Micron Technology, Inc. (MU)

Sector: Technology|Industry: Semiconductors|Market Cap: $113.65B|Employees: 48K


Micron Technology, Inc. is a leading provider of memory and storage solutions, primarily focusing on DRAM, NAND, and NOR technologies. The company's main revenue streams come from sales to the data center, mobile, embedded, and PC markets, leveraging its technological leadership and manufacturing excellence. Micron's competitive advantages include its global manufacturing network and proprietary technology, enabling it to serve a diverse customer base across various sectors.

  1. Filings

Filing Highlights

Financial Performance

Micron reported total revenue of $37,378 million in fiscal 2025, a 49% increase from $25,111 million in 2024. Net income saw a substantial turnaround, reaching $8,539 million in 2025 compared to $778 million in 2024 and a net loss of $(5,833) million in 2023, driven by strong DRAM and NAND sales.

The consolidated gross margin percentage improved significantly to 40% in 2025, up from 22% in 2024 and a negative 9% in 2023. This recovery was primarily due to increases in average selling prices, a higher mix of profitable products like HBM, and manufacturing cost reductions across both DRAM and NAND segments.

Net cash provided by operating activities more than doubled to $17,525 million in 2025, a significant increase from $8,507 million in 2024 and $1,559 million in 2023. This surge in cash flow was primarily attributable to higher net income, favorable changes in receivables and payables, and a decrease in inventory.

Growth & Strategy

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Operational Efficiency

Innovation & Technology

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Market Environment