Why did Micron Technology (MU) stock move recently?

On 9/15/2026, Micron Technology moved -5.2% — Micron declined alongside other memory and AI-hardware names after the AI-slowdown comments raised questions about the trajectory of data center capital spending. No Micron-specific news accompanied the move. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is Micron Technology (MU) overvalued or fairly valued?

MarketChacha shows Micron Technology's valuation in context — a trailing P/E of about 21.7, a forward P/E of about 4.4, a price-to-book of about 7.4 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Micron Technology's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (7.92×) from reported figures — education, not a rating.

What is Micron Technology's revenue?

Micron Technology reported revenue of $37.4B for FY2025, with net profit of $8.5B, per official filings.

What is the share price of Micron Technology (MU)?

Micron Technology last traded at $931.79 (+3.1% on the day), as of 10/27/2026 — a delayed quote shown for education, not investment advice.

Micron Technology

MU · NASDAQ · Semiconductors · United States

Snapshot

TickerMU

ExchangeNASDAQ

SectorSemiconductors

CountryUnited States

Employees61,000

HeadquartersBoise, United States

Websitewww.micron.com

Filings tracked15

About Micron Technology

Micron Technology, Inc. engages in the provision of semiconductor memory and storage products in the United States, Taiwan, Mainland China, other Asia Pacific countries, Japan, Europe, and internationally. It operates through Cloud Memory Business Unit, Core Data Center Business Unit, Mobile and Client Business Unit, and Automotive and Embedded Business Unit segments. The company provides dynamic random access memory (DRAM) products, including High-Bandwidth Memory, doublie data rate, low-power DRAM, and graphics DRAM products; NAND products comprising solid state drives, managed NAND, and multi-chip packages; and NOR products. The company sells its products under the Micron brand name and private labels through its own direct sales force, sales or representative offices, as well as through distributors, retailers, and independent sales representatives. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.

Who owns it

Insiders0.2%
Institutions80.1%
Public & other19.7%

5,063 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.9.27%
Vanguard Capital Management LLC6.51%
State Street Corporation4.43%
Invesco Ltd.3.21%
Capital World Investors2.60%
Geode Capital Management, LLC2.45%
FMR, LLC2.36%
JPMORGAN CHASE & CO2.28%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion7.92×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend-37.5% → 22.8%

Margin has expanded by about 60.4 points — the business is getting more profitable.

Return on equity15.8%

Latest ROE of 15.8% — capital is generating a healthy return.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $67.1B · EPS 42.25

Est. earnings growth +246.3%

Next fiscal year

Rev $318.9B · EPS 206.89

Est. earnings growth +17.2%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$37.4B

Net margin

22.8%

ROE

15.8%

Revenue CAGR (2y)

+55.1%

EPS (FY2025)

7.59

Net profit (FY2025)

