MU Micron Technology

XNGS Sideways Alert

Technology

· How we analyze

About the company

Micron Technology is a major US maker of memory chips. The company produces DRAM memory, including HBM memory for AI computers, and NAND flash for SSDs, smartphones and cars. Its plants are in the US, Japan, Taiwan and Singapore. As of Oct 12, 2026

Fact sheet (from the annual report) Semiconductors (chips) · Boise, USA

The company makes semiconductor memory, mainly DRAM, NAND and NOR, for applications from the cloud to end devices. Manufacturing takes place in its own plants and, for individual process steps, also at subcontractors. It offers components, modules, SSDs, managed NAND, multi-chip packages and wafers. The CMBU unit supplies large cloud operators with memory and data centers with HBM, as well as DDR, LPDDR and GDDR. The CDBU unit supplies SSDs and NAND for data centers as well as memory for device makers, enterprises and NeoCloud, meaning AI-focused cloud providers. The MCBU unit serves mobile devices and PCs, and the AEBU unit cars, industry and consumer products.

Automatically summarized from SEC annual report (10-K, filed Oct 9, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 14, 2026

Price performance at a glance

Last 30 trading days
  • Today +2.8%
  • 7 days +3.7%
  • 30 days −14.2%
  • 1 year +322.0%
Day range (last trading day)
−1.9%Price at 72% of the range+0.8%
52-week range
−79.3%Price at 69% of the range+35.1%
Distance from the all-time high
−26.0%

Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.

Where is the price relative to the buy zone?

No buy zone

There is currently no buy zone for this symbol under our Elliott rule. One only forms when the price pulls back after a strong rise.

An observation, not investment advice

Rule (4-hour candles) No active buy zone – the last one ended on Oct 16, 2026 · Buy zone no longer valid

Watcher Full history: every change of the buy zone with its date.

Automated analysis (rule-based)

How we analyze

Timeframe 4 hours · As of Oct 27, 2026

Elliott wave analysis Micron Technology (4-hour candles): Nested combination, Corrective pattern (downward), Y complete (2 of 3 guidelines) (smaller wave degree); no buy zone of the rule on this timeframe. Candlestick chart MU with 60 4-hour candles from Sep 16, 2026, 15:30 to Oct 27, 2026, 18:30. No buy zone of the rule on this timeframe – only the Elliott count: Nested combination, Corrective pattern (downward), Y complete (2 of 3 guidelines) (X = 80% of W; Y = 248% of W), invalid on a close below the end of Y. smaller wave degree: Smaller wave degree: more sensitive turning-point detection, because no count fits at the usual degree – it describes shorter swings. Provisional – check the count yourself on the chart. No visible sub-waves in: W, X. No value axis. Automated analysis (rule-based), not investment advice. MU · 4-hour candles · Automated analysis (rule-based) No buy zone of the rule – Elliott count only Smaller wave degree: more sensitive turning points – check the count yourself on the chart invalid on a close below the end of Y 0 W X Y complete Sep 18 Sep 24 Sep 30 Oct 6 Oct 12 Oct 16 Oct 22 last candle Oct 27, 2026, 18:30 · not investment advice Without a buy zone of the rule: no value axis
  • 4-hour candles (green = close above open, red = below)
  • Elliott count (thin gold line, waves in circles; dashed circle = still in progress; small = subwaves; red dashed = invalidation level)
  • Dashed throughout with a label: fallback count (smaller wave degree) – provisional, check it yourself on the chart

Elliott count: Nested combination, Corrective pattern (downward), Y complete (2 of 3 guidelines) · X = 80% of W; Y = 248% of W

smaller wave degree Smaller wave degree: more sensitive turning-point detection, because no count fits at the usual degree – it describes shorter swings. Provisional – check the count yourself on the chart.

Note: Nested: leg Y is itself a combination, its X is 32.0% (at most 88.7%).

Note: Structure open: leg W, X cannot be broken down into sub-waves on this timeframe – provisional, check the count yourself on the chart.

Elliott count calculated automatically by fixed Elliott rules, not investment advice – display only, our buy zones do not use it. Provisional: The count can change with new candles.

