MU
MICRON TECHNOLOGY INCEvidence as of 2026-08-28The desk's Snapshot
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Overview · MICRON TECHNOLOGY INC
Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprises DRAM products, which are dynamic random access memory semiconductor devices with low latency that provide…
Management team
- Mr. Sanjay Mehrotra · CEO, President & ChairmanFind on LinkedIn
- Mr. Satya Kumar · Corporate VP of Investor Relations & TreasurerFind on LinkedIn
- Mr. Sumit Sadana · Executive VP & Chief Business OfficerFind on LinkedIn
- Dr. Scott J. DeBoer Ph.D. · Executive VP and Chief Technology & Products OfficerFind on LinkedIn
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Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it — not a rating or a recommendation.
−0.3 on a −2 to +2 scale — was −0.1 before the debate changed the read.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled — the rest of the page is the evidence behind it.
The evidence balance is Mixed ( -0.3 of a possible +2; confidence high). Reported revenue was $41,456,000,000 in Q3 2026 (fiscal quarter ended 2026-06-17), $13,643,000,000 in Q1 2026 (fiscal quarter ended 2025-12-10), and $8,053,000,000 in Q2 2026 (fiscal quarter ended 2026-03-11). Operating income and net income show the same uneven pattern across those periods: operating income was $33,318,000,000 in Q3 2026, $2,174,000,000 in Q1 2026, and $1,773,000,000 in Q2 2026; net income was $28,243,000,000 in Q3 2026, $1,870,000,000 in Q1 2026, and $1,583,000,000 in Q2 2026.
Market signals and capital structure evidence survived the desk review as well: short- and medium-term realized volatility are elevated (vol_30d_annualized +93.0%, vol_90d_annualized +103.1%), beta to SPY is 3.38, three‑year maximum drawdown is -57.6%, diluted EPS reports include $24.67 in Q3 2026, and common shares outstanding rose modestly to 1,129,393,151 as of 2026-06-17. Cash and long‑term debt point estimates are present but inconsistent across dates, with a materially higher cash point of $24,995,000,000 reported at 2026-05-28 among other earlier lower snapshots.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else — no outside knowledge, no browsing — so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC — revenue, margins, income, debt and share count, quarter by quarter — and reports which way the trend is running.
Revenue was $13,643,000,000 for the fiscal quarter Q1 2026 (2024-08-30 to 2024-11-27, 3mo), $8,053,000,000 for the fiscal quarter Q2 2026 (2024-11-29 to 2025-02-27, 3mo), and $41,456,000,000 for the fiscal quarter Q3 2026 (2026-02-27 to 2026-05-28, 3mo).
XBRL companyfacts · 0000723125-25-000046Gross profit was $7,646,000,000 in fiscal Q1 2026 (2024-08-30 to 2024-11-27, 3mo), $2,963,000,000 in fiscal Q2 2026 (2024-11-29 to 2025-02-27, 3mo), and $35,056,000,000 in fiscal Q3 2026 (2026-02-27 to 2026-05-28, 3mo).
XBRL companyfacts · 0000723125-25-000046Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full — its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet — its risk analysis fills in once that lands.
The 10-K filed 3 October 2025 states that a majority of the company’s DRAM production output in 2025 was from fabrication facilities in Taiwan and that political, economic, or other actions in Taiwan could have a material adverse effect on the company.
10-K filed 2025-10-03The 10-K filed 3 October 2025 added or expanded risk language about the company’s dependence on availability and quality of materials, supplies, electrical power, gas, water, and capital equipment (including single- or sole-source suppliers) and states that power shortages, capacity constraints, prolonged outages, or significant increases in the cost of power could have a material adverse effect on the company.
10-K filed 2025-10-03Reads the signal panel above — momentum, volatility, drawdown, relative strength and beta — and ranks each against the whole research universe rather than judging it in isolation.
The 12-1 momentum measure is +565.3% and ranks at the 100th percentile of the 547-stock research universe on 2026-08-27.
Moneyta signal set · 2026-08-27dropped in debateThe 6-month momentum is +125.2% and ranks at the 98th percentile of the 547-stock research universe on 2026-08-27.
