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MU Micron Technology

Micron Technology, Inc. is an American producer of computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives. It is headquartered in Boise, Idaho. Its consumer products are marketed under the brands Crucial and Ballistix. Micron and Intel together created IM Flash Technologies, which produces NAND flash memory. It owned Lexar between 2006 and 2017. Micron was founded in Boise, Idaho, in 1978 by Ward Parkinson, Joe Parkinson, Dennis Wilson, and Doug Pitman as a semiconductor design consulting company. Startup funding was provided by local Idaho businessmen Tom Nicholson, Allen Noble, Rudolph Nelson, and Ron Yanke. Later it received funding from Idaho billionaire J. R. Simplot, whose fortune was made in the potato business. In 1981, the company moved from consulting to manufacturing with the completion of its first wafer fabrication unit , producing 64K DRAM chips.

Company profile

Ticker
MU
Exchange
NASDAQ
Website
www.micron.com/
CEO
Sanjay Mehrotra
Employees
Incorporated
Delaware
Location
Idaho
Fiscal year end
Sep 02
Sector
Manufacturing > Semiconductor and Related Device Manufacturing
Industry (SIC)
Semiconductors & Related Devices
Intel • Broadcom • Texas Instruments • ST Microelectronics - New York Shares • Broadcom • Applied Materials • NXP Semiconductors • Marvell Technology • Analog Devices • Advanced Micro Devices ...
SEC CIK
0000723125
Corporate docs
IRS number
751618004

MU stock data

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News

Pro users get this 30m faster
Taiwan's Drought Poses Additional Threat To Looming Global Chip Crisis: WSJ
16 Apr 21
Taiwan Drought Could Worsen Chip Shortage
16 Apr 21
-Wall Street Journal https://www.wsj.com/articles/the-chip-shortage-is-bad-taiwans-drought-threatens-to-make-it-worse-11618565400
The QQQ Ripped To An All-Time High This Afternoon. Here's Why.
13 Apr 21
The Invesco QQQ Trust Series 1 (NASDAQ: QQQ) raced higher Tuesday to an intraday all-time high of $341.08 before finishing higher by 1.17% at $340.60.
10 Information Technology Stocks Showing Unusual Options Activity In Today's Session
13 Apr 21
Intel Offers Support For Automakers During President Biden's Chip Crisis Meeting: Report
13 Apr 21

Press releases

Pro users get this 30m faster
Thinking about trading options or stock in Tencent Music Entertainment, Ford, General Electric, Micron Technology, or CBS Corp?
1 Apr 21
NEW YORK, April 1, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for TME, F, GE, MU, and VIAC.
Micron Technology, Inc. Reports Results for the Second Quarter of Fiscal 2021
31 Mar 21
BOISE, Idaho, March 31, 2021 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU) today announced results for its second quarter of fiscal 2021, which ended March 4, 2021. Fiscal Q2 2021 highlights Revenue of
Micron Appoints Jeremy Werner as Corporate Vice President and General Manager of the Storage Business Unit
22 Mar 21
BOISE, Idaho, March 22, 2021 (GLOBE NEWSWIRE) -- Micron Technology, Inc., (NASDAQ:MU) today announced the appointment of Jeremy Werner to the role of corporate vice president and general manager of its Storage Business
Thinking about trading options or stock in Canadian Solar, Accenture, United Airlines, GameStop, or Micron Technology?
18 Mar 21
Micron Updates Data Center Portfolio Strategy to Address Growing Opportunity for Memory and Storage Hierarchy Innovation
16 Mar 21

Calendar

1 Apr 21
18 Apr 21
2 Sep 21

Financial summary

Financial statements Chart MU financial data
Quarter (USD)
 Mar 21 Dec 20 Sep 20 May 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
 Sep 20 Aug 19 Aug 18 Aug 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 6.57B 6.57B 6.57B 6.57B 6.57B 6.57B
Cash burn (monthly) (positive/no burn) 49.75M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 75.98M n/a n/a n/a n/a
Cash remaining n/a 6.5B n/a n/a n/a n/a
Runway (months of cash) n/a 130.6 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Recent insider trades