Scenarios

Timeframe 4 hours · As of Oct 27, 2026 · from the Elliott count in the analysis chart

Weighting Main scenario (2 of 3 guidelines, medium) · no alternative

Weighting by guidelines met – not a probability.

smaller wave degree Smaller wave degree: more sensitive turning-point detection, because no count fits at the usual degree – it describes shorter swings. Provisional – check the count yourself on the chart. No visible sub-waves in: W, X.

Main scenario

medium · 2 of 3 guidelines

As long as the 4-hour close stays above the end of Y, this applies: complex countermove downward (Nested combination), Y complete – count points to rising prices.

Invalid if the 4-hour close is below the end of Y

Alternative

If that breaks, this count no longer applies. Currently no alternative that follows the rules.

Save zone

With a free account: save the buy zone shown for yourself (stop and targets from Watcher). It stays visible even if the zone changes later. Log in · Sign up

Fundamental analysis

Micron Technology · Sector Technology · amounts in USD

Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Oct 9, 2026.

Quality checks

Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.

Fiscal year to Sep 3, 2026

Quality 7 of 8 met

  • met: Gross margin above 40% 80.7%
  • met: Operating margin above 15% 74.6%
  • met: Net margin above 10% 63.8%
  • met: Return on equity above 15% 61.4%
  • met: Free cash flow margin above 10% 44.3%
  • not met: Profit in each of the last 5 fiscal years 4 of 5
  • met: Free cash flow positive in each of the last 3 fiscal years 3 of 3
  • met: Equity ratio above 30% 70.6%
Gross margin

80.7% Fiscal year 2026

Rank 92 of 100: higher than 92% of 153 peers (All). strong.

Rank 96 of 100: higher than 96% of 57 peers (Sector). strong.

Median Technology: 56.1%

Share of revenue left after the direct cost of the products sold.

Operating margin

74.6% Fiscal year 2026

Rank 99 of 100: higher than 99% of 192 peers (All). strong.

Rank 99 of 100: higher than 99% of 60 peers (Sector). strong.

Median Technology: 14.2%

Operating income divided by revenue: what the core business earns before interest and taxes.

Net margin

63.8% Fiscal year 2026

Rank 99 of 100: higher than 99% of 237 peers (All). strong.

Rank 98 of 100: higher than 98% of 63 peers (Sector). strong.

Median Technology: 12.5%

Profit after all costs, interest and taxes divided by revenue.

Return on equity

61.4% Fiscal year 2026

Rank 91 of 100: higher than 91% of 218 peers (All). strong.

Rank 86 of 100: higher than 86% of 61 peers (Sector). strong.

Median Technology: 13.5%

Net income divided by equity at fiscal year end.

Return on assets

43.4% Fiscal year 2026 (total assets at year end)

Rank 98 of 100: higher than 98% of 238 peers (All). strong.

Rank 94 of 100: higher than 94% of 63 peers (Sector). strong.

Median Technology: 5.9%

Net income divided by total assets at fiscal year end.

Equity ratio

70.6% Fiscal year 2026

Rank 90 of 100: higher than 90% of 239 peers (All). strong.

Rank 85 of 100: higher than 85% of 63 peers (Sector). strong.

Median Technology: 51.6%

Equity as a share of total assets. Usually low for banks.

Free cash flow margin

44.3% Fiscal year 2026

Rank 96 of 100: higher than 96% of 213 peers (All). strong.

Rank 93 of 100: higher than 93% of 62 peers (Sector). strong.

Median Technology: 19.0%

Free cash flow divided by revenue.

Free cash flow

59.0B USD Fiscal year 2026

Operating cash flow minus capital expenditure on property and equipment.

Growth 6 of 6 met · 1 without data

  • met: Over 3 years, revenue grew by more than 5% per year +104.6%
  • met: Over 5 years, revenue grew by more than 5% per year +36.9%
  • met: Over 10 years, revenue grew by more than 5% per year +26.8%
  • no data: Over 3 years, EPS grew by more than 5% per year not computable (loss in the first or last year, or figures missing)
  • met: Over 5 years, EPS grew by more than 5% per year +70.6%
  • met: Revenue rose in at least 4 of the last 5 fiscal years 4 of 5
  • met: Revenue rose in the last fiscal year +256.3%
Revenue growth 3 years

+104.6% per year

Rank 96 of 100: higher than 96% of 230 peers (All). strong.

