NASDAQ: MU
Micron Technology, Inc.
Technology · Semiconductors
After hours: $1,151.95(+1.58%) · as of 7:59 PM ET
Market Cap
$1.28T
52w High
$1,149.43
52w Low
$103.38
P/E
53.61
Volume
61.49M
Outstanding Shares
1.13B
Price vs Fundamentals
Why The Stock Is Moving
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
What changed
The stock rose 830.87% over the last year. Revenue grew 85.55% over the trailing twelve months. Operating margin moved from 19.76% to 48.52%. Free cash flow grew 30.69% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (100th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 48.52% — continued expansion would be needed to justify the premium. Revenue growth of 85.55% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Micron Technology, Inc. is a global leader specializing in the development, manufacture, and sale of advanced semiconductor memory and storage solutions.
Valuation
Stock splits
Every 1 shares became 2
Every 1 shares became 2
Every 2 shares became 5
Profitability & growth
Analyst consensus
57
Buy
11
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jun 24, 2026
Q2 FY26 · EPS est $19.72 · Revenue est $35.01B
View
Dividends
$0.50/shareQuarterly5yr growth streakSafeMU pays a dividend with a 0.04% dividend yield, 5 consecutive years of growth, growing at 10.56% annually, covered 3.2× by free cash flow.
Dividend Yield
0.04%
Annual Div / Share
$0.50
5yr CAGR
+10.56%
Doubles every ~6.9yr
Payout Ratio
2.19%
Safe
Dividend Growth Rate
3yr CAGR
+1.11%
5yr CAGR
+10.56%
10yr CAGR
+10.56%
Dividend History
Annual dividends paid per share
Income Projection
Today
$0/mo
In 5 yrs
$0/mo
In 10 yrs
$0/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$0/yr $0/mo | $1/yr+65% $0/mo | $1/yr+173% $0/mo |
Yield-on-cost grows from 0.04% → 0.12% over 10yr
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 3.2× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 10.56% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.