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MU · MICRON TECHNOLOGY INC

Changes to watch · 1 concrete new risk (customers and competition)

10-K 2026-10-09 ↗ compared with the previous 10-K 10-K 2025-10-03 ↗

Closing price50-day average200-day average

Technical events and factor profile →

Summary

Micron Technology adds new risks from strategic investments and AI technologies, and expands existing risks related to labor disputes and industry supply and demand.

Automatic summary generated from the filing; it may contain inaccuracies.
Concrete new risks
1
Generic new risks
11
Filing
10-K · 2026-10-09

How the stock reacted

After the 10-K1 session5 sessions20 sessions
MU-0.7%-10.1%pendiente
Nasdaq-100 (QQQ)+0.5%-2.6%
Difference-1.2%-7.5%

From the close before the filing. Historical data, not a prediction.

What the concrete new risks are about

Customers and competition · 1

New risks 12

Concrete fact Customers and competition
Data center end market concentration increases disruption risk

Among our end markets, approximately 60% of our total revenue was concentrated in the data center end market. A disruption in our relationship with any of our top customers or a significant decrease in demand for our data center products, including due to disruptions or delays in the build-out of data centers by our customers and partners, or in the overall data center end market, could adversely affect our business. Particularly with respect to data center build outs, supply constraints or availability issues with respect to any one component have had and may continue to have a broader revenue impact. For example, our ability to sell certain products has been and could be impeded if components necessary for the finished products are not available from third parties. In addition, the build-out of data centers by our customers and partners requires significant energy capacity, water, and capital, and any shortage of these and other necessary resources, any stakeholder opposition to data center development, or any delays in the build-out of data centers, could impact our future revenue and financial performance. In addition, access to capital for our customers could be constrained, which may cause companies to face difficulties securing financing for large-scale infrastructure projects. These limitations could delay customer and partner deployments or reduce the scale of 33 | 2026 10-K accelerated computing and AI adoption, which could have a material adverse effect on our business, results of operations, and financial condition.

11 more new risks

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Key figures quarterly · USD

Revenue (TTM)
$133.2B
YoY growth
+379.3%
Operating margin
80.7%
Cash / debt
$38.4B / $2.8B
Sep 26May 26Feb 26Nov 25Aug 25
Revenue$54.2B$41.5B$23.9B$13.6B$11.3B
YoY growth+379.3%+345.7%+196.3%+56.7%+46.0%
Gross margin86.8%84.6%74.4%56.0%44.7%
Operating margin80.7%80.4%67.6%45.0%32.3%
Net income$37.7B$28.2B$13.8B$5.2B$3.2B
Diluted EPS32.9924.6712.074.602.83

XBRL data filed with the SEC. The fourth fiscal quarter is calculated as the full year minus the previous three quarters.

Factor profile percentile vs. the S&P 500 and the Nasdaq-100

Momentum
12 months excl. last: +409.8% · 6 months +93.2%
99
Trend quality
R² 0.39 · rising
72
Relative strength
+83.0% vs. the S&P 500 over 6 months
98
Volatility
73% annualised
96
Beta
beta 3.28
98
Distance from high
-27.6% from the 52-week high
22
Extension
-2.4 standard deviations from its 20-day average
4

0 = the lowest in the universe, 100 = the highest. It describes how the stock has behaved, not whether to buy or sell it. Screen stocks by factors

Management tone MD&A

+32

More optimistic than in the previous 10-K (2025-10-03: +20, +11 points)

10-K of 2026-10-09 · 41.4% positive sentences, 4.5% negative · 220 sentences analysed

Index from −100 to +100 calculated with FinBERT on the results discussion (MD&A). The change matters more than the level: some sectors always sound more cautious.

Top funds 13F

Appaloosa · David Tepper
held since Q3 2023 or earlier
15.1% $1.1B -41%
Coatue Management · Philippe Laffont
held since Q1 2026
7.5% $3.6B +1794%
Bridgewater Associates · Ray Dalio
held since Q3 2025
0.6% $134.7M -92%
Soros Fund Management · George Soros
held since Q1 2026
0.4% $25.9M +694%
Duquesne Family Office · Stanley Druckenmiller — sold

Weight in each fund's portfolio and change vs. the previous quarter, from its latest 13F.

Recent material events (8-K)

2026-09-30 Results released 5 sessions: -4.8% vs Nasdaq-100 SEC ↗
2026-08-26 Executive or board changes 5 sessions: +0.5% vs Nasdaq-100 SEC ↗
2026-06-24 Results released 5 sessions: -3.6% vs Nasdaq-100 SEC ↗
2026-06-09 Executive or board changes 5 sessions: +6.0% vs Nasdaq-100 SEC ↗

All material events for MU →

Insiders · last 90 days

Buys
—
Discretionary sells
—
10b5-1 plan sells
$5.9M
2026-10-14 RAY MICHAEL CHARLES · Officer Sell (10b5-1 plan) $526K SEC ↗
2026-10-14 RAY MICHAEL CHARLES · Officer Sell (10b5-1 plan) $446K SEC ↗
2026-10-14 RAY MICHAEL CHARLES · Officer Sell (10b5-1 plan) $442K SEC ↗
2026-10-14 RAY MICHAEL CHARLES · Officer Sell (10b5-1 plan) $369K SEC ↗
2026-10-14 RAY MICHAEL CHARLES · Officer Sell (10b5-1 plan) $302K SEC ↗
2026-10-14 RAY MICHAEL CHARLES · Officer Sell (10b5-1 plan) $296K SEC ↗
2026-10-14 RAY MICHAEL CHARLES · Officer Sell (10b5-1 plan) $263K SEC ↗
2026-10-14 RAY MICHAEL CHARLES · Officer Sell (10b5-1 plan) $227K SEC ↗
2026-10-14 RAY MICHAEL CHARLES · Officer Sell (10b5-1 plan) $223K SEC ↗
2026-10-14 RAY MICHAEL CHARLES · Officer Sell (10b5-1 plan) $223K SEC ↗
2026-10-14 RAY MICHAEL CHARLES · Officer Sell (10b5-1 plan) $189K SEC ↗
2026-10-14 RAY MICHAEL CHARLES · Officer Sell (10b5-1 plan) $188K SEC ↗
2026-10-14 RAY MICHAEL CHARLES · Officer Sell (10b5-1 plan) $187K SEC ↗
2026-10-14 RAY MICHAEL CHARLES · Officer Sell (10b5-1 plan) $185K SEC ↗
2026-10-14 RAY MICHAEL CHARLES · Officer Sell (10b5-1 plan) $185K SEC ↗
2026-10-14 RAY MICHAEL CHARLES · Officer Sell (10b5-1 plan) $184K SEC ↗
2026-10-14 RAY MICHAEL CHARLES · Officer Sell (10b5-1 plan) $184K SEC ↗
2026-10-14 RAY MICHAEL CHARLES · Officer Sell (10b5-1 plan) $184K SEC ↗
2026-10-14 RAY MICHAEL CHARLES · Officer Sell (10b5-1 plan) $150K SEC ↗
2026-10-14 RAY MICHAEL CHARLES · Officer Sell (10b5-1 plan) $150K SEC ↗

Source: SEC EDGAR. Automatic comparison of the risk factors section; it may contain extraction errors. Always check the original document. For information purposes only; not investment advice.