Rank 91 of 100: higher than 91% of 59 peers (Sector). strong.

Median Technology: +14.3%

Average growth per year over 3 fiscal years.

Revenue growth 5 years

+36.9% per year

Rank 88 of 100: higher than 88% of 217 peers (All). strong.

Rank 77 of 100: higher than 77% of 54 peers (Sector). strong.

Median Technology: +14.5%

Average growth per year over 5 fiscal years.

Revenue growth 10 years

+26.8% per year

Rank 92 of 100: higher than 92% of 157 peers (All). strong.

Rank 85 of 100: higher than 85% of 37 peers (Sector). strong.

Median Technology: +12.4%

Average growth per year over 10 fiscal years.

EPS growth 5 years

+70.6% per year

Rank 96 of 100: higher than 96% of 146 peers (All). strong.

Rank 93 of 100: higher than 93% of 34 peers (Sector). strong.

Median Technology: +17.0%

Growth of earnings per share per year, adjusted for stock splits.

Dividend 7 of 7 met

  • met: Pays a dividend 0.53 USD
  • met: Payout ratio at most 60% of earnings 1%
  • met: Dividend paid in each of the last 5 fiscal years 5 of 5
  • met: Dividend per share never lowered in the last 5 fiscal years Dividend per share as filed with the SEC, including special dividends; a one-off higher prior year does not count as a cut. never
  • met: Dividend per share higher than 5 years ago +39.6%
  • met: Free cash flow per share covers the dividend 97.3x
  • met: Dividends paid over the last 5 years covered by free cash flow 3% of free cash flow
Payout ratio

1% Fiscal year 2026

Dividend per share divided by earnings per share.

Dividend growth 5 years

+39.6% per year

Rank 94 of 100: higher than 94% of 118 peers (All). strong.

Rank 98 of 100: higher than 98% of 21 peers (Sector). strong.

Median Technology: +11.2%

Growth of the dividend per share per year.

Free cash flow coverage

97.3x Fiscal year 2026

Free cash flow per share divided by dividend per share. From 1x the dividend is covered.

Financial strength 6 of 6 met

  • met: Piotroski F-Score at least 7 of 9 8 of 9
  • met: Long-term debt no higher than equity 0.03
  • met: Current assets cover current liabilities 3.31
  • met: Positive equity 138.4B USD
  • met: In 5 years, share count up by at most 5% +0.2%
  • met: Free cash flow positive in the last fiscal year 59.0B USD
Piotroski F-Score

8 of 9 Fiscal year 2026

Rank 90 of 100: higher than 90% of 134 peers (All). strong.

Rank 92 of 100: higher than 92% of 44 peers (Sector). strong.

Median Technology: 6.0 of 9

Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.

Debt / equity

0.03 at fiscal year end

Rank 93 of 100: lower than 93% of 199 peers (All). strong.

Rank 88 of 100: lower than 88% of 54 peers (Sector). strong.

Median Technology: 0.41

Long-term financial debt divided by equity.

Liquidity (current ratio)

3.31 at fiscal year end

Rank 84 of 100: higher than 84% of 215 peers (All). strong.

Rank 77 of 100: higher than 77% of 63 peers (Sector). strong.

Median Technology: 2.02

Current assets divided by current liabilities.

Change in share count

+0.2% in 5 years

Rank 41 of 100: lower than 41% of 199 peers (All). medium.

Rank 58 of 100: lower than 58% of 51 peers (Sector). medium.

Median Technology: +2.8%

Change in diluted share count. Negative = share buybacks, positive = new shares.

The 9 criteria of the Piotroski F-Score
  • met: Profit in the last fiscal year (positive return on assets)
  • met: Positive operating cash flow
  • met: Return on assets higher than the prior year
  • met: Operating cash flow higher than net income
  • met: Long-term debt relative to total assets fell
  • met: Liquidity (current assets / current liabilities) rose
  • not met: No additional shares (diluted share count did not rise)
  • met: Gross margin higher than the prior year
  • met: Revenue relative to total assets higher than the prior year

Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.

Price-based criteria (P/E, dividend yield) are shown to signed-in users.

Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.

