TacticScaleWhat Micron Technology Does & How It Makes Money (MU)
Updated October 2026 · reflects Micron Technology's latest reported financials
US maker of computer memory chips and data storage products. Micron earns revenue by manufacturing and selling DRAM, NAND and other memory and storage chips, modules and drives.
How Micron Technology makes money
Micron earns revenue by manufacturing and selling DRAM, NAND and other memory and storage chips, modules and drives. It sells them to device makers and data center customers through its direct sales force, distributors, retailers and online channels, and sells to consumers under the Crucial brand.
What Micron Technology does
Micron Technology is one of the main makers of the memory and storage chips inside modern electronics. Its core products are DRAM (working memory, including LPDDR for mobile devices, graphics memory and high-bandwidth memory for data centers) and NAND flash (used for long-term storage such as SSDs and memory cards). It also makes NOR flash, managed NAND and multichip packages, and provides design tools and software to help customers use its parts. Founded in 1978 and headquartered in Boise, Idaho, Micron has four segments: Cloud Memory, Core Data Center, Mobile and Client, and Automotive and Embedded. Its customers span data centers, PCs, smartphones, networking, automotive and industrial markets worldwide. It sells under the Micron brand to businesses and under the Crucial brand to consumers.
Products & services
- DRAM and LPDDR memory
- High-bandwidth memory (HBM)
- Data center and client SSDs
- NAND and NOR flash
- Crucial-brand memory and storage
- Managed NAND and multichip packages
What is Micron Technology worth?
On an owner-earnings DCF, Micron Technology's most-likely value is about $723 versus a recent price near $1,029 (30% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$308) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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