Does Micron Technology Inc. (MU) have an economic moat?

MoatScan AI rates Micron Technology Inc. (MU) 47/100 for moat strength, assessed across five sources of competitive advantage: network effects, switching costs, intangible assets, cost advantages and efficient scale. Micron’s moat is best understood as an oligopoly-based franchise rather than a classic branded or software-style advantage.

What is Micron Technology Inc.'s moat score?

Micron Technology Inc. (MU) has a moat score of 47/100. The score is a weighted average of five pillar ratings: network effects, switching costs, intangible assets, cost advantages, and efficient scale. A higher score means the competitive advantages MoatScan AI identifies are wider and more durable.

How does MU's share price compare with its estimated fair value?

MoatScan AI estimates MU's intrinsic value with a discounted cash flow (DCF) model and shows how that estimate compares with the market price at the time of analysis. The estimate updates with each new financial analysis and is a research estimate, not a recommendation.

What is Micron Technology Inc.'s fair value estimate?

MoatScan AI derives Micron Technology Inc.'s (MU) fair value per share from a discounted cash flow (DCF) model built on the company's reported financials, analyst growth forecasts, and a discount rate reflecting its cost of capital. The Financial Analysis tab shows the estimate alongside every assumption behind it.

Back to Database

MU$1,096.16

Micron Technology Inc.

Last Updated

Aug 14, 2026about 2 months ago

Moat & Trend

Management

AI Impact

Competitive Radar

Moat Score

47/100

Executive Summary

Micron’s moat is best understood as an oligopoly-based franchise rather than a classic branded or software-style advantage. The company benefits from extreme capital intensity, manufacturing know-how, and the fact that only a few global players can economically compete in DRAM and NAND. That said, memory remains a cyclical, highly substitutable business with limited pricing power and low customer allegiance in commoditized segments. Micron’s strategic pivot toward AI-oriented HBM and data-center memory improves the quality of its mix and should modestly strengthen its structural position over time. The moat is therefore real but not deep. The company is protected by industry structure and scale, yet it still competes in a market where supply discipline and technology cadence matter more than entrenched customer lock-in.

Network Effects

Minimal Ecosystem Pull

Pillar Strength

1/10

Micron’s products do not become more valuable simply because more customers use them, so classic network effects are essentially absent. Memory chips are components that slot into broader systems; the value proposition comes from performance, capacity, and price rather than a growing user base. There are some ecosystem dynamics around qualification with major OEMs, cloud providers, and GPU platform vendors, but those are not true network effects. A design win with one hyperscaler can influence others, yet that is a sales-reference effect, not a self-reinforcing network. Customers can multi-source across Samsung, SK Hynix, and Micron with limited loss, keeping this pillar very weak.

Switching Costs

Qualification Friction Only

Pillar Strength

4/10

Switching costs exist, but they are modest and usually confined to qualification, testing, and supply-chain management. In servers, graphics memory, and HBM, customers often need extensive validation before adopting a new supplier or a new generation of parts, which creates some inertia. However, once qualified, buyers still routinely dual-source memory to manage pricing and availability risk. The underlying products are standardized enough that replacement is feasible, and procurement teams are highly price sensitive. Micron’s consumer exit also removes a low-friction channel where switching was nearly effortless. Overall, the frictions are real but not durable enough to create strong lock-in across the business.

Intangible Assets

Process IP, Limited Brand

Pillar Strength

5.5/10

Micron has meaningful proprietary know-how in memory process technology, yield improvement, and advanced packaging, and its patent portfolio matters in a litigious industry. Its engineering work in areas such as HBM, 3D NAND, and earlier DRAM process innovations supports product competitiveness. Still, the company lacks the kind of consumer-facing brand power that would command lasting premium pricing, especially after scaling back Crucial. Patents help defend specific implementations, but they rarely create a durable right to pricing power in a market where rivals can develop alternative process routes. The result is a moderate but not commanding intangible asset base.