In short

  • Light green: Revenue grew over 5 years (+36.9% per year), at least as fast as the sector median.
  • Light green: Net income (total) grew over 5 years (+70.7% per year), at least as fast as the sector median; per share +70.6% per year.
  • Light green: Net margin 63.8%, above the sector median (12.5%).
  • Light green: Debt not higher than usual in the sector.
  • Light yellow: Profit in 9 of 10 fiscal years.

Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.

RevenueNet income Net margin (below) in USD
  1. Fiscal year 2017 (Sep 2, 2016 – Aug 31, 2017): Revenue 20.3B USD · Net income 5.1B USD · Net margin 25.0%
  2. Fiscal year 2018 (Sep 1, 2017 – Aug 30, 2018): Revenue 30.4B USD · Net income 14.1B USD · Net margin 46.5%
  3. Fiscal year 2019 (Aug 31, 2018 – Aug 29, 2019): Revenue 23.4B USD · Net income 6.3B USD · Net margin 27.0%
  4. Fiscal year 2020 (Aug 30, 2019 – Sep 3, 2020): Revenue 21.4B USD · Net income 2.7B USD · Net margin 12.5%
  5. Fiscal year 2021 (Sep 4, 2020 – Sep 2, 2021): Revenue 27.7B USD · Net income 5.9B USD · Net margin 21.2%
  6. Fiscal year 2022 (Sep 3, 2021 – Sep 1, 2022): Revenue 30.8B USD · Net income 8.7B USD · Net margin 28.2%
  7. Fiscal year 2023 (Sep 2, 2022 – Aug 31, 2023): Revenue 15.5B USD · Net income −5.8B USD · Net margin −37.5%
  8. Fiscal year 2024 (Sep 1, 2023 – Aug 29, 2024): Revenue 25.1B USD · Net income 778.0M USD · Net margin 3.1%
  9. Fiscal year 2025 (Aug 30, 2024 – Aug 28, 2025): Revenue 37.4B USD · Net income 8.5B USD · Net margin 22.8%
  10. Fiscal year 2026 (Aug 29, 2025 – Sep 3, 2026): Revenue 133.2B USD · Net income 85.0B USD · Net margin 63.8%

Fiscal year 2026 (Aug 29, 2025 – Sep 3, 2026): Revenue 133.2B USD · Net income 85.0B USD · Net margin 63.8%

Figures over time

Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.

Money flow in fiscal year 2026

Of 100 USD of revenue, 80.7 USD gross profit, 74.6 USD operating income and 63.8 USD net income remained.

Money flow as a table
Fiscal year 2026, amounts in USD, share of revenue
ItemAmountof revenue
Revenue133.2B USD100.0%
Gross profit107.5B USD80.7%
Cost of revenue25.7B USD19.3%
Operating income99.3B USD74.6%
Research & development5.7B USD4.2%
Other operating expenses2.5B USD1.9%
Net income85.0B USD63.8%
Interest expense106.0M USD0.1%
Taxes & other (net)14.3B USD10.7%

Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.

Margins

The operating margin rose in 5 years from 22.7% to 74.6%.

Gross marginOperating marginNet margin
  1. Fiscal year 2017: Gross margin 41.5% · Operating margin 28.9% · Net margin 25.0%
  2. Fiscal year 2018: Gross margin 58.9% · Operating margin 49.3% · Net margin 46.5%
  3. Fiscal year 2019: Gross margin 45.7% · Operating margin 31.5% · Net margin 27.0%
  4. Fiscal year 2020: Gross margin 30.6% · Operating margin 14.0% · Net margin 12.5%
  5. Fiscal year 2021: Gross margin 37.6% · Operating margin 22.7% · Net margin 21.2%
  6. Fiscal year 2022: Gross margin 45.2% · Operating margin 31.5% · Net margin 28.2%
  7. Fiscal year 2023: Gross margin −9.1% · Operating margin −37.0% · Net margin −37.5%
  8. Fiscal year 2024: Gross margin 22.4% · Operating margin 5.2% · Net margin 3.1%
  9. Fiscal year 2025: Gross margin 39.8% · Operating margin 26.1% · Net margin 22.8%
  10. Fiscal year 2026: Gross margin 80.7% · Operating margin 74.6% · Net margin 63.8%

Returns

Return on equity rose in 5 years from 13.3% to 61.4%.

