Micron Technology (MU) Stock Analysis

July 23, 2026

This is a peer-relative look at Micron Technology (MU): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Semiconductors & Semiconductor Equipment peers, so every number reads in context rather than in isolation.

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	1,096.44 billion USD
Currency	USD
Exchange	Nasdaq
Listing Date	June 1, 1984
Security Type	Common Stock

Price 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.

Calendar-Year Returns

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Calendar-year total returns for Micron Technology (MU) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Micron Technology (MU) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: MU	Industry group median
Total Return (1Y)	758.76%	79.34%
Total Return (3Y, Annualized)	146.36%	26.47%
Total Return (5Y, Annualized)	66.76%	17.34%

Risk Profile

Drawdown History

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.

Return Distribution

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Distribution of monthly total returns for Micron Technology (MU) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Micron Technology (MU) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: MU	Industry group median
Volatility (1Y, Annualized)	77.35%	68.86%
Beta (5Y)	2.17	1.78
Max Drawdown (5Y)	-57.63%	-64.81%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. MU is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Micron Technology (MU) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: MU	Industry group median
Sharpe Ratio (1Y)	9.76	1.21
Sortino Ratio (1Y)	16.88	2.08

Profitability

ROE (TTM)

Micron Technology (MU) posts ROE of 66.64%, above the industry benchmark range. Equity is being turned into profit at an exceptional rate, but very high ROE should still be checked against leverage, buybacks, and the size of the equity base.

MU

Semiconductors & Semiconductor Equipment industry group

66.64%

Group distribution

MU: 66.64%
Max: 39.97%
Q3: 17.11%
Median: 6.75%
Q1: -4.17%
Min: -35.15%

Largest peers

NVDA: 114.29%
MU: 66.64%
ASML: 53.94%
TSM: 39.97%
AVGO: 37.28%
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 Margin (TTM)

Micron Technology (MU) keeps 55.91% 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

55.91%

Group distribution

Max: 57.72%
MU: 55.91%
Q3: 21.04%
Median: 7.16%
Q1: -3.57%
Min: -32.92%

Largest peers

NVDA: 62.97%
MU: 55.91%
TSM: 49.92%
AVGO: 38.85%
ASML: 30.11%
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 Margin (TTM)

Micron Technology (MU) turns 80.37% 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

80.37%

Group distribution

MU: 80.37%
Max: 61.85%
Q3: 21.10%
Median: 10.43%
Q1: -6.83%
Min: -46.64%

Largest peers

MU: 80.37%
NVDA: 65.60%
TSM: 60.34%
AVGO: 48.99%
ASML: 37.06%
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 Metrics

Micron Technology (MU) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: MU	Industry group median
ROE (TTM)	66.64%	6.75%
ROA (TTM)	34.87%	3.59%
Net Margin (TTM)	55.91%	7.16%
Operating Margin (TTM)	80.37%	10.43%
Gross Margin (TTM)	72.57%	46.65%

Growth

Revenue Growth

Micron Technology (MU) grew revenue 48.85%, in the upper peer quartile. The top line is expanding faster than at most industry peers, which points to share gains or stronger pricing.

Micron Technology (MU): Revenue Growth across different time periods, set against Semiconductors & Semiconductor Equipment industry-group medians.

EPS Growth

Micron Technology (MU) grew earnings per share 984.29%, above the industry benchmark range. Profits are compounding faster than at any typical peer, though a depressed base year can inflate the percentage, so the level of earnings matters alongside the rate.

Micron Technology (MU): EPS Growth across different time periods, set against Semiconductors & Semiconductor Equipment industry-group medians.

Growth Metrics

Micron Technology (MU) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: MU	Industry group median
Revenue Growth (YoY)	48.85%	9.94%
Revenue Growth (3Y CAGR)	6.71%	-0.00%
EPS Growth (YoY)	984.29%	4.52%
EPS Growth (3Y CAGR)	-0.69%	-10.01%

Financial Strength

Current Ratio (MRQ)

Micron Technology (MU) has current ratio of 3.43, 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

3.43

Group distribution

Max: 11.30
Q3: 6.01
MU: 3.43
Median: 3.31
Q1: 2.40
Min: 0.51

Largest peers

NVDA: 3.44
MU: 3.43
AMD: 2.73
TSM: 2.46
INTC: 2.31
AVGO: 2.24
ASML: 1.33

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 / Equity (MRQ)

Micron Technology (MU) has debt-to-equity ratio of 0.06, 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

0.06

Group distribution

Max: 1.44
Q3: 0.63
Median: 0.23
MU: 0.06
Q1: 0.05
Min: 0.00

Largest peers

AVGO: 0.74
INTC: 0.36
TSM: 0.15
ASML: 0.09
NVDA: 0.07
MU: 0.06
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 Metrics

Micron Technology (MU) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: MU	Industry group median
Current Ratio (MRQ)	3.43	3.31
Debt / Equity (MRQ)	0.06	0.23
Net Debt / EBITDA	-0.29	-0.29

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: 0.58%
Q3: 0.26%
MU: 0.06%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

TSM: 2.98%
AVGO: 0.67%
ASML: 0.25%
MU: 0.06%
NVDA: 0.02%
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 1.12%, 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

1.12%

Group distribution

Max: 47.82%
Q3: 20.31%
MU: 1.12%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

AVGO: 41.26%
ASML: 29.72%
TSM: 27.93%
MU: 1.12%
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.

Dividend Metrics

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)	1.12%	0.00%

Valuation

P/E Ratio (TTM)

Micron Technology (MU) trades at P/E ratio of 19.57, 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

19.57

Group distribution

Max: 239.97
Q3: 120.44
Median: 60.23
Q1: 38.22
MU: 19.57
Min: 10.70

Largest peers

AMD: 166.49
AVGO: 62.85
ASML: 60.23
TSM: 34.98
NVDA: 31.17
MU: 19.57
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.

P/S Ratio (TTM)

Micron Technology (MU) trades at 12.15 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

12.15

Group distribution

Max: 38.55
Q3: 19.36
MU: 12.15
Median: 9.29
Q1: 3.87
Min: 0.01

Largest peers

AVGO: 24.37
AMD: 23.70
NVDA: 19.81
ASML: 19.59
MU: 12.15
INTC: 9.86
TSM: 0.50

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.

P/B Ratio (MRQ)

Micron Technology (MU) trades at 10.88 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

MU

Semiconductors & Semiconductor Equipment industry group

10.88

Group distribution

Max: 22.39
Q3: 11.52
MU: 10.88
Median: 7.03
Q1: 3.43
Min: 0.18

Largest peers

ASML: 1,621.71
TSM: 88.45
NVDA: 25.69
AVGO: 20.97
AMD: 13.77
MU: 10.88
INTC: 4.75

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 Metrics

Micron Technology (MU) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: MU	Industry group median
P/E Ratio (TTM)	19.57	60.23
P/S Ratio (TTM)	12.15	9.29
P/B Ratio (MRQ)	10.88	7.03
Free Cash Flow Yield (TTM)	0.70%	0.77%