- Previous Close
114.25 - Open
111.66 - Bid 110.16 x 200
- Ask 110.23 x 400
- Day's Range
110.00 - 114.04 - 52 Week Range
61.75 - 157.54 - Volume
24,803,016 - Avg. Volume
21,526,696 - Market Cap (intraday)
122.283B - Beta (5Y Monthly) 1.18
- PE Ratio (TTM)
-- - EPS (TTM)
-1.41 - Earnings Date Sep 25, 2024 - Sep 30, 2024
- Forward Dividend & Yield 0.46 (0.42%)
- Ex-Dividend Date Jul 8, 2024
- 1y Target Est
173.41
Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels. The company offers memory products for the cloud server, enterprise, client, graphics, networking, industrial, and automotive markets, as well as for smartphone and other mobile-device markets; SSDs and component-level solutions for the enterprise and cloud, client, and consumer storage markets; discrete storage products in component and wafers; and memory and storage products for the automotive, industrial, and consumer markets. It markets its products through its direct sales force, independent sales representatives, distributors, and retailers; and web-based customer direct sales channel, as well as through channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.
www.micron.comRecent News: MU
View MorePerformance Overview: MU
Trailing total returns as of 7/24/2024, which may include dividends or other distributions. Benchmark is
.YTD Return
1-Year Return
3-Year Return
5-Year Return
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Statistics: MU
View MoreValuation Measures
Market Cap
122.28B
Enterprise Value
127.77B
Trailing P/E
--
Forward P/E
12.80
PEG Ratio (5yr expected)
--
Price/Sales (ttm)
5.69
Price/Book (mrq)
2.77
Enterprise Value/Revenue
5.98
Enterprise Value/EBITDA
19.48
Financial Highlights
Profitability and Income Statement
Profit Margin
-7.20%
Return on Assets (ttm)
-1.57%
Return on Equity (ttm)
-3.43%
Revenue (ttm)
21.37B
Net Income Avi to Common (ttm)
-1.54B
Diluted EPS (ttm)
-1.41
Balance Sheet and Cash Flow
Total Cash (mrq)
8.38B
Total Debt/Equity (mrq)
31.51%
Levered Free Cash Flow (ttm)
-1.58B
Research Analysis: MU
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Research Reports: MU
View MoreMicron Earnings: We Raise Our DRAM Forecast and Valuation Behind Stronger Pricing Assumptions
Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.
RatingPrice TargetHigh-Single-Digit EPS Growth Forecast for 2Q24
The 2Q24 EPS season gets under way this week, launched, as usual, by earnings reports from the big banks. In the following week, the floodgates will open, with Consumer, Healthcare, and Industrial companies all releasing results. Information Technology and Energy companies generally report later in the EPS period, and then the Retailers wrap things up, likely in mid-to-late August. Consensus EPS estimates for 2Q24 growth range from mid-single-digits to low-double-digits. This follows 8% growth in 1Q24 EPS and 10% growth in 4Q23, according to Refinitiv. Leading sectors for 2Q24 are expected to be Communication Services (+22% EPS growth year over year), Healthcare (+20%), Information Technology (+17%), and Energy (+13%). On the downside, earnings from the Industrial sector are expected to decline 2%, Real Estate 3%, and Materials 9%. Consumer Discretionary earnings are expected to increase 9%. Revenue is expected to increase 4%, and 5% excluding the Energy sector. For 2024, our full-year S&P 500 earnings estimate is $247, implying high-single-digit growth from 2023 levels. Remember, companies almost always exceed earnings expectations. Last quarter, just over four-fifths of companies exceeded consensus expectations; and the average beat against expectations was above 7%.
High-Single-Digit EPS Growth Forecast for 2Q24
The 2Q24 EPS season gets under way this week, launched, as usual, by earnings reports from the big banks. In the following week, the floodgates will open, with Consumer, Healthcare, and Industrial companies all releasing results. Information Technology and Energy companies generally report later in the EPS period, and then the Retailers wrap things up, likely in mid-to-late August. Consensus EPS estimates for 2Q24 growth range from mid-single-digits to low-double-digits. This follows 8% growth in 1Q24 EPS and 10% growth in 4Q23, according to Refinitiv. Leading sectors for 2Q24 are expected to be Communication Services (+22% EPS growth year over year), Healthcare (+20%), Information Technology (+17%), and Energy (+13%). On the downside, earnings from the Industrial sector are expected to decline 2%, Real Estate 3%, and Materials 9%. Consumer Discretionary earnings are expected to increase 9%. Revenue is expected to increase 4%, and 5% excluding the Energy sector. For 2024, our full-year S&P 500 earnings estimate is $247, implying high-single-digit growth from 2023 levels. Remember, companies almost always exceed earnings expectations. Last quarter, just over four-fifths of companies exceeded consensus expectations; and the average beat against expectations was above 7%.
AI Storage opportunity
Boise, Idaho-based Micron is the largest U.S. memory company and a leading global supplier of DRAM, NOR and NAND memory. The company provides memory solutions for computing, communications, consumer, and industrial applications, and serves both wireless and embedded applications. In July 2013, Micron completed its acquisition of Elpida and the Rexchip assets, resulting in a significant boost to productive capacity and revenue opportunity.
RatingPrice Target