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Micron Technology MU Price / earnings

Price / earnings at other companies

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Broadcom Inc.AVGO
72.2×-13.6×
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Western DigitalWDC
22.6×+14.1×
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Seagate Technology Holdings PLCSTX
36.9×+24.9×
Applied Materials logo
Applied MaterialsAMAT
36.8×+18.7×
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Monolithic Power SystemsMPWR
79×+62.0×
Advanced Micro Devices logo
Advanced Micro DevicesAMD
66.2×-8.4×

Other financials

Income statement

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Revenue$23.9B+196%
Gross profit$17.8B+499%
Operating income$16.1B+810%
Net income$13.8B+771%
EPS (diluted)$12.07+756%

Balance sheet

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Cash & equivalents$13.9B+84.2%
Total debt$13.6B-23.8%
Total equity$72.5B+49.0%
Total assets$101.51B+39.0%

Cash flow

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Operating cash flow$11.9B+202%
CapEx$6.4B+57.5%
Free cash flow$5.5B+4,981%

Valuation

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Market cap$1.18T+292%
Enterprise value$1.18T+254%
P/S20.2×+10.7×

Profitability

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Gross margin58.4%+23.7pp
Operating margin48.3%+28.6pp
Net margin41.5%+26.6pp

Returns & leverage

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Return on equity39.8%+29.7pp
Debt / equity0.2×-0.2×
Current ratio2.9×-0.2×

Where this comes from

Calculated from Micron Technology’s reported figures.

Based on the most recent quarter.

The official record: Micron Technology’s 10-Q, filed March 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Micron Technology's price / earnings?
Micron Technology (MU) reported price / earnings of 15.8× in Q1 2026.
How has Micron Technology's price / earnings changed year-over-year?
Micron Technology's price / earnings decreased by 24.0% year-over-year, from 20.8× to 15.8×.
What is the long-term trend for Micron Technology's price / earnings?
Over 2 years (2021 to 2025), Micron Technology's price / earnings has grown at a -3.1% compound annual growth rate (CAGR), from 95.6× to 89.9×.
What does price / earnings mean?
How many dollars investors pay for each dollar of the company's annual profit.
How do you interpret price / earnings?
Lower can mean cheaper — or that the market expects earnings to fall. High multiples embed growth expectations. Meaningless when earnings are negative, so it is suppressed there.
How does price / earnings compare across companies?
Compare against the company's own history and sector peers, not across sectors with different growth and risk profiles.