Micron Technology Inc (MU) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of Micron Technology Inc stock $619, price $795, that is 22.1% below the price, quality 74 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Micron Technology Inc
MU · USOur calculation puts a fair price 22% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range $47.94 – $1,213 · fair‑value band $327.91 – $771.79 · the $795.23 price screens above the $619.48 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 5, 2026.
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Company profile
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.
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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.
Stock analysis
Micron Technology Inc (MU) currently trades at $795.23, while our model-based Fair Value estimate is $619.48, 22% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $2,340 per share, and 18 of the 26 models we run sit above the $795.23 price.
Bear case: the Multiples group reads lowest at $647.44, and 8 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $327.91 (bear) to $771.79 (bull), the price of $795.23 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 74/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Micron Technology Inc reported revenue of $133B in FY2026 versus $30.8B in FY2022, a compound +44.3%/yr. Reported net income was $85.0B in FY2026, compounding +76.8%/yr from FY2022.
Key figures
Market cap $882B Mega · P/E ratio 10.7 · P/S ratio 6.63 · EPS (TTM) $74.33 · Dividend yield 0.1% · Net margin 63.8% · Return on equity 88.3% · Return on assets (EBIT) 14.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 84 out of 100 (medium confidence).
What moves the price
The share trades about 34% below its 52-week high and 295% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −11% fair-value upside, at −22%, MU screens richer than that median.
Fair Value models
All 26 models by family
The fair value above starts from this blend and is adjusted for a cyclical peak year.
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 9 officers or directors sold shares worth $253.8M and none bought.
- SaleScott J DeboerPres. & Chief Tech & Prod Offr28,545 shares at $900.00$25.7MOct 16, 202610b5-1 plan
- SaleMichael Charles RaySVP, Chief Legal Officer4× since Jan 27, 2026: 26,197 shares, avg. $571.46$15.0MOct 14, 202610b5-1 plan
- SaleSanjay MehrotraPresident and CEO, Director9× since Nov 6, 2025: 212,500 shares, avg. $871.87$185.3MAug 21, 202610b5-1 plan
- SaleSumit SadanaEVP and Chief Business Officer3× since Feb 2, 2026: 64,000 shares, avg. $544.91$34.9MAug 18, 2026
- SaleScott R. AllenCVP, Chief Accounting Officer2× since Jan 6, 2026: 2,879 shares, avg. $539.77$1.6MJul 23, 2026
- SaleApril S ArnzenEVP and Chief People Officer3× since Dec 22, 2025: 95,000 shares, avg. $646.42$61.4MJul 1, 202610b5-1 plan
- SaleLynn A DugleDirector1,300 shares at $1,150$1.5MJun 30, 2026
- SaleAlexis BjorlinDirector25 shares at $1,132$28,308Jun 26, 2026
- SaleSteven J GomoDirector2× since Dec 19, 2025: 7,000 shares, avg. $413.17$2.9MMay 11, 2026
- SaleMichael D CordanoEVP, Worldwide Sales2× since Apr 9, 2026: 6,814 shares, avg. $427.91$2.9MApr 14, 2026
Plus 2 more entries from the last 12 months.
Plus 18 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 5, 2026. All filings at the SEC ↗
Revenue & earnings trend
Growth Forecast
MU screens overvalued: fair value 22% below the price. Compare with NVIDIA Corporation →
Recent news
- Micron Announces Board of Directors Retirement
- Top Stock Reports for Berkshire Hathaway, Micron & Chevron
- Micron Stock Falls After Report of $4.5 Billion Taiwan Pause
Compare Micron Technology Inc with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Semiconductors · 372 stocks
Valuation Multiplesvs Semiconductors median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- EV/EBITDA by industry
- Dividend yield by industry
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- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Semiconductors stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| SK hynix Inc 000660 | 1,264,000 KRW | 1,535,600 KRW | +21% | vs MU |
| Taiwan Semiconductor Manufacturing Company TSM | $395.75 | $435.33 | +10% | vs MU |
| NVIDIA Corporation NVDA | $200.13 | $198.56 | −1% | vs MU |
| Broadcom Inc AVGO | $325.48 | $300.84 | −8% | vs MU |
| Intel Corporation INTC | $58.27 | $52.14 | −11% | vs MU |
| Analog Devices, Inc ADI | $406.24 | $262.04 | −36% | vs MU |
| Marvell Technology, Inc MRVL | $159.80 | $87.64 | −45% | vs MU |
| Advanced Micro Devices, Inc AMD | $488.78 | $148.70 | −70% | vs MU |
| Texas Instruments Incorporated TXN | $311.49 | $81.25 | −74% | vs MU |
| Arm Holdings ARM | $191.80 | $45.16 | −76% | vs MU |
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Key figures of Micron Technology Inc
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