Micron Technology (MU) is trading down at $896.07 (-0.98%) on NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Information Technology sector.
Current price targets from 10 firms average $1.66k, median $1.53k, ranging from $1.2k to $3k — the average is 85% above the current $896. Each is tracked to its date and scored the same way a member's call is.
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
| FY2017Aug 2017 | FY2018Aug 2018 | FY2019Aug 2019 | FY2020Sep 2020 | FY2021Sep 2021 | FY2022Sep 2022 | FY2023Aug 2023 | FY2024Aug 2024 | FY2025Aug 2025 | FY2026Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $20.3B | $30.4B | $23.4B | $21.4B | $27.7B | $30.8B | $15.5B | $25.1B | $37.4B | $133.2B |
| Growth (year over year) | +63.9% | +49.5% | −23.0% | −8.4% | +29.3% | +11.0% | −49.5% | +61.6% | +48.9% | +256.3% |
| Gross profit | $8.44B | $17.9B | $10.7B | $6.55B | $10.4B | $13.9B | −$1.42B | $5.61B | $14.9B | $107.5B |
| Gross margin | 41.5% | 58.9% | 45.7% | 30.6% | 37.6% | 45.2% | −9.1% | 22.4% | 39.8% | 80.7% |
| Operating income | $5.87B | $15.0B | $7.38B | $3.00B | $6.28B | $9.70B | −$5.75B | $1.30B | $9.77B | $99.3B |
| Operating margin | 28.9% | 49.3% | 31.5% | 14.0% | 22.7% | 31.5% | −37.0% | 5.2% | 26.1% | 74.6% |
| Net income | $5.09B | $14.1B | $6.31B | $2.69B | $5.86B | $8.69B | −$5.83B | $778.0M | $8.54B | $85.0B |
| Net margin | 25.0% | 46.5% | 27.0% | 12.5% | 21.2% | 28.2% | −37.5% | 3.1% | 22.8% | 63.8% |
| EPS (diluted) | $4.41 | $11.51 | $5.51 | $2.37 | $5.14 | $7.75 | −$5.34 | $0.70 | $7.59 | $74.33 |
| Balance sheet | ||||||||||
| Cash and equivalents | $5.11B | $6.51B | $7.15B | $7.62B | $7.76B | $8.26B | $8.58B | $7.04B | $9.64B | $38.4B |
| Total assets | $35.3B | $43.4B | $48.9B | $53.7B | $58.8B | $66.3B | $64.3B | $69.4B | $82.8B | $195.9B |
| Total liabilities | $15.8B | $10.1B | $12.0B | $14.7B | $14.9B | $16.4B | $20.1B | $24.3B | $28.6B | $57.5B |
| Long-term debt | $9.87B | $3.78B | $4.54B | $6.37B | $6.62B | $6.80B | $13.1B | $13.0B | $14.0B | $4.69B |
| Shareholders' equity | $18.6B | $32.3B | $35.9B | $39.0B | $43.9B | $49.9B | $44.1B | $45.1B | $54.2B | $138.4B |
| Cash flow | ||||||||||
| Operating cash flow | $8.15B | $17.4B | $13.2B | $8.31B | $12.5B | $15.2B | $1.56B | $8.51B | $17.5B | $89.7B |
| Capital expenditure | $4.73B | $8.88B | $9.78B | $8.22B | $10.0B | $12.1B | $7.68B | $8.39B | $15.9B | $30.7B |
| Free cash flow | $3.42B | $8.52B | $3.41B | $83.0M | $2.44B | $3.11B | −$6.12B | $121.0M | $1.67B | $59.0B |
| Dividends paid | — | — | — | $0 | $0 | $461.0M | $504.0M | $513.0M | $522.0M | $610.0M |
| Share buybacks | $36.0M | $71.0M | $2.73B | $176.0M | $1.20B | $2.43B | $425.0M | $300.0M | $0 | $650.0M |
| Q1 FY25Nov 2024 | Q2 FY25Feb 2025 | Q3 FY25May 2025 | Q4 FY25†Aug 2025 | Q1 FY26Nov 2025 | Q2 FY26Feb 2026 | Q3 FY26May 2026 | Q4 FY26†Sep 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $8.71B | $8.05B | $9.30B | $11.3B | $13.6B | $23.9B | $41.5B | $54.2B |
| Growth (year over year) | +84.3% | +38.3% | +36.6% | +46.0% | +56.7% | +196.3% | +345.7% | +379.3% |
| Gross profit | $3.35B | $2.96B | $3.51B | $5.05B | $7.65B | $17.8B | $35.1B | $47.0B |
| Gross margin | 38.4% | 36.8% | 37.7% | 44.7% | 56.0% | 74.4% | 84.6% | 86.8% |
