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.

Is MU stock overvalued or undervalued?

MoatScan AI answers this by estimating MU's intrinsic value with a discounted cash flow (DCF) model, then comparing that estimate to the current market price. A share price meaningfully below the estimate is flagged undervalued; meaningfully above it, overvalued. The estimate updates with each new financial analysis.

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$892.67

Micron Technology Inc.

Last Updated

Aug 14, 202614 days 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

AI Opportunity

6/ 10

AI Threat

5/ 10

Net AI Impact

+1Neutral

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

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

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.

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Last Updated

Aug 5, 202623 days ago

Target Price

Analyst Consensus

FAIR VALUE

Financial Strength

Financial Score

76/100

Executive Summary

Micron Technology’s most notable strength is its solid, liquid balance sheet, which provides a strong cushion through semiconductor cycle swings. Current assets and equity have expanded meaningfully, leverage remains modest, and cash plus short-term investments support near-term flexibility, even as receivables and working-capital intensity warrant monitoring. Operating performance has rebounded sharply from the FY2023 downturn: revenue, gross margin, operating margin, and cash flow all improved materially in FY2024–FY2025, with TTM revenue and cash generation pointing to further acceleration. However, profitability and earnings remain highly cyclical, and heavy capex continues to compress free cash flow despite stronger operating cash flow. Overall, Micron presents a healthy but cyclical financial profile: stronger than a typical capital-intensive memory producer on liquidity and leverage, yet still dependent on favorable pricing and utilization to sustain the current rebound, consistent with its above-average ratings across all areas.

Income Statement

Revenue · Margins · Profitability

Section Score

7/10

Micron shows a strong cyclical recovery: revenue fell sharply in FY2023, then rebounded in FY2024 and FY2025, with TTM revenue well above the latest full year, indicating further acceleration. Profitability is much less stable than sales, with gross margin swinging from positive to a FY2023 loss before recovering materially, and operating margin following the same pattern. Net income is highly volatile, reflecting memory-cycle pricing, utilization swings, and normalization in tax and other lines rather than a smooth earnings profile. Against semiconductor peers, this is consistent with a capital-intensive, cyclical business rather than a high-stability model. Key flags are margin volatility, rising operating costs, and reliance on strong pricing to sustain earnings.

Financials are in millions USD unless otherwise specified

Metric	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May 31, 2026	Aug 31, 2025	Aug 31, 2024	Aug 31, 2023	Aug 31, 2022
Revenue	90,274	37,378	25,111	15,540	30,758
Revenue Growth	141.52%	48.85%	61.59%	-49.48%	—
Net Income	50,469	8,539	778	-5,833	8,687
Net Income Growth	491.04%	997.56%	113.34%	-167.15%	—

Data as of May 31, 2026

Balance Sheet

Assets · Liabilities · Equity

Section Score

8/10

Micron’s balance sheet is solid and improving. Total current assets rose from $21.8 billion in FY2022 to $28.8 billion in FY2025, while current liabilities increased more slowly to $11.5 billion, leaving working capital at $17.4 billion. Cash and short-term investments were $10.3 billion in FY2025, providing meaningful near-term liquidity, though TTM receivables expanded sharply to $31.0 billion, which warrants monitoring. Total assets increased to $82.8 billion versus total liabilities of $28.6 billion, and shareholders’ equity strengthened to $54.2 billion. Debt remains manageable relative to assets and equity, with total debt at $15.3 billion in FY2025. Overall, the balance sheet shows strong liquidity, conservative leverage, and a growing equity base, despite some working-capital intensity.

Financials are in millions USD unless otherwise specified

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

Data as of May 31, 2026

Cash Flow Statement

Operations · Investing · Financing

Section Score

7/10

Cash generation improved sharply, with operating cash flow rising from $1.6 billion in FY2023 to $8.5 billion in FY2024 and $17.5 billion in FY2025, while TTM CFO reached $51.4 billion, well above the latest fiscal year. However, the path has been volatile, and working capital swings remain meaningful, with negative changes in FY2022 through FY2024 and a much larger TTM drag. Capex is heavy at $15.9 billion in FY2025 and $25.3 billion TTM, keeping free cash flow thin in FY2025 at $1.7 billion despite stronger operating cash flow. Dividends are modest, debt repayment is active, and buybacks have been limited, suggesting generally disciplined but highly cyclical capital use.

Financials are in millions USD unless otherwise specified

Metric	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May 31, 2026	Aug 31, 2025	Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021
Operating Cash Flow	51,432	17,525	8,507	1,559	15,181	—
Operating Cash Flow Growth	193.48%	106.01%	445.67%	-89.73%	—	—
Free Cash Flow	26,172	1,668	121	-6,117	3,114	—
Free Cash Flow Growth	1,469.06%	1,278.51%	101.98%	-296.44%	—	—

Data as of May 31, 2026

Key Ratios

Liquidity · Leverage · Efficiency · Returns

Section Score

7.5/10

Micron shows strong liquidity, with current, quick, and cash ratios all far above 1.0 throughout the period, indicating ample short-term coverage despite some decline from peak levels. Leverage remains modest and has eased further, as debt-to-equity and long-term debt-to-equity trend down to very low TTM readings, suggesting a manageable balance sheet. Efficiency is mixed but improving: asset turnover recovered from the FY2023 trough and is stronger in the latest period, pointing to better asset use. Profitability has rebounded sharply from the FY2023 downturn, with gross, operating, and net margins all back in healthy territory and ROE/ROA improving materially, though results remain cyclical and somewhat volatile.

