Micron Technology, Inc. designs, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. It offers memory and storage technologies, including DRAM, NAND, NOR, and 3D XPoint memory under the Micron and Crucial brands, as well as through private labels. The company provides memory products for the cloud server, enterprise, client, graphics, and networking markets, as well as for smartphone and other mobile-device markets; SSDs and component-level solutions for the enterprise and cloud, client, and consumer storage markets; other discrete storage products in component and wafer forms for the removable storage markets, as well as 3D XPoint memory products; and memory and storage products for the automotive, industrial, and consumer markets. It markets its products through its direct sales force, independent sales representatives, distributors, and retailers; and web-based customer direct sales channel, as well as through channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.
IPO Year:
Exchange: NASDAQ
Website: micron.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/26/2025 | $84.00 | Buy → Hold | China Renaissance |
| 12/19/2024 | $125.00 → $110.00 | Buy → Neutral | BofA Securities |
| 12/19/2024 | $135.00 → $125.00 | Buy | TD Cowen |
| 12/19/2024 | $140.00 → $120.00 | Buy | Needham |
| 10/28/2024 | $148.00 | Buy | China Renaissance |
| 9/26/2024 | $115.00 → $135.00 | Buy | TD Cowen |
| 9/19/2024 | $160.00 → $115.00 | Buy | TD Cowen |
| 9/18/2024 | $190.00 → $175.00 | Overweight | Wells Fargo |
| 9/16/2024 | $140.00 → $100.00 | Equal-Weight | Morgan Stanley |
| 9/12/2024 | $140.00 → $67.00 | Outperform → Underperform | Exane BNP Paribas |
BOISE, Idaho, April 29, 2025 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU) announced today that company executives will participate at the 53rd Annual J.P. Morgan Global Technology, Media and Communications Conference in Boston, Massachusetts on Wednesday, May 14, at 6:40 a.m. Mountain Time. Live webcasts and subsequent replays of presentations can be accessed from Micron's Investor Relations website at investors.micron.com/. About Micron Technology, Inc. We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and
BOISE, Idaho, April 17, 2025 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU), a leader in innovative memory and storage solutions, today announced a market segment-based reorganization of its business units to capitalize on the transformative growth driven by AI, from data centers to edge devices. Micron has maintained multiple generations of industry leadership in DRAM and NAND technology and has the strongest competitive positioning in its history. Micron's industry-leading product portfolio, combined with world-class manufacturing execution enables the development of differentiated solutions for its customers across end markets. As high-performance memory and storage become inc
Feurle Takes the Helm at Global Silicon Carbide Leader on May 1, 2025, to Drive Operational Excellence and Accelerate Profitability Proven Executive has Led Large, High-Stakes Business Units for Multiple High Profile Semiconductor Companies Appointment Advances Wolfspeed's Strategic Vision and Long-Term Value Creation Wolfspeed, Inc. (NYSE:WOLF), the global leader in silicon carbide technology, today announced the appointment of Robert Feurle as Chief Executive Officer (CEO), effective May 1, 2025, following a comprehensive internal and external search by the Board of Directors. Feurle succeeds Thomas Werner, who is serving as interim Executive Chairman and will return as Chairman of the
Micron HBM revenue crosses $1 billion milestone in fiscal Q2Strong execution and robust AI demand drives record data center DRAM revenue BOISE, Idaho, March 20, 2025 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU) today announced results for its second quarter of fiscal 2025, which ended February 27, 2025. Fiscal Q2 2025 highlights Revenue of $8.05 billion versus $8.71 billion for the prior quarter and $5.82 billion for the same period last yearGAAP net income of $1.58 billion, or $1.41 per diluted shareNon-GAAP net income of $1.78 billion, or $1.56 per diluted shareOperating cash flow of $3.94 billion versus $3.24 billion for the prior quarter and $1.22 billion for the same per
SAN JOSE, Calif., March 18, 2025 (GLOBE NEWSWIRE) -- GTC 2025 -- Secular growth of AI is built on the foundation of high-performance, high-bandwidth memory solutions. These high-performing memory solutions are critical to unlock the capabilities of GPUs and processors. Micron Technology, Inc. (NASDAQ:MU), today announced it is the world's first and only memory company shipping both HBM3E and SOCAMM (small outline compression attached memory module) products for AI servers in the data center. This extends Micron's industry leadership in designing and delivering low-power DDR (LPDDR) for data center applications. Micron's SOCAMM, a modular LPDDR5X memory solution, was developed in collabo
BOISE, Idaho, March 05, 2025 (GLOBE NEWSWIRE) -- Micron Technology Inc. (NASDAQ:MU) today announced it has appointed two experienced business leaders, Mark Liu and Christie Simons, to its board of directors. Liu spent over 30 years with Taiwan Semiconductor Manufacturing Company (TSMC), where he held increasingly important leadership positions, including senior vice president (2004-2012), co-chief operations officer (2012-2013), president and co-CEO (2013-2018), and executive chairman (2018-2024). Under his leadership, TSMC became the world's largest semiconductor foundry. Currently, he is the founder and chairman of J&M Copper Beech Ventures, a multi-strategy investment fund. Liu began h
