MU · Investment view

HBM Memory · DDR5 Memory · Enterprise SSD

2026-10-30 · Historical close · USD 884.74

Verified across 8 consecutive filing periods: tracking revenue momentum, margin resilience, and cash conversion.

Micron Technology, Inc. (MU) | FY2026-Q3 Deep Research Report · Micron Technology, Inc. reported historic FY2026-Q3 results with revenue of $41.46B (+345.7% YoY) and GAAP gross margin of 84.6%. Forensic accounting penetration reveals that >90% of revenue growth was driven by extreme pricing leverage (DRAM ASP +60% QoQ) rather than bit shipment volume. Trading at a peak 11.5x P/B while management guided FY2027 CapEx to >$40.0B, Micron stands at the fragile apex of a commodity supercycle with asymmetric downside risks.