MU
Micron Technology Inc Information Technology Semiconductors & Related Devices S&P 500Nasdaq-100Russell 3000
$884.74Close
$1.0TMarket cap
$201.17 – $1,213.3752-week range
Dec 16, 2026Next report
Highlights
Strengths
- Leading the market RS 98 · stronger than 98% of stocks over 12 months
- Earnings growing EPS +1062% year on year
Cautions
- Trend not confirmed 6 of 8 conditions · under the 50-day, over 25% off the high
- Far from its high 27% below its 52-week high
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
27%
1wk
up 0.8%
price change
1mo
down 16.9%
price change
12-month return
up 295%
market up 11% ·
its own up 280%
F-score
8 / 9
Exceptional
Altman Z
14.12
Low risk
P/E
11.8×
price / earnings
PEG
0.01
P/E / EPS growth
P/B
7.2×
price / book
Earnings yield
up 10.3%
EBIT / enterprise value
Cheaper than
63%
of the market · cheap
Revenue growth
up 256%
year on year
EPS growth
up 1062%
latest quarter · -310 pts
Sales growth
up 379%
latest quarter · +34 pts
ROE
up 88%
return on equity
Free cash margin
up 44%
$59.0B FCF
D/E
0.02
long-term debt / equity
Net debt / EBITDA
-0.3×
net cash
Interest cover
—EBIT / interest
Piotroski tests
- issued more shares
- profitable on its assets
- generating cash from operations
- profitability improving
- profits backed by cash
- reduced long-term debt
- short-term liquidity improved
- gross margin widened
- assets working harder
Repair signals
- Long-term debt down 76% ($11.5B → $2.8B)
- Gross margin 39.8% → 80.7%
Trade setup
ATR%
5.6%
$49.58 a day · 2×ATR $785.59
RS
98 / 99
vs the universe
Trend
6 / 8
under the 50-day, over 25% off the high
Relative volume
1.2×
vs 50-day average
Up/down volume
1.04
50 sessions
Implied move
16.3%
by Dec 18, 2026 · report Dec 16, 2026
Trend template · 6 of 8
- Price above the 50-day average: fails
- Within 25% of the 52-week high: fails
Screen verdict
Did not qualify for any screen.
Warning signs
- No restatement or impairment
- Equity positive
- Interest covered
- No material dilution
- Profits tracking cash
- Margins and revenue not shrinking
Last reported
Sep 30, 2026
Results reaction
Sep 30, 2026+3% vs market2 sessions after results
Options
$1.7B55.9% IV · activity
Financials
- Gross 81%
- Net 64%
- Free cash 44%
- Cash
- Long-term debt
| FY2021Sep 2, 2021 | FY2022Sep 1, 2022 | FY2023Aug 31, 2023 | FY2024Aug 29, 2024 | FY2025Aug 28, 2025 | FY2026Sep 3, 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $27.7B | $30.8B | $15.5B | $25.1B | $37.4B | $133.2B |
| Gross margin | 38% | 45% | -9% | 22% | 40% | 81% |
| Operating income | $6.3B | $9.7B | -$5.7B | $1.3B | $9.8B | $99.3B |
| Net income | $5.9B | $8.7B | -$5.8B | $778.0M | $8.5B | $85.0B |
| Net margin | 21% | 28% | -38% | 3% | 23% | 64% |
| Earnings per share | $5.14 | $7.74 | -$5.34 | $0.70 | $7.59 | $74.34 |
| Free cash flow | $2.4B | $3.1B | -$6.1B | $121.0M | $1.7B | $59.0B |
| Free cash margin | 9% | 10% | -39% | 0% | 4% | 44% |
| Cash | $7.8B | $8.3B | $8.6B | $7.0B | $9.6B | $38.4B |
| Long-term debt | $6.0B | $6.0B | $12.0B | $11.3B | $11.5B | $2.8B |
| Shareholders' equity | $43.9B | $49.9B | $44.1B | $45.1B | $54.2B | $138.4B |
| Shares outstanding | 1.12bn | 1.09bn | 1.10bn | 1.11bn | 1.12bn | 1.13bn |
Next report
Dec 16, 2026
