Founded in 1978 and headquartered in Boise, Idaho, Micron Technology, Inc. is a leading global semiconductor manufacturer specializing in memory and storage solutions, primarily Dynamic Random Access Memory (DRAM) and NAND flash memory. The company's products power a wide range of technologies across artificial intelligence data centers, mobile devices, automotive systems, and personal computing. Micron is currently focused on ramping up high-bandwidth memory (HBM) capabilities to satisfy surging AI hardware demand while expanding its domestic manufacturing footprint through major multi-billion-dollar fabrication and research initiatives in the United States.
Executive summary
Micron Technology closed fiscal 2026 with unprecedented financial expansion, generating 133.19 billion dollars in revenue and 62.31 billion dollars in free cash flow on the back of explosive artificial intelligence memory demand1. The company carries a fortress balance sheet with 73.48 billion dollars in cash against just 5.18 billion dollars in debt, alongside 150 billion dollars in contracted multi-year order commitments through 20301,7. However, after a nine-fold share price advance over two years and with 65% of revenue remaining exposed to open-market commodity memory pricing, the stock already prices in sustained peak profitability in a notoriously cyclical industry.
Sources cited here, 2 of 35
- 1micron.com
- 7micron.com
Key figures
- Market cap
- $1.2T
- P/E, trailing
- 14.5
- P/E, next 12 months
- 6.0
- Revenue growth, last fiscal year
- 256.3%
- Net margin, last fiscal year
- 63.8%
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