NASDAQ: MU
Micron Technology, Inc.
Technology · Semiconductors
Pre-market: $797.19(-3.14%) · as of 6:19 AM ET
Market Cap
$929.52B
52w High
$1,255.00
52w Low
$105.46
P/E
18.67
Volume
54.54M
Outstanding Shares
1.13B
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 654.1% over the last year. Revenue grew 166.98% over the trailing twelve months. Operating margin moved from 22.59% to 65.76%. Free cash flow grew 186.28% 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 (78th 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 65.76% — continued expansion would be needed to justify the premium. Revenue growth of 166.98% 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
Sep 22, 2026
Q3 FY26 · EPS est $31.16 · Revenue est $50.45B
View
Dividends
$0.53/shareQuarterly6yr growth streakSafeMU pays a dividend with a 0.06% dividend yield, 6 consecutive years of growth, growing at 5.53% annually, covered 3.2× by free cash flow.
Dividend Yield
0.06%
Annual Div / Share
$0.53
5yr CAGR
+5.53%
Doubles every ~12.9yr
Payout Ratio
1.12%
Safe
Dividend Growth Rate
3yr CAGR
+4.83%
5yr CAGR
+5.53%
10yr CAGR
+5.53%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$0/mo
In 5 yrs
$0/mo
In 10 yrs
$0/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$1/yr $0/mo | $1/yr+31% $0/mo | $1/yr+71% $0/mo |
Yield-on-cost grows from 0.06% → 0.11% 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 5.53% 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.