MU
Micron Technology, Inc.
Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Micron Technology, Inc..
Coverage
Our Explainer Prints −884 for One Company. Micron's Newest Filed Quarter Computes to 388. It Is the Same Metric Failing at Both Ends.
Micron's gross margin ran from −32.66% to 84.56% in fourteen quarters. A score built on year-over-year growth reads whatever the price cycle was doing.
We Said Micron's HBM Business Wasn't Cyclical Any More. Two Filings Later, Gross Margin Went From 37.7% to 84.6%.
In February we argued Micron's sold-out HBM capacity made it look more like a foundry than a commodity memory maker, then cited that call again in July without ever checking it. The quarter ended 2026-05-28 answers it: revenue up 4.46× year over year while cost of goods rose 10.5%. Our own series stops one quarter short of all of it.
Both Labels Are Correct and Nothing Joins Them: 22 Scores on This Site Come From an Older Quarter Than Our Own Coverage
The score names its quarter. The article names its quarter. They differ, for two unrelated reasons, on 22 of the 66 companies we track. Nothing joins the two.
Micron Just Sold Out Its Entire 2026 HBM Capacity
Micron's HBM4 enters volume production ahead of schedule, 2026 capacity is 100% sold out, and the stock hit a record $410. Here's what it means for the AI memory race.
The $700B AI Bet: Inside the Mag 7's Record 2026 CapEx Arms Race
The Magnificent Seven are set to spend $700B+ on AI infrastructure in 2026, up 60% from 2025. We break down who's spending what, the supply chain winners, and why the market is spooked.
Earnings release dates
| Quarter | End date | Publication date | Release |
|---|---|---|---|
| 2026 Q3 | 2026-06-24 | Details → | |
| 2026 Q2 | 2026-02-26 | 2026-03-18 | Details → |
| 2026 Q1 | 2025-11-27 | 2025-12-18 | Details → |
| 2025 Q4 | 2025-08-28 | 2025-09-25 | Details → |
| 2025 Q3 | 2025-05-29 | 2025-06-25 | Details → |
| 2025 Q2 | 2025-02-27 | 2025-03-20 | Details → |
| 2025 Q1 | 2024-11-28 | 2024-12-18 | Details → |
| 2024 Q4 | 2024-08-29 | 2024-09-25 | Details → |
Company History
Micron goes public on NASDAQ amid early DRAM leadership (world
Strong entry into NAND flash market, diversifying beyond DRAM and positioning for mobile/storage growth.
Major DRAM industry consolidation amid bankruptcy opportunities; elevates Micron to top-tier supplier, enhances pricing discipline, and sparks stock recovery from post-financial crisis lows.
Shift to vertical stacking technology enables higher densities/lower costs; new non-volatile category challenges traditional storage paradigms.
Backed by CHIPS Act subsidies, commits to massive domestic expansion in New York/Idaho, shifting narrative to long-term US manufacturing leadership.
Positions Micron as key supplier for Nvidia/AMD AI GPUs; ignites multi-year HBM demand surge, marking entry into high-margin AI memory market.
Ships leading HBM3E/HBM4, exits consumer graphics to prioritize AI; demand vastly outstrips supply, driving 200%+ stock gains and debates over end of traditional boom-bust cycles.