Moneyta signal set · 2026-08-27dropped in debateReads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
As of 2026-03-31 institutional holders reported total MU positions of $332.51B across 2,987 holders; reported aggregate position value rose 19.1% quarter-over-quarter and holder count increased by 300 versus the prior quarter.
13F holdings · 2987 filers · as of 2026-03-31Top reported institutional holders in the 2026-03-31 13F period included BlackRock, Inc. at $34.92B, VANGUARD CAPITAL MANAGEMENT LLC at $24.71B, and STATE STREET CORP at $17.66B.
13F holdings · 2987 filers · as of 2026-03-31Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
A headline reports Micron elevated Manish Bhatia to President and COO, Scott DeBoer to President and Chief Technology and Products Officer, launched a US$250 million Micron Ventures Paradigm Fund, and unveiled a US$10.00 billion initiative.
News · finance.yahoo.com · 2026-08-27A headline says Micron is doubling capital expenditures while citing increased demand for higher-capacity, higher-bandwidth memory tied to artificial-intelligence workloads.
News · finance.yahoo.com · 2026-08-27Reads parsed Forms 3/4/5 — who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
Sanjay Mehrotra (President and CEO) executed multiple open-market sales on 21 August 2026 totaling the transactions listed on the filing.
Form 4 · MEHROTRA SANJAY (President and CEO) · $138k sold · 2026-08-21The filing states the sales on 21 August 2026 were made pursuant to a 10b5-1 trading plan (as stated on the filing).
Form 4 · MEHROTRA SANJAY (President and CEO) · $138k sold · 2026-08-21Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The reported share price used was 935.39 on price date 2026-08-27.
Valuation inputs · SEC XBRL + stored EOD closeTrailing twelve months price-to-earnings (P/E TTM) is 21.74.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score — the argument is shown, not hidden, so you can judge the reasoning yourself.
The evidence set shows multiple strong, company-specific fundamental beats across recent quarters (revenue, gross profit, operating income, and net income each reported materially higher figures in Q3 2026 versus prior quarters), sizable reported cash on the balance sheet, and elevated institutional interest and ETF inclusion—these items jointly support a favorable read grounded in realized results and measurable market positioning. Market momentum metrics (12‑month and 6‑month) and a price materially above the 200‑day SMA provide additional, high‑signal technical context that complements the fundamental outperformance. The strength of these items is highest for the reported Q3 financials and institutional holdings (direct filings and 13F snapshots); momentum and moving‑average signals are derived from the provided market signal dataset and rank highly within the research universe. Counterpoints in filings about geographic concentration, supply chain and execution risks, AI demand uncertainty, and elevated volatility are present in the record but are sourced as standard risk disclosures and market signal metrics rather than contradicting the company’s reported quarterly performance. Overall, the most robust evidence here is the audited/filing‑sourced quarterly financials and the institutional ownership snapshots, while risk disclosures and realized volatility are documented but serve as qualifiers rather than negations of the reported results.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.39
35 surviving claims rest on 14 distinct sources; the heaviest analyst carries 23% of them, and 91% of what the desk raised survived the debate.
The evidence set rests on a moderate number of independent sources but a sizable fraction of surviving claims are concentrated in a few analysts, so individual analyst judgments carry outsized influence on the read. The high survival rate from internal debate suggests few challenges removed claims, which strengthens internal consistency but also raises the risk of confirmation bias if dissenting views were underweighted.
Peer context · computed, not argued
90-day volatility ranks 4th of 15 in Semiconductors (as of 2026-08-27).
dividend yield ranks 6th of 15 in Semiconductors (as of 2026-08-27).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment — when the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here — no outside knowledge, no browsing — and each card shows who read it and what it contributed to the score.
16 filings· 2 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data — not retyped or estimated.
Read by Mercer+1.5 to the score
10 documents· 3 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes−1.0 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash−1.3 to the score
3 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.8 to the score
4 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 filing
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state — stated and inferred flags kept apart.
Read by Talbot+0.0 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only — it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal — the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
The full terminal on MU Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
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Educational analysis of published data. Moneyta does not give investment advice or make recommendations.