Professional
Added to YB: 2026-09-17
Pitch date: 2026-06-30
MU [bullish]
Micron Technology, Inc.
Author Info
No bio for this author
Company Info
Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Japan, Mainland China, Hong Kong, Europe, and internationally.
Market Cap
$1.0T
Pitch Price
N/A
Price Target
N/A
Dividend
0.06%
EV/EBITDA
14.91
P/E
20.85
EV/Sales
11.30
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Aristotle Core Equity Fund New Position: Micron Technology, Inc.
MU: Micron is positioned for a structurally longer memory upcycle, potentially lasting four to five years versus the historical two to three, as AI-driven demand meets constrained supply. Higher-margin HBM output is effectively sold out through 2026, and the memory market is expected to remain in deficit through 2027. Forward valuation is viewed as reasonable, while the current upcycle and inherent memory cyclicality are viewed as warranting a higher peak multiple.
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