Micron Technology, Inc. (MU)
Micron is one of the few global producers of DRAM and NAND memory, components essential to computers, phones, and AI servers. Demand for high-bandwidth memory used in AI accelerators has become a major growth driver.
Information Technology stock comparison
MU vs NVDA: which business are you actually underwriting?
Compare Micron Technology, Inc. with NVIDIA Corporation using their business models, SEC classifications, fiscal calendars, current primary filings, and the research questions that matter. This is a thesis framework—not a price target or automatic winner.
- Sector
- Information
- Industry
- Same SIC
- Shared themes
- 2
- Updated
- 2026-02-25
MU vs NVDA: quick comparison
| Company fact | MU | NVDA |
|---|---|---|
| Company | Micron Technology, Inc. | NVIDIA Corporation |
| Exchange | NASDAQ | NASDAQ |
| Headquarters | Boise, Idaho | Santa Clara, California |
| Founded | 1978 | 1993 |
| SEC industry | Semiconductors & Related Devices | Semiconductors & Related Devices |
| Fiscal year-end | September 3 | January 31 |
| Latest annual filing | 10-K · 2025-10-03 | 10-K · 2026-02-25 |
MU vs NVDA: audited financials
NVDA reported about 5.8× the revenue of MU in the latest audited fiscal year. On profitability, NVDA converted a larger share of revenue into net income (55.6% versus 22.8%). Scale and margin are starting facts for the thesis, not the verdict.
| Metric | MU | NVDA |
|---|---|---|
| Revenue | $37.4B | $215.9B |
| Net income | $8.5B | $120.1B |
| Operating cash flow | $17.5B | $102.7B |
| Diluted EPS | $7.59 | $4.90 |
| Net margin | 22.8% | 55.6% |
MU: FY ending 2025-08-28 · NVDA: FY ending 2026-01-25. Figures as tagged in each issuer's SEC XBRL filing; fiscal calendars may not align.
How the businesses differ
Why this pair belongs in the comparison set
MU and NVDA share the SEC industry classification “Semiconductors & Related Devices,” giving the comparison a primary-source operating relationship. A shared classification or theme makes the pair useful for a defined research question; it does not mean the companies have identical products, economics, or risks.
NVIDIA Corporation (NVDA)
NVIDIA makes the graphics processors and data-center accelerators that train and run most modern AI models. Its chips have become the default hardware of the AI boom, making it a bellwether for the entire sector.
The useful starting point is not which ticker has performed better. It is whether the two companies convert the same economic forces into revenue and cash flow in the same way. MU is classified by the SEC as Semiconductors & Related Devices, while NVDA is classified as Semiconductors & Related Devices. The matching industry code strengthens the peer comparison, although product mix can still differ materially.
Members-only research
We've published in-depth research on MU
MU · Dec 18, 2025
The HBM Capacity TradeA December 18, 2025 look at Micron's HBM capacity thesis, with a separate audit of timing, valuation and subsequent results.
NVDA · Aug 12, 2026
Issue 05: NVIDIA Is Building the Credit Market for AINVIDIA has found a way to turn knowledge of its own roadmap into a lower cost of capital for its customers. The result could move AI infrastructure from venture equity into private credit, insurance balance sheets and securitized debt.
The thesis, the numbers behind it, and what would break it. Full access is $15 a month.
Read the full researchWhich thesis does each company fit?
Use the distinction below to decide which filing deserves deeper work. It is a research routing rule, not a recommendation or prediction.
Study MU when…
- The AI capital-expenditure cycle
- Interest rates and the cost of long-duration growth
- Enterprise IT budgets and cloud migration
- Export controls and the US–China chip race
Study NVDA when…
- The AI capital-expenditure cycle
- Interest rates and the cost of long-duration growth
- Enterprise IT budgets and cloud migration
- Export controls and the US–China chip race
Shared research themes
Artificial intelligenceTariffs & trade
SEC filing comparison and disclosure evidence
Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable.MU's fiscal year ends September 3, while NVDA's ends January 31. Normalize the reporting periods before comparing growth, margins, capital intensity, or guidance.
The current verified House and Senate snapshot contains 31matched transaction rows for MUand 178 for NVDA. These delayed, range-based disclosures can identify a filing to inspect; they do not establish motive, conviction, or a real-time trading signal.
MU primary filings
NVDA primary filings
What this comparison cannot tell you
This page does not contain licensed live prices, a valuation model, earnings estimates, portfolio constraints, or a forecast of future returns. SEC classifications can be broad, company descriptions can lag strategic change, and the latest annual filing may predate a material acquisition or divestiture. Read subsequent quarterly and current reports before making a decision.
A stronger business is not automatically the better stock. Starting valuation, expectations, capital structure, cyclicality, dilution, and the probability of each thesis determine the investment outcome. Use this comparison to frame the work, then verify the numbers in the linked filings and current company disclosures.
MU vs NVDA FAQs
Are MU and NVDA direct competitors?
Micron Technology, Inc. and NVIDIA Corporation share the SEC industry classification “Semiconductors & Related Devices.” That makes the operating comparison relevant, but it does not prove that every product, customer, or revenue stream competes directly.
Which is better, MU or NVDA?
There is no context-free winner. Compare the operating exposures, filing evidence, valuation, balance sheet, and risks against the specific thesis you are testing. This page deliberately does not turn a static profile into a buy or sell recommendation.
Does this MU vs NVDA comparison include live prices?
No. Yield Theory does not republish unlicensed real-time market data. The financial figures on this page are the audited annual numbers Micron Technology, Inc. and NVIDIA Corporation tagged in their SEC XBRL filings. Use a regulated broker or licensed quote provider for current prices and valuation multiples.
Where does the company information come from?
Company classifications, fiscal year-ends, and filing links come from the SEC EDGAR submissions API snapshot refreshed 2026-09-25. Business summaries and research themes are maintained by Yield Theory.
Data snapshot: SEC EDGAR submissions API, refreshed 2026-09-25. Independent educational research; not investment advice.
A comparison is the setup. The thesis is the call.
MU vs NVDA shows how the businesses differ. Membership is the monthly sourced view of who could benefit, what could break, and what evidence matters next. $15/month or $150/year.
Members-only research
MU · Dec 18, 2025
The HBM Capacity TradeNVDA · Aug 12, 2026
Issue 05: NVIDIA Is Building the Credit Market for AISep 22, 2026
Meta jumped 11%. What must happen next to justify the price?
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