Cost Advantages

Scale Helps, Not Decisive

Pillar Strength

6/10

Micron enjoys some cost advantages from its scale, process learning, and ability to spread heavy fixed fab costs over large output volumes. In memory, yield, utilization, and node transitions matter enormously, and established manufacturers with large fabs can run closer to efficient scale than any potential entrant. Micron’s continued capex in Boise and Singapore should support competitiveness and supply reliability. Even so, the cost gap versus Samsung and SK Hynix is not persistently decisive; those rivals are also world-class, well-capitalized, and capable of matching process investments. This is a real advantage, but it is an advantage shared by a few large incumbents rather than a unique lower-cost position.

Efficient Scale

Three-Player Oligopoly

Pillar Strength

7/10

This is Micron’s strongest moat pillar. The memory market is dominated by a small number of enormous players, and the capital intensity, process complexity, and risk of overbuilding all discourage new entrants from challenging the incumbents at scale. That structure gives the leaders some pricing discipline over time, even if it does not eliminate deep cyclicality. The market is not a pure natural monopoly, because Samsung and SK Hynix remain formidable rivals and customers can still source from multiple suppliers. But the industry is concentrated enough that entrants face a clear economic disadvantage. Micron therefore benefits from efficient scale, though not to the point of monopoly-like protection.

Moat Type & Trend

Why this company earns its moat rating, and where the moat is heading

Moat Type

Narrow Moat

Trend

Positive

Why This Rating

Micron earns a Narrow Moat because the memory industry itself creates formidable barriers: enormous capital requirements, process complexity, and an oligopolistic structure that makes new entry uneconomic. But the advantage stops short of being wide because customers still treat DRAM, NAND, and much of the storage stack as largely substitutable inputs, buying from multiple suppliers and switching on price, supply, and qualification outcomes. Twenty years from now, Micron may still be one of a small club of producers, yet that does not imply lasting pricing power or deep lock-in. The moat is real, but it is bounded by the commodity nature of the product.

Why This Trend

The moat is edging higher because Micron is concentrating on higher-value AI and data-center memory, especially HBM, where platform qualification and supply assurance matter more than in consumer storage. Its exit from the consumer Crucial business reduces exposure to the most price-sensitive part of the market, while large investments in Boise, Singapore, and the broader U.S. supply chain should reinforce capacity and reliability. The trend would turn negative if the HBM ramp slips, if Samsung or SK Hynix overwhelm the market with new supply, or if Micron loses design wins that currently deepen its customer relationships.

Management Quality Assessment

Evaluating leadership track record, capital allocation, and governance

Verdict

Strong

Sanjay Mehrotra has led Micron since 2017 and brings a long semiconductor track record, including co-founding and scaling SanDisk, but Micron is not founder-led. His stewardship looks disciplined rather than flashy: management has favored targeted M&A over empire-building, while also pruning non-core assets such as the Lehi fab sale. ROIC has been highly cyclical but improved to 14.2% in 2025 after a negative 2023 trough, suggesting better execution through the downturn. Insider ownership appears low overall, and recent senior executive sales suggest modest alignment. CEO pay of about $30.9 million is high, but not clearly egregious for Micron’s size and cyclicality. Governance looks solid, with a mostly independent board and no major red flags.

Key Highlights

Mehrotra has been CEO since 2017 and previously co-founded and scaled SanDisk, giving him deep operating experience in memory and storage. Micron is not founder-led, so execution depends on hired management; that has generally been steady rather than visionary.
Capital allocation has been selective: Micron’s major acquisitions were strategic and infrequent, while the 2021 Lehi fab divestiture showed willingness to exit non-core assets. Recent buybacks have been modest and irregular, which is prudent in a cyclical industry.
ROIC has been volatile but improved materially, from -11.0% in 2023 to 14.2% in 2025, indicating stronger capital efficiency in the latest cycle.
Governance is relatively clean: about 90% of the board is independent and all standing committees are fully independent. The company also prohibits insider pledging and hedging, reducing governance risk.
CEO compensation was roughly $30.9 million in 2025, which is high, but appears broadly tied to Micron’s scale and recovery; insider ownership is low and recent executive share sales point to only moderate alignment.

