+First time on the top traders desk?
The desk runs its own numbers and publishes its calls next to the account that trades them. The short route:
Micron Technology, Inc.
MU · NasdaqGS
trade.xyz perp price (HIP-3, Hyperliquid), not the security's own quote. Updated 2026-08-18 09:05:02 UTC.
Key figures
Profile
| Sector | Technology |
| Country | United States |
| Employees | 53,000 |
Leadership
- Mr. Sanjay Mehrotra — CEO, President & Chairman
- Mr. Mark J. Murphy — Executive VP & CFO
- Mr. Manish H. Bhatia — Executive Vice President of Global Operations
- Dr. Scott J. DeBoer Ph.D. — Executive VP and Chief Technology & Products Officer
- Mr. Sumit Sadana — Executive VP & Chief Business Officer
Description
Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Japan, Mainland China, Hong Kong, Europe, and internationally. It operates through the Cloud Memory Business Unit; Core Data Center Business Unit; Mobile and Client Business Unit; and Automotive and Embedded Business Unit segments. The company provides memory products, including dynamic random access memory components and modules, CXL-based memory, LPDDR components and modules, graphics memory, high-bandwidth memory, and data center memory products; multichip packages (MCP) comprising embedded multimedia card-based, universal flash storage-based, and NAND-based MCPs; and technology leadership products that include 1y DRAM and G9 NAND technologies. It also offers storage products, such as data center solid-state drives (SSD), client SSD storage, and auto and industrial SSD storage; managed NAND; NAND flash; NOR flash; and memory cards. In addition, the company provides design tools, including FBGA and part decoders; DRAM power calculators; NAND power calculators; simulation models; chipset compatibility guides; serial presence-detection tools; cross-reference tools; UFSparm; SSD firmware; software and drivers; storage executive software; and obsolete part catalogs. It markets its semiconductor memory and storage products under the Micron and Crucial brands. The company serves the data center, PC, graphics, networking, automotive, industrial, and consumer embedded markets, as well as the smartphone and other mobile-device markets. It sells its products through its direct sales force, independent sales representatives, distributors, and retailers; web-based customer direct sales channel; and channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.
Issuer profile: yahoo finance (yfinance). Board price: TradFi screener. Market cap, P/E and the 52-week range: stockanalysis.com, re-read daily.
Issuer financials
What the company reports, next to what the desk trades. Statements come from Yahoo Finance and are printed in the currency the issuer reports in.
Statements are in USD, the currency this issuer reports in. The perp price at the top of this page is a USDC quote on trade.xyz: the same unit, a different thing.
From revenue to profit
The income statement for the latest quarterly period, ending 2026-05-31. This is not a split by product or by region: the source publishes no segment or geography breakdown, and neither does this page.
| Period ending | Revenue | Cost of revenue | Gross profit | R&D | Selling and admin | Operating income | Net income |
|---|---|---|---|---|---|---|---|
| 2026-05-31 | $41.5B | $6.4B | $35.1B | $1.3B | $407.0M | $33.3B | $28.2B |
| 2026-02-28 | $23.9B | $6.1B | $17.8B | $1.2B | $344.0M | $16.1B | $13.8B |
| 2025-11-30 | $13.6B | $6.0B | $7.6B | $1.2B | $337.0M | $6.1B | $5.2B |
| 2025-08-31 | $11.3B | $6.3B | $5.1B | $1.0B | $314.0M | $3.7B | $3.2B |
| 2025-05-31 | $9.3B | $5.8B | $3.5B | $965.0M | $318.0M | $2.2B | $1.9B |
The income statement for the latest annual period, ending 2025-08-31. This is not a split by product or by region: the source publishes no segment or geography breakdown, and neither does this page.
| Period ending | Revenue | Cost of revenue | Gross profit | R&D | Selling and admin | Operating income | Net income |
|---|---|---|---|---|---|---|---|
| 2025-08-31 | $37.4B | $22.5B | $14.9B | $3.8B | $1.2B | $9.8B | $8.5B |
| 2024-08-31 | $25.1B | $19.5B | $5.6B | $3.4B | $1.1B | $1.3B | $778.0M |
| 2023-08-31 | $15.5B | $17.0B | −$1.4B | $3.1B | $920.0M | −$5.4B | −$5.8B |
| 2022-08-31 | $30.8B | $16.9B | $13.9B | $3.1B | $1.1B | $9.7B | $8.7B |
Balance sheet
Assets, liabilities and equity at the end of each period. Click a name in the legend to drop that line.
