Micron Technology (MU)
Makes DRAM and NAND memory for AI data centers, devices, vehicles and industrial systems.
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Designs and manufactures DRAM, NAND and NOR memory, including HBM, server modules, managed NAND and SSDs for data centers, phones, PCs, vehicles and industrial systems. A global fabrication network and volatile memory prices shape results, with data centers now the largest demand center.
Designs and manufactures DRAM, NAND and NOR memory, selling components, modules, solid-state drives and managed NAND. Cloud Memory supplies HBM and server memory to hyperscale data-center customers; Core Data Center adds enterprise and OEM memory plus data-center SSDs. Mobile and Client serves phones and PCs, while Automotive and Embedded covers vehicles, industrial systems and consumer devices.
Combines proprietary process technology with controller, firmware and packaging work, then manufactures through a network spanning the United States, Taiwan, Singapore, Japan, Malaysia, China and India. Most products ship outside the United States, and data centers account for roughly half of revenue.
Results remain tied to volatile DRAM and NAND pricing, capital-intensive fabrication, a concentrated customer base and reliable supplies of specialized equipment, materials, power and water. A majority of DRAM output comes from Taiwan, while China bars critical-infrastructure operators from purchasing its products.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 25, 2026 | Mizuho Securities | Target | Target: $1,375 | Target: $1,300 |
| Aug 20, 2026 | BMO Capital | Target | Target: $70 | Target: $1,300 |
| Aug 14, 2026 | HSBC | Downgrade | ||
| Aug 14, 2026 | Wells Fargo | Downgrade | ||
| Aug 14, 2026 | Jefferies | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, May 28, 2026Cash & short-term investments $26.02B · Total debt $6.38B · Total assets $134.11B · Shareholders' equity $100.72B
- Revenue
- $41.46B
- Operating income
- $33.32B
- Net income
- $28.24B
HistoryDividendAnnual yield
| Institutions | 78.40% | 885.41M shares | |
|---|---|---|---|
| 4,166 holders · as of Jun 30, 2026 | |||
| Insiders | 0.22% | 2.50M shares | |
| 19 holders · as of Aug 28, 2026 | |||
| Strategic holders | 5.12% | 57.78M shares | |
| 1 holder · as of Dec 12, 2016 | |||
| Other | 16.26% | 183.70M shares | |
| remainder | |||
1.13B company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 9.28% | 104.83M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.52% | 73.66M | as of Jun 30, 2026 |
Nanya Technology Corp.Strategic | 5.12% | 57.78M | filed Dec 12, 2016 |
PRIMECAP Management CompanyInstitution | 4.95% | 55.88M | filed Feb 12, 2020 |
State Street CorpInstitution | 4.43% | 50.08M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 26, 2026 | Alexis Bjorlin | director | −25 | $1,132.33 |
| Aug 21, 2026 | Sanjay Mehrotra | director, officer: President and CEO | −40,000 | $968.90 |
| Aug 18, 2026 | Sumit Sadana | officer: EVP and Chief Business Officer | −15,000 | $934.29 |
| Jul 24, 2026 | Sanjay Mehrotra | director, officer: President and CEO | −40,000 | $932.25 |
| Jul 23, 2026 | Scott R. Allen | officer: CVP, Chief Accounting Officer | −879 | $1,000.00 |
- SK hynix (ADR)
A memory chip maker supplying HBM for AI servers, DRAM for servers and mobile devices, and NAND for storage.
- Sandisk
A NAND flash specialist making SSDs for data centers and PCs, as well as memory cards.
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Micron Technology | $1,030.90 | −1.22% | $1.18T | 23.6 | 7.2 | 13.1 | +345.7% |
| SK hynix (ADR) | $186.55 | −1.23% | $1.34T | 11.3 | 8.2 | 9.6 | +237.1% |
| Sandisk | $1,758.00 | −0.67% | $261.62B | 24.0 | 8.4 | 12.9 | +371.6% |
| Median | 17.6 | 8.3 | 11.3 | +304.3% |