AI Impact Assessment

Evaluating how AI strengthens or disrupts existing moat pillars

Net Reinforcer. AI is strengthening Micron’s most valuable moat pillars—manufacturing scale, process know-how, and close customer relationships—because HBM and compute-proximate memory are now critical inputs to AI accelerators and data centers. Facts support that Micron has sold-out HBM capacity, is shipping AI-optimized memory and SSDs, and has used AI internally to improve yields and productivity. The moat is still only partly structural: DRAM and NAND remain capital-intensive, cyclical markets where Samsung and SK Hynix can match technology over time. The main near-term uncertainty is whether Micron can hold HBM share and pricing as supply expands and AI capex growth normalizes.

AI Opportunity Highlights

6 / 10

Micron’s sold-out HBM capacity for 2026 gives it rare order visibility and supports pricing power in the most AI-sensitive memory category.
Its AI-optimized SSDs and compute-proximate memory deepen attachment to hyperscale customers that need fast ingest, checkpointing, and inference pipelines.
Vertical integration and U.S.-based manufacturing are being used as a secure supply-chain differentiator for AI infrastructure buyers.
Micron’s internal AI use has improved tool availability, labor productivity, scrap, and time-to-market, which can widen process advantages in advanced nodes.

AI Threat Highlights

5 / 10

Samsung and SK Hynix still dominate the HBM market, so Micron faces direct competition in the highest-growth AI memory segment.
DRAM and NAND remain fundamentally cyclical and price-competitive, limiting how much AI can permanently re-rate the business model.
If AI infrastructure spending slows or supply expands faster than demand, the current HBM scarcity premium could compress quickly.
Emerging memory architectures or alternative system designs could reduce the degree of differentiation in standard memory and storage over time.

Sign in to see the full analysis

The Strategic Factor Breakdown, Management Quality Assessment, and AI Impact Assessment are available to registered users — it's free.

Last Updated

Sep 23, 202619 days ago

Target Price

Analyst Consensus

FAIR VALUE

Financial Strength

Financial Score

72/100

Executive Summary

Micron Technology’s most notable strength is its powerful cyclical rebound, with revenue, earnings, and profitability all improving sharply as memory markets recovered. FY2025 revenue rose to $37.38B from $25.11B, net income reached $8.54B, and margins expanded meaningfully, while forward estimates and a Strong Buy consensus point to continued upside. The balance sheet is also solid, with $26.02B of cash and short-term investments, $47.25B of working capital, and leverage ratios that have eased materially. Cash flow is improving, with operating cash flow at $17.53B and free cash flow back to $1.67B, though heavy $15.86B CapEx and working-capital swings temper quality. The main tension is durability: Micron remains exposed to cyclical demand, prior losses, and volatile cash generation. Overall, the profile is constructive and improving, consistent with the stronger 7/10 to 8/10 ratings across the core areas.

Income Statement

Revenue · Margins · Profitability

Section Score

7/10

Micron shows a cyclical but improving growth profile: revenue rebounded to $37.38B in FY2025 from $25.11B in FY2024, while TTM revenue of $90.27B implies further acceleration. Net income also recovered sharply to $8.54B after the FY2023 loss, though the series remains highly volatile. Margin quality improved materially, with gross margin rising to 39.79% and operating margin to 26.24%, but both are still far from the TTM levels that appear unusually elevated. Earnings durability is mixed: FY2023 included a deep loss, asset writedowns of $1.84B, and other unusual items, indicating significant cyclicality and one-offs. For a memory semiconductor maker, these margins and swings are respectable, but capital intensity and demand cyclicality remain key risks.

