MU vs. TSM: Micron Technology vs. TSMC Stock Comparison

July 23, 2026

How do Micron Technology (MU) and TSMC (TSM) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Micron Technology (MU) and TSMC (TSM) are both classified in the Semiconductors sub-industry within the broader Semiconductors & Semiconductor Equipment industry, placing them in the closest GICS peer bucket.

Micron Technology (MU) trades as ordinary local shares, while TSMC (TSM) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Micron Technology (MU) and TSMC (TSM)
Profile Item	MU	TSM
Name	Micron Technology, Inc.	Taiwan Semiconductor Manufacturing Co. Ltd. ADR
Country/Region	United States	Taiwan
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Industry	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Semiconductors	Semiconductors
Market Capitalization	1,096.44 billion USD	2,202.23 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	June 1, 1984	October 9, 1997
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

TSM

GSPC

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

Trailing Returns

Loading price history…

Trailing total returns for Micron Technology (MU) and TSMC (TSM). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

Calendar-year total returns for Micron Technology (MU) and TSMC (TSM). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Micron Technology (MU) and TSMC (TSM)
Metric	MU	TSM
Total Return (1Y)	758.76%	79.74%
Total Return (3Y, Annualized)	146.36%	65.77%
Total Return (5Y, Annualized)	66.76%	31.34%

Risk Profile

Drawdown History

TSM

GSPC

Micron Technology (MU) vs. TSMC (TSM), with S&P 500 (GSPC) for reference: 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

Loading price history…

Distribution of monthly total returns for Micron Technology (MU) and TSMC (TSM). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Micron Technology (MU) and TSMC (TSM)
Metric	MU	TSM
Volatility (1Y, Annualized)	77.35%	39.80%
Beta (5Y)	2.17	1.38
Max Drawdown (5Y)	-57.63%	-56.47%
Avg. Volume (3M)	51.82M	14.21M

Risk-Adjusted Performance

Risk-Return Positioning

MU and TSM are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Micron Technology (MU) and TSMC (TSM)
Metric	MU	TSM
Sharpe Ratio (1Y)	9.76	1.90
Sortino Ratio (1Y)	16.88	2.95

Profitability

ROE (TTM)

Both companies show strong equity returns, but Micron Technology (MU) at 66.64% is the standout with ROE above its industry range; TSMC (TSM) at 39.97% also sits in the top quartile.

MU

Semiconductors & Semiconductor Equipment industry group

66.64%

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

TSM

Semiconductors & Semiconductor Equipment industry group

39.97%

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

Micron Technology (MU) vs. TSMC (TSM): A comparison of their ROE against the Semiconductors & Semiconductor Equipment industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Micron Technology (MU) at 55.91% and TSMC (TSM) at 49.92% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

MU

Semiconductors & Semiconductor Equipment industry group

55.91%

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

TSM

Semiconductors & Semiconductor Equipment industry group

49.92%

Max: 57.72%
TSM: 49.92%
Q3: 21.04%
Median: 7.16%
Q1: -3.57%
Min: -32.92%

Micron Technology (MU) vs. TSMC (TSM): A comparison of their net margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Operating Margin (TTM)

Micron Technology (MU) at 80.37% shows unusually strong operating efficiency — above its industry’s operating margin range — and TSMC (TSM) at 60.34% also operates in the top quartile.

MU

Semiconductors & Semiconductor Equipment industry group

80.37%

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

TSM

Semiconductors & Semiconductor Equipment industry group

60.34%

Max: 61.85%
TSM: 60.34%
Q3: 21.10%
Median: 10.43%
Q1: -6.83%
Min: -46.64%

Micron Technology (MU) vs. TSMC (TSM): A comparison of their operating margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Micron Technology (MU) and TSMC (TSM)
Metric	MU	TSM
ROE (TTM)	66.64%	39.97%
ROA (TTM)	34.87%	19.01%
Net Margin (TTM)	55.91%	49.92%
Operating Margin (TTM)	80.37%	60.34%
Gross Margin (TTM)	72.57%	64.23%

Growth

Revenue Growth

Both Micron Technology (MU) at 48.85% and TSMC (TSM) at 31.61% sit in the top peer quartile for revenue growth, so each is growing its top line faster than typical industry peers.

Micron Technology (MU) vs. TSMC (TSM): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both companies show strong earnings momentum, but Micron Technology (MU) at 984.29% is the standout with EPS growth above its industry range; TSMC (TSM) at 44.69% also sits in the top quartile.

