Why did Micron Technology (MU) stock move recently?

On 7/21/2026, Micron Technology moved +12.2% — 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. 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 18.4, a forward P/E of about 5.3, a price-to-book of about 12.8 — 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 $790.82 (-12.2% on the day), as of 7/29/2026 — a delayed quote shown for education, not investment advice.

Micron Technology

MU · NASDAQ · Semiconductors · United States

Snapshot

TickerMU

ExchangeNASDAQ

SectorSemiconductors

CountryUnited States

Employees53,000

HeadquartersBoise, United States

Websitewww.micron.com

Filings tracked14

About Micron Technology

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.

Who owns it

Insiders0.3%
Institutions83.2%
Public & other16.6%

4,313 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.9.13%
Vanguard Capital Management LLC6.48%
State Street Corporation4.63%
Capital World Investors3.72%
Invesco Ltd.3.16%
FMR, LLC2.84%
Geode Capital Management, LLC2.43%
Vanguard Portfolio Management LLC2.04%

Largest institutional holders — last updated 3/31/2026.

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 $56.7B · EPS 34.87

Est. earnings growth +629.4%

Next fiscal year

Rev $238.8B · EPS 153.74

Est. earnings growth +109.3%

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

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
Jun 18, 2026
No clear company-specific catalyst identified in filings or credible coverage; the move appears to reflect broader sector momentum and anticipation ahead of Micron's June 24 earnings report.
· confidence: low

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

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.