Micron Technology, Inc. (MU) Stock Analysis
Over the past 10 years, Micron Technology (MU) earnings per share (EPS) grew 2801.9% a year, revenue grew 26.8% a year and free cash flow grew 228.8% a year, with an average return on invested capital (ROIC) of 15.8%. MU stock trades at $915.90, a P/E of 12.2, in line with its historical average of 12.0. Analysts' average 12-month price target is $1,588.85 (+73.5%).
Micron Technology, Inc. is a global leader specializing in the development, manufacture, and sale of advanced semiconductor memory and storage solutions. Its operations are structured across four primary business segments: Compute and Networking, Mobile, Storage, and Embedded.
Exhibit A Growth Dossier
| Metric | 10yr | 5yr | 1yr | Grade |
|---|---|---|---|---|
| Book Value/Share GrowthBV/S | 26.4% | 25.7% | 150.6% | A+ |
| EPS GrowthEPS | 2801.9% | 70.5% | 884.4% | A+ |
| Revenue GrowthRevenue | 26.8% | 36.9% | 256.3% | A+ |
| Cash Flow GrowthCash Flow | 228.8% | 89.1% | 3071.9% | A+ |
| ROICROIC | 15.8% | 13.8% | 50.4% | A+ |
Exhibit B Valuation Ledger
- Current EPS
- $75.31
- Historical Avg P/E
- 12.0
- Future P/E (used for sticker price)
- Projected EPS (10yr)
- Sticker Price (10yr)
- Price for 15% Annual Return
- Expected Annual Return
No card required. $5/month after the trial if you keep going.
Not investment advice — a structured read of historical fundamentals, not a forecast or recommendation. Always do your own research.
Exhibit C Raw Data (last 10 years)
| Metric | Trend | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / ShareBV/S | $11.66 | $16.14 | $26.28 | $31.39 | $34.48 | $38.50 | $44.48 | $40.37 | $40.37 | $48.15 | $121.07 | $120.64 | |
| Basic EPSEPS | -$0.27 | $4.67 | $11.51 | $5.67 | $2.42 | $5.23 | $7.81 | -$5.34 | $0.70 | $7.65 | $75.38 | $75.31 | |
| RevenueRevenue | $12,399,000,000 | $20,322,000,000 | $30,391,000,000 | $23,406,000,000 | $21,435,000,000 | $27,705,000,000 | $30,758,000,000 | $15,540,000,000 | $25,111,000,000 | $37,378,000,000 | $133,188,000,000 | $133,188,000,000 | |
| Free Cash FlowCash Flow | $-2,695,000,000 | $2,900,000,000 | $8,315,000,000 | $3,334,000,000 | $83,000,000 | $2,438,000,000 | $3,114,000,000 | $-6,117,000,000 | $121,000,000 | $1,668,000,000 | $58,963,000,000 | $52,908,000,000 | |
| ROIC (%)ROIC | 0.7% | 18.4% | 38.5% | 15.2% | 5.8% | 11.2% | 15.0% | -9.6% | 1.4% | 12.1% | 50.4% | — |
The exact underlying data used to compute the growth rates and grades above. The highlighted TTM column is the trailing twelve months through the most recently reported quarter.
Ticker INVESTigator Price Target
Analyst Data
Price Target
Where the stock trades today vs. the range of 12-month price targets from covering analysts.
70 firms rate it — 58 buy, 10 hold, 2 sell · Most recent Oct 2026
MU Stock FAQ
What is MU's stock price target?
The average 12-month analyst price target for MU is $1,588.85, with a range of $1,200.00 to $3,000.00. That is +73.5% from the current price of $915.90.
Do analysts rate MU a buy?
Most rate it a buy. Of 70 firms covering Micron Technology, the ratings are 58 buy or strong buy, 10 hold and 2 sell or strong sell.
How fast is Micron Technology growing?
Annual growth rates for MU. EPS: 2801.9% over 10 years, 70.5% over 5 years, 884.4% over 1 year. Revenue: 26.8% over 10 years, 36.9% over 5 years, 256.3% over 1 year. Free cash flow: 228.8% over 10 years, 89.1% over 5 years, 3071.9% over 1 year. Book value per share: 26.4% over 10 years, 25.7% over 5 years, 150.6% over 1 year.
What is MU's ROIC?
Micron Technology's return on invested capital (ROIC) was 50.4% in fiscal 2026. Its 10-year average ROIC is 15.8%. ROIC above 10% is generally a sign of a business with a durable competitive advantage.
What is MU's P/E ratio?
MU's current P/E ratio is 12.2, compared with a historical average of 12.0. Trailing earnings per share are $75.31.
What is Micron Technology's market cap and stock price?
MU last traded at $915.90 as of October 19, 2026. Its 52-week range is $192.40 to $1,255.00. Micron Technology has a market cap of $1.04T.
Exhibit D Related Coverage
Similar Stocks
Data as of October 19, 2026. Findings are derived from historical fundamentals — not a forecast, not advice. Cross-examine before you invest.
Grades are produced by Ticker INVESTigator's own model from public financial data and are for informational and educational purposes only. They are not investment advice or a recommendation to buy or sell any security. Do your own research.