Makes memory and storage chips (DRAM and NAND), including the high-bandwidth memory (HBM) that AI accelerators depend on.
| Indicator | Score | Band |
|---|---|---|
| Depreciation Integrity | 54 | AMBER (~50–58) |
| Capex-vs-Demand Gap | 73 | RED–AMBER (~68–78) |
| Insider-Selling Intensity | 43 | AMBER (~38–48) |
| Financing Opacity / Circular Leverage | 51 | AMBER (~48–55) |
| Energy & Diminishing Returns | 48 | AMBER (~45–52) |
| Organic End-User Demand | 66 | RED–AMBER (~62–70) |
Q. FY2023: Micron's revenue halved, DRAM prices fell in the high-40s percent, net income was a loss of $5.83 billion, and adjusted free cash flow was negative $5.45 billion while capex continued. Now FY2026 capex is guided at $20 billion. Why is this time different?
A. The sheet does not assert this time is different. FY2023 revenue was $15.54B (−49% year over year), GAAP net income was $(5.83)B, DRAM ASPs fell in the high-40s percent, NAND ASPs fell in the low-50s percent, and adjusted FCF was $(5.45)B — per the FY2023 Q4 press release and 10-K risk factors. FY2025 revenue rebounded to $37.38B (+49%), net income $8.54B, gross margin 40%, with CMBU up 257% year
EVIDENCE: filed · scores from the engine · I5/I6 carry a score with no underlying instrument — stated where drilled.
AWAITING LIVE SERIES · wires from /api/prices · held state stands if the wire fails
SEC XBRL companyfacts · every row carries its accession · 8 quarters · refreshes off the 8-K 2.02 earnings event
Watching: Capex vs demand, Organic demand before the print.
Earnings window. no dated next-print for this firm in the calendar yet — the 59-of-68 coverage gap.
Score 43.0/100 from the engine.
Discretionary (no-plan) selling on the recent record: $125,951,949.
| Owner | Role | Date | Type | Value | Basis |
|---|---|---|---|---|---|
| Mehrotra Sanjay | President and CEO | 2026-07-24 | Sale | $990,014 | discretionary |
| Mehrotra Sanjay | President and CEO | 2026-07-24 | Sale | $591,564 | discretionary |
| Mehrotra Sanjay | President and CEO | 2026-07-24 | Sale | $903,306 | discretionary |
| Mehrotra Sanjay | President and CEO | 2026-07-24 | Sale | $754,584 | discretionary |
| Mehrotra Sanjay | President and CEO | 2026-07-24 | Sale | $1,144,526 | discretionary |
| Mehrotra Sanjay | President and CEO | 2026-07-24 | Sale | $102,683 | discretionary |
| Mehrotra Sanjay | President and CEO | 2026-07-24 | Sale | $952 | discretionary |
| Mehrotra Sanjay | President and CEO | 2026-07-24 | Sale | $691,788 | discretionary |
| Mehrotra Sanjay | President and CEO | 2026-07-24 | Sale | $1,456,262 | discretionary |
| Mehrotra Sanjay | President and CEO | 2026-07-24 | Sale | $387,455 | discretionary |
| Mehrotra Sanjay | President and CEO | 2026-07-24 | Sale | $303,360 | discretionary |
| Mehrotra Sanjay | President and CEO | 2026-07-24 | Sale | $967,782 | discretionary |
EDGAR Form 4, parsed structured · last 60 txns · asof 2026-08-08 · refreshes off the Form-4 event class
Pending analysis. not yet determined — on the follow-up ledger as of 2026-07-13. A dated commitment, not an apology.
Video. no verified channel in the map yet — our gap, stated (the map grows by verification, never by guess).
≤5 news · ≤2 video · rolling window, never an archive · ranked from the 2026-08-08 sweep · refreshes Saturday
Notes. held open — The desk has not ruled this slot.
Company data is compiled from primary sources — SEC filings, the fragility engine, and our own roster. Narrative summaries are AI-assisted; every figure comes from the record, not the model.