Added to YB: 2026-10-07
Pitch date: 2026-10-01
MU [bullish]
Micron Technology, Inc.
-15.9%
current return
Author Info
Anni Sen is the Managing Partner of BluBird Capital, a boutique financial advisory firm specializing in high-conviction investing ideas. Sign up for the newsletter.
Company Info
Micron Technology, Inc. engages in the provision of semiconductor memory and storage products in the United States, Taiwan, Mainland China, other Asia Pacific countries, Japan, Europe, and internationally.
Market Cap
$1.1T
Pitch Price
$1.1K
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.28
P/E
12.82
EV/Sales
7.58
Sector
Semiconductors and Semiconductor Equipment
Category
turnaround
MICRON-The Floor Is Now in Writing
MU (earnings): Micron’s $54.2B quarter beat the roughly $51B Street estimate; its $61.5B Q1 guide and management’s outlook make Q1 the fiscal 2027 gross-margin floor, with margins rising from Q2. SCAs cover over 35% of revenue through 2030 and extend to 2031. Holding; would add on a pullback. At ~7x run-rate earnings, valuation is compelling; BofA’s $100B+ Q2-Q4 cash-generation estimate is not guidance, the buyback authorization is only $2.2B, and refundable deposits are not excess cash.
Read full article (9 min)