Current Ratio and Quick Ratio that suggest the ability to meet short-term obligations. The Debt-to-Equity ratio remains manageable, providing financial flexibility to navigate industry downturns without immediate solvency risks.
- Strategic Market Position: As a key player in the memory and storage sector, MU benefits from high barriers to entry. The company's focus on advanced technology nodes, such as DRAM and NAND, positions it as a critical supplier for high-growth end markets like AI and data centers.
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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 $710.78 – $1,144.64 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.
[intrinsic_calculator]
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?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
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
-2.05
Trading Metrics:
| Open: | 1107.45 | Previous Close: | 1097.39 | |
| Day Low: | 1072.02 | Day High: | 1107.87 | |
| Year Low: | 179.61 | Year High: | 1255 | |
| Price Avg 50: | 954.35 | Price Avg 200: | 677.43 | |
| Volume: | 26.524M | Average Volume: | 41.613M |
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