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Signal Ledger LabMicron Technology
MUSIGNAL LEDGER VALUATIONMicron gives one quarter of guidance and no long-range targets, and memory is cyclical. This estimate takes consensus for FY2027 (about $274B), then a mid-cycle FY2030: revenue ~5% lower and operating margins of 38–45%, between the last two cycle peaks, instead of today's 80%+. Every input is cited on the full report.
Research updated 2026-10-23 00:34:20 UTCBUY below $839.67WATCHSELL above $1,574.37
Price viewWATCH
Buy below · 80% of FV$839.67
Sell above · 150% of FV$1,574.37
BUY below 80% of FV · WATCH from 80% to 150% · SELL above 150%. Thresholds use unrounded fair values.
REPORTED FIGURES / LATEST SEC FILING
What MU reported, business by business.
SEC 10-K ↗ · financial year ended 2026-09-03 · filed 2026-10-09 · checked 2026-10-29 01:21 UTC; an earnings release published before the 10-Q or 10-K is not included.
- Reported revenue
- $133.188B
- Reported net income
- $84.969B
- Reported diluted EPS
- $74.33
RECONCILED Business rows reconcile to SEC revenue from the same filing and reporting period. Unverified segment profits remain blank.
Non-overlapping reported revenue lines, 2025-08-29 to 2026-09-03. Reported results; the valuation above uses the dated research assumptions.
| Business | Revenue | Share of revenue | Operating profit | Margin |
|---|---|---|---|---|
| Cloud Memory Business Unit | $43.085B | 32.3% | — | — |
| Core Data Center Business Unit | $37.592B | 28.2% | — | — |
| Mobile and Client Business Unit | $36.601B | 27.5% | — | — |
| Automotive and Embedded Business Unit | $15.886B | 11.9% | — | — |
| All Other | $0.024B | 0.0% | — | — |
| Consolidated revenue | $133.188B | 100% | — |
View reported source cells
Accession 0000723125-26-000023
Cloud Memory Business Unit
CMBU CDBU MCBU AEBU All Other Unallocated Total Revenue $ 43,085 $ 37,592 $ 36,601 $ 15,886 $ 24 $ — $ 133,188
Core Data Center Business Unit
CMBU CDBU MCBU AEBU All Other Unallocated Total Revenue $ 43,085 $ 37,592 $ 36,601 $ 15,886 $ 24 $ — $ 133,188
Mobile and Client Business Unit
CMBU CDBU MCBU AEBU All Other Unallocated Total Revenue $ 43,085 $ 37,592 $ 36,601 $ 15,886 $ 24 $ — $ 133,188
Automotive and Embedded Business Unit
CMBU CDBU MCBU AEBU All Other Unallocated Total Revenue $ 43,085 $ 37,592 $ 36,601 $ 15,886 $ 24 $ — $ 133,188
All Other
CMBU CDBU MCBU AEBU All Other Unallocated Total Revenue $ 43,085 $ 37,592 $ 36,601 $ 15,886 $ 24 $ — $ 133,188
THE COMPANY
What does Micron Technology do?
DRAM and NAND memory producer with cycle-sensitive pricing
Businesses: DRAM · NAND
EVIDENCE
Follow every input to its source
Read the full valuation for each business, the assumptions behind it and the cited evidence.