MU insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Apr 21 David Zinsner Common Stock Sell Dispose S No Yes 91.04 570 51.89K 124,924
15 Apr 21 David Zinsner Common Stock Sell Dispose S No Yes 90.08 7,480 673.8K 125,494
15 Apr 21 David Zinsner Common Stock Option exercise Aquire M No No 44.21 4,250 187.89K 132,974
15 Apr 21 David Zinsner Common Stock Option exercise Aquire M No No 44.21 3,800 168K 128,724
15 Apr 21 David Zinsner NQSO Common Stock Option exercise Dispose M No No 44.21 3,800 168K 31,785
15 Apr 21 David Zinsner NQSO Common Stock Option exercise Dispose M No No 44.21 4,250 187.89K 35,633
12 Apr 21 Joel L Poppen Common Stock Sell Dispose S No Yes 96.29 804 77.42K 252,213
12 Apr 21 Joel L Poppen Common Stock Sell Dispose S No Yes 95.53 4,180 399.32K 253,017
12 Apr 21 Joel L Poppen Common Stock Option exercise Aquire M No No 18.18 4,984 90.61K 257,197
12 Apr 21 Joel L Poppen NQSO Common Stock Option exercise Dispose M No No 18.18 4,984 90.61K 29,904
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Financial report summary

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Competition
Western Digital • Cypress Semiconductor • Mosys • Seagate Technology • ADESTO TECHNOLOGIES • Kioxia
Management Discussion
  • ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • This discussion should be read in conjunction with the consolidated financial statements and accompanying notes included in our Annual report on Form 10-K for the year ended September 3, 2020. All period references are to our fiscal periods unless otherwise indicated. Our fiscal year is the 52 or 53-week period ending on the Thursday closest to August 31. Fiscal 2021 contains 52 weeks and our fiscal 2020 contained 53 weeks. Our second quarters and first six months of 2020 and 2021 each contained 13 and 26 weeks, respectively. All tabular dollar amounts are in millions, except per share amounts.
  • Micron Technology, Inc., including its consolidated subsidiaries, is an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Good
New words: aware, belief, book, categorize, classification, cumulative, detailed, disposition, drought, edge, excellence, false, foreseeable, fuel, GAAP, geopolitical, hand, illiquid, imminently, insufficient, justify, misleading, momentum, overhead, pose, preferable, President, principle, procedural, question, reach, reclassification, rich, Similarly, spare, standard, unleash, variance, variant, voidable, WPG, write
Removed: Backed, disruptive, endurance, learning, machine, MTU, roadmap
From filing 10-Q 2021 Q2

Financial reports

View all
10-Q
2021 Q2
Quarterly report
1 Apr 21
10-Q
2021 Q1
Quarterly report
8 Jan 21
10-K
2020 FY
Annual report
19 Oct 20
10-Q
2020 Q3
Quarterly report
30 Jun 20
10-Q
2020 Q2
Quarterly report
26 Mar 20
10-Q
2020 Q1
Quarterly report
20 Dec 19
10-K
2019 FY
Annual report
17 Oct 19
10-Q
2019 Q3
Quarterly report
26 Jun 19
10-Q
2019 Q2
Quarterly report
21 Mar 19
10-Q
2019 Q1
Quarterly report
19 Dec 18

Current reports

View all
8-K
Micron Technology, Inc. Reports Results for the Second Quarter of Fiscal 2021
31 Mar 21
8-K
Micron Updates Data Center Portfolio Strategy to Address Growing Opportunity for Memory and Storage Hierarchy Innovation
16 Mar 21
8-K
Micron Updates Second Quarter Fiscal 2021 Guidance
3 Mar 21
8-K
Micron Appoints Linnie Haynesworth to Its Board of Directors
16 Feb 21
8-K
Departure of Directors or Certain Officers
15 Jan 21
8-K
Micron Technology, Inc. Reports Results for the First Quarter of Fiscal 2021
7 Jan 21
8-K
Departure of Directors or Certain Officers
1 Dec 20
8-K
Micron Updates First Quarter Fiscal 2021 Guidance
1 Dec 20
8-K
Micron Technology, Inc. Reports Results for the Fourth Quarter and Full Year of Fiscal 2020
29 Sep 20
8-K
Departure of Directors or Certain Officers
21 Sep 20

