Micron Technology, Inc. (MU)

Micron Technology's stock has experienced significant events and strong performance in the past six months. NVIDIA confirmed Micron as a core HBM supplier, and Micron announced it was the first to ship 1γ DRAM. Micron reported strong Q2 and Q3 fiscal 2025 earnings, with HBM revenue crossing the $1 billion milestone in Q2 and reaching $1.5 billion in Q3. The company experienced a stock dip post-Q2 guidance due to below-expectation forecasts but saw a recovery due to US-China tariff reductions. Positive Q4 fiscal 2025 guidance was also provided.

The semiconductor industry is cyclical, with periods of oversupply and undersupply affecting revenue and profitability. Historically, customer inventory reductions and general seasonality can impact bit shipments. However, recent trends indicate a shift in demand dynamics due to advancements in AI, machine learning, and big data analytics, which are sustaining demand and defying typical seasonal trends. Micron has strategically shifted its supply to meet the strong demand for data center DRAM.

Micron Technology, Inc. is a global leader in the semiconductor industry, specializing in innovative memory and storage solutions, operating within the Electronic Technology sector, specifically in the Semiconductors industry. Its core business revolves around the design, development, manufacturing, and sale of various memory and storage products including DRAM, NAND Flash Memory, NOR Memory Storage Products, SSDs, and HBM. Micron operates through four main segments: Computing and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU).

Micron Technology has a global footprint with offices and manufacturing sites across the world, including North America, Asia-Pacific, and Europe. The company operates in the USA, Taiwan, China, Japan, Malaysia, India, and Singapore, with its largest presence in the USA, which generates approximately 55% of its revenue.

Micron Technology maintains a generally positive brand reputation, as evidenced by its inclusion in various reputable lists. In 2025, Forbes listed Micron among the "Most Trusted Companies in America" and "Net Zero Leaders". In 2024, the company was recognized among the "World's Top Companies for Women", "World's Best Employers", and "America's Best Employers for Tech Workers".

Institutional investors hold a significant majority stake in Micron Technology, Inc., with an 81% ownership stake as of October 2024. The top 23 shareholders control 50% of the business. The general public holds approximately 19% to 21.62% of the shares, and insider ownership is less than 1%. Major institutional shareholders include Vanguard Group Inc., BlackRock, Inc., and Capital World Investors.