←
Loading live data…
$MU$656.39 ▼17.5%
Micron Technology, Inc.
WHAT THEY DO
Micron designs and sells memory and storage chips—DRAM and NAND flash—used in AI data centers, PCs, phones, cars, and industrial gear. It makes money selling high-volume chips and increasingly high-bandwidth memory (HBM) stacks for AI accelerators.
💎 CONVERGENCE PLAY — in 3 themes
AI Memory/HBMEdge AIData Center Buildout
PRICE
Loading…
REVENUE MIX
DRAM72%
NAND24%
Other4%
COST
COGS19%
R&D9%
SG&A5%
Op Margin81%
FINANCIAL HEALTH
Reported through Sep 3, 2026
Figures are trailing twelve months (TTM) unless marked otherwise.
REVENUE
$133.2B
Growth
379%
QTR YOY
Gross M.
81%
P/E
8.8
EV/EBITDA
6.5
Net M.
64%
FCF M.
22%
D/E
0.04
LATEST QTR
Op M.
81%
PLUG INTO YOUR DCF
Historical growth
36.9%
Analyst 5y growth
—
Forward P/E
3.2
PEG ratio
0.20
Trailing EPS
$74.30
Forward EPS
$207.80
Multiple compressing
Forward P/E is lower than trailing — earnings are expected to grow into the price.
CAPEX & R&D — LAST 0 FISCAL YEARS (SEC FILINGS)
Loading…
TAM
SIZE
$330B by 2030
CAGR
9%
Memory TAM is expanding fast as AI servers carry far more DRAM and HBM content per box, with HBM alone a multi-tens-of-billions market growing over 40% annually. NAND demand is also lifted by AI storage and edge devices, though the industry remains historically cyclical.
RISK ASSESSMENT
HIGMemory is brutally cyclical; today's 81% gross margin and 64% net margin are peak-cycle and can compress violently when supply catches up.
MEDHBM competition from Samsung and SK Hynix plus customer concentration in a few hyperscalers could pressure pricing and share.
LOWHeavy capex needs and geopolitical/export-control exposure to China demand.
🐂 BULL
HBM and AI-driven memory content growth have turned Micron into a structural AI winner, with earnings power far above prior cycles and a still-cheap 13x P/E.
🐻 BEAR
At 931 the stock already discounts a sustained super-cycle; any HBM pricing slip or supply glut could halve margins and the multiple, as history shows for memory.
EARNINGS
EPS · Q4 2026
Beat ✓
REVENUE
Beat ✓
MANAGEMENT TONE
BearishBullish
🔗 IMPACT ON YOUR THESIS
HBM share gains and AI memory content growth
On Track→On Track
HBM sold out through 2026, content per AI server rising
Peak-cycle margins are sustainable
Watch→Watch
81% GM is extraordinary but supply response is the key risk
Valuation still cheap on forward earnings
On Track→On Track
13x trailing P/E despite 379% growth keeps multiple undemanding
AI-powered data, computed by TreasureX · May contain inaccuracies
⚠️
All values, scores, and figures here are computed from your own assumptions and public data, for educational purposes only. This is not investment advice — TreasureX does not recommend buying or selling any security. Results change with your inputs. Please do your own research and use your own judgement before making any investment decision.