Fundamental analysis · SEC EDGAR · TTM through 28/05/2026

Fundamental analysis of Micron Technology Inc

MU · Nasdaq · Technology

Fundamental quality

EXCELLENT

94

out of 100

Micron Technology Inc fits the profile of a quality compounder: it pairs high return on capital (ROE 50.1%) with wide margins (net margin 55.9%) and a business that keeps growing (28.5% a year). On fundamental quality it scores 94 out of 100, profiling it as a company with solid fundamentals. Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Micron is one of the few large global makers of memory chips (DRAM and NAND flash): the ones that store data in phones, computers, cars and data centers. It's a very cyclical business, with sharp price swings between shortages and gluts.

What will shape its future

  • The memory price cycle, which boosts or sinks its profits depending on shortage or oversupply.
  • Demand for high-performance memory for AI, a rapidly expanding market.
  • Its enormous investment in factories and competition from a few Asian rivals.

Breakdown by area

I.Growth
95

EPS growth: 66.7% · Revenue growth: 28.5%

II.Profitability
93

Net margin: 55.9% · ROE: 50.1% · ROIC: 62.1%

III.Financial health
95

Net debt/EBITDA: -0.28x · FCF: 29%

Source: SEC EDGAR · TTM through 28/05/2026

The score combines growth, profitability and financial strength, and here its pillars hold up evenly.

Versus its sector

Percentile against the other 101 Technology companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 98%
ROEbeats 85%
Growthbeats 80%
Cash generationbeats 69%
Less debtbeats 79%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Micron Technology Inc strengths

  • Growing earnings per share (66.7% annualized).
  • Exceptional net margin (55.9%), high even for its sector: the business is clearly profitable.
  • Outstanding return on equity (ROE of 50.1%): it puts shareholder capital to good use.
  • Excellent free-cash-flow generation (FCF margin of 29%): profit turns into real cash.

Micron Technology Inc risks and weaknesses

  • Its net debt has grown over the period.

Micron Technology Inc historical evolution

YearRevenueNet incomeFree cash flowNet debt
202021,4352,68783-981
202127,7055,8612,438-987
202230,7588,6873,114-1,356
202315,540-5,833-6,1174,753
202425,1117781216,356
202537,3788,5391,6684,935

Between 2020 and 2025, revenue went from $21,435M to $37,378M (+74%) and net income went from $2,687M to $8,539M (+218%). Meanwhile, its margins have widened (from 13% to 23%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the nine months ended May 28, 2026, versus the nine months ended May 29, 2025 (SEC filings):

  • Revenue+203%
  • Net income+785.5%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$0.46

per share, yearly

6.1% of earnings

Payout

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is Micron Technology Inc cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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Frequently asked questions

Is Micron Technology Inc a good company to invest in?

In terms of business quality, Micron Technology Inc scores 94 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Micron Technology Inc a profitable company?

Very. Micron Technology Inc shows a net margin of 55.9% and an ROE of 50.1%, typical of a highly profitable business.

Does Micron Technology Inc have a lot of debt?

No. Micron Technology Inc has a net cash position: more cash than debt.

Is Micron Technology Inc growing?

Its revenue has grown 28.5% annualized in recent years and its earnings per share 66.7%.

Does Micron Technology Inc generate cash?

Yes. It converts about 29% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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