Financials are in millions USD unless otherwise specified

Metric	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	TTM
Period Ending	Sep 2, 2021	Sep 1, 2022	Aug 31, 2023	Aug 29, 2024	Aug 28, 2025	May 28, 2026
Revenue	27,705	30,758	15,540	25,111	37,378	90,274
Revenue Growth	29.25%	11.02%	-49.48%	61.59%	48.85%	166.98%
Net Income	5,861	8,687	-5,833	778	8,539	50,469
Net Income Growth	118.12%	48.22%	—	—	997.56%	710.75%
Profit Margin	21.15%	28.24%	-37.54%	3.10%	22.84%	55.91%

Data as of May 28, 2026

Balance Sheet

Assets · Liabilities · Equity

Section Score

7/10

Micron’s balance sheet shows solid liquidity and a stronger capital base at the latest period. Total current assets rose to $66.74B versus $19.49B of current liabilities, supported by $26.02B of cash and short-term investments and $47.25B of working capital. Total assets increased to $134.11B while total liabilities were $33.39B, leaving shareholders’ equity at $100.72B, a meaningful improvement from prior years. The main watchout is leverage drift: total debt is $6.38B, but long-term debt and lease obligations remain significant, and inventory is still elevated at $8.57B. Overall, liquidity is strong, equity trends are constructive, and the balance sheet appears resilient, though liabilities have been rising steadily.

Financials are in millions USD unless otherwise specified

Metric	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Current
Period Ending	Sep 2, 2021	Sep 1, 2022	Aug 31, 2023	Aug 29, 2024	Aug 28, 2025	May 28, 2026
Total Current Assets	19,907	21,781	21,244	24,372	28,841	66,737
Total Assets	58,849	66,283	64,254	69,416	82,798	134,112
Total Current Liabilities	6,424	7,539	4,765	9,248	11,454	19,488
Total Liabilities	14,916	16,376	20,134	24,285	28,633	33,388

Data as of May 28, 2026

Cash Flow Statement

Operations · Investing · Financing

Section Score

6.5/10

Micron’s cash generation is uneven but improved sharply in the latest period. Operating cash flow rose to $17.53B in FY2025 from $8.51B in FY2024, and TTM CFO reached $51.43B, well above prior years. Free cash flow is positive again at $1.67B, but this follows a very weak FY2023 and only modest FY2024, showing that results remain cyclical. CapEx stayed heavy at $15.86B, indicating substantial reinvestment, while large working-capital swings, especially the $21.61B change in receivables TTM, reduce cash flow quality. Capital returns look measured, with $522M of dividends and limited net debt use, though buybacks have been inconsistent. Overall, cash generation is improving but still volatile.

Financials are in millions USD unless otherwise specified

Metric	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	TTM
Period Ending	Sep 2, 2021	Sep 1, 2022	Aug 31, 2023	Aug 29, 2024	Aug 28, 2025	May 28, 2026
Operating Cash Flow	12,468	15,181	1,559	8,507	17,525	51,432
Operating Cash Flow Growth	50.11%	21.76%	-89.73%	445.67%	106.01%	238.37%
Free Cash Flow	2,438	3,114	-6,117	121	1,668	26,172
Free Cash Flow Growth	2,837.35%	27.73%	—	—	1,278.51%	1,291.39%
Free Cash Flow Margin	8.80%	10.12%	-39.36%	0.48%	4.46%	28.99%

Data as of May 28, 2026

Key Ratios

Liquidity · Leverage · Efficiency · Returns

Section Score

7.5/10

Micron shows a generally solid balance sheet and operating profile. Liquidity is comfortable: the current ratio improved to 3.43 from 2.52 in FY2025, and the quick ratio rose to 2.93, both well above short-term coverage needs. Leverage has eased meaningfully, with debt-to-equity falling to 0.06 and debt-to-EBITDA to 0.09, indicating a much lighter debt load than in FY2023–FY2024. Efficiency is mixed but improving, as asset turnover strengthened to 0.85, though inventory turnover remains moderate at 2.86. Profitability was volatile, with a loss in FY2023, but ROE, ROA, ROIC, and ROCE recovered strongly in FY2024–FY2025, suggesting a much healthier return profile overall.