Registration and prospectus

View all
S-3ASR
Automatic shelf registration
4 Nov 20
424B5
Prospectus supplement for primary offering
22 Apr 20
FWP
Free writing prospectus
21 Apr 20
424B2
Prospectus for primary offering
21 Apr 20
S-8
Registration of securities for employees
28 Oct 19
15-12G
Securities registration termination
15 Aug 19
25
Voluntary exchange delisting
5 Aug 19
8-A12B/A
Registration of securities on exchange (amended)
19 Jul 19
424B5
Prospectus supplement for primary offering
11 Jul 19
FWP
Free writing prospectus
10 Jul 19

Proxies

View all
DEFA14A
Additional proxy soliciting materials
1 Dec 20
DEF 14A
Definitive proxy
1 Dec 20
DEFA14A
Additional proxy soliciting materials
9 Dec 19
DEF 14A
Definitive proxy
9 Dec 19
DEFA14A
Additional proxy soliciting materials
6 Dec 18
DEF 14A
Definitive proxy
6 Dec 18
DEFA14A
Additional proxy soliciting materials
10 Dec 17
DEF 14A
Definitive proxy
6 Dec 17
DEF 14A
Definitive proxy
7 Dec 16
DEFA14A
Additional proxy soliciting materials
7 Dec 16

Other

View all
SD
Conflict minerals disclosure
28 May 20
SD
Conflict minerals disclosure
31 May 19
UPLOAD
Letter from SEC
10 Jul 18
CORRESP
Correspondence with SEC
2 Jul 18
SD
Conflict minerals disclosure
31 May 18
SD
Conflict minerals disclosure
25 May 17
CT ORDER
Confidential treatment order
9 Apr 17
UPLOAD
Letter from SEC
28 Feb 17
CORRESP
Correspondence with SEC
23 Feb 17
UPLOAD
Letter from SEC
16 Feb 17

Ownership

View all
4
MICRON TECHNOLOGY / David Zinsner ownership change
16 Apr 21
4
MICRON TECHNOLOGY / Joel L Poppen ownership change
13 Apr 21
4
MICRON TECHNOLOGY / Scott J Deboer ownership change
6 Apr 21
4
MICRON TECHNOLOGY / APRIL S ARNZEN ownership change
29 Mar 21
4
MICRON TECHNOLOGY / David Zinsner ownership change
17 Mar 21
4
MICRON TECHNOLOGY / Joel L Poppen ownership change
15 Mar 21
4
MICRON TECHNOLOGY / David Zinsner ownership change
22 Feb 21
4
MICRON TECHNOLOGY / Sumit Sadana ownership change
18 Feb 21
4
MICRON TECHNOLOGY / Joel L Poppen ownership change
18 Feb 21
4
MICRON TECHNOLOGY / David Zinsner ownership change
18 Feb 21

Patents

View all
GRANT
Utility
Controller structural testing with automated test vectors
13 Apr 21
A system comprises a memory sub-system controller mounted to a printed circuit board (PCB) and an in-circuit test (ICT) device.
GRANT
Utility
Sensing operations in memory
13 Apr 21
The present disclosure includes apparatuses and methods related to sensing operations in memory.
GRANT
Utility
Apparatuses and methods to change data category values
13 Apr 21
The present disclosure includes apparatuses and methods to change data category values.
GRANT
Utility
Memory devices with multiple sets of latencies and methods for operating the same
13 Apr 21
Methods, systems, and apparatuses related to memory operation with multiple sets of latencies are disclosed.
GRANT
Utility
Methods of synchronizing memory operations and memory systems employing the same
13 Apr 21
A memory system is provided.

Transcripts

View all
2021 Q2
Earnings call transcript
1 Apr 21
2021 Q1
Earnings call transcript
7 Jan 21
2020 Q4
Earnings call transcript
29 Sep 20
2020 Q3
Earnings call transcript
29 Jun 20
2020 Q2
Earnings call transcript
25 Mar 20
2020 Q1
Earnings call transcript
18 Dec 19
2019 Q4
Earnings call transcript
26 Sep 19
2019 Q3
Earnings call transcript
25 Jun 19
2019 Q2
Earnings call transcript
20 Mar 19
2019 Q1
Earnings call transcript
18 Dec 18

Reddit threads

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