Return on equityReturn on assets
  1. Fiscal year 2017: Return on equity 27.3% · Return on assets 14.4%
  2. Fiscal year 2018: Return on equity 43.8% · Return on assets 32.6%
  3. Fiscal year 2019: Return on equity 17.6% · Return on assets 12.9%
  4. Fiscal year 2020: Return on equity 6.9% · Return on assets 5.0%
  5. Fiscal year 2021: Return on equity 13.3% · Return on assets 10.0%
  6. Fiscal year 2022: Return on equity 17.4% · Return on assets 13.1%
  7. Fiscal year 2023: Return on equity −13.2% · Return on assets −9.1%
  8. Fiscal year 2024: Return on equity 1.7% · Return on assets 1.1%
  9. Fiscal year 2025: Return on equity 15.8% · Return on assets 10.3%
  10. Fiscal year 2026: Return on equity 61.4% · Return on assets 43.4%

Equity and long-term debt

The equity ratio fell in 5 years from 74.7% to 70.6%.

EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.
  1. Fiscal year 2017: Equity 18.6B USD · Long-term debt 9.9B USD
  2. Fiscal year 2018: Equity 32.3B USD · Long-term debt 3.8B USD
  3. Fiscal year 2019: Equity 35.9B USD · Long-term debt 4.5B USD
  4. Fiscal year 2020: Equity 39.0B USD · Long-term debt 6.4B USD
  5. Fiscal year 2021: Equity 43.9B USD · Long-term debt 6.6B USD
  6. Fiscal year 2022: Equity 49.9B USD · Long-term debt 6.8B USD
  7. Fiscal year 2023: Equity 44.1B USD · Long-term debt 13.1B USD
  8. Fiscal year 2024: Equity 45.1B USD · Long-term debt 13.0B USD
  9. Fiscal year 2025: Equity 54.2B USD · Long-term debt 14.0B USD
  10. Fiscal year 2026: Equity 138.4B USD · Long-term debt 4.7B USD

Liquidity (current ratio)

The current ratio rose in 5 years from 3.10 to 3.31.

Current ratio
  1. Fiscal year 2017: Current ratio 2.34
  2. Fiscal year 2018: Current ratio 2.79
  3. Fiscal year 2019: Current ratio 2.58
  4. Fiscal year 2020: Current ratio 2.71
  5. Fiscal year 2021: Current ratio 3.10
  6. Fiscal year 2022: Current ratio 2.89
  7. Fiscal year 2023: Current ratio 4.46
  8. Fiscal year 2024: Current ratio 2.64
  9. Fiscal year 2025: Current ratio 2.52
  10. Fiscal year 2026: Current ratio 3.31

Cash flow

Free cash flow rose in 5 years from 2.4B USD to 59.0B USD.

Operating cash flowCapital expenditureFree cash flow in USD
  1. Fiscal year 2017: Operating cash flow 8.2B USD · Capital expenditure 4.7B USD · Free cash flow 3.4B USD
  2. Fiscal year 2018: Operating cash flow 17.4B USD · Capital expenditure 8.9B USD · Free cash flow 8.5B USD
  3. Fiscal year 2019: Operating cash flow 13.2B USD · Capital expenditure 9.8B USD · Free cash flow 3.4B USD
  4. Fiscal year 2020: Operating cash flow 8.3B USD · Capital expenditure 8.2B USD · Free cash flow 83.0M USD
  5. Fiscal year 2021: Operating cash flow 12.5B USD · Capital expenditure 10.0B USD · Free cash flow 2.4B USD
  6. Fiscal year 2022: Operating cash flow 15.2B USD · Capital expenditure 12.1B USD · Free cash flow 3.1B USD
  7. Fiscal year 2023: Operating cash flow not available · Capital expenditure 7.7B USD · Free cash flow not available
  8. Fiscal year 2024: Operating cash flow 8.5B USD · Capital expenditure 8.4B USD · Free cash flow 121.0M USD
  9. Fiscal year 2025: Operating cash flow 17.5B USD · Capital expenditure 15.9B USD · Free cash flow 1.7B USD
  10. Fiscal year 2026: Operating cash flow 89.7B USD · Capital expenditure 30.7B USD · Free cash flow 59.0B USD

Share count

The share count stayed roughly the same in 5 years.