Ratios are dimensionless unless otherwise noted

Metric	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Current
Period Ending	Sep 2, 2021	Sep 1, 2022	Aug 31, 2023	Aug 29, 2024	Aug 28, 2025	Sep 22, 2026
Debt / Equity Ratio	0.17	0.15	0.32	0.31	0.28	0.06
Quick Ratio	2.17	1.92	2.53	1.59	1.71	2.93
Current Ratio	3.1	2.89	4.46	2.64	2.52	3.43
ROEReturn on Equity (ROE)	14.13%	18.51%	-12.41%	1.74%	17.20%	66.64%
ROAReturn on Assets (ROA)	7.55%	9.70%	-3.42%	1.22%	8.05%	34.87%
ROICReturn on Invested Capital (ROIC)	15.78%	19.41%	-7.39%	1.66%	15.72%	67.64%
ROCEReturn on Capital Employed (ROCE)	13.00%	16.50%	-6.00%	2.20%	13.70%	51.70%

Data as of Sep 22, 2026

Growth

Revenue · EPS · Valuation · Estimates

Section Score

8/10

Micron’s profile shows a sharp cycle reset followed by a strong upward inflection. Revenue fell from $30.76B to $15.54B before rebounding to $25.11B, then the forward estimates imply a major acceleration to $37.38B and $129.92B, suggesting a powerful demand and pricing recovery. EPS has been far more volatile, swinging from $7.75 to a loss, then recovering to $0.7 and projected to climb to $7.59 and $73.52, with earnings growth outpacing revenue in the forecast period and implying expanding margins. Analyst sentiment is very constructive: Strong Buy consensus, a wide but bullish target range, and 49 analysts supporting relatively high confidence. The recommendation mix has also improved modestly, with more Strong Buy views over recent months.

Third-party Analyst Price Targets

Low$361-67.07%

Median$1,545+40.95%

Average$1,515+38.21%

High$2,200+100.70%

Strong BuyConsensus rating and price targets published by third-party analysts. Not a MoatScan AI view.

49 analysts

Third-party Analyst Recommendation Trends

Rating	Apr '26	May '26	Jun '26	Jul '26	Aug '26	Sep '26
Strong Buy	30	30	31	31	35	36
Buy	9	9	9	9	9	9
Hold	5	4	4	5	4	4
Sell	0	0	1	0	0	0
Strong Sell	0	1	0	0	0	0
Total	44	44	45	45	48	49

Forecast · Analyst Estimates

Revenue This Year129.92B

+247.59%from 37.38B

FY 2026

Revenue Next Year247.60B

+90.58%from 129.92B

FY 2027

EPS This Year· non-GAAP adj.73.52

+786.83%from 8.29

FY 2026

EPS Next Year· non-GAAP adj.158.93

+116.17%from 73.52

FY 2027

Historical · Reported Actuals

Metric	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenue	27.70B	30.76B	15.54B	25.11B	37.38B
Revenue Growth	+29.25%	+11.02%	-49.48%	+61.59%	+48.85%
EPS (GAAP diluted)	5.14	7.75	-5.34	0.70	7.59
EPS Growth	+116.67%	+50.78%	-168.90%	+113.11%	+984.29%

Revenue in USD · EPS per share · Price targets in USD

Data as of Aug 28, 2025 · Forecast EPS is analyst non-GAAP adjusted; historical EPS is GAAP diluted — not directly comparable.

Fair Value Estimation

DCF · Model estimate vs. price -71.1% · Price above model estimate

AI Fair Value Estimate (DCF)

$316.66vs$1,096.16

Model estimate vs. price-71.1%

Price above model estimate

A discounted cash flow framework fits Micron because the business is fundamentally cash-generative and its economics can be modeled through a multi-year operating ramp, margin normalization, and reinvestment needs. The projected cash-flow path suggests early pressure from heavy capital intensity, followed by improving margin conversion as revenue scales and capex discipline allows more of that growth to fall through to free cash flow, before long-term growth fades toward a terminal rate.

