Full-Time
Memory and storage semiconductor manufacturer
No salary listed
Boise, ID, USA
In Person
Willingness to travel domestically and internationally is required.
MBA, PhD
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Micron Technology designs and manufactures memory and storage products, including DRAM, NAND, and NOR flash. These products power devices across computing, networking, automotive, industrial, and mobile markets. The company sells to OEMs, distributors, and end users worldwide and funds ongoing research and development to meet evolving needs. Micron aims to provide scalable memory solutions and maintain an inclusive, growth‑oriented workplace for its employees.
Company Size
10,001+
Company Stage
IPO
Headquarters
Boise, Idaho
Founded
1978
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Health Insurance
Dental Insurance
Vision Insurance
Disability Insurance
Parental Leave
Unlimited Paid Time Off
Paid Holidays
Flexible Work Hours
Micron stock has surged nearly 690% over the past year but has fallen roughly 30% since June, puzzling investors given its relatively low valuation. The chip manufacturer's historical volatility likely prevents it from realising its full potential. In the first nine months of fiscal 2026, Micron's revenue soared 203% to $79 billion, with net income reaching $47 billion. Despite this growth, the stock trades at a trailing price-to-earnings ratio of 20 and a forward ratio of 12, suggesting investor reluctance. Whilst five-year pricing agreements with customers offer stability, Micron faces potential competition from Chinese manufacturers like ChangXin Memory Technologies, which may begin producing high-bandwidth memory by year-end. Historically, supply has eventually caught up with demand in every previous upcycle.
Citi analyst Atif Malik cut Micron Technology's price target 18% to $1,150 from $1,400 whilst maintaining a Buy rating, warning that DRAM and NAND pricing cycles may be nearing their peak. The firm reduced fiscal 2027 and 2028 earnings estimates by 1% and 2% respectively, expecting gross margins to retreat from the mid-80% range toward the mid-70% range next year as pricing power moderates. Micron posted fiscal third-quarter revenue of $41.46 billion, up from $9.30 billion a year earlier. Management expects fourth-quarter revenue near $50 billion. Malik cited Chinese competition and capacity additions in NAND and DRAM markets as the biggest risk. However, roughly 40% of Micron's DRAM bits are covered by long-term pricing agreements, providing some protection.
Micron Technology shares slipped 0.6% on Friday after Citi cut its price target to $1,150 from $1,400 whilst maintaining a Buy rating. The downgrade reflects expectations that DRAM and NAND pricing gains will moderate over the next four quarters. Despite the target cut, Micron reported record revenue of $41.46 billion, up from $23.86 billion in the previous quarter. The company forecasts fiscal fourth-quarter revenue of $50 billion, plus or minus $1 billion, with gross margins around 86%. However, valuation concerns are emerging. Micron trades near $874, roughly 55% above its estimated intrinsic value of $564. The company plans $27 billion in capital investment for fiscal 2026 as it expands AI customer relationships.
Micron Technology, BrightSpring Health Services, and Custom Truck One Source have emerged as standout profitable stocks based on strong net income ratios and growth prospects. The selection criteria included a Zacks Rank of #1, trailing 12-month sales and net income growth exceeding industry averages, and a net income ratio higher than the industry standard. Micron Technology, a global memory and storage provider, shows particularly impressive metrics with a 12-month net profit margin of 55.9%. The company's expected earnings growth rate for the current year stands at 791%. The screening process, using the Zacks Research Wizard, filtered more than 7,685 stocks down to just 13 that met all criteria. The net income ratio helps investors assess a company's ability to cover both operating and non-operating expenses with revenues.
Microchip Technology announced it will showcase an end-to-end PCIe Gen 6 storage architecture combining its Switchtec PCIe Gen 6 switches with Micron's 9650 NVMe solid-state drives. The collaboration targets the AI and enterprise data-centre market, strengthening Microchip's position against competitors Broadcom and Astera Labs. The architecture offers greater bandwidth, lower latency and scalable storage connectivity for AI, high-performance computing and cloud workloads. Micron's 9650 is the first PCIe Gen 6 data-centre SSD, delivering twice the performance of PCIe Gen 5 drives. Microchip's PCIe Gen 6 switches are manufactured using a 3-nanometre process, support configurations of up to 160 lanes and deliver lower power consumption in high-density AI systems. The company's broader portfolio, including storage controllers and power-management devices, supports its Total System Solutions strategy.