How much a stock's price changes over time is important for most investors, since price performance can both impact your investment portfolio and help you compare investment results across sectors and industries.

FOMO, or the fear of missing out, also plays a role in investing, particularly with tech giants and popular consumer-facing stocks.

What if you'd invested in Micron (MU) ten years ago? It may not have been easy to hold on to MU for all that time, but if you did, how much would your investment be worth today?

Micron's Business In-Depth

With that in mind, let's take a look at Micron's main business drivers.

Micron Technology, Inc., headquartered in Idaho, has established itself as one of the leading worldwide providers of semiconductor memory solutions.

Through global brands, namely Micron, Crucial and Ballistix, Micron manufactures and markets high-performance memory and storage technologies, including Dynamic Random Access Memory (DRAM), NAND flash memory, NOR Flash and other technologies. Its solutions are used in leading-edge computing, consumer, networking, mobile, automotive, industrial and data center products. The company's mission is to be the most efficient and innovative global provider of semiconductor memory solutions.

Micron reported revenues of $37.38 billion in fiscal 2025. Technology-wise, the company reports its financial results in three categories: DRAM, NAND and Other. A major portion of revenues is derived from DRAM sales, which accounted for 76.4% of fiscal 2025 total revenues. NAND and Other categories contributed 22.7% and 0.9%, respectively.

Micron also provides financial performance on a business unit basis. Previously, the company used to report its business segments as the Compute and Networking Business Unit, the Mobile Business Unit, the Embedded Business Unit and the Storage Business Unit.

In the fourth quarter of fiscal 2025, Micron reorganized its business segments to Cloud Memory Business Unit (“CMBU”), Core Data Center Business Unit (“CDBU”), Mobile and Client Business Unit (“MCBU”) and Automotive and Embedded Business Unit (“AEBU”). CMBU includes cloud memory products. CDBU includes core data center products. MCBU serves mobile and client markets. AEBU serves automotive and embedded markets.

Business segment-wise, revenues from CMBU soared 257% year over year to $13.52 billion in fiscal 2025. CDBU revenues jumped 45% to $7.23 billion. Sales at the MCBU increased 2% to $11.86 billion, while those for AEBU grew 3% to $4.75 billion.

The company’s portfolio is closely tied to the growth of AI data centers, high-capacity servers, smartphones, personal computers, automotive electronics and industrial systems. Micron also sells data center SSDs and NAND-based storage products.

Bottom Line

While anyone can invest, building a lucrative investment portfolio takes research, patience, and a little bit of risk. If you had invested in Micron ten years ago, you're probably feeling pretty good about your investment today.

According to our calculations, a $1000 investment made in August 2016 would be worth $65,081.04, or a gain of 6,408.10%, as of August 17, 2026, and this return excludes dividends but includes price increases.

The S&P 500 rose 256.48% and the price of gold increased 212.44% over the same time frame in comparison.

Going forward, analysts are expecting more upside for MU.

Micron is benefiting from AI-driven demand for memory and storage, tighter DRAM and NAND supply and a richer mix of HBM, data center SSD and high-capacity products. Record third-quarter fiscal 2026 results, a stronger fourth-quarter outlook and durable strategic customer agreements support higher revenue visibility, cash flow and margins. Its cash generation and net cash balance provide flexibility to fund capacity additions while enhancing shareholder value. The company is also widening its data center, automotive, robotics and edge AI opportunities as memory becomes more strategic to system performance. Shares have outperformed the sector over the past year. However, rising operating expenses, elevated capital spending, greenfield ramp-up costs and trade risks could weigh on profitability if demand or pricing weakens.

Over the past four weeks, shares have rallied 14.45%, and there have been 13 higher earnings estimate revisions in the past two months for fiscal 2026 compared to none lower. The consensus estimate has moved up as well.

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Micron Technology, Inc. (MU): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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