BOISE, Idaho, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU), today announced it is the first in the industry to ship samples of its 1γ (1-gamma), sixth-generation (10nm-class) DRAM node-based DDR5 memory designed for next-generation CPUs to ecosystem partners and select customers. This 1γ DRAM milestone builds on Micron's previous 1α (1-alpha) and 1β (1-beta) DRAM node leadership to deliver innovations that will power future computing platforms from the cloud to industrial and consumer applications to Edge AI devices like AI PCs, smartphones and automobiles. The Micron 1γ DRAM node will first be leveraged in its 16Gb DDR5 DRAM and over time will be integrated across
BOISE, Idaho, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU) announced today that it will hold its fiscal second quarter earnings conference call on Thursday, Mar. 20, 2025, at 2:30 p.m. Mountain time. The call will be webcast live at http://investors.micron.com/. Webcast replays of presentations can be accessed from Micron's Investor Relations website for approximately one year after the call. About Micron Technology, Inc. We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excel
BOISE, Idaho, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU), today announced the Micron 4600 PCIe® Gen5 NVMe™ SSD, an innovative client storage drive for OEMs that is designed to deliver exceptional performance and user experience for gamers, creators and professionals. Leveraging Micron® G9 TLC NAND, the 4600 SSD is Micron's first Gen5 client SSD and doubles the performance of its predecessor.1 The Micron 4600 SSD showcases sequential read speeds of 14.5 GB/s and write speeds of 12.0 GB/s. These capabilities allow users to load a large language model (LLM) from the SSD to DRAM in less than one second,2 enhancing the user experience with AI PCs. For AI model load
BOISE, Idaho, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU) announced today that company executives will participate at the Wolfe Research Auto, Auto Tech and Semiconductor Conference in New York, New York on Wednesday, February 12, at 6:50 a.m. Mountain time. Live webcasts and subsequent replays of presentations can be accessed from Micron's Investor Relations website at investors.micron.com/. About Micron Technology, Inc. We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excelle
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China Renaissance downgraded Micron from Buy to Hold and set a new price target of $84.00
BofA Securities downgraded Micron from Buy to Neutral and set a new price target of $110.00 from $125.00 previously
TD Cowen reiterated coverage of Micron with a rating of Buy and set a new price target of $125.00 from $135.00 previously
Needham reiterated coverage of Micron with a rating of Buy and set a new price target of $120.00 from $140.00 previously
China Renaissance initiated coverage of Micron with a rating of Buy and set a new price target of $148.00
TD Cowen reiterated coverage of Micron with a rating of Buy and set a new price target of $135.00 from $115.00 previously
TD Cowen reiterated coverage of Micron with a rating of Buy and set a new price target of $115.00 from $160.00 previously
Wells Fargo reiterated coverage of Micron with a rating of Overweight and set a new price target of $175.00 from $190.00 previously
Morgan Stanley reiterated coverage of Micron with a rating of Equal-Weight and set a new price target of $100.00 from $140.00 previously
Exane BNP Paribas downgraded Micron from Outperform to Underperform and set a new price target of $67.00 from $140.00 previously
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Feurle Takes the Helm at Global Silicon Carbide Leader on May 1, 2025, to Drive Operational Excellence and Accelerate Profitability Proven Executive has Led Large, High-Stakes Business Units for Multiple High Profile Semiconductor Companies Appointment Advances Wolfspeed's Strategic Vision and Long-Term Value Creation Wolfspeed, Inc. (NYSE:WOLF), the global leader in silicon carbide technology, today announced the appointment of Robert Feurle as Chief Executive Officer (CEO), effective May 1, 2025, following a comprehensive internal and external search by the Board of Directors. Feurle succeeds Thomas Werner, who is serving as interim Executive Chairman and will return as Chairman of the
BOISE, Idaho, March 05, 2025 (GLOBE NEWSWIRE) -- Micron Technology Inc. (NASDAQ:MU) today announced it has appointed two experienced business leaders, Mark Liu and Christie Simons, to its board of directors. Liu spent over 30 years with Taiwan Semiconductor Manufacturing Company (TSMC), where he held increasingly important leadership positions, including senior vice president (2004-2012), co-chief operations officer (2012-2013), president and co-CEO (2013-2018), and executive chairman (2018-2024). Under his leadership, TSMC became the world's largest semiconductor foundry. Currently, he is the founder and chairman of J&M Copper Beech Ventures, a multi-strategy investment fund. Liu began h
BOISE, Idaho, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU) today announced it is appointing Mike Cordano as the company's executive vice president of worldwide sales, effective immediately. Cordano will succeed Mike Bokan, who announced a few months ago his intention to retire from Micron in fiscal 2025 after more than twenty-eight years with the company. Bokan will support Cordano over the next several months to ensure a seamless transition. Cordano will report directly to Sanjay Mehrotra, President and CEO of Micron. Cordano joins Micron with a 30-year track record of success in executive leadership, driving innovative business development, and executing success