Ratios are dimensionless unless otherwise noted

Metric	Current	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	—	Aug 28, 2025	Aug 31, 2024	Aug 31, 2023	Sep 1, 2022
Current Ratio	251.799	251.799	263.538	445.834	288.911
Quick Ratio	178.855	178.855	167.571	269.822	200.531
Profit Margin	22.84%	22.84%	3.10%	-37.54%	28.24%
After Tax ROE	15.765	15.765	1.724	-13.221	17.406
Return on Assets	37.63%	10.31%	1.12%	-9.08%	13.11%
Debt to Equity	0.06	0.28	0.31	0.32	0.15
P/E Ratio	20	21.44	—	—	6.45
Forward P/E	5.74	9.07	11.17	588.24	6.64

Data as of Aug 28, 2025

Growth

Revenue · EPS · Valuation · Estimates

Section Score

8.5/10

Micron’s recent history shows a sharp cyclical swing: revenue fell from 30.76B USD to 15.54B USD, then recovered to 25.11B USD and 37.38B USD. Analyst estimates point to a much steeper step-up, with revenue accelerating to 129.76B USD and then 240.11B USD, suggesting a powerful expansion phase rather than gradual compounding. EPS has been highly volatile, moving from a loss to 0.7 USD, then to 7.59 USD, before forecast gains surge to 73.43364 USD and 155.56306 USD, implying margins are expected to improve faster than sales. Sentiment is firmly constructive: Strong Buy with 43 analysts, a wide but elevated target range, and a trend that has shifted toward more Buy and fewer Sell ratings over recent months.

Analyst Price Targets

Low$361-59.56%

Median$1,550+73.64%

Average$1,507.79+68.91%

High$2,200+146.45%

Strong BuyConsensus rating based on analyst coverage

43 analysts

Recommendation Trends

Rating	Aug '26	Jul '26	Jun '26	May '26
Strong Buy	9	9	9	9
Buy	32	31	31	30
Hold	5	5	4	4
Sell	0	0	0	1
Strong Sell	0	0	1	0
Total	46	45	45	44

Forecast · Analyst Estimates

Revenue This Year129.76B

+247.15%from 37.38B

FY 2026

Revenue Next Year240.11B

+85.04%from 129.76B

FY 2027

EPS This Year· non-GAAP adj.73.43

+785.81%

FY 2026

EPS Next Year· non-GAAP adj.155.56

+111.84%

FY 2027

Historical · Reported Actuals

Metric	FY 2025	FY 2024	FY 2023	FY 2022
Revenue	37.38B	25.11B	15.54B	30.76B
Revenue Growth	+48.85%	+61.59%	-49.48%	—
EPS (GAAP diluted)	7.59	0.70	-5.34	7.75
EPS Growth	+984.29%	+113.11%	-168.90%	—

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

Data as of Aug 31, 2025 · Forecast EPS is analyst non-GAAP adjusted; historical EPS is GAAP diluted — not directly comparable.

Fair Value Estimation

DCF · -65.3% Margin of Safety · Overvalued

AI Fair Value Estimate (DCF)

$309.48vs$892.67

Margin of Safety-65.3%

Overvalued — Priced above estimated fair value

A discounted cash flow framework fits Micron because the business is highly cash-generative once the operating ramp is underway, and its economics can be modeled through revenue growth, margin expansion, and capital intensity over a multi-year cycle. The projected cash-flow path suggests a strong margin trajectory, but also highlights the need for disciplined capex and a gradual fade in growth as the model approaches maturity.

AI Valuation Verdict

A 10-year discounted cash flow is an appropriate lens for Micron because the company’s value is driven by long-run cash generation, margin normalization, and the pace at which heavy investment converts into free cash flow. Using a 10.6% discount rate and 4% terminal growth, the model embeds strong top-line expansion, high EBITDA margins, and significant capital intensity, while also assuming that margin durability and growth fade remain intact over time. The resulting fair value is $309.48 per share versus a current price of $892.67, implying a -65.33% margin of safety and an overvalued verdict. A more supportive outcome would require lower discount rates, stronger terminal growth, or more durable cash margins; the reverse would pressure value further.

DCF Assumptions

WACC

10.6%

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	2,161
Yr 2	53,837	31,360	5,356	4,379
Yr 3	64,649	40,195	9,637	7,123
Yr 4	73,005	49,135	14,600	9,757
Yr 5	83,699	58,687	19,125	11,556
Yr 6	94,530	67,382	22,730	12,418
Yr 7	104,955	76,127	26,732	13,205
Yr 8	114,726	84,613	31,274	13,968
Yr 9	124,600	93,347	35,611	14,381
Yr 10	133,322	101,525	40,226	14,688
Terminal Value (PV)				231,444

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Last Updated

Aug 5, 2026

Short Term

Medium Term

Long Term

Price Outlook

$892.67Price at Analysis

The most probable next move is a modest rebound attempt toward $901.31, with $907.27 as the next resistance band if buyers can defend the $867.75 area. A failure there would leave $857.38 and then $840.6 as the key downside risk levels, making the short-term path of least resistance only mildly higher unless momentum improves.

Technical Overview

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

Bearish

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 TrendBearish (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

Neutral

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

Bullish

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.

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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.
Is MU stock overvalued or undervalued?: MoatScan AI answers this by estimating MU's intrinsic value with a discounted cash flow (DCF) model, then comparing that estimate to the current market price. A share price meaningfully below the estimate is flagged undervalued; meaningfully above it, overvalued. The estimate updates with each new financial analysis.Sign in free to see the fair value estimate, the implied upside or downside, and the verdict.
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.

MU$892.67

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Frequently asked questions about Micron Technology Inc.

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