AI Valuation Commentary

DCF is the right lens for Micron because value depends on how efficiently a cyclical, capital-intensive business converts a multi-year revenue ramp into sustainable free cash flow. The model assumes 12.86% revenue CAGR, a 68.29% average EBITDA margin, and capex at 40.13% of revenue, with a 10.5% discount rate and 4% terminal growth. That setup still produces a fair value of $316.66 per share versus a current price of $1,096.16, implying a -71.11% margin of safety and an overvalued verdict. The result is highly sensitive to WACC, terminal growth, and margin durability: stronger pricing power or lighter reinvestment would help, while weaker margins or a higher discount rate would deepen the downside case.

DCF Assumptions

WACC

10.5%

Weighted avg cost of capital

Revenue Growth (10Y)

12.9%

CAGR assumption

EBITDA Margin

68.3%

Steady-state projection

CapEx / Revenue

40.1%

Capital investment

Terminal Growth

4.0%

Long-run growth rate

Projection Period

10 yrs

Explicit forecast horizon

Projected Cash Flows

Values in millions USD

Year	Revenue	EBITDA	FCF	Discounted FCF
Yr 1	44,889	25,336	2,390	2,163
Yr 2	53,837	31,360	5,356	4,386
Yr 3	64,649	40,195	9,637	7,143
Yr 4	73,005	49,135	14,600	9,793
Yr 5	83,699	58,687	19,125	11,609
Yr 6	94,530	67,382	22,730	12,486
Yr 7	104,955	76,127	26,732	13,289
Yr 8	114,726	84,613	31,274	14,070
Yr 9	124,600	93,347	35,611	14,499
Yr 10	133,322	101,525	40,226	14,821
Terminal Value (PV)				237,140

Key Valuation Ratios

Current vs 5-year average

PE Ratio

24.74x

4Y avg 43.42x

-43.0% vs avg

Forward PE

7.47x

5Y avg 48.99x

-84.8% vs avg

P/FCF Ratio

47.30x

4Y avg 253.03x

-81.3% vs avg

PS Ratio

13.71x

5Y avg 3.57x

+283.6% vs avg

A multiple below its own multi-year average can indicate the stock is cheaper than its recent history — context, not a standalone signal.

Sign in to see the full analysis

The Income Statement, Balance Sheet, Cash Flow, Key Ratios, Forecast, and Fair Value analysis are available to registered users — it's free.

Last Updated

Aug 5, 2026

Short Term

Medium Term

Long Term

Technical Overview

$892.67Price at Analysis

MU’s technical profile is mixed in the short run but more constructive over longer horizons. Near term, momentum has softened: price sits just below the 20-day average, MACD is bearish, and volume is uninspiring, which argues for choppy trading rather than immediate upside continuation. Medium term, the stock is caught between a supportive 200-day backdrop and a weaker 50-day setup, keeping the pattern in a consolidation phase. Long term, the trend remains intact enough to stay constructive, especially with the share price above the 200-day average and in golden-cross territory. The most important levels to watch are $867.75 and $857.38 on the downside, with $901.31 and then $907.27 as the first meaningful hurdles on recovery.

Short Term

1 to 4 weeks

Downtrend

MU is trading slightly below its 20-day moving average, with RSI at 49.2 and MACD still below signal, so short-term momentum remains muted to negative. The mid-band Bollinger position and below-average volume reinforce a lack of strong accumulation, leaving rallies vulnerable to fade.

Key Indicators

Price vs 20-day MA-0.99% below

Price vs 50-day MA-7.92% below

RSI (14-day)49.2

RSI InterpretationNeutral

MACD TrendNegative (below signal)

Bollinger PositionMiddle

Volume TrendNeutral

Support

$867.75$857.38$840.60

Resistance

$901.31$910.57$928.46

The nearest short-term support sits at $867.75, only slightly below the current price, making it the most likely level to be tested first if selling resumes; below that, $857.38 and $840.6 are the next downside references. On the upside, $901.31 is the first resistance to watch, with a likely 1–4 week test if price stabilizes above the daily pivot at $884.53.

