Company Analysis

Micron Technology, Inc. (MU)

Nasdaq: MU · Semiconductors & Related Devices · Boise, ID · filing with the SEC since 1994
Grade7.4
◀ Past 5.9● Present 7.9▶ Future 8.2

The grade of Micron Technology, Inc.

Nine metrics read from its own filings, by tense
Headline grade
7.4/10
◀ Past5.930% of the headline
● Present7.940% of the headline
▶ Future8.230% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

5.9/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.6/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 76th percentile among 99 sector filers · read for itself

From the record

Micron Technology, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.7/10

What has it actually done, year after year?

+23.2% a year over 10 filed years; profitable in 9 of 10.

weight 45% of this tense · 57th percentile among 93 sector filers · read for its customers

From the record

Micron Technology, Inc.'s 10 filed years say what it did: revenue went from $20 billion in fiscal 2017 to $133 billion in fiscal 2026, up 23.2% a year; it rose in 6 of 9 years; the deepest fall was 49% from fiscal 2022 to fiscal 2023; net income was positive in 9 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span23.2%top 17% of its family
  • the share of years revenue rosetop 47% of its family
  • the share of filed years with a profittop 30% of its family
  • the deepest fall from a revenue peak49.5%bottom 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
4.0/10

How has it treated the people who own it?

Share count grew 1.5% a year. 2% of cash flow returned. Insiders: 331 sales, 3 purchases.

weight 22% of this tense · 40th percentile among 67 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2026-09-03, Micron Technology, Inc.'s diluted share count grew about 1.5% a year, and dividends and buybacks returned about 2% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 331 sales (311 under scheduled 10b5-1 plans) and 3 purchases of their own stock on the open market in the year to 2026-10-20, buying about $8 million (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 44% of its family
  • cash returned against operating cash flowbottom 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

7.9/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
7.5/10

Is it financially healthy right now?

ROE 61%: 61¢ of profit per shareholder dollar. Leverage 29%: owes 29¢ per asset dollar.

weight 45% of this tense · 75th percentile among 95 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2026-09-03, Micron Technology, Inc. earned about 61 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 55 cents per dollar of everything the company owns. Leverage: it owed about 29 cents per dollar of assets, and net share issuance: its share count grew 1.6% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 40% of its family
  • return on equitytop 3% of its family
  • gross profit against assetstop 5% of its family
  • the share count against the year beforebottom 48% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
9.6/10

How strong is its position in its industry?

top 4% of 97 in its family; net margin 63.8%.

weight 33% of this tense · 96th percentile among 97 sector filers · read for its customers

From the record

Micron Technology, Inc.'s standing among 97 graded names in its industry family: revenue of $133 billion in fiscal 2026 ranks in the top 2% by size; a net margin of 63.8% ranks in the top 3%; revenue growth of 104.2% a year over the last 3 filed years ranks in the top 8% (its annual reports).

What it rests on

  • revenue against the family$133.2Btop 2% of its family
  • net margin63.8%top 3% of its family
  • three-year revenue growth104.2%top 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
6.1/10

What are the people in charge doing?

top 39% of 67 in its family for leadership; chief executive since 2017.

weight 22% of this tense · 61st percentile among 67 sector filers · read for its shareholders

From the record

Micron Technology, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Mehrotra, Sanjay (President and CEO, as filed), filing under that title since 2017-05-10, 9.5 years (top 25% of its family); the 19 officers and directors filing in the last fifteen months have been on the record a median of 6.3 years (bottom 49%); 8 officer or director changes were reported on Form 8-K since 2023-11-13, against the 19 people in charge now (top 41%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge8 in three years among 19 peopletop 41% of its family
  • the median years the people in charge have filed6.3 yearsbottom 49% of its family
  • the chief executive's years on the record9.5 yearstop 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

8.2/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.7/10

How much room does it have to grow?

top 33% of 94 in its family for room to expand.

weight 45% of this tense · 67th percentile among 94 sector filers · read for itself

From the record

Micron Technology, Inc.'s room to grow, from the newest filed statements (fiscal 2026): cash of $38 billion against debt of $4.7 billion leaves 17.2% of its assets as net cash, top 36% of its family; cash from operations less capital spending is 44.3% of revenue (top 4%); a gross margin of 80.7% (top 3%); research spending of 4.2% of revenue (bottom 12%) (its annual report).

What it rests on

  • cash less debt against assets17.2%top 36% of its family
  • cash from operations less capital spending against revenue44.3%top 4% of its family
  • gross margin80.7%top 3% of its family
  • research spending against revenue4.2%bottom 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
9.3/10

What could actually drive growth from here?

top 7% of 93 in its family for growth drivers.

weight 33% of this tense · 93rd percentile among 93 sector filers · read for its customers

From the record

Micron Technology, Inc.'s growth drivers, from the filed years to fiscal 2026: revenue grew 104.2% a year over the last three filed years against 23.2% over all 10, speeding up (top 2% of its family); the newest year grew 249.4% (top 4%); research spending grew 21.9% a year (top 14%); capital spending grew 58.5% a year (top 8%) (its annual reports). Micron Technology, Inc. reported 3 product lines in fiscal 2025: DRAM Products at $29 billion (77%), NAND Products at $8.5 billion (23%), Other Product Sales at $297 million (1%); 3 of 3 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+81.0 points a yeartop 2% of its family
  • the newest year's revenue growth249.4%top 4% of its family
  • three-year growth of research spending21.9%top 14% of its family
  • three-year growth of capital spending58.5%top 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
9.3/10

Did its newest year beat what its own record pointed to?

top 7% of 88 in its family for expectations against reality.

weight 22% of this tense · 93rd percentile among 88 sector filers · read for its shareholders

From the record

Micron Technology, Inc.'s newest year against its own record: revenue of $133 billion in fiscal 2026 came in 129.4% above the $58 billion its prior three years' pace pointed to (top 11% of its family); net income of $85 billion against a prior three-year average of $1.2 billion (top 3%); a net margin of 63.8% against -3.9% before (top 7%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace129.4%top 11% of its family
  • net income against the prior three years' averagefive times its prior average or moretop 3% of its family
  • net margin against its prior average+67.7 pointstop 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton MU · research, not advice