Micron Technology, Inc. (MU) – Company Overview, Business Model & Stock Analysis

Micron Technology (MU) Symbol Information

MU trades on the Nasdaq Global Select Market, as stated on the cover of Micron’s annual report, under the ticker symbol MU. The panel below summarizes the current symbol — price, exchange and identifying details — as a quick reference before reviewing deeper fundamentals and charts.

Market information shown here may update dynamically throughout the trading session. Verify any material figure through Micron’s official filings and its investor relations site.

MU Advanced Stock Chart

The interactive chart below displays MU price and volume history across time intervals from intraday to multi-year views. Developments that Micron’s own filings highlight include HBM progress (its 10-K says HBM3E 12-high represented the majority of its HBM shipments in the fourth quarter of fiscal 2025 and that HBM4 samples were delivered to key customers), the repayment of several senior notes and cash tender offers for others during fiscal 2026, strategic customer agreements structured as take-or-pay with binding volume commitments, and leadership appointments announced on August 26, 2026. Memory pricing, customer demand, capital spending, government incentives and trade policy can also influence sentiment, so price history is one input among several and should be read alongside fundamentals. See also SaGeminieTech’s Artificial Intelligence hub.

Chart patterns are not guarantees of future performance. Price movements may reflect quarterly results and guidance, changes in memory prices, capital-spending plans, customer commitments, trade and export policy or broader sentiment toward semiconductor stocks.

Micron Technology Financial Statements and Fundamentals

Key figures worth examining for Micron include revenue and its mix, gross and operating margin, capital expenditure, cash generation, customer concentration and balance-sheet liquidity. In fiscal 2025 revenue was $37.4 billion, up from $25.1 billion in fiscal 2024 and $15.5 billion in fiscal 2023; operating income was $9.8 billion after an operating loss of $5.7 billion in fiscal 2023, and net cash provided by operating activities was $17.5 billion against $15.9 billion of expenditures for property, plant, and equipment (10-K). DRAM made up $28.6 billion, or 76.5%, of fiscal 2025 revenue (calculated from Note 21). One customer accounted for 17% of fiscal 2025 revenue, primarily in the Cloud Memory segment; the 10-K reports 10% for fiscal 2024 and no customer at 10% in fiscal 2023.

The most recent filing covers the quarter ended May 28, 2026. Micron reported revenue of $41.5 billion for the quarter, up from $9.3 billion a year earlier, and operating income of $33.3 billion (10-Q, tables below); revenue for the first nine months of fiscal 2026 was $79.0 billion. On capital return, Micron paid dividends of $0.115 per share in the first and second quarters of fiscal 2026 and $0.15 per share in the third quarter, declared another $0.15 per share on June 24, 2026, and repurchased 2.5 million shares for $650 million in the first nine months of fiscal 2026, none in the third quarter; the 10-Q notes that repurchases are subject to restrictions under its CHIPS Act direct funding agreements. Cash and investments were $30.1 billion at May 28, 2026 (calculated) and debt including finance leases was $5.7 billion, versus $14.6 billion at August 28, 2025 (tables below).

Source: Micron Annual Report on Form 10-K for the fiscal year ended August 28, 2025 (SEC filing, filed 2025-10-03); fiscal 2023 and 2024 comparatives as presented in that filing. Micron’s fiscal years 2023–2025 each contained 52 weeks. Rows marked “calculated” are derived by SaGeminieTech from the reported inputs shown and are not company-reported measures. Figures are in millions of U.S. dollars except per-share amounts; parentheses indicate a negative number.

Source: Micron Quarterly Report on Form 10-Q for the quarter ended May 28, 2026 (SEC filing, filed 2026-06-25), unaudited. For the first nine months of fiscal 2026 the company reported revenue of $78,959 million, operating income of $55,589 million, net income of $47,268 million and diluted earnings per share of $41.40; the quarter’s diluted earnings per share were $24.67. These amounts are not annualized and should not be read as a forecast.

Sources: 10-Q for the quarter ended May 28, 2026 (filing) and the fiscal 2025 10-K (filing). Debt is the sum of the current-debt and long-term-debt lines, which include finance lease obligations of $2,670 million and $3,044 million respectively; the 10-Q reports repayment of the 2028, 2029 and 2030 notes and the 2029 term loan during fiscal 2026 and lower balances of the 2031–2035 notes at May 28, 2026 than at August 28, 2025; separately, an 8-K filed 2026-04-01 describes cash tender offers for those notes announced in March 2026. The 10-Q text does not link the two. Micron reports approximately $5 billion of remaining performance obligations at May 28, 2026 under recently executed strategic customer agreements (about one-third expected to be recognized within twelve months); at August 28, 2025 they were not material.

