Memory and storage semiconductor company with key exposure to HBM, AI servers, and data-intensive compute infrastructure.
Profile & Fundamentals
Micron Technology: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Micron Technology Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Japan, Mainland China, Hong Kong, Europe, and internationally. It operates through the Cloud Memory Business Unit; Core Data Center Business Unit; Mobile and Client Business Unit; and Automotive and Embedded Business Unit segments. The company provides memory products, including dynamic random access memory components and modules, CXL-based memory, LPDDR components and modules, graphics memory, high-bandwidth memory, and data center memory products; multichip packages (MCP) comprising embedded multimedia card-based, universal flash storage-based, and NAND-based MCPs; and technology leadership products that include 1y DRAM and G9 NAND technologies. It also offers storage products, such as data center solid-state drives (SSD), client SSD storage, and auto and industrial SSD storage; managed NAND; NAND flash; NOR flash; and memory cards. In addition, the company provides design tools, including FBGA and part decoders; DRAM power calculators; NAND power calculators; simulation models; chipset compatibility guides; serial presence-detection tools; cross-reference tools; UFSparm; SSD firmware; software and drivers; storage executive software; and obsolete part catalogs. It markets its semiconductor memory and storage products under the Micron and Crucial brands. The company serves the data center, PC, graphics, networking, automotive, industrial, and consumer embedded markets, as well as the smartphone and other mobile-device markets. It sells its products through its direct sales force, independent sales representatives, distributors, and retailers; web-based customer direct sales channel; and channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.
Company profile record
Micron Technology Inc
Common Stock · Information Technology · Semiconductor Materials & Equipment
Company
- Company / asset
- Micron Technology Inc
- Security type
- Common Stock
- Sector
- Information Technology
- Industry
- Semiconductor Materials & Equipment
- HQ
- 🇺🇸 United States
- Head office
- 8000 South Federal Way, Boise, ID, United States, 83716-9632
Leadership & scale
- Chief executive
- Mr. Sanjay Mehrotra
- CEO year born
- 1959
- Full-time employees
- 53K
- Fiscal year end
- August
- IPO date
- 1984-06-01
Fundamentals snapshot
- Market Cap
- USD 1.20T
- P/E
- 14.1x
- Revenue (Q3 26)
- USD 54.2B
- Profit (Q3 26)
- USD 37.7B
- Dividend Yield
- 0.0%
- Revenue (FY 26)
- USD 133.2B
- Shares in public float
- 1.1B
- Insider ownership
- 0.24%
Reporting & identifiers
- Symbol
- MU.NASDAQ
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US5951121038
- Asset ID
- equity_843671cc-b0af-525e-a5ab-cc822260c2cf
Ownership
Shares Outstanding
Latest: 1.1B | Max: 1.2B | Min: 1.1B
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
98.13%
1.1B latest reported shares
Insider Ownership
0.24%
Latest reported insider stake
Short Float
0.02%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 1,225,000,000 |
| 2018-01-01 | 1,174,000,000 |
| 2019-01-01 | 1,129,000,000 |
| 2020-01-01 | 1,135,000,000 |
| 2021-01-01 | 1,130,000,000 |
| 2022-01-01 | 1,090,000,000 |
| 2023-01-01 | 1,100,000,000 |
| 2024-01-01 | 1,122,000,000 |
| 2025-01-01 | 1,138,000,000 |
| 2026-01-01 | 1,147,000,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 103,147,586 | 9.13% | 2026-03-31 |
| Vanguard Capital Management, LLC | 73,137,283 | 6.48% | 2026-03-31 |
| State Street Corp | 52,239,483 | 4.63% | 2026-03-31 |
| Vanguard MStar Total Stk Mkt Idx Invest | 35,839,768 | 3.17% | 2026-08-31 |
| Amvescap Plc. | 35,682,439 | 3.16% | 2026-03-31 |
| FMR Inc | 32,054,565 | 2.84% | 2026-03-31 |
| Vanguard 500 Index Investor | 29,962,401 | 2.65% | 2026-08-31 |
| Capital World Investors | 29,469,646 | 2.61% | 2026-06-30 |
| Geode Capital Management, LLC | 27,432,757 | 2.43% | 2026-03-31 |
| Invesco QQQ Trust | 24,259,424 | 2.15% | 2026-08-31 |
| Vanguard Portfolio Management, LLC | 23,024,614 | 2.04% | 2026-03-31 |
| PRIMECAP Management Company | 19,217,236 | 1.7% | 2026-06-30 |
| Morgan Stanley - Brokerage Accounts | 16,842,006 | 1.49% | 2026-03-31 |
| JPMorgan Chase & Co | 15,775,296 | 1.4% | 2026-03-31 |
| NORGES BANK | 15,180,843 | 1.34% | 2026-06-30 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
The business has staged a dramatic financial turnaround, transforming earlier operating losses into tens of billions in net income. This explosive top-line surge has been powered by extreme demand for specialized artificial intelligence memory, which commanded unprecedented pricing premiums while starving conventional server memory channels. Headline revenues and operating profits reflect exceptional operating leverage, where almost every incremental dollar of selling price flowed directly to the bottom line. However, these extraordinary results represent a cyclical peak rather than a permanent new reality. While trailing cash generation looks spectacular, true distributable cash flow is lower than headline figures suggest once customer deposit liabilities and heavy equipment purchases are properly accounted for. As industry production expands, normalized earnings will inevitably settle lower.
