MICRON TECHNOLOGY NASDAQ: MU
Background of Micron Technology
- Micron Technology Inc is an American producer of computer memory and computer data storage products.
- Micron Technology Inc is headquartered in Boise, Idaho.
- Micron Technology Inc oversees a high value product portfolio which include memory chips that serve the data storage market and DRAM memory chips that are used in data centres, smartphones, and other computing devices.
- Micron Technology Inc has a rich history that dates to 1978 when it was founded as a semiconductor design consulting company in Boise, Idaho, by Ward Parkinson, Joe Parkinson, Dennis Wilson, and Doug Pitman.
- In 1981, Micron Technology Inc moved from consulting to manufacturing with the completion of its first wafer fabrication producing 64K DRAM chips.
- In 1984, Micron Technology Inc went public.
- In 1996 a 3-way merger among ZEOS International, Micron Computer, and Micron Custom Manufacturing Services (MCMS) increased the size and scope of the company, followed soon with the 1997 acquisition of NetFrame Systems, in a bid to enter the mid-range server industry.
- In 2000, the development of atomic layer deposition high-k films for DRAM memory devices helped drive cost-effective implementation of semiconductor memory, starting with 90 nm node DRAM.
- Pitch double-patterning pioneered at Micron Technology Inc during the 2000s, led to the development of 30-nm class NAND flash memory, and has since been widely adopted by NAND flash and RAM memory manufacturers worldwide.
- In 2006, Micron Technology Inc acquired Lexar, an American manufacturer of digital media products.
- In 2008, Micron Technology Inc spun off Aptina Imaging, with more layoffs and acquisitions continuing into 2009 with the termination of thousands of employees and the acquisition of the FLCOS microdisplay company Displaytech.
- Micron Technology Inc bought flash-chip maker Numonyx in 2010.
- Between 2012 and 2014, Micron Technology Inc became a major supplier to Apple Inc. for the iPhone and iPad through the Elpida acquisition.
- In 2016, Micron Technology Inc made Inotera a 100% subsidiary.
- In 2017, Micron Technology Inc announced the discontinuation of the Lexar retail removable media storage business and sold the brand to Longsys.
- In 2018, Micron Technology Inc ranked 150th on the Fortune 500 list of largest United States corporations by revenue.
- In 2019, Micron Technology Inc announced the first microSD card with a storage capacity of 1 terabyte and in 2025, introduced the world’s fastest discrete graphics memory solution.
- Today, Micron Technology Inc is truly one of the most valuable technology companies in the world with a market capitalization of US$ 86.57 billion recorded in July 2025.
- In 2025 the total staff compliment for Micron Technology Inc was more than 40 000.
- Micron Technology Inc’s executive leadership team consists of: Robert E. Switz – Independent Chairman of the Board; Sanjay Mehrotra – President, Chief Executive Officer, Director; David A. Zinsner – Chief Financial Officer, Senior Vice President; Manish H. Bhatia – Executive Vice President, Global Operations; and Scott J. DeBoer – Executive Vice President Technology Development.
Micron Technology Shares Growth Driver
- Micron Technology Inc expects fiscal third-quarter revenue above Wall Street estimates due to a rise in demand for memory chips thanks to 5G smartphones and artificial intelligence software that currently pushes memory chip prices upward.
- Being the company that provides NAND memory chips that serve the data storage market as well as DRAM chips that are widely used in laptops and other computing devices, Micron Technology Inc benefited from the coronavirus pandemic as a global shift to remote work boosted chip demand.
- Furthermore, a global chip shortage has incited buyers to snap up supplies, sending memory chip prices upward.
- Micron Technology Inc expects current-quarter revenue to be $7.1 billion, plus or minus $200 million, while analysts on average were expecting $6.79 billion and current-quarter revenue of $8.2 billion, plus or minus $200 million, while analysts on average were expecting $7.87 billion.
- Micron Technology Inc expects industry-wide supplies of both kinds of chips to remain tight until the end of next year, keeping prices high.
- Micron Technology Inc foresees that its capital expenditures for fiscal 2025 would rise above $9.5 billion, partly driven by pre-payments as it starts to acquire extreme ultraviolet lithography (EUV) machines from Dutch maker ASML Holding NV (ASML.AS).
- Micron Technology Inc continues to post massive revenue, profit, and free cash flow growth and its stock has often peaked during past chip shortages.
- Micron Technology Inc has stood out as one of the few producers of memory chips although it competes with multiple companies.
- As such, the company’s innovative and competitive portfolio has allowed it to defy the market trends surrounding the coronavirus pandemic, with performance and shares still attractive after a tumultuous 2025.
Micron Technology Investor Tip
- Micron Technology Inc trades its shares on the NASDAQ Stock Market (NASDAQ) under the stock symbol MU. Micron Technology Inc forms part of both the NASDAQ-100 and S&P 500 components.
- An analysis on Micron Technology Inc’s market performance and income statement indicates Revenue (ttm) of 25.49 billion, Revenue Per Share (ttm) 22.82, Quarterly Revenue Growth (yoy) 36.50%, Gross Profit (ttm) 6.55 billion, EBITDA 11.16 billion, Net Income Avi to Common (ttm) 4.13 billion, Diluted EPS (ttm) 3.62 and Quarterly Earnings Growth (yoy) 116.10%.
- Micron Technology Inc had beaten Wall Street estimates for quarterly profit and forecast 2025 fourth-quarter revenue above expectations, as tight supplies of memory chips and continued strong demand kept prices high.
- Micron Technology Inc has benefited from the pandemic-induced global shift toward remote work as demand for laptops and other electronic devices soared and Micron Chief Executive said the company expects industry-wide supplies of both kinds of chips to remain tight until the end of next year, keeping prices high.
- Micron Technology Inc delivered a stable performance despite the economic impact which resulted from the global coronavirus pandemic. This stable performance can be largely owed to the company’s diverse portfolio, as well as its strong medical supplies sector which witnessed growing demand as hospitals geared up to combat the virus.
- With sound financials and significant, consistent, and continuous growth forecasted for the remainder of 2025, shareholders who buy or sell shares can expect lucrative dividends and returns.
- Overall, the company’s a stable performance has resulted in healthy dividends and a good share price for investors who choose to purchase shares today, securing a decent buy-in in 2025 and in the future.
- Data from this analysis should be weighed against forecasted performance during this pandemic, but for now, prices on shares and in turn dividends remain unaffected, which provides shareholders with assurance that they will have a strong buy-in on NASDAQ.
Sector
Technology
Industry
Tech Hardware and Semiconductors
Sub industry
Semiconductors
Latest News
Micron Technology: How to buy Micron Technology Shares Online
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FAQ
Can I buy Micron Technology Inc shares in South Africa?
Yes, you can.
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By simply opening a free account with SA Shares, or by clicking the “Buy this Share” button to get started.
What is the current share price?
By clicking on the link provided above, you can view the real-time Micron Technology Inc share price on the platform.
Is Micron Technology Inc a good share to buy?
Yes, it is. Despite the growing concerns surrounding Covid-19, Micron Technology Inc is continuing manufacturing, sales and delivery of its products and it is forecasted to be one of the very few automotive companies to make a significant rebound post-Covid-19.
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