Diluted share count
  1. Fiscal year 2017: Diluted share count 1.2B
  2. Fiscal year 2018: Diluted share count 1.2B
  3. Fiscal year 2019: Diluted share count 1.1B
  4. Fiscal year 2020: Diluted share count 1.1B
  5. Fiscal year 2021: Diluted share count 1.1B
  6. Fiscal year 2022: Diluted share count 1.1B
  7. Fiscal year 2023: Diluted share count 1.1B
  8. Fiscal year 2024: Diluted share count 1.1B
  9. Fiscal year 2025: Diluted share count 1.1B
  10. Fiscal year 2026: Diluted share count 1.1B

From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.

Dividends and share repurchases

How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.

Dividend per share
0.53 USD · Fiscal year 2026
Dividend growth per year
3 y +4.8%5 y –10 y –
Years without a cut
at least 5 as far as the data goes
Payout ratio
of earnings 1% of free cash flow 1%
To shareholders (5 years)
6.4B USD 59% through repurchases
Share count over 5 years
+0.2% roughly unchanged

Dividend per share

The dividend per share rose in 5 years from 0.10 USD to 0.53 USD.

Dividend per share USD per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.
  1. Fiscal year 2017: Dividend per share not available
  2. Fiscal year 2018: Dividend per share not available
  3. Fiscal year 2019: Dividend per share not available
  4. Fiscal year 2020: Dividend per share not available
  5. Fiscal year 2021: Dividend per share 0.10 USD
  6. Fiscal year 2022: Dividend per share 0.32 USD
  7. Fiscal year 2023: Dividend per share 0.46 USD
  8. Fiscal year 2024: Dividend per share 0.46 USD
  9. Fiscal year 2025: Dividend per share 0.46 USD
  10. Fiscal year 2026: Dividend per share 0.53 USD

Payout ratios

The payout ratio fell in 5 years from 1.9% to 0.7%.

Payout ratio (earnings)Payout ratio (free cash flow)
  1. Fiscal year 2017: Payout ratio (earnings) not available · Payout ratio (free cash flow) not available
  2. Fiscal year 2018: Payout ratio (earnings) not available · Payout ratio (free cash flow) not available
  3. Fiscal year 2019: Payout ratio (earnings) not available · Payout ratio (free cash flow) not available
  4. Fiscal year 2020: Payout ratio (earnings) not available · Payout ratio (free cash flow) 0.0%
  5. Fiscal year 2021: Payout ratio (earnings) 1.9% · Payout ratio (free cash flow) 0.0%
  6. Fiscal year 2022: Payout ratio (earnings) 4.1% · Payout ratio (free cash flow) 14.8%
  7. Fiscal year 2023: Payout ratio (earnings) not available · Payout ratio (free cash flow) not available
  8. Fiscal year 2024: Payout ratio (earnings) 65.7% · Payout ratio (free cash flow) 424.0%
  9. Fiscal year 2025: Payout ratio (earnings) 6.1% · Payout ratio (free cash flow) 31.3%
  10. Fiscal year 2026: Payout ratio (earnings) 0.7% · Payout ratio (free cash flow) 1.0%

What goes back to shareholders

Over 5 years, 6.4B USD went back to shareholders, 59% of it through share repurchases.

Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USD
  1. Fiscal year 2017: Dividends paid not available · Share repurchases 35.0M USD · New shares issued (including employee plans) not available · Free cash flow 3.4B USD
  2. Fiscal year 2018: Dividends paid not available · Share repurchases 71.0M USD · New shares issued (including employee plans) 1.4B USD · Free cash flow 8.5B USD
  3. Fiscal year 2019: Dividends paid not available · Share repurchases 2.7B USD · New shares issued (including employee plans) not available · Free cash flow 3.4B USD
  4. Fiscal year 2020: Dividends paid 0.0 USD · Share repurchases 251.0M USD · New shares issued (including employee plans) not available · Free cash flow 83.0M USD
  5. Fiscal year 2021: Dividends paid 0.0 USD · Share repurchases 1.3B USD · New shares issued (including employee plans) not available · Free cash flow 2.4B USD
  6. Fiscal year 2022: Dividends paid 461.0M USD · Share repurchases 2.4B USD · New shares issued (including employee plans) not available · Free cash flow 3.1B USD
  7. Fiscal year 2023: Dividends paid 504.0M USD · Share repurchases 425.0M USD · New shares issued (including employee plans) not available · Free cash flow not available
  8. Fiscal year 2024: Dividends paid 513.0M USD · Share repurchases 300.0M USD · New shares issued (including employee plans) not available · Free cash flow 121.0M USD
  9. Fiscal year 2025: Dividends paid 522.0M USD · Share repurchases 0.0 USD · New shares issued (including employee plans) not available · Free cash flow 1.7B USD
  10. Fiscal year 2026: Dividends paid 610.0M USD · Share repurchases 650.0M USD · New shares issued (including employee plans) not available · Free cash flow 59.0B USD

Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.

Valuation over time

Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users.

Sector comparison

Micron Technology next to 8 stocks of the sector Technology we cover that are closest in revenue. Click a column header to sort the table.

Sector comparison MU, sector Technology; last row: sector median
Symbol Revenue (FY) Growth 5 yrsGross marginOp. marginNet marginROEEquity ratioFCF marginPiotroski
MSFT Microsoft 331.8B USD +14.6%67.9%46.8%40.3%30.2%58.3%20.2%6/9
NVDA Nvidia 215.9B USD +66.9%71.1%60.4%55.6%76.3%76.1%44.8%4/9
MU Micron Technology this stock 133.2B USD +36.9%80.7%74.6%63.8%61.4%70.6%44.3%8/9
DELL Dell Technologies 113.5B USD +3.8%20.0%7.2%5.2%–−2.4%7.5%7/9
ACN Accenture 74.2B USD +8.0%32.0%15.4%11.3%26.5%42.9%15.7%6/9
IBM IBM 67.5B USD −1.7%58.2%–15.7%32.4%21.5%17.9%7/9
ORCL Oracle Corporation 67.4B USD +10.7%–30.6%25.4%40.2%16.2%−35.2%–
AVGO Broadcom 63.9B USD +21.7%67.8%39.9%36.2%28.4%47.5%42.1%–
CSCO Cisco 63.3B USD +4.9%64.5%24.3%21.0%26.4%38.8%20.2%7/9
Median of the sector 63 symbols 11.0B USD +14.5%56.1%14.2%12.5%13.5%51.6%19.0%6/9

Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).

Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.

Key figures with traffic lights

Each light follows a simple, disclosed rule. The comparison is with the sector median of all 97 symbols in the Technology sector on our list (current members of the S&P 500 and other lists).

Revenue growth

Light green: above sector

+36.9% per year, last 5 years

Sector Technology: median +13.5% (88 symbols)

What does this mean? Revenue: over 5 years it grew by 36.9% per year on average – at least as fast as the median company in the sector (+13.5%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net income (total)

Light green: above sector

+70.7% per year, last 5 years

Sector Technology: median +13.3% (62 symbols)

per share: +70.6% per year (5 years, split-adjusted)

What does this mean? Total net income: over 5 years it grew by 70.7% per year on average – at least as fast as the median company in the sector (+13.3%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net margin

Light green: above sector

63.8% last fiscal year

Sector Technology: median 12.5% (97 symbols)

What does this mean? Of every 100 USD in revenue, 63.80 USD remained as profit – at least as much as the median company in the sector (12.5%). Five years ago the margin was 21.2%.

Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.

Debt / equity

Light green: lower than sector

0.02 latest balance sheet

Sector Technology: median 0.45 (79 symbols)

What does this mean? For every 1 USD of equity there is 0.02 USD of financial debt – no more than the median company in the sector (0.45). More debt amplifies good and bad years alike.

Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.

Payout ratio

Light green: covered

1% Dividend / earnings per share

Sector Technology: median 30% (36 symbols)

What does this mean? Of every 1 USD of earnings per share, 0.01 USD went to shareholders as a dividend. The rest stays in the company. Median company in the sector: 30%.

Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.

Profitable years

Light yellow: 1 loss year

9 of 10 fiscal years with a profit

What does this mean? In 9 of the last 10 fiscal years the bottom line showed a profit. One year ended with a loss.

Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).

