MU

Micron Technology, Inc.

Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Micron Technology, Inc..

R40: 79$469.28B

$412.37-16.63 (-3.88%)● Live

Current Narrative

Micron is riding the AI memory supercycle. The company's high-bandwidth memory (HBM) is sold out through 2026, powering Nvidia and AMD's AI accelerators. After decades of brutal boom-bust cycles, bulls argue this time is different — AI demand is structural, not cyclical. The stock surged 240% in 2025 on record earnings, massive fab investments backed by CHIPS Act subsidies, and HBM3E/HBM4 leadership. Bears warn memory pricing always mean-reverts, but the AI infrastructure buildout shows no signs of slowing.

News

Latest Coverage

NewsFeb 15

Micron Just Sold Out Its Entire 2026 HBM Capacity

Micron's HBM4 enters volume production ahead of schedule, 2026 capacity is 100% sold out, and the stock hit a record $410. Here's what it means for the AI memory race.

R40

NewsFeb 6

The $700B AI Bet: Inside the Mag 7's Record 2026 CapEx Arms Race

The Magnificent Seven are set to spend $700B+ on AI infrastructure in 2026, up 60% from 2025. We break down who's spending what, the supply chain winners, and why the market is spooked.

R40

See all news →

Rule of 402026 Q1

78.8

✓ Passing

Revenue Growth YoY+56.7%

FCF Margin+22.2%

History

2025 R40 +53

ANALYST RATINGS

Buy$361

Buy$500

Reiterated

2026-01-23

Buy$450

Reiterated

2026-01-20

Overweight$450

Reiterated

2026-01-16

Outperform$425

Initiated

2026-01-15

Buy$400

Reiterated

2026-01-07

Company timeline

Earnings release dates

Quarter	End date	Publication date	Source
2026 Q1	2025-11-27	2025-12-18	Link
2025 Q4	2025-08-28	2025-09-25	Link
2025 Q3	2025-05-29	2025-06-25	Link
2025 Q2	2025-02-27	2025-03-20	Link
2025 Q1	2024-11-28	2024-12-18	Link
2024 Q4	2024-08-29	2024-09-25	Link

Background

Company History

ExchangeNASDAQ

IPO DateJun 1, 1984

Shares Outstanding1.14Bi

1984

IPO and Public Listing

Micron goes public on NASDAQ amid early DRAM leadership (world

2005

IM Flash JV with Intel and Lexar Acquisition

Strong entry into NAND flash market, diversifying beyond DRAM and positioning for mobile/storage growth.

2013

Acquisition of Elpida Memory and Rexchip

Major DRAM industry consolidation amid bankruptcy opportunities; elevates Micron to top-tier supplier, enhances pricing discipline, and sparks stock recovery from post-financial crisis lows.

2015

3D NAND and 3D XPoint Breakthroughs

Shift to vertical stacking technology enables higher densities/lower costs; new non-volatile category challenges traditional storage paradigms.

2022

$100B+ US Fab Investment Announcements

Backed by CHIPS Act subsidies, commits to massive domestic expansion in New York/Idaho, shifting narrative to long-term US manufacturing leadership.

2023

Industry-First HBM3E Sampling for AI

Positions Micron as key supplier for Nvidia/AMD AI GPUs; ignites multi-year HBM demand surge, marking entry into high-margin AI memory market.

2024

HBM Production Ramp and Supply Sell-Outs

Ships leading HBM3E/HBM4, exits consumer graphics to prioritize AI; demand vastly outstrips supply, driving 200%+ stock gains and debates over end of traditional boom-bust cycles.

Leadership