| Operating income | $2.17B | $1.77B | $2.17B | $3.65B | $6.14B | $16.1B | $33.3B | $43.8B |
| Operating margin | 25.0% | 22.0% | 23.3% | 32.3% | 45.0% | 67.6% | 80.4% | 80.7% |
| Net income | $1.87B | $1.58B | $1.89B | $3.20B | $5.24B | $13.8B | $28.2B | $37.7B |
| Net margin | 21.5% | 19.7% | 20.3% | 28.3% | 38.4% | 57.8% | 68.1% | 69.5% |
| EPS (diluted) | $1.67 | $1.41 | $1.68 | $2.83 | $4.60 | $12.07 | $24.67 | $32.99 |
| Balance sheet | ||||||||
| Cash and equivalents | $6.69B | $7.55B | $10.2B | $9.64B | $9.73B | $13.9B | $25.0B | $38.4B |
| Total assets | $71.5B | $73.1B | $78.4B | $82.8B | $86.0B | $101.5B | $134.1B | $195.9B |
| Total liabilities | $24.7B | $24.4B | $27.6B | $28.6B | $27.2B | $29.1B | $33.4B | $57.5B |
| Long-term debt | $13.3B | $13.9B | $15.0B | $14.0B | $11.2B | $9.56B | $5.14B | $4.69B |
| Shareholders' equity | $46.8B | $48.6B | $50.7B | $54.2B | $58.8B | $72.5B | $100.7B | $138.4B |
| Cash flow | ||||||||
| Operating cash flow | $3.24B | $3.94B | $4.61B | $5.73B | $8.41B | $11.9B | $25.4B | $44.0B |
| Capital expenditure | $3.21B | $4.05B | $2.94B | $5.66B | $5.39B | $6.39B | $7.83B | $11.1B |
| Free cash flow | $38.0M | −$113.0M | $1.67B | $72.0M | $3.02B | $5.52B | $17.6B | $32.9B |
| Dividends paid | $131.0M | $130.0M | $131.0M | $130.0M | $134.0M | $132.0M | $171.0M | $173.0M |
| Share buybacks | $0 | $0 | $0 | $0 | $300.0M | $350.0M | $0 | $0 |
From Micron Technology's 10-K and 10-Q filings with the SEC; its fiscal year ends in September. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
Micron Technology's latest reported figures next to the median of the other 75 S&P 500 Information Technology companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.
| Measure | Micron Technology | Information Technology (75 other S&P 500 companies) | S&P 500 (502 other companies) |
|---|---|---|---|
| Revenue growth, latest fiscal year | +256.3% | +13.7% | +7.0% |
| Net margin, latest fiscal year | 63.8% | 16.5% | 12.9% |
| Dividend per share, latest fiscal year | $0.53 | $2.00 | $2.40 |
| Share price change, 1 year | +333.4% | +13.1% | +7.5% |
Micron Technology: fiscal year ended September 2026, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and August 2026) and our price archive. Prices for every company, Micron Technology included, are the last regular-session prices of October 20, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 75/496, net margin 75/496, dividend per share 35/349, 1-year price change 67/488; the reasons below can overlap. 14 are left out of the price figure because our archive holds no comparable close for them; dividend medians are among the 35 sector and 349 S&P 500 companies reporting a per-share dividend. The S&P 500 price figure is the middle company's change, not the index's return.
Micron Technology, Inc. is an American multinational semiconductor company that manufactures computer memory and computer data storage products, including dynamic random-access memory (DRAM), flash memory, High Bandwidth Memory (HBM), and solid-state drives (SSDs). Founded in 1978 in Boise, Idaho, Micron is the only major American computer memory manufacturer. It is one of the "Big Three" computer memory manufacturers, along with the South Korean companies Samsung Electronics and SK Hynix.
Source: Wikipedia — Micron Technology