BOISE, Idaho, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU) today announced that Robert (Bob) Switz, its current Board Chair, will retire at the annual shareholders meeting on Jan. 16, 2025. The Board has unanimously approved the appointment of Micron's President and CEO, Sanjay Mehrotra, to serve as Board Chair and Lynn Dugle as Lead Independent Director following the annual shareholders meeting. Switz joined Micron's Board of Directors in 2006 and was named Chair in 2012. With broad experience, a clear-headed approach and exceptional business acumen, Switz has been a leading voice in driving strong governance and the company's successful strategy. Throughout his
USA News Group CommentaryIssued on behalf of Avant Technologies Inc. VANCOUVER, BC, May 2, 2024 /PRNewswire/ -- With integration of AI-powered computing steadily on the rise, analysts at Goldman Sachs Research are projecting that the global data center power behind this tech boom is poised to more than double by 2030. However, the catch is that Goldman's teach believes that the supporting data center load growth will require at least $50 billion in new power generation capacity investment to achieve this. Experts are now declaring that 'futuristic AI needs futuristic data centers' in order to achieve the dreams of developers and end-users. According to WhaTech, the growth for data centers ma
Seasoned financial leader brings deep experience delivering operational efficiency and profitable growth Bloom Energy Inc. (NYSE:BE), a leading provider of clean energy solutions, announced today the appointment of Daniel Berenbaum as Chief Financial Officer, effective April 29, 2024. Berenbaum will succeed Greg Cameron, who will remain with the company until mid-May 2024 to ensure a smooth transition. "We're thrilled to have Dan join our leadership team," said KR Sridhar, Founder, Chairman and Chief Executive Officer. "He stood out among an exceptional group of finalists by showing a strong record of success across the board – on scaling and strategy; on financial discipline and cost r
BOISE, Idaho, March 11, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU), an industry leader in innovative memory and storage solutions, today announced the appointment of Robert (Bob) Swan to its board of directors. A recognized leader with a distinguished career in the semiconductor, technology and industrial sectors, Swan currently serves as an operating partner at Andreessen Horowitz, where he advises growth-stage portfolio companies. Swan's extensive background includes his tenure as CFO and later CEO of Intel Corporation, where he oversaw 110,000 employees and $78B in annual sales. Prior to joining Intel, as CFO of eBay, Swan played a significant role in driving the co
BOISE, Idaho, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU), an industry leader in innovative memory and storage solutions, today announced it is appointing Michael Ray as the company's senior vice president, chief legal officer and corporate secretary effective immediately. In this role, Ray will report directly to Sanjay Mehrotra, President and CEO of Micron. He will be responsible for Micron's global legal, compliance and intellectual property functions, comprising a team of lawyers, paralegals and other professionals. Ray brings nearly 30 years of legal experience to Micron, including a significant tenure at Western Digital, where he led the legal department
BOISE, Idaho, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU), today announced the appointment of Raj Narasimhan to the role of senior vice president and general manager of its Compute and Networking Business Unit. Narasimhan will be responsible for leading Micron's largest business, driving advances in memory products focused on high-performance computing, artificial intelligence, and cloud and client computing. He will report to Sumit Sadana, Micron's executive vice president and chief business officer. "Raj brings a wealth of experience to this role, having built his career at Micron focusing on quality, R&D, manufacturing and product and customer management," sai
BOISE, Idaho, Dec. 30, 2022 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU), today announced the appointment of Mark Montierth to the role of corporate vice president and general manager of its Mobile Business Unit. Montierth will be responsible for leading Micron's mobile business, including building world-class mobile solutions to address the growing market opportunity for memory and storage driven by the demand for data-intensive mobile experiences. Montierth will report to Sumit Sadana, Micron's executive vice president and chief business officer. "I'm excited to have Mark take on this new role at Micron," said Sadana. "Mark's leadership skills, success in running innovative,
Micron HBM revenue crosses $1 billion milestone in fiscal Q2Strong execution and robust AI demand drives record data center DRAM revenue BOISE, Idaho, March 20, 2025 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU) today announced results for its second quarter of fiscal 2025, which ended February 27, 2025. Fiscal Q2 2025 highlights Revenue of $8.05 billion versus $8.71 billion for the prior quarter and $5.82 billion for the same period last yearGAAP net income of $1.58 billion, or $1.41 per diluted shareNon-GAAP net income of $1.78 billion, or $1.56 per diluted shareOperating cash flow of $3.94 billion versus $3.24 billion for the prior quarter and $1.22 billion for the same per
