MU
Micron Technology
MU · Technology Hardware & Semiconductors
Company brief
MU
MUTechnology Hardware & Semiconductors$98.5B

Micron Technology

Leading global memory and storage solutions provider specializing in DRAM, NAND, and emerging memory technologies

Moat score
9.2/100
13F status
Tracking pending
Main Metrics

Beginner valuation check

Price
$749
Next earnings
Data pending

Data pending from FMP or Finnhub.

1Y Performance
+659%

Positive price performance shows recent market sentiment, not a full investment thesis.

Forward P/E
6.4x

Forward P/E around 6.4x means investors pay about $6.4 for each expected $1 of future profit per share, usually the next 12 months or next fiscal year. It is a forecast, not a fact.

P/E
33.9x

A P/E around 33.9x means investors pay about $33.9 for each $1 the company earned per share over the last 12 months, usually the last four quarterly reports.

EPS
$21.18
Market Cap
$817.2B
Forward P/E is the cleanest beginner valuation anchor here; compare it with growth and recent performance.

Source: market data index. As of May 21, 2026. P/E can be unavailable or misleading when earnings are negative.

Scenario Framework

Bull / Neutral / Bear

Neutral Case

Micron keeps converting its memory platform into earnings power while investors focus on whether the forward multiple remains justified by growth and product mix.

Watch signal

Forward P/E around 6.4x stays in line with growth expectations and the business mix stays centered on compute demand.

What you own

Micron Technology is exposure to technology hardware & semiconductors operating model with high switching costs and 112% net revenue retention.

Base thesis

Memory design tools contain 10+ years of proprietary process optimization algorithms that competitors cannot replicate

Main risk

The main question is whether the company can keep customer value compounding without margin pressure eroding the moat.

How to inspect it

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Simulator coverage pending

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Investor Snapshot
9.2Moat Score
Net Revenue Retention112%
Retention RiskLow
AI Disruption RiskLow
Switching CostsHigh
13F Ownership
Tracking pending

No SEC-backed 13F rows are matched for this ticker yet. We do not fabricate ownership rows.

Investment Thesis
  • Memory design tools contain 10+ years of proprietary process optimization algorithms that competitors cannot replicate
  • Customer qualification cycles create 18-24 month switching costs for new memory architectures
  • Manufacturing systems integrate with $15B+ of specialized fab equipment, creating massive technical lock-in
  • AI memory requirements (HBM, processing-in-memory) favor Micron's advanced packaging and design capabilities
  • Supply chain systems manage $8B+ inventory across 13 global fabs with millisecond optimization requirements