Micron Technology Inc. (MU) stock — is it a good business?

Micron Technology Inc. (MU) stock — is it a good business? — InspectStocks

How it makes money

Cloud Memory Business Unit: memory for large cloud providers and high-bandwidth memory for data centers33%
Core Data Center Business Unit: memory and storage for cloud, enterprise, and data-center equipment customers28%
Mobile and Client Business Unit: memory and storage for phones, computers, and consumers28%
Automotive and Embedded Business Unit: memory and storage for vehicles, industrial equipment, and consumer devices11%

Shares of revenue are estimates for fiscal Q3 2026 ended May 28, 2026, high confidence, not figures from a filing.

Competes with

SSNLFSamsung Electronics Co., Ltd.
HXSCFSK hynix Inc.
KXSCFKioxia Holdings Corporation
SNDKSandisk Corporation
A
Size
$133.3B
Margin
67.0%
ChangXin Memory Technologies, Inc. (CXMT)
Yangtze Memory Technologies Co., Ltd. (YMTC)

What it sells5

DRAM, including high-bandwidth memory
Temporary working memory used in servers, computers, graphics equipment, phones, vehicles, and other devices. High-bandwidth memory is a stacked form of DRAM designed to move data quickly for artificial intelligence and other demanding computing tasks.
NAND flash and solid-state drives
NAND flash stores data without power. Micron sells it as chips and in SSDs, which use flash memory, a controller, and software to store and retrieve data in data centers and computers.
Managed NAND and multi-chip packages
Managed NAND combines flash memory with a controller and software that handle memory-management tasks. Multi-chip packages combine memory types, such as DRAM and NAND, in one compact package for phones, vehicles, and embedded devices.

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NOR memory
Non-volatile memory with fast read speeds, commonly used to store startup, application, and operating-system code in automotive, industrial, and consumer devices.
Micron and Crucial-branded memory and storage products
Products sold under Micron and Crucial brands, including memory and SSDs for computers and consumer use. Micron also sells products under private labels.

Who buys it6

Large cloud-computing providers buy memory for servers and high-bandwidth memory for data-center systems, primarily through Micron's direct sales organization.
Mid-sized cloud providers, businesses, and data-center equipment makers buy server memory and data-center storage products, including SSDs.
Mobile-device makers buy memory and storage chips and packages for smartphones and other mobile products.

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Computer makers buy memory and SSDs for desktop and notebook computers; consumers can also buy Crucial-branded products through Micron's website and retail or distribution partners.
Automotive, industrial, and consumer-device makers buy memory and storage products for vehicles, industrial equipment, and connected devices.
Distributors, retailers, and independent sales representatives help sell Micron products; distributors may also carry competing semiconductor products.

What it stands on, and what could break it

What the business leans on

1Revenue is concentrated among large customers: the ten largest customers accounted for approximately 50% of revenue (each of fiscal 2023, 2024, and 2025, high confidence).
2Manufacturing depends on specialized materials, components, equipment, subcontractors, and services. Some supplies or services have only a limited number of qualified sources, and production also needs reliable electricity, gas, and water.
3Micron manufactures products across several countries and relies on international trade. Export restrictions, tariffs, geopolitical tensions, and China's restriction on Micron products for certain critical-infrastructure operators can affect sales or supply.

What could go wrong

1Prices for memory and storage products can change substantially as supply and customer demand shift. The latest quarterly report said artificial-intelligence-driven demand was exceeding industry supply and contributing to higher prices; a change in those conditions could affect revenue and profit.
2Production problems, shortages of specialized materials or components, or interruptions to power, water, equipment, or third-party services could limit Micron's ability to make and ship products. Building and ramping new fabrication facilities also requires specialized equipment, contractors, and substantial investment.
3Competition and changing trade rules can affect Micron's ability to sell and produce its products. The company faces competitors investing in memory production, and export controls, tariffs, geopolitical tensions, and China's restriction on certain purchases of Micron products may limit sales or disrupt operations.

Full financial statements →

About Micron Technology Inc.

Micron designs and manufactures semiconductor memory and storage products. Dynamic random-access memory (DRAM) provides temporary working memory, while NAND flash stores data when power is off and NOR memory is often used to store code. Micron sells these products as chips, modules, and solid-state drives (SSDs) to customers in data centers, personal computers, mobile devices, vehicles, and other markets.

Head office: Boise, Idaho, United States
Founded: 1978
Employees: Approximately 53,000 (August 28, 2025, high confidence)
Listed on: Nasdaq
Financial year ends: A 52- or 53-week period ending on the Thursday closest to August 31

Built from Micron Technology Inc.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Keep exploring

The themes Micron Technology is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.

The theme it is part of

Highest-graded in Semiconductors

Graded A or B and worth $2B or more: A first, then the largest.

All 71 graded companies in its industry

Grade rose recently in Technology

Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.

All grade rises