Financial panels should be read across multiple reporting periods rather than a single quarter, and checked against Micron’s filings: the fiscal 2025 Form 10-K and the third-quarter fiscal 2026 Form 10-Q. Micron’s fiscal 2026 ended in early September 2026; its fourth-quarter results and annual report were not yet filed when this page was prepared, so the figures here will be superseded.

Micron Technology Company Profile and Business Model

Micron says it is an industry leader in memory and storage solutions, delivering DRAM, NAND and NOR products through its Micron and Crucial brands, with products that enable AI and compute-intensive applications from the data center to the intelligent edge and client and mobile devices. It manufactures at wholly-owned facilities and also uses subcontractors for certain manufacturing processes. Its 10-K lists principal operations in Taiwan, Singapore, the United States, Japan, Malaysia, China and India, and states that it had approximately 53,000 employees at August 28, 2025, located primarily in Asia, North America and Europe.

Micron reports four segments organized by market: the Cloud Memory Business Unit (hyperscale cloud customers and HBM for all data-center customers), the Core Data Center Business Unit, the Mobile and Client Business Unit, and the Automotive and Embedded Business Unit. For HBM, the 10-K says the company began volume production of 8-high 24GB HBM3E in 2024, that HBM3E 12-high represented the majority of HBM shipments in the fourth quarter of fiscal 2025, and that HBM4 remained on schedule for volume production in calendar 2026. In the 10-Q, Micron says it recently executed strategic customer agreements structured as take-or-pay, with binding multi-year volume commitments and, in many cases, customer deposits; it says the remaining performance obligations disclosed are based on minimum committed volumes and pricing and are not expected to indicate future revenue under these contracts.

The fiscal 2025 10-K (filed October 2025) lists Sanjay Mehrotra as Chairman, President and Chief Executive Officer, and an 8-K signed on June 24, 2026 lists Mark Murphy as Executive Vice President and Chief Financial Officer. On August 26, 2026 Micron announced that Manish Bhatia, formerly Executive Vice President, Global Operations, was appointed President and Chief Operating Officer and that Dr. Scott DeBoer, formerly Executive Vice President, Chief Technology and Products Officer, was appointed President and Chief Technology and Products Officer, effective immediately (8-K). This section profiles the listed company; for wider context on memory in AI systems see SaGeminieTech’s Semiconductors hub and its company profile of ASML, a supplier of chipmaking equipment to the industry.

Source: fiscal 2025 10-K, Note 21 (filing). The 10-K states that revenue is primarily recognized at a point in time when control of the goods transfers, and that substantially all customer contracts are short-term at fixed, negotiated prices.

Source: fiscal 2025 10-K, segment note (filing). Micron says its business units are based on market segments and that it does not report assets or capital expenditures by segment. Business-unit definitions: CMBU serves large hyperscale cloud customers and HBM for all data-center customers; CDBU serves mid-tier cloud, enterprise and OEM data-center customers and storage for all data-center customers; MCBU serves mobile and client; AEBU serves automotive, industrial and consumer.

Source: 10-Q for the quarter ended May 28, 2026 (filing), unaudited. All four business units reported higher revenue than a year earlier.

Micron’s revenue is concentrated in DRAM (76.5% of fiscal 2025, calculated) and in a small number of large customers (one customer was 17% of fiscal 2025 revenue). Business-unit mix changed sharply in the latest quarter: Core Data Center revenue rose from $1.5 billion to $11.5 billion year over year. For the wider industry context see SaGeminieTech’s Semiconductors hub.

Micron Technology Technical Analysis

This widget summarizes technical indicators — moving averages, oscillators and overall signal counts — for MU across selected timeframes.

Technical signals change as new data arrives and should not be treated as a recommendation. Consider them together with fundamentals, the volatility in memory selling prices that Micron’s 10-K describes as a risk, and the timing of quarterly results.

Micron Technology Historical Stock-Price Overview

The overview below covers MU price and percentage change across several date ranges, with volume and moving-average context. Micron’s reported revenue rose from $15.5 billion in fiscal 2023 to $37.4 billion in fiscal 2025 (table above), while operating margin, calculated from reported figures, moved from −37.0% to 26.1% over the same period. Price history is best interpreted alongside those developments and the company’s own description of volatile average selling prices, rather than in isolation.

Historical performance does not guarantee future results and reflects a specific past period only.

Micron Technology Shariah Compliance Snapshot

The snapshot below reflects third-party Shariah screening for MU based on AAOIFI-derived methodology, as reported by two providers, Zoya and Musaffa. Both public pages were read on 2026-09-21. Screening results change as market capitalization, debt, cash and non-permissible income change — treat this as a starting reference, not a permanent certification. Neither provider’s screen is an AAOIFI certification, and each applies its own thresholds.

Latest Micron Technology News

The feed below may include dynamically updated market stories related to Micron.

Distinguish between official Micron announcements, SEC filings, earnings releases, analyst commentary and general media coverage. Verify material news through Micron’s investor relations page and its SEC filings.