Micron Technology (MU) Stock Analysis

June 13, 2026

Here is a fundamental analysis of Micron Technology (MU), benchmarking its profitability, financial strength, dividend and valuation against its industry group peers.

Performance

Cumulative Growth

GSPC

Micron Technology (MU) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Micron Technology (MU) and S&P 500 (GSPC). Returns over one year are annualized.

Performance at a Glance

Micron Technology (MU) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: MU	Industry group median
1-Year Return	746.93%	161.54%

Risk

Drawdown

GSPC

Micron Technology (MU) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk at a Glance

Micron Technology (MU) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: MU	Industry group median
1-Year Volatility	69.80%	67.17%
Beta	2.17	1.78

Company Profile

Company profile fields for Micron Technology (MU)
Profile Item	MU
Name	Micron Technology, Inc.
Country/Region	United States
GICS Sector	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment
GICS Industry	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Semiconductors
Market Capitalization	1,106.99 billion USD
Currency	USD
Exchange	Nasdaq
Listing Date	June 1, 1984
Security Type	Common Stock

Valuation

Price-to-Earnings Ratio (TTM)

Micron Technology (MU) trades at P/E ratio of 46.30, in the cheaper earnings-multiple quartile for its industry. Investors are paying less for each dollar of TTM earnings than they usually pay for comparable businesses.

MU

Semiconductors & Semiconductor Equipment industry group

46.30

Group distribution

Max: 261.27
Q3: 146.72
Median: 71.81
Q1: 47.83
MU: 46.30
Min: 6.57

Largest peers

AMD: 169.39
AVGO: 63.68
ASML: 62.49
MU: 46.30
TSM: 36.48
NVDA: 31.42
INTC: --

Where Micron Technology (MU) stands on P/E ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Sales Ratio (TTM)

Micron Technology (MU) trades at 19.05 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

MU

Semiconductors & Semiconductor Equipment industry group

19.05

Group distribution

Max: 37.84
Q3: 22.05
MU: 19.05
Median: 10.55
Q1: 4.79
Min: 0.02

Largest peers

AVGO: 24.09
AMD: 22.27
ASML: 21.32
NVDA: 19.61
MU: 19.05
INTC: 11.65
TSM: 0.54

Where Micron Technology (MU) stands on P/S ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Book Ratio (MRQ)

Micron Technology (MU) trades at 15.28 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

MU

Semiconductors & Semiconductor Equipment industry group

15.28

Group distribution

Max: 27.08
MU: 15.28
Q3: 14.21
Median: 7.77
Q1: 3.94
Min: 0.24

Largest peers

ASML: 1,660.67
TSM: 64.85
NVDA: 25.43
AVGO: 20.73
MU: 15.28
AMD: 12.94
INTC: 5.62

Where Micron Technology (MU) stands on P/B ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Valuation at a Glance

Micron Technology (MU) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: MU	Industry group median
Price-to-Earnings Ratio (TTM)	46.30	71.81
Price-to-Sales Ratio (TTM)	19.05	10.55
Price-to-Book Ratio (MRQ)	15.28	7.77
Free Cash Flow Yield	0.26%	0.71%

Profitability

Return on Equity (TTM)

Micron Technology (MU) posts ROE of 39.82%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

MU

Semiconductors & Semiconductor Equipment industry group

39.82%

Group distribution

MU: 39.82%
Max: 39.82%
Q3: 17.02%
Median: 6.39%
Q1: -5.42%
Min: -35.15%

Largest peers

NVDA: 114.29%
ASML: 52.24%
MU: 39.82%
AVGO: 37.28%
TSM: 36.21%
AMD: 8.06%
INTC: -2.91%

Where Micron Technology (MU) stands on ROE within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Net Profit Margin (TTM)

Micron Technology (MU) keeps 41.49% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

MU

Semiconductors & Semiconductor Equipment industry group

41.49%

Group distribution

Max: 57.72%
MU: 41.49%
Q3: 20.92%
Median: 7.04%
Q1: -4.69%
Min: -32.92%

Largest peers

NVDA: 62.97%
TSM: 46.51%
MU: 41.49%
AVGO: 38.85%
ASML: 29.71%
AMD: 13.37%
INTC: -5.90%

Where Micron Technology (MU) stands on net margin within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Operating Profit Margin (TTM)

Micron Technology (MU) turns 67.62% of revenue into operating profit on operating margin, above the industry benchmark range. Core operations are retaining an unusually large share before interest and taxes, which points to pricing power or tight cost control if the margin is sustainable.