| Period ending | Assets | Liabilities | Equity |
|---|---|---|---|
| 2026-05-31 | $134.1B | $33.4B | $100.7B |
| 2026-02-28 | $101.5B | $29.1B | $72.5B |
| 2025-11-30 | $86.0B | $27.2B | $58.8B |
| 2025-08-31 | $82.8B | $28.6B | $54.2B |
| 2025-05-31 | $78.4B | $27.6B | $50.7B |
| Period ending | Assets | Liabilities | Equity |
|---|---|---|---|
| 2025-08-31 | $82.8B | $28.6B | $54.2B |
| 2024-08-31 | $69.4B | $24.3B | $45.1B |
| 2023-08-31 | $64.3B | $20.1B | $44.1B |
| 2022-08-31 | $66.3B | $16.4B | $49.9B |
Cash flow
Cash the business produced and where it went. Capital spending is negative because it leaves.
| Period ending | Operating | Free | Capital spending | Net change in cash |
|---|---|---|---|---|
| 2026-05-31 | $25.4B | $17.6B | −$7.8B | $11.1B |
| 2026-02-28 | $11.9B | $5.5B | −$6.4B | $4.2B |
| 2025-11-30 | $8.4B | $3.0B | −$5.4B | $72.0M |
| 2025-08-31 | $5.7B | $72.0M | −$5.7B | −$532.0M |
| 2025-05-31 | $4.6B | $1.7B | −$2.9B | $2.6B |
| Period ending | Operating | Free | Capital spending | Net change in cash |
|---|---|---|---|---|
| 2025-08-31 | $17.5B | $1.7B | −$15.9B | $2.6B |
| 2024-08-31 | $8.5B | $121.0M | −$8.4B | −$1.6B |
| 2023-08-31 | $1.6B | −$6.1B | −$7.7B | $351.0M |
| 2022-08-31 | $15.2B | $3.1B | −$12.1B | $616.0M |
Margins
Margin per period is computed here from two published lines: gross profit over revenue, operating income over revenue, net income over revenue. The source publishes only trailing twelve-month ratios, which are in the table below. A period with no revenue gets no point.
| Period ending | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2026-05-31 | 84.6% | 80.4% | 68.1% |
| 2026-02-28 | 74.4% | 67.6% | 57.8% |
| 2025-11-30 | 56.0% | 45.0% | 38.4% |
| 2025-08-31 | 44.7% | 32.6% | 28.3% |
| 2025-05-31 | 37.7% | 23.3% | 20.3% |
| Period ending | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2025-08-31 | 39.8% | 26.2% | 22.8% |
| 2024-08-31 | 22.4% | 5.2% | 3.1% |
| 2023-08-31 | −9.1% | −34.8% | −37.5% |
| 2022-08-31 | 45.2% | 31.6% | 28.2% |
Trailing ratios
Trailing twelve months, as the source states them. Not per period and not comparable with the chart above.
| Measure | Value |
|---|---|
| Gross margin | 72.57% |
| Operating margin | 80.37% |
| EBITDA margin | 75.57% |
| Net margin | 55.91% |
| Return on assets | 34.87% |
| Return on equity | 66.64% |
| Revenue growth | 345.70% |
| Earnings growth | 1,368.50% |
| Debt to equity | 6.33% |
| Current ratio | 3.42 |
| Quick ratio | 2.93 |
| Cash | $26.0B |
| Debt | $6.4B |
| Revenue | $90.3B |
| EBITDA | $68.2B |
| Operating cash flow | $51.4B |
| Free cash flow | $7.6B |
Analyst recommendations
Counts as the source publishes them, for the month shown. Ratings are the analysts' own, not the desk's, and the desk does not weight them.
Average score is the source's own scale: 1 is strong buy, 5 is strong sell.
| Month | Strong buy | Buy | Hold | Sell | Strong sell | Total |
|---|---|---|---|---|---|---|
| this month | 9 | 32 | 5 | 0 | 0 | 46 |
| 1 month ago | 9 | 31 | 5 | 0 | 0 | 45 |
| 2 months ago | 9 | 31 | 4 | 0 | 1 | 45 |
| 3 months ago | 9 | 30 | 4 | 1 | 0 | 44 |
Analyst price targets
Where the analysts polled above see the price of the security going. Their numbers, not the desk's, and the desk neither weights them nor trades them.
| Measure | As published |
|---|---|
| Average | $1,502 |
| Median | $1,550 |
| Lowest | $361.00 |
| Highest | $2,200 |
Targets are in USD, the currency the security is quoted in. That is the source's own answer, not a guess from the ticker's country: the price the source prints beside the targets matches the quote, and that is what fixes their base. Targets and the perp price are both in dollars, so there is nothing to convert.
Next earnings
| Measure | Value |
|---|---|
| Date | 2026-09-23 |
| EPS estimate | $31.30 |
| EPS range | $28.04 … $37.44 |
| Revenue estimate | $50.8B |
The date is the source's estimate, not a date the company confirmed. Date read from yahoo finance (cli). The two transports disagree by a day on purpose: one answers in exchange-local time, the other in UTC, so the date and its flag always travel together from the same answer.
Statements read 2026-08-13. Source: yahoo finance (yfinance).