BOISE, Idaho, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU) announced today that it will hold its fiscal second quarter earnings conference call on Thursday, Mar. 20, 2025, at 2:30 p.m. Mountain time. The call will be webcast live at http://investors.micron.com/. Webcast replays of presentations can be accessed from Micron's Investor Relations website for approximately one year after the call. About Micron Technology, Inc. We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excel
Micron delivers record fiscal Q1 revenue, driven by strong AI demandData center revenue grew over 40% sequentially and over 400% year over year BOISE, Idaho, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU) today announced results for its first quarter of fiscal 2025, which ended November 28, 2024. Fiscal Q1 2025 highlights Revenue of $8.71 billion versus $7.75 billion for the prior quarter and $4.73 billion for the same period last yearGAAP net income of $1.87 billion, or $1.67 per diluted shareNon-GAAP net income of $2.04 billion, or $1.79 per diluted shareOperating cash flow of $3.24 billion versus $3.41 billion for the prior quarter and $1.40 billion for the sam
BOISE, Idaho, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU) announced today that it will hold its fiscal first quarter earnings conference call on Wednesday, Dec. 18, 2024, at 2:30 p.m. Mountain time. The call will be webcast live at http://investors.micron.com/. Webcast replays of presentations can be accessed from Micron's Investor Relations website for approximately one year after the call. About Micron Technology, Inc. We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellenc
BOISE, Idaho, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU) today announced results for its fourth quarter and full year of fiscal 2024, which ended August 29, 2024. Fiscal Q4 2024 highlights Revenue of $7.75 billion versus $6.81 billion for the prior quarter and $4.01 billion for the same period last yearGAAP net income of $887 million, or $0.79 per diluted shareNon-GAAP net income of $1.34 billion, or $1.18 per diluted shareOperating cash flow of $3.41 billion versus $2.48 billion for the prior quarter and $249 million for the same period last year Fiscal 2024 highlights Revenue of $25.11 billion versus $15.54 billion for the prior yearGAAP net income of $778
BOISE, Idaho, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU), announced today that it will hold its fiscal fourth quarter and full-year earnings conference call on Wednesday, September 25, 2024, at 2:30 p.m. Mountain time. The call will be webcast live at http://investors.micron.com/. Webcast replays of presentations can be accessed from Micron's Investor Relations website for approximately one year after the call. About Micron Technology, Inc. We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing
BOISE, Idaho, June 26, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU) today announced results for its third quarter of fiscal 2024, which ended May 30, 2024. Fiscal Q3 2024 highlights Revenue of $6.81 billion versus $5.82 billion for the prior quarter and $3.75 billion for the same period last year GAAP net income of $332 million, or $0.30 per diluted shareNon-GAAP net income of $702 million, or $0.62 per diluted shareOperating cash flow of $2.48 billion versus $1.22 billion for the prior quarter and $24 million for the same period last year "Robust AI demand and strong execution enabled Micron to drive 17% sequential revenue growth, exceeding our guidance range in fiscal
BOISE, Idaho, May 28, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU), announced today that it will hold its fiscal third quarter earnings conference call on Wednesday, June 26, 2024, at 2:30 p.m. Mountain time. The call will be webcast live at http://investors.micron.com/. Webcast replays of presentations can be accessed from Micron's Investor Relations website for approximately one year after the call. About Micron Technology, Inc. We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellen
BOISE, Idaho, March 20, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU) today announced results for its second quarter of fiscal 2024, which ended February 29, 2024. Fiscal Q2 2024 highlights Revenue of $5.82 billion versus $4.73 billion for the prior quarter and $3.69 billion for the same period last year GAAP net income of $793 million, or $0.71 per diluted shareNon-GAAP net income of $476 million, or $0.42 per diluted shareOperating cash flow of $1.22 billion versus $1.40 billion for the prior quarter and $343 million for the same period last year "Micron delivered fiscal Q2 results with revenue, gross margin and EPS well above the high-end of our guidance range — a tes
BOISE, Idaho, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU), announced today that it will hold its fiscal second quarter earnings conference call on Wednesday, March 20, 2024, at 2:30 p.m. Mountain time. The call will be webcast live at http://investors.micron.com/. Webcast replays of presentations can be accessed from Micron's Investor Relations website for approximately one year after the call. About Micron Technology, Inc.We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excelle