Quote Overview

Stock Activity

Open	112.72
Day Low	109.23
Day High	113.95
52 Wk Low	58.03
52 Wk High	130.54
Avg. Volume	24,977,026
Market Cap	124.53 B
Dividend	0.46 ( 0.41%)
Beta	1.27

Key Earnings Data

Earnings ESP	6.85%
Most Accurate Est	0.49
Current Qtr Est	0.46
Current Yr Est	0.80
Exp Earnings Date	6/26/24
Prior Year EPS	-4.45
Exp EPS Growth (3-5yr) NA
Forward PE	139.83
PEG Ratio	NA

Computer and Technology » Semiconductor Memory

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Style Scores F Value C Growth B Momentum D VGM
Zacks Rank	Buy 2
Zacks Industry Rank	Top 1%(2 out of 252)
Zacks Sector Rank	Top 38% (6 out of 16)
Earnings ESP	6.85%
Research Reports for MU Analyst \| Snapshot

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Top Peers	Symbol	Zacks Rank
Micron Technology	MU
TeraForce Technology	TERA	NA

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Company Summary

Idaho-based Micron Technology has established itself as one of the leading worldwide providers of semiconductor memory solutions.

Through global brands, namely Micron, Crucial and Ballistix, Micron manufactures and markets high-performance memory and storage technologies including Dynamic Random Access Memory (DRAM), NAND flash memory, NOR Flash, 3D XPoint memory and other technologies. Its solutions are used in leading-edge computing, consumer, networking and mobile products.

A major portion of the revenues is derived from DRAM sales. The company's mission is to be the most efficient and innovative global provider of semiconductor memory solutions.

Micron reported revenues of $15.54 billion in fiscal 2023. The company has four reportable segments:

Compute and Networking Business Unit (CNBU): The unit comprises of DRAM and NOR Flash products that are sold to the computer, networking, graphics, and cloud server markets, and NAND Flash products which are sold into the networking market. CNBU delivered revenues of $5.71 billion (37% of total revenues) in fiscal 2023.

Mobile Business Unit (MBU): The unit comprises Micron’s discrete DRAM, discrete NAND and managed NAND (including eMMC and universal flash storage (UFS) solutions) products that are sold to smartphone and other mobile-device markets. MBU generated revenues of $3.63 billion (23%) in fiscal 2023.

Storage Business Unit (SBU): The unit accounts for solid state drives (SSDs) and component-level solutions sold into enterprise and cloud, client and consumer storage markets as well as other discrete storage products sold in component and wafer forms to the removable storage markets. SBU’s revenues grossed $2.55 billion (16%) in fiscal 2023.

Embedded Business Unit (EBU): The unit includes Micron’s discrete DRAM, discrete NAND, managed NAND and NOR products, which are sold to the automotive, industrial and consumer markets. EBU’s revenues logged $3.64 billion (24%) in fiscal 2023.

The company struggles with intense competition from Intel, Samsung Electronics, SK Hynix, Toshiba Memory and Western Digital Corporation.