$8.5B

Ask MarketChacha about MU

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Sep 15, 2026
Micron declined alongside other memory and AI-hardware names after the AI-slowdown comments raised questions about the trajectory of data center capital spending. No Micron-specific news accompanied the move.
source 1 ↗source 2 ↗· confidence: high
Aug 18, 2026
Micron gave back Monday's rally as long-dated Treasury yields advanced and investors took profits across AI-linked hardware. Higher yields reduce the present value of future earnings for high-multiple growth names.
source 1 ↗source 2 ↗· confidence: medium
Aug 14, 2026
Micron gained along with other semiconductor shares as AI-related optimism supported the group, even as the broader indexes wobbled on soft July retail sales and a drop in August consumer sentiment. No company-specific announcement drove the move.
source 1 ↗source 2 ↗· confidence: medium
Jul 21, 2026
Micron shares rose sharply after Bank of America added the stock to its top picks list with a Buy rating and $1,550 target, citing memory's growing role in AI capex and attractive valuations; additional positive coverage highlighted strong outlook multiples and stock-split speculation.
source 1 ↗source 2 ↗source 3 ↗· confidence: high
Jul 16, 2026
Micron shares fell with other memory chip stocks on oversupply fears sparked by Chinese rival CXMT's planned $8.5B+ IPO and broader semiconductor selloff after TSMC's earnings and higher capex guidance.
source 1 ↗source 2 ↗source 3 ↗· confidence: high
Jul 15, 2026
Micron shares fell sharply amid reports that intensifying competition from Chinese memory chip makers is set to pressure DRAM pricing and margins.
· confidence: high
Jul 14, 2026
Micron shares rose as Wall Street reacted positively to the company's July 9 announcement raising its planned U.S. manufacturing investments to more than $250 billion through 2035 to meet AI-driven memory demand, along with related analyst upgrades and political praise.
source 1 ↗source 2 ↗source 3 ↗· confidence: high
Jul 13, 2026
Micron shares slid as memory chip and AI-related stocks sold off on profit-taking after a strong first-half rally, with Middle East tensions adding pressure and SK Hynix's sharp drop plus a lowered earnings forecast weighing on the sector.
source 1 ↗source 2 ↗source 3 ↗· confidence: high
Jul 9, 2026
Micron shares rose on the company's announcement of expanded US manufacturing investments, including a new $3 billion commitment to strengthen the domestic semiconductor supply chain and raising its total planned US spending to over $250 billion through 2035 (from prior $200 billion targets).
source 1 ↗source 2 ↗source 3 ↗· confidence: high
Jul 7, 2026
Micron shares fell amid a broader semiconductor selloff, driven by Samsung's Q2 earnings report and plans to expand DRAM production capacity, which raised concerns about increased supply pressuring memory prices and margins.
source 1 ↗source 2 ↗· confidence: high
Jul 2, 2026
News that Michael Burry disclosed a new short position in Micron, warning the AI chip rally has gone too far, weighed on the stock today amid broader rotation out of AI chip names.
source 1 ↗source 2 ↗· confidence: high
Jul 1, 2026
Micron shares fell sharply today amid a broader rotation out of memory-chip and AI hardware stocks into other areas such as AI software names, following a strong first-half run, with no company-specific negative news reported.
source 1 ↗source 2 ↗· confidence: high
Jun 26, 2026
Micron shares fell amid a broader sell-off in AI and technology stocks, as investors grew wary of rising costs for building AI infrastructure following reports on potential delays in related IPOs.
source 1 ↗source 2 ↗source 3 ↗· confidence: high
Jun 25, 2026
Micron surged after its fiscal Q3 earnings (reported after close June 24 via 8-K) showed revenue up 346% YoY to $41.5B and adjusted EPS of $25.11, crushing estimates amid AI-driven memory demand and strong Q4 guidance; the 10-Q was filed today.
source 1 ↗source 2 ↗source 3 ↗· confidence: high
Jun 22, 2026
Micron shares rose on optimism ahead of its fiscal Q3 earnings report due June 24, with investors viewing the results as a key test of sustained AI-driven memory demand and semiconductor spending momentum.
source 1 ↗source 2 ↗source 3 ↗· confidence: medium

Daily moves with the verified reason behind them. Education only — not investment advice.

On MarketChacha

Posts about MU

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$37.4B	$8.5B	7.59	22.8%	15.8%
FY2024	$25.1B	$778.0M	0.70	3.1%	1.7%
FY2023	$15.5B	$-5.8B	-5.34	-37.5%	-13.2%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$41.5B	$28.2B*	24.67	—
2026Q1	$23.9B	$13.8B	12.07	57.8%
2025Q4	$13.6B	$5.2B	4.60	38.4%
2025Q2	$9.3B	$1.9B	1.68	20.3%
2025Q1	$8.1B	$1.6B	1.41	19.7%
2024Q4	$8.7B	$1.9B	1.67	21.5%
2024Q2	$6.8B	$332.0M	0.30	4.9%
2024Q1	$5.8B	$793.0M	0.71	13.6%
2023Q4	$4.7B	$-1.2B	-1.12	-26.1%
2023Q2	$3.8B	$-1.9B	-1.73	-50.5%
2023Q1	$3.7B	$-2.3B	-2.12	-62.6%

* Net profit includes one-off / non-operating items (e.g. a settlement or accounting gain), so it doesn’t reflect operating performance — net margin is hidden for that period.

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Executive/director change, Exhibits
SEC8/26/2026material
10-Q filing
SEC6/25/2026
8-K — Results of operations, Exhibits
SEC6/24/2026material
8-K — Executive/director change, Exhibits
SEC6/9/2026material
8-K — Other events, Exhibits
SEC4/1/2026material
8-K — Other events, Exhibits
SEC3/25/2026material
10-Q filing
SEC3/19/2026
8-K — Results of operations, Exhibits
SEC3/18/2026material
8-K — Bylaw/charter change, Shareholder vote results, Exhibits
SEC1/21/2026material

2025

10-Q filing
SEC12/18/2025
8-K — Results of operations, Exhibits
SEC12/17/2025material
8-K — Executive/director change, Exhibits
SEC10/21/2025material
10-K filing
SEC10/3/2025
8-K — Results of operations, Exhibits
SEC9/23/2025material
8-K — Reg FD disclosure, Exhibits
SEC8/11/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.