Last fiscal year and 13F

Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
133.2B USD
Revenue vs. prior year
+256.3%
Net income (FY)
85.0B USD
Net income vs. prior year
+895.1%
EPS (FY)
74.33 USD
13F funds with a position
4 of 9
Funds vs. prior quarter
−1
Shares held vs. prior quarter
+71.4%
Fiscal year to Sep 3, 2026 · 10-K filed Oct 9, 2026 · Balance sheet Sep 3, 2026 (filed Oct 9, 2026) · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term). 13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
YearEndRevenueNet income MarginEarnings per shareDividend per sharePayout
2026Sep 3, 2026 133.2B85.0B 63.8% 74.33 0.53 1%
2025Aug 28, 2025 37.4B8.5B 22.8% 7.59 0.46 6%
2024Aug 29, 2024 25.1B778.0M 3.1% 0.70 0.46 66%
2023Aug 31, 2023 15.5B−5.8B −37.5% −5.34 0.46 –
2022Sep 1, 2022 30.8B8.7B 28.2% 7.75 0.32 4%
2021Sep 2, 2021 27.7B5.9B 21.2% 5.14 0.10 2%
2020Sep 3, 2020 21.4B2.7B 12.5% 2.37 – –
2019Aug 29, 2019 23.4B6.3B 27.0% 5.51 – –
2018Aug 30, 2018 30.4B14.1B 46.5% 11.51 – –
2017Aug 31, 2017 20.3B5.1B 25.0% 4.41 – –
Quarters (amounts in USD, per share in USD)
QuarterEndRevenueNet income MarginEarnings per shareDividend per sharePayout
Q3/26*Sep 3, 2026 54.2B37.7B 69.5% – 0.15 –
Q2/26May 28, 2026 41.5B28.2B 68.1% 24.67 0.15 1%
Q1/26Feb 26, 2026 23.9B13.8B 57.8% 12.07 0.12 1%
Q4/25Nov 27, 2025 13.6B5.2B 38.4% 4.60 0.12 3%
Q3/25*Aug 28, 2025 11.3B3.2B 28.3% – 0.12 –
Q2/25May 29, 2025 9.3B1.9B 20.3% 1.68 0.12 7%
Q1/25Feb 27, 2025 8.1B1.6B 19.7% 1.41 0.12 8%
Q4/24Nov 28, 2024 8.7B1.9B 21.5% 1.67 0.12 7%
Q3/24*Aug 29, 2024 7.8B887.0M 11.4% – 0.12 –
Q2/24May 30, 2024 6.8B332.0M 4.9% 0.30 0.12 38%
Q1/24Feb 29, 2024 5.8B793.0M 13.6% 0.71 0.12 16%
Q4/23Nov 30, 2023 4.7B−1.2B −26.1% −1.12 0.12 –

* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.

How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.

Insiders

All insider transactions
Insider purchases and sales on the market over 3, 6 and 12 months
PeriodPurchasesSalesNet
3 months $00 people $84.3M4 people −$84.3M
6 months $00 people $279.3M9 people −$279.3M
12 months $7.8M1 person $375.0M12 people −$367.2M

Latest transactions

  • Oct 16, 2026 Deboer Scott J Officer Open-market sale · 10b5-1 plan 1 shares · $516.0 · SEC
  • Oct 16, 2026 Deboer Scott J Officer Open-market sale · 10b5-1 plan 100 shares · $90.1K · SEC
  • Oct 16, 2026 Deboer Scott J Officer Open-market sale · 10b5-1 plan 28,444 shares · $25.6M · SEC
  • Oct 14, 2026 Ray Michael Charles Officer Open-market sale · 10b5-1 plan 40 shares · $37.9K · SEC
  • Oct 14, 2026 Ray Michael Charles Officer Open-market sale · 10b5-1 plan 120 shares · $113.5K · SEC
  • Oct 14, 2026 Ray Michael Charles Officer Open-market sale · 10b5-1 plan 200 shares · $189.0K · SEC

Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.

Trend score +0

Price vs. EMA 50-15
Price vs. EMA 200+15
EMA 50 vs. EMA 200+20
ADX (trend strength)-15
Highs and lows-20
Relative strength+15

Volatility and trend strength

ADX 14 (trend strength)29.4
Rel. strength 60 d+10.8%

ATR and moving averages as price values only when logged in.

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