Micron Technology, Inc. — MU
| Close Price | Market Cap | P/E Ratio | Forward P/E Ratio | Implied Growth* | Implied Forward Growth* | Dividend | P/B Ratio |
|---|---|---|---|---|---|---|---|
| $126.50 | $141.57B | 22.8 | 9.8 | 12.7% | 3.9% | $0.46 37.0% | 2.8 |
Revenue & Net Income
| Date | Revenue | Net Income | EPS | Revenue Change | Net Income Change | EPS Change | |
|---|---|---|---|---|---|---|---|
| 0 | 2020-08-31 | $21.4B | $2.7B | $2.42 | N/A | N/A | N/A |
| 1 | 2021-08-31 | $27.7B | $5.9B | $5.23 | 29.3% | 118.1% | 116.1% |
| 2 | 2022-08-31 | $30.8B | $8.7B | $7.81 | 11.0% | 48.2% | 49.3% |
| 3 | 2023-08-31 | $15.5B | $-5.8B | $-5.34 | -49.5% | -167.1% | -168.4% |
| 4 | 2024-08-31 | $25.1B | $778.0M | $0.70 | 61.6% | -113.3% | -113.1% |
| 5 | Average | 13.1% | -28.5% | -29.0% |
EPS
Forecasts
Y/Y % Change
MU Year-over-Year Growth
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Average | |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth (%) | 29.3% | 11.0% | -49.5% | 61.6% | 47.0% | 33.9% | 22.2% | |
| Revenue Analysts (#) | 0 | 0 | 0 | 0 | 0 | 7 | 7 | |
| EPS Growth (%) | 118.1% | 48.2% | -167.1% | -113.3% | 1068.0% | 60.7% | 169.1% | |
| EPS Analysts (#) | 0 | 0 | 0 | 0 | 0 | 6 | 6 |
Expenses
| Year | Revenue ($) | Cost of Revenue ($) | R&D ($) | SG&A ($) | Facilities / D&A ($) |
|---|---|---|---|---|---|
| 2021 | $27.7B | $11.1B | $2.7B | $894.0M | $6.2B |
| 2022 | $30.8B | $9.7B | $3.1B | $1.1B | $7.1B |
| 2023 | $15.5B | $9.2B | $3.1B | $920.0M | $7.8B |
| 2024 | $25.1B | $11.7B | $3.4B | $1.1B | $7.8B |
| Year | Revenue Change (%) | Cost of Revenue Change (%) | R&D Change (%) | SG&A Change (%) | Facilities / D&A Change (%) |
|---|---|---|---|---|---|
| 2022 | 11.02 | -11.96 | 17.01 | 19.24 | 14.52 |
| 2023 | -49.48 | -5.58 | -0.06 | -13.70 | 8.99 |
| 2024 | 61.59 | 27.37 | 10.15 | 22.72 | 0.31 |
No unmapped expenses.
Segment Performance
SEGMENTS v2025-09-09 · 2025-09-05 15:04 UTC — Values are shown in a single scale for this table: $B. TTM values are bold. “% of Total (TTM)” shows revenue mix.
| Segment | 2022 Rev ($B) | 2022 OI ($B) | 2023 Rev ($B) | 2023 OI ($B) | 2024 Rev ($B) | 2024 OI ($B) | TTM Rev ($B) | TTM OI ($B) | % of Total (TTM) |
|---|---|---|---|---|---|---|---|---|---|
| D R A M Products | 22.4B | 0.00B | 11.0B | 0.00B | 17.6B | 0.00B | 44.3B | 0.00B | 73.2% |
| N A N D Products | 7.81B | 0.00B | 4.21B | 0.00B | 7.23B | 0.00B | 15.6B | 0.00B | 25.9% |
| Other Product Sales | 0.56B | 0.00B | 0.36B | 0.00B | 0.28B | 0.00B | 0.57B | 0.00B | 0.9% |
SEGMENTS v2025-09-09 · 2025-09-05 15:04 UTC — Values are shown in a single scale for this table: $B. TTM values are bold. “% of Total (TTM)” shows revenue mix.
| Segment | 2022 Rev ($B) | 2022 OI ($B) | 2023 Rev ($B) | 2023 OI ($B) | 2024 Rev ($B) | 2024 OI ($B) | TTM Rev ($B) | TTM OI ($B) | % of Total (TTM) |
|---|---|---|---|---|---|---|---|---|---|
| C N B U | 13.7B | 5.84B | 5.71B | -0.58B | 9.51B | 0.98B | 28.6B | 8.97B | 47.3% |
| M B U | 7.26B | 2.16B | 3.63B | -1.75B | 6.35B | 0.11B | 12.1B | 0.94B | 19.9% |
| S B U | 4.55B | 0.51B | 2.55B | -1.89B | 4.59B | -0.36B | 10.6B | -0.01B | 17.6% |
| E B U | 5.24B | 1.75B | 3.64B | 0.38B | 4.61B | 0.20B | 9.14B | 0.41B | 15.1% |
| All Other Segments | 0.02B | 0.01B | 0.01B | 0.01B | 0.04B | 0.02B | 0.05B | 0.02B | 0.1% |
Balance Sheet
| Metric | Value | |
|---|---|---|
| 0 | Total Assets | $73,053M |
| 1 | Cash | $7,552M |
| 2 | Total Liabilities | $24,420M |
| 3 | Total Debt | $14,954M |
| 4 | Total Equity | $48,633M |
| 5 | Debt to Equity Ratio | 0.31 |
EPS & Dividend
Valuation
| Share Price | Treasury Yield | Estimates | Fair Value (P/E) | Fair Value (P/S) | Current P/S | Current P/E |
|---|---|---|---|---|---|---|
| $123.60 | 4.4% | Nicks Growth: 12% Nick's Expected Margin: 20% FINVIZ Growth: 106% |
Nicks: 21 Finviz: 11320 |
Nick's: 4.170 | 4.4 | 29.6 |
| Basis | Year | Nicks Valuation | Nicks vs Share Price | Finviz Valuation | Finviz vs Share Price |
|---|---|---|---|---|---|
| $4.18 EPS | TTM | $87.16 | -29.5% | $47,316.48 | 38181.9% |
| $6.93 EPS | 2025 | $144.50 | 16.9% | $78,445.75 | 63367.4% |
| $10.80 EPS | 2026 | $225.19 | 82.2% | $122,253.12 | 98810.3% |
Implied Growth
| Average | Median | Std Dev | Current | Percentile | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | |
| Timeframe | ||||||||||
| 1 Year | 12.27% | 3.47% | 12.19% | 3.50% | 0.91% | 0.51% | 12.09% | 3.82% | 39.7% | 67.2% |
| 3 Years | 12.27% | 3.47% | 12.19% | 3.50% | 0.91% | 0.51% | 12.09% | 3.82% | 39.7% | 67.2% |
| 5 Years | 12.27% | 3.47% | 12.19% | 3.50% | 0.91% | 0.51% | 12.09% | 3.82% | 39.7% | 67.2% |
| 10 Years | 12.27% | 3.47% | 12.19% | 3.50% | 0.91% | 0.51% | 12.09% | 3.82% | 39.7% | 67.2% |