MU

Semiconductors & Semiconductor Equipment industry group

67.62%

Group distribution

MU: 67.62%
Max: 65.60%
Q3: 21.10%
Median: 9.27%
Q1: -8.85%
Min: -46.64%

Largest peers

MU: 67.62%
NVDA: 65.60%
TSM: 58.11%
AVGO: 48.99%
ASML: 36.02%
AMD: 14.40%
INTC: 6.88%

Where Micron Technology (MU) stands on operating margin within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Profitability at a Glance

Micron Technology (MU) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: MU	Industry group median
Return on Equity (TTM)	39.82%	6.39%
Return on Assets (TTM)	20.15%	3.06%
Net Profit Margin (TTM)	41.49%	7.04%
Operating Profit Margin (TTM)	67.62%	9.27%
Gross Profit Margin (TTM)	58.44%	46.49%

Financial Strength

Current Ratio (MRQ)

Micron Technology (MU) has current ratio of 2.90, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

MU

Semiconductors & Semiconductor Equipment industry group

2.90

Group distribution

Max: 11.30
Q3: 6.09
Median: 3.28
MU: 2.90
Q1: 2.37
Min: 0.51

Largest peers

NVDA: 3.44
MU: 2.90
AMD: 2.73
TSM: 2.49
INTC: 2.31
AVGO: 2.24
ASML: 1.36

Where Micron Technology (MU) stands on current ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Debt-to-Equity Ratio (MRQ)

Micron Technology (MU) has debt-to-equity ratio of 0.15, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

MU

Semiconductors & Semiconductor Equipment industry group

0.15

Group distribution

Max: 1.44
Q3: 0.63
Median: 0.20
MU: 0.15
Q1: 0.04
Min: 0.00

Largest peers

AVGO: 0.74
INTC: 0.36
TSM: 0.18
MU: 0.15
ASML: 0.13
NVDA: 0.07
AMD: 0.06

Where Micron Technology (MU) stands on debt-to-equity ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength at a Glance

Micron Technology (MU) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: MU	Industry group median
Current Ratio (MRQ)	2.90	3.28
Debt-to-Equity Ratio (MRQ)	0.15	0.20
Net Debt / EBITDA	-0.10	-0.25

Dividends

Dividend Yield (TTM)

Micron Technology (MU) has dividend yield of 0.06%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

MU

Semiconductors & Semiconductor Equipment industry group

0.06%

Group distribution

Max: 0.93%
Q3: 0.39%
MU: 0.06%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

TSM: 0.90%
AVGO: 0.68%
NVDA: 0.49%
ASML: 0.47%
MU: 0.06%
AMD: 0.00%
INTC: 0.00%

Where Micron Technology (MU) stands on dividend yield within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Micron Technology (MU) has payout ratio of 2.17%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

MU

Semiconductors & Semiconductor Equipment industry group

2.17%

Group distribution

Max: 41.26%
Q3: 19.10%
MU: 2.17%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

AVGO: 41.26%
TSM: 27.93%
ASML: 25.82%
MU: 2.17%
NVDA: 0.61%
AMD: 0.00%
INTC: 0.00%

Where Micron Technology (MU) stands on payout ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividends at a Glance

Micron Technology (MU) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: MU	Industry group median
Dividend Yield (TTM)	0.06%	0.00%
Dividend Payout Ratio (TTM)	2.17%	0.00%