The business has staged a dramatic financial turnaround, transforming earlier operating losses into tens of billions in net income. This explosive top-line surge has been powered by extreme demand for specialized artificial intelligence memory, which commanded unprecedented pricing premiums while starving conventional server memory channels. Headline revenues and operating profits reflect exceptional operating leverage, where almost every incremental dollar of selling price flowed directly to the bottom line. However, these extraordinary results represent a cyclical peak rather than a permanent new reality. While trailing cash generation looks spectacular, true distributable cash flow is lower than headline figures suggest once customer deposit liabilities and heavy equipment purchases are properly accounted for. As industry production expands, normalized earnings will inevitably settle lower.
Revenue, Net Income, and Free Cash Flow
Latest: USD 133.2B | Max: USD 133.2B | Min: USD -6.1B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 16x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability metrics have ascended to the highest levels in the company's recorded history, with gross margins leaping past eighty percent in recent quarters. This miraculous margin expansion was engineered by acute supply scarcity, enabling the company to command temporary monopoly-like pricing on advanced high-bandwidth memory stacks. Fixed factory costs were spread across surging revenues, multiplying operating profit margins to historic extremes. This extraordinary margin structure is cyclical rather than permanent. In the semiconductor memory business, profit margins of this magnitude always stimulate aggressive factory construction across the global industry. Once competitor fabrication lines ramp up and packaging bottlenecks ease, pricing power will erode, guiding profit margins back toward sustainable through-cycle averages.
Profitability metrics have ascended to the highest levels in the company's recorded history, with gross margins leaping past eighty percent in recent quarters. This miraculous margin expansion was engineered by acute supply scarcity, enabling the company to command temporary monopoly-like pricing on advanced high-bandwidth memory stacks. Fixed factory costs were spread across surging revenues, multiplying operating profit margins to historic extremes. This extraordinary margin structure is cyclical rather than permanent. In the semiconductor memory business, profit margins of this magnitude always stimulate aggressive factory construction across the global industry. Once competitor fabrication lines ramp up and packaging bottlenecks ease, pricing power will erode, guiding profit margins back toward sustainable through-cycle averages.
Profitability Margins
Latest: 80.7% | Max: 80.7% | Min: -37.5%
Latest Profitability Ratios as of 2026-08-31
Gross Margin
80.7%
Gross profit / revenue
Operating Margin
74.6%
Operating income / revenue
Net Margin
63.8%
Net income / revenue
FCF Margin
67.3%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2017-08-31 | 20,322,000,000 | 5,089,000,000 | 2,900,000,000 |
| 2018-08-31 | 30,391,000,000 | 14,135,000,000 | 8,315,000,000 |
| 2019-08-31 | 23,406,000,000 | 6,313,000,000 | 3,334,000,000 |
| 2020-08-31 | 21,435,000,000 | 2,687,000,000 | 83,000,000 |
| 2021-08-31 | 27,705,000,000 | 5,861,000,000 | 2,438,000,000 |
| 2022-08-31 | 30,758,000,000 | 8,687,000,000 | 3,114,000,000 |
| 2023-08-31 | 15,540,000,000 | -5,833,000,000 | -6,117,000,000 |
| 2024-08-31 | 25,111,000,000 | 778,000,000 | 121,000,000 |
| 2025-08-31 | 37,378,000,000 | 8,539,000,000 | 1,668,000,000 |
| 2026-08-31 | 133,188,000,000 | 84,969,000,000 | 89,675,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-08-31 | 15.86 | Trailing four quarters |
| 2024-08-31 | 138.79 | Trailing four quarters |
| 2022-08-31 | 7.09 | Annual net income |
| 2021-08-31 | 14.21 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2017-08-31 | 41.51 | 28.88 | 25.04 | 14.27 |
| 2018-08-31 | 58.87 | 49.34 | 46.51 | 27.36 |
| 2019-08-31 | 45.72 | 31.51 | 26.97 | 14.24 |
| 2020-08-31 | 30.57 | 14.01 | 12.54 | 0.39 |
| 2021-08-31 | 37.62 | 22.68 | 21.16 | 8.8 |
| 2022-08-31 | 45.18 | 31.54 | 28.24 | 10.12 |
| 2023-08-31 | -9.11 | -36.97 | -37.54 | -39.36 |
| 2024-08-31 | 22.35 | 5.19 | 3.1 | 0.48 |
| 2025-08-31 | 39.79 | 26.41 | 22.84 | 4.46 |
| 2026-08-31 | 80.72 | 74.59 | 63.8 | 67.33 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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