Expected move The move, either way, the option market prices in through the next scheduled report: the at-the-money straddle for the first expiry that contains it, over the price. It includes the days around the report, so it slightly overstates the report alone. Methodology
±16.3%
$744 – $1,034 by Dec 18, 2026
Usual move The median, over the company's last four reports, of how far the stock moved either way from the close before the filing to the close of the session after it. Methodology
±5.3%
last 4: +3.0% · +15.4% · -3.8% · +6.9%
Expected against usual The move the options price through this report over the move the last four reports delivered. Above 1 the event is priced bigger than the company's own record; below 1, smaller. A price, not a forecast: it says what protection through the report costs, not which way the stock will go. Methodology
Bigger than usual
3.1× the usual move
What options price now
- Expected 1-month range The at-the-money straddle for the expiry nearest a month out, as a share of the price: the move, either way, the option market is pricing by then. The range is the price plus and minus that move; the stock ends inside it a little more often than not. Methodology
- $780 – $999 ±12.3% by Nov 27, 2026
- Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
- About the same 55.9% priced · 60.3% recent
- Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
- About the same
- Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
- past week: costs more
Positioning
- Premium traded
- $1.7B calls $860.5M · puts $829.2M · latest session
- 0.96× +0.40 over the week
- Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
- calls -137.28k · puts -156.53k past week
For options traders: ATM IV 55.9% (+2.1% 1w) · 1m ÷ 3m IV 1.02 · 25Δ skew 5.1 pts · Net GEX -$5.3M
Most traded contracts 20
| Contract | Crosses the report The contract expires after the next scheduled report, so its price carries the report's move - and the extra implied volatility that usually comes out once the report is out. Methodology | Next day: opened, closed or mixed A large option trade on its own is ambiguous: it may have opened a position, closed one, or been one leg of a spread. Open interest is published overnight, so the next morning settles it. Opened: open interest rose by a good share of the volume traded, so positions were added. Closed: it fell, so positions were taken off. Mixed: it barely moved, as when one side opens while the other closes. A dash: the next morning's count is not in yet. None of the three says whether the contracts were bought or sold. Methodology | Volume against open interest The day's contracts traded, divided by the positions already standing. Above 1 the day's trading exceeded every position in existence, which cannot happen without something new — though only tomorrow's open interest proves it opened rather than closed. Methodology | Bid-ask spread The gap between the bid and the ask as a share of the midpoint: what a round trip costs before the position has moved at all. Methodology | Priced vs rest of chain The contract's implied volatility less the at-the-money reading for the same company, in points: how this strike is priced against the rest of the chain. Methodology | Move to break even How far the stock must move by expiry for a buyer at the midpoint to get the premium back: strike plus premium for a call, strike less premium for a put. Methodology | Premium |