Medium Term

1 to 6 months

Sideways

The medium-term picture is mixed: price remains well above the 200-day moving average and in golden-cross territory, but it is also below the 50-day moving average and the broader trend is still marked as sideways. That combination argues for consolidation rather than a decisive trend call until the stock can reclaim the 50-day area with better follow-through.

Key Indicators

Price vs 50-day MA-7.92% below

Price vs 200-day MA+70.09% above

52-Week Range PositionUpper third (68%)

Trend DirectionSideways

MA Cross SignalGolden Cross territory

Relative Volume0.80x avg

Support

$756.67$728.94$710.15

Resistance

$907.27$926.06$953.79

Weekly pivots place the nearest support at $756.67, with the 50-day moving average area acting as an important intermediate reference given price is currently below it; resistance is clustered at $907.27, $926.06, and $953.79. Over the next 1–6 months, testing the upper weekly resistance band is plausible if MU can recapture the 50-day average and hold above the weekly pivot region.

Long Term

6 months and beyond

Uptrend

From a long-term perspective, MU remains constructive because it sits materially above the 200-day moving average and the moving-average structure is still supportive. However, the stock is still 28.9% below its 52-week high and the trend direction is sideways, so the bullish case is more about durability than immediate upside acceleration.

Key Indicators

Price vs 200-day MA+70.09% above

52-Week High$1255.00

52-Week Low$106.75

Distance from 52w High-28.9%

BB Bandwidth30.1%

MA CrossoverNone detected

Support

$748.79$674.94$664.03

Resistance

$1023.15$1034.06$1107.91

Monthly structure shows broad support at $748.79, $674.94, and $664.03, while resistance is overhead at $1023.15, $1034.06, and $1107.91. Over 6+ months, the key question is whether MU can work back toward the monthly resistance band and eventually challenge the 52-week high near $1255, while the lower monthly supports define the major structural floor.

Sign in to see the full analysis

See the full short, medium & long-term indicator breakdowns and support/resistance levels — free for registered users.

Frequently asked questions about Micron Technology Inc.

Does Micron Technology Inc. (MU) have an economic moat?: MoatScan AI rates Micron Technology Inc. (MU) 47/100 for moat strength, assessed across five sources of competitive advantage: network effects, switching costs, intangible assets, cost advantages and efficient scale. Micron’s moat is best understood as an oligopoly-based franchise rather than a classic branded or software-style advantage.Sign in free to see the Moat Type verdict and the pillar-by-pillar reasoning.
What is Micron Technology Inc.'s moat score?: Micron Technology Inc. (MU) has a moat score of 47/100. The score is a weighted average of five pillar ratings: network effects, switching costs, intangible assets, cost advantages, and efficient scale. A higher score means the competitive advantages MoatScan AI identifies are wider and more durable.Sign in free to see each pillar rating, the Moat Type verdict and the moat trend.
How does MU's share price compare with its estimated fair value?: MoatScan AI estimates MU's intrinsic value with a discounted cash flow (DCF) model and shows how that estimate compares with the market price at the time of analysis. The estimate updates with each new financial analysis and is a research estimate, not a recommendation.Sign in free to see the fair value estimate and how it compares with the price.
What is Micron Technology Inc.'s fair value estimate?: MoatScan AI derives Micron Technology Inc.'s (MU) fair value per share from a discounted cash flow (DCF) model built on the company's reported financials, analyst growth forecasts, and a discount rate reflecting its cost of capital. The Financial Analysis tab shows the estimate alongside every assumption behind it.Sign in free to see the estimate and the full assumptions behind it.

Disclaimer: The analysis on this page is generated by AI and is provided for informational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any security. Always conduct your own due diligence and consult a qualified financial adviser before making any investment decisions. MoatScan AI is an educational research tool. It is not licensed or registered with the Securities Commission Malaysia or any other financial regulator, and it holds no positions in, and receives no compensation from, any company analysed.

MU$1,096.16

Sign in to see the full analysis

Sign in to see the full analysis

Sign in to see the full analysis

Frequently asked questions about Micron Technology Inc.

Other Narrow Moat companies