Micron (MU): analysis in plain words
Is Micron cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
Micron (MU) is listed on the Nasdaq and we classify it in semiconductors. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against Micron according to those figures, and the questions people ask most about the stock. No buy or sell tips.
Micron (MU) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | $795.23 | Last price on November 4, 2026 |
| P/E ratio (TTM) | 10.7x | Price over earnings per share |
| Revenue growth | +379.3% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 63.8% | Profit for every 100 of sales |
| Net debt / EBITDA | Net cash (more cash than debt) | Years of operating profit to repay debt |
| Dividend yield | 0.07% | Annual dividend over price |
| Market cap | $899.7 billion | What the stock market values it at |
The Micron figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any MU figure that is not available shows as N/A: we do not estimate it.
How Micron makes money
Micron makes memory chips: DRAM, including the high-bandwidth memory (HBM) used in AI servers, and NAND flash for solid-state drives. It organizes the business into units serving cloud, data centers, mobile and PC, and automotive and embedded markets, with data-center DRAM now its main sales driver.
Over the last 12 months, Micron brought in revenue of $133.2 billion. For every 100 it sells, Micron keeps 80.7 after the direct cost of what it sells (gross margin) and 80.7 after all operating costs (operating margin).
Micron against its sector
To know whether a Micron figure is high or low you have to put it next to similar companies. This table compares Micron with the median of the 14 semiconductors companies Fintols covers, with data as of November 4, 2026.
| Figure | Micron | semiconductors median |
|---|---|---|
| P/E | 10.7x | 37.9x (14) |
| Revenue growth | +379.3% | +39.6% (15) |
| Net margin | 63.8% | 32.3% (15) |
| Dividend yield | 0.07% | 0.57% (15) |
| Net debt / EBITDA | -0.4x | -0.2x (15) |
In short, against the typical semiconductors company, Micron trades on a lower P/E, grows faster and earns a wider margin. By size, Micron ranks number 4 of 13 semiconductors companies quoted in USD on Fintols.
The bull case for Micron
What works in favour of Micron, according to its figures as of November 4, 2026:
- Micron grew sales +379.3% in its latest quarter against the same quarter a year earlier, while the median semiconductors company Fintols tracks grew +39.6%.
- Micron keeps 63.8 of every 100 it sells as net profit, against 32.3 for the median semiconductors company: a margin like that leaves money to invest, buy back shares or pay dividends.
- On a P/E basis Micron trades cheaper than its sector: 10.7x its annual earnings, against 37.9x for the semiconductors median (14 companies with data).
The main risk for Micron
Micron stock sits 37% below its 52-week high ($1,255.00): the market has cut its expectations, and it is worth understanding why first.
On top of that: micron stock moves much more than the market: its beta is 2.40, so in a broad sell-off it tends to fall further than the index.
And, like the rest of semiconductors, Micron is exposed to the chip cycle: years of heavy customer spending are usually followed by years of cuts.
Frequently asked questions about Micron
Is it a good time to buy Micron stock?
Fintols does not tell you whether to buy or sell Micron, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, Micron stock trades at $795.23, 37% below its 52-week high ($1,255.00) and 313% above its low ($192.59). Its P/E is 10.7x against a semiconductors median of 37.9x, and 3.8x on the earnings analysts expect over the next 12 months. With Micron, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does Micron pay a dividend?
Yes. As of November 4, 2026, Micron pays $0.60 per share a year, which at today's price is a yield of 0.07%. It uses 1% of its profit to pay it, which leaves room to keep paying it if profit dips. The semiconductors median on Fintols is 0.57%.
Is Micron stock expensive?
It depends on what you compare it with. On P/E, Micron trades at 10.7x its last 12 months of earnings: cheaper than the semiconductors median (37.9x). Including its debt, Micron is valued at 8.5x its EBITDA (EV/EBITDA). A high P/E alone does not make Micron expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are Micron's competitors?
On Fintols we compare Micron with Lam Research, KLA and Analog Devices, which are also in semiconductors. As of November 4, 2026, Lam Research is worth $277.1 billion and trades on a P/E of 33.0; KLA is worth $195.2 billion and trades on a P/E of 37.5; Analog Devices is worth $196.8 billion and trades on a P/E of 48.2. Each has a side-by-side comparison with Micron below.
Micron competitors
- Lam Research (LRCX) analysis · Micron vs Lam Research comparison
- KLA (KLAC) analysis · Micron vs KLA comparison
- Analog Devices (ADI) analysis · Micron vs Analog Devices comparison
To understand Micron better
- Using AI to Analyze Stocks: A Practical, Careful Guide
- P/E Ratio and EPS Explained: How to Read Them Without Traps
More companies like Micron: semiconductors stocks and S&P 500 companies. Open the full MU analysis with its valuation and scenarios. Educational content about Micron, not investment advice.