Tuesday, July 21, 2026
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The Chain Gazette · ResearchSemiconductorsNASDAQ NMS - GLOBAL MARKETFull writeup
$965.21+11.53%as of 12:06 PM ET

MUMicron Technology

DRAM and NAND memory. The HBM3e / HBM4 ramp for AI accelerators is the defining cycle — HBM pricing and allocation is now the bottleneck, not wafer supply.

Coiled

6

52w range compression, breakout-adjusted

Watched

70

7-day news volume + tape quietness

Sound

100

Margins, growth, FCF composite

Critical

99

Supply-chain concentration × demand

Pressure

66

Pricing Power

72.6%

Filling fast

Numbers on the wire.

Market cap

$977.4B

P/E (TTM)

19.76

P/S (TTM)

11.05

EV / EBITDA

37.37

Gross margin

72.57%

Op margin

65.63%

Net margin

55.91%

FCF margin

Rev growth YoY

166.98%

EPS growth YoY

700.71%

ROE

70.55%

ROA

49.92%

Debt / Equity

0.06

Current ratio

3.42

Price / Book

10.34

Beta

2.24

Layer Presence.

Memory was a cyclical; HBM made a segment of it structural. MU is one of three HBM suppliers (with SK Hynix and Samsung). Allocation, not pricing, is the constraint through 2026.

From the EDGAR wire.

From the tape.

Who MU touches.