Micron Technology (MU) vs. TSMC (TSM): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Micron Technology (MU) and TSMC (TSM)
Metric	MU	TSM
Revenue Growth (YoY)	48.85%	31.61%
Revenue Growth (3Y CAGR)	6.71%	18.94%
EPS Growth (YoY)	984.29%	44.69%
EPS Growth (3Y CAGR)	-0.69%	18.65%

Financial Strength

Current Ratio (MRQ)

Both Micron Technology (MU) at 3.43 and TSMC (TSM) at 2.46 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

MU

Semiconductors & Semiconductor Equipment industry group

3.43

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

TSM

Semiconductors & Semiconductor Equipment industry group

2.46

Max: 11.30
Q3: 6.01
Median: 3.31
TSM: 2.46
Q1: 2.40
Min: 0.51

Micron Technology (MU) vs. TSMC (TSM): A comparison of their current ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Debt / Equity (MRQ)

Both Micron Technology (MU) at 0.06 and TSMC (TSM) at 0.15 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

MU

Semiconductors & Semiconductor Equipment industry group

0.06

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

TSM

Semiconductors & Semiconductor Equipment industry group

0.15

Max: 1.44
Q3: 0.63
Median: 0.23
TSM: 0.15
Q1: 0.05
Min: 0.00

Micron Technology (MU) vs. TSMC (TSM): A comparison of their debt-to-equity ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Micron Technology (MU) and TSMC (TSM)
Metric	MU	TSM
Current Ratio (MRQ)	3.43	2.46
Debt / Equity (MRQ)	0.06	0.15
Net Debt / EBITDA	-0.29	-0.80

Dividends

Dividend Yield (TTM)

Micron Technology (MU) at 0.06% pays an industry-typical yield; TSMC (TSM) at 2.98% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.

MU

Semiconductors & Semiconductor Equipment industry group

0.06%

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

TSM

Semiconductors & Semiconductor Equipment industry group

2.98%

TSM: 2.98%
Max: 0.58%
Q3: 0.26%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Micron Technology (MU) vs. TSMC (TSM): A comparison of their dividend yield against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Micron Technology (MU) at 1.12% pays out a band-typical share of earnings, while TSMC (TSM) at 27.93% distributes more than its industry norm — less retained, thinner cover.

MU

Semiconductors & Semiconductor Equipment industry group

1.12%

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

TSM

Semiconductors & Semiconductor Equipment industry group

27.93%

Max: 47.82%
TSM: 27.93%
Q3: 20.31%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Micron Technology (MU) vs. TSMC (TSM): A comparison of their payout ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Micron Technology (MU) and TSMC (TSM)
Metric	MU	TSM
Dividend Yield (TTM)	0.06%	2.98%
Dividend Payout Ratio (TTM)	1.12%	27.93%

Valuation

P/E Ratio (TTM)

Both Micron Technology (MU) at 19.57 and TSMC (TSM) at 34.98 sit in the cheaper earnings-multiple quartile for P/E ratio, with the market paying less for a dollar of trailing earnings than it pays for typical peers.

MU

Semiconductors & Semiconductor Equipment industry group

19.57

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

TSM

Semiconductors & Semiconductor Equipment industry group

34.98

Max: 239.97
Q3: 120.44
Median: 60.23
Q1: 38.22
TSM: 34.98
Min: 10.70

Micron Technology (MU) vs. TSMC (TSM): A comparison of their P/E ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/S Ratio (TTM)

TSMC (TSM) at 0.50 sits in the cheaper P/S ratio quartile while Micron Technology (MU) at 12.15 prices around its industry’s middle — TSM costs less per dollar of sales, though read it alongside growth and margins.

MU

Semiconductors & Semiconductor Equipment industry group

12.15

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

TSM

Semiconductors & Semiconductor Equipment industry group

0.50

Max: 38.55
Q3: 19.36
Median: 9.29
Q1: 3.87
TSM: 0.50
Min: 0.01

Micron Technology (MU) vs. TSMC (TSM): A comparison of their P/S ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/B Ratio (MRQ)

Micron Technology (MU) at 10.88 sits near its industry’s typical P/B ratio, while TSMC (TSM) at 88.45 prices above its benchmark range — TSM looks rich relative to book.

MU

Semiconductors & Semiconductor Equipment industry group

10.88

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

TSM

Semiconductors & Semiconductor Equipment industry group

88.45

TSM: 88.45
Max: 22.39
Q3: 11.52
Median: 7.03
Q1: 3.43
Min: 0.18

Micron Technology (MU) vs. TSMC (TSM): A comparison of their P/B ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Micron Technology (MU) and TSMC (TSM)
Metric	MU	TSM
P/E Ratio (TTM)	19.57	34.98
P/S Ratio (TTM)	12.15	0.50
P/B Ratio (MRQ)	10.88	88.45
Free Cash Flow Yield (TTM)	0.70%	33.56%