|---|---|---|---|---|---|---|---|
| Nov 27, 2026 · $900 put +1% from price | — | 0.19 | 1.6% | -0.7% | -5.6% | $3.6M | |
| Dec 18, 2026 · $1,020 call +15% from price | ✓ | — | 2.60 | 2.0% | -2.2% | +17.7% | $10.8M |
| Dec 18, 2026 · $1,000 call +12% from price | ✓ | — | 0.36 | 1.7% | -2.1% | +16.0% | $8.1M |
| Dec 18, 2026 · $900 call +1% from price | ✓ | — | 0.24 | 1.1% | -0.3% | +8.8% | $8.0M |
| Dec 18, 2026 · $900 put +1% from price | ✓ | — | 0.16 | 0.8% | -0.5% | -7.5% | $6.5M |
| Dec 18, 2026 · $850 put -4% from price | ✓ | — | 0.24 | 0.9% | +0.6% | -10.4% | $5.2M |
| Dec 18, 2026 · $950 call +7% from price | ✓ | — | 0.37 | 1.5% | -1.3% | +12.1% | $4.1M |
| Dec 18, 2026 · $1,200 call +35% from price | ✓ | — | 0.47 | 3.1% | -0.4% | +35.7% | $3.5M |
| Dec 18, 2026 · $830 put -7% from price | ✓ | — | 0.64 | 1.3% | +1.1% | -11.8% | $3.5M |
| Dec 18, 2026 · $840 put -6% from price | ✓ | — | 0.35 | 1.1% | +0.8% | -11.1% | $3.5M |
| Dec 18, 2026 · $910 call +2% from price | ✓ | — | 0.24 | 1.3% | -0.5% | +9.4% | $3.5M |
| Dec 18, 2026 · $800 put -10% from price | ✓ | — | 0.14 | 1.1% | +1.9% | -14.0% | $3.3M |
| Jan 15, 2027 · $900 call +1% from price | ✓ | — | 0.09 | 1.1% | -0.1% | +11.0% | $16.3M |
| Jan 15, 2027 · $1,000 call +12% from price | ✓ | — | 0.26 | 0.7% | -1.6% | +18.1% | $12.9M |
| Jan 15, 2027 · $920 call +3% from price | ✓ | — | 0.55 | 1.4% | -0.6% | +12.3% | $10.9M |
| Jan 15, 2027 · $1,000 put +12% from price | ✓ | — | 0.08 | 5.0% | -1.9% | -5.1% | $8.1M |
| Jan 15, 2027 · $950 call +7% from price | ✓ | — | 0.14 | 1.4% | -0.9% | +14.3% | $6.3M |
| Jan 15, 2027 · $900 put +1% from price | ✓ | — | 0.11 | 1.6% | -0.3% | -9.4% | $5.6M |
| Jan 15, 2027 · $800 put -10% from price | ✓ | — | 0.09 | 2.1% | +1.5% | -15.6% | $3.4M |
| Jan 15, 2027 · $650 put -27% from price | ✓ | — | 0.63 | 3.8% | +6.6% | -28.5% | $3.3M |
Liquid contracts, 3 weeks to 4 months out, soonest expiry first.
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Oct 9, 2026 | Annual ↗ | Sep 3, 2026 | 36d |
| Jun 25, 2026 | Quarterly ↗ | May 28, 2026 | 28d |
| Mar 19, 2026 | Quarterly ↗ | Feb 26, 2026 | 21d |
| Dec 18, 2025 | Quarterly ↗ | Nov 27, 2025 | 21d |
| Oct 3, 2025 | Annual ↗ | Aug 28, 2025 | 36d |
| Jun 26, 2025 | Quarterly ↗ | May 29, 2025 | 28d |
| Mar 21, 2025 | Quarterly ↗ | Feb 27, 2025 | 22d |
| Dec 19, 2024 | Quarterly ↗ | Nov 28, 2024 | 21d |
| Oct 4, 2024 | Annual ↗ | Aug 29, 2024 | 36d |
| Jun 27, 2024 | Quarterly ↗ | May 30, 2024 | 28d |
| Mar 21, 2024 | Quarterly ↗ | Feb 29, 2024 | 21d |
| Dec 21, 2023 | Quarterly ↗ | Nov 30, 2023 | 21d |
Current reports
| Filed | Disclosed |
|---|---|
| Sep 30, 2026 | Results ↗ |
| Aug 26, 2026 | Director or officer change ↗ |
| Jun 24, 2026 | Results ↗ |
| Jun 9, 2026 | Director or officer change ↗ |
| Apr 1, 2026 | Other events ↗ |
| Mar 25, 2026 | Other events ↗ |
| Mar 18, 2026 | Results ↗ |
| Jan 21, 2026 | Charter or bylaws · Shareholder vote ↗ |
| Dec 17, 2025 | Results ↗ |
| Oct 21, 2025 | Director or officer change ↗ |
| Sep 23, 2025 | Results ↗ |
| Aug 11, 2025 | Regulation FD ↗ |