Last 47 quarters of trend data · Technology · Semiconductors
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Micron Technology, Inc.'s quarterly P/E stands at 12.5x, down 14.9% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has expanded 13.4% YoY to 7.9x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 54.33 | 12.51 | 10.78 | 14.40 | 16.28 | 14.70 | 30.24 | 105.24 | 31.90 | — | — | — | — |
| — | -14.9% | -64.4% | -86.3% | -49.0% | — | — | — | — | — | — | — | — | |
| P/S Ratio | 12.38 | 4.80 | 3.03 | 2.93 | 3.20 | 3.16 | 3.47 | 5.21 | 4.33 | 4.43 | 4.77 | 5.04 | 4.17 |
| — | +51.8% | -12.6% | -43.8% | -26.1% | -28.6% | -27.4% | +3.4% | +4.0% | +19.7% | +100.2% | +106.1% | +28.8% | |
| P/B Ratio | 8.56 | 4.46 | 2.53 | 2.15 | 2.12 | 2.35 | 2.38 | 3.21 | 2.30 | 1.95 | 1.74 | 1.66 | 1.30 |
| — | +89.3% | +6.4% | -33.1% | -7.9% | +20.6% | +37.2% | +92.6% | +76.6% | +59.2% | +36.7% | -2.9% | -38.1% | |
| P/FCF | 277.39 | 21.68 | 476.56 | 16.29 | 3.61 | 724.87 | 94.31 | 89.54 | — | — | — | — | — |
| — | -97.0% | +405.3% | -81.8% | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 25.70 | 7.95 | 6.02 | 6.74 | 7.24 | 7.01 | 8.35 | 13.85 | 12.93 | 28.51 | 54.05 | 102.74 | — |
| — | +13.4% | -28.0% | -51.3% | -44.0% | -75.4% | -84.5% | -86.5% | — | +216.0% | +1045.2% | +2291.1% | — | |
| EV / EBIT | 47.45 | 10.83 | 9.50 | 12.84 | 15.58 | 13.55 | 18.74 | 54.37 | 140.36 | — | — | — | — |
| — | -20.1% | -49.3% | -76.4% | -88.9% | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Micron Technology, Inc.'s operating margin was 45.0% in Q1 2026, up 11.9 pp QoQ and up 20.1 pp YoY. This marks the 4th consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 30.9% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 45.9% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 39.8% | 56.1% | 44.7% | 37.7% | 36.8% | 38.4% | 35.3% | 26.9% | 18.5% | -0.7% | -10.8% | -17.8% | -32.7% |
| — | +45.9% | +26.5% | +40.2% | +98.6% | +5290.8% | +425.6% | +251.1% | +156.7% | -103.4% | -127.5% | -138.1% | -169.2% | |
| Operating Margin | 26.4% | 45.0% | 33.2% | 23.3% | 22.0% | 25.0% | 19.6% | 10.6% | 3.3% | -23.9% | -36.7% | -46.9% | -62.4% |
| — | +80.4% | +68.9% | +120.9% | +571.3% | +204.6% | +153.5% | +122.5% | +105.3% | -366.5% | -260.3% | -235.0% | -290.7% | |
| Net Margin | 22.8% | 38.4% | 28.3% | 20.3% | 19.7% | 21.5% | 11.4% | 4.9% | 13.6% | -26.1% | -35.7% | -50.5% | -62.6% |
| — | +78.9% | +147.2% | +315.8% | +44.4% | +182.2% | +132.1% | +109.6% | +121.7% | -447.0% | -258.8% | -266.3% | -315.4% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.2% | 9.3% | 6.1% | 3.8% | 3.3% | 4.1% | 2.0% | 0.8% | 1.8% | -2.8% | -3.2% | -4.1% | -4.8% |
| — | +128.0% | +207.4% | +403.3% | +81.5% | +243.4% | +162.1% | +118.4% | +138.2% | -621.6% | -206.2% | -175.7% | -199.2% | |
| ROA | 11.2% | 6.2% | 4.0% | 2.5% | 2.2% | 2.7% | 1.3% | 0.5% | 1.2% | -1.9% | -2.2% | -2.9% | -3.4% |
| — | +133.9% | +203.7% | +394.8% | +78.9% | +237.7% | +159.4% | +117.5% | +135.6% | -563.1% | -197.1% | -170.4% | -195.0% | |
| ROIC | 13.2% | 7.5% | 4.8% | 2.9% | 2.4% | 3.1% | 2.2% | 1.1% | 0.3% | -1.7% | -2.2% | -2.6% | -3.4% |
| — | +146.3% | +117.2% | +169.3% | +732.4% | +277.9% | +200.2% | +140.7% | +108.4% | -447.3% | -194.3% | -155.0% | -181.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Micron Technology, Inc.'s Debt/EBITDA ratio is 1.5x, down from 2.6x last quarter — comfortably within a safe range. The current ratio has weakened 9.5% YoY to 2.46x, tightening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.28 | 0.21 | 0.28 | 0.32 | 0.31 | 0.31 | 0.31 | 0.31 | 0.33 | 0.33 | 0.32 | 0.30 | 0.27 |
| — | -30.8% | -9.1% | +1.4% | -5.8% | -6.6% | -1.7% | +2.8% | +19.7% | +48.9% | +109.7% | +98.0% | +71.4% | |
| Debt / EBITDA | 0.84 | 1.50 | 2.57 | 3.79 | 3.92 | 3.42 | 4.09 | 5.19 | 6.90 | 17.92 | 36.76 | 71.02 | — |
| — | -56.3% | -37.1% | -27.0% | -43.2% | -80.9% | -88.9% | -92.7% | — | +181.8% | +1522.9% | +4413.3% | — | |
| Current Ratio | 2.52 | 2.46 | 2.52 | 2.75 | 3.13 | 2.72 | 2.64 | 3.41 | 3.74 | 3.53 | 4.46 | 4.26 | 4.17 |
| — | -9.5% | -4.5% | -19.2% | -16.3% | -23.1% | -40.9% | -19.9% | -10.1% | +0.5% | +54.3% | +31.4% | +34.1% | |
| Quick Ratio | 1.79 | 1.78 | 1.79 | 1.89 | 1.99 | 1.75 | 1.68 | 2.16 | 2.40 | 2.14 | 2.70 | 2.64 | 2.62 |
| — | +1.6% | +6.7% | -12.5% | -16.9% | -18.3% | -37.9% | -18.1% | -8.6% | -3.9% | +34.6% | +8.5% | +12.5% | |
| Interest Coverage | 20.69 | 83.03 | 30.27 | 17.63 | 15.83 | 18.42 | 11.19 | 4.79 | 1.33 | -8.55 | -11.41 | -14.80 | -25.88 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Start ComparisonMicron Technology, Inc.'s current P/E is 54.3x. The average P/E over the last 4 quarters is 13.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Micron Technology, Inc.'s current operating margin is 26.4%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Micron Technology, Inc.'s business trajectory between earnings reports.