TORVANTA
Information Technology · S&P 500 · data as of 2026-10-05

MU stock analysis: Micron

Micron (MU) is an S&P 500 company in Memory Semiconductors. It grades strongest on growth and profitability.

The model's view of MU · subscribers

Where MU ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with MU · updated 2026-10-05 · from prices and SEC filings

MU price performance

MU against the S&P 500, one year
+0%+200%+400%+600%MU +550%S&P 500 +18%2025-09-292026-10-05
Year to date+273.0%S&P 500 +14.5% · ahead by 258.5 pts
1 year+467.0%S&P 500 +17.0% · ahead by 450.0 pts
3 years+1458.2%S&P 500 +89.3% · ahead by 1369.0 pts
5 years+1445.7%S&P 500 +91.3% · ahead by 1354.4 pts

Total returns with dividends reinvested.

MU factor grades

Each grade compares MU with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

BValueP/E 24.1x (sector 36.5x)FCF yield 2.2% (sector 3.0%)
A+GrowthRevenue growth +167% (sector +18%)EPS growth +695% (sector +37%)
A-ProfitabilityOperating margin 65.6% (sector 23.7%)ROIC 66.3% (sector 20.3%)
B+Momentum12-month change +467%From 52-wk high -12%

MU in plain numbers

MU key statistics

SectorInformation Technology
IndustryMemory Semiconductors
IndexS&P 500
Market value$1.2T
Revenue growth (y/y)+167%
Free-cash-flow yield2.2%
Dividend yield0.0%
Next earnings (expected)2026-12-16
Valuation measures
Market value$1.20T
Enterprise value$1.18T
P/E (trailing)24.1x
Forward P/E (Torvanta estimate)16.1x
PEG (Torvanta estimate)0.32
Price / sales13.3x
Price / book11.9x
EV / revenue13.0x
EV / EBITDA17.2x
Financial highlights
Revenue, last 12 months$90.3B
Net income, last 12 months$50.5B
EPS, last 12 months (GAAP)$44.18
Gross margin72.6%
Operating margin65.6%
Net margin55.9%
Return on equity66.6%
Return on invested capital66.3%
Cash$25.0B
Total debt$582.0M
Debt / equity0.01x
Free cash flow, last 12 months$26.2B
Interest cover257.6x
Current ratio3.42x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

MU earnings trends

Revenue vs earnings
$0$10.4B$20.7B$31.1B$41.5BAug 2024 Revenue: $7.8BNov 2024 Revenue: $8.7BFeb 2025 Revenue: $8.1BMay 2025 Revenue: $9.3BAug 2025 Revenue: $11.3BNov 2025 Revenue: $13.6BFeb 2026 Revenue: $23.9BMay 2026 Revenue: $41.5BAug 2024 Net income: $887.0MNov 2024 Net income: $1.9BFeb 2025 Net income: $1.6BMay 2025 Net income: $1.9BAug 2025 Net income: $3.2BNov 2025 Net income: $5.2BFeb 2026 Net income: $13.8BMay 2026 Net income: $28.2BAug 2024Nov 2024Feb 2025May 2025Aug 2025Nov 2025Feb 2026May 2026Net margin: 11.4%Net margin: 21.5%Net margin: 19.7%Net margin: 20.3%Net margin: 28.3%Net margin: 38.4%Net margin: 57.8%Net margin: 68.1%0%34%68%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$6.2$12.3$18.5$24.7Aug 2024 EPS (GAAP, diluted): $0.8Nov 2024 EPS (GAAP, diluted): $1.7Feb 2025 EPS (GAAP, diluted): $1.4May 2025 EPS (GAAP, diluted): $1.7Aug 2025 EPS (GAAP, diluted): $2.8Nov 2025 EPS (GAAP, diluted): $4.6Feb 2026 EPS (GAAP, diluted): $12.1May 2026 EPS (GAAP, diluted): $24.7Aug 2024Nov 2024Feb 2025May 2025Aug 2025Nov 2025Feb 2026May 2026■ EPS (GAAP, diluted) Change from a year earlier: Aug 2025 +255% · Nov 2025 +175% · Feb 2026 +756% · May 2026 +1368%

From the company's 10-Q and 10-K filings with the SEC.

Micron financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$27.7B$30.8B$15.5B$25.1B$37.4B
Net income$5.9B$8.7B-$5.8B$778.0M$8.5B
EPS (GAAP)$5.15$7.75$-5.34$0.69$7.60
Free cash flow$2.4B$3.1B-$6.1B$121.0M$1.7B

MU earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-06-24$24.67+1368%+346%+15.3%
2026-03-18$12.07+756%+196%-2.1%
2025-12-17$4.60+175%+57%+7.2%
2025-09-23$2.84+255%+46%-0.9%
2025-06-25$1.68+460%+37%-2.3%
2025-03-20$1.41+99%+38%-6.9%

About Micron

HeadquartersBoise, ID
Industry (SEC code)Semiconductors & Related Devices
Fiscal year endsSeptember 3
Incorporated inDE
Listed onNasdaq

From the company's SEC registration record.

Companies similar to MU

CompanyMarket valueP/ERevenue growthOperating margin12-month change
MU Micron$1.2T24.1x+167%65.6%+467%
AMD Advanced Micro Devices$1.0T162.4x+40%15.7%+284%compare
AVGO Broadcom$1.7T46.2x+49%48.0%+8%compare
INTC Intel$586.1Bn/a+7%-0.1%+215%compare
PLTR Palantir$486.5B163.3x+79%42.8%+9%
CSCO Cisco$444.8B33.8x+12%24.3%+69%
LRCX Lam Research$432.7B60.0x+26%35.3%+138%

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Frequently asked questions

Is MU stock a buy?

Torvanta does not tell individuals what to buy. Its grades for MU are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is MU's P/E ratio?

MU trades at about 24.1 times its last 12 months of GAAP earnings reported to the SEC, and about 16.1 times Torvanta's own estimate of the next 12 months.

When does MU report earnings next?

Based on its filing history, Torvanta expects Micron to report around 2026-12-16.

Does MU pay a dividend?

Yes. Its dividend yield is about 0.0%.

How has MU performed against the S&P 500?

Over the past year MU returned +467.0%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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