Intel vs Micron Technology
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The short version
- Micron Technology is the larger business, with $133.2B of revenue in fiscal 2026 against $52.9B for Intel, about 2.5 times as much.
- Micron Technology grew revenue faster (256.3%, against −0.5%).
- Micron Technology kept more of each dollar of sales as operating profit (74.6% operating margin, against −4.2%).
- Micron Technology turned more of its sales into free cash flow (44.3% FCF margin, against −9.4%).
- Micron Technology earned a higher return on the capital invested in it (106.8%, against −0.8%).
| Latest fiscal year | INTC · FY25 | MU · FY26 |
|---|---|---|
| Size | ||
| Market cap | $443.8B | $1.00T |
| Revenue | $52.9B | $133.2B |
| Free cash flow | −$4.9B | $59.0B |
| Net income | −$267M | $85.0B |
| Growth | ||
| Revenue growth | −0.5% | 256.3% |
| 5-year growth | −7.5% | 36.9% |
| Share count change | 5.8% | 1.6% |
| Profitability | ||
| Gross margin | 34.8% | 80.7% |
| Operating margin | −4.2% | 74.6% |
| Net margin | −0.5% | 63.8% |
| FCF margin | −9.4% | 44.3% |
| Return on capital | −0.8% | 106.8% |
| Return on equity | −0.3% | 88.3% |
| Balance sheet | ||
| Net debt | $9.2B | −$38.3B |
| Net debt / EBITDA | 1.0x | −0.4x |
| Dividends and buybacks | $0.0M | $1.3B |
| Valuation & quality | ||
| P/E | — | — |
| Piotroski F-score | 6 | 8 |
Revenue
FY17
INTC $62.8B
MU $20.3B
FY18
INTC $70.8B
MU $30.4B
FY19
INTC $72.0B
MU $23.4B
FY20
INTC $77.9B
MU $21.4B
FY21
INTC $79.0B
MU $27.7B
FY22
INTC $63.1B
MU $30.8B
FY23
INTC $54.2B
MU $15.5B
FY24
INTC $53.1B
MU $25.1B
FY25
INTC $52.9B
MU $37.4B
FY26
INTC —
MU $133.2B
INTC
MU
Operating margin
FY17
INTC 28.8%
MU 28.9%
FY18
INTC 32.9%
MU 49.3%
FY19
INTC 30.6%
MU 31.5%
FY20
INTC 30.4%
MU 14.0%
FY21
INTC 24.6%
MU 22.7%
FY22
INTC 3.7%
MU 31.5%
FY23
INTC 0.2%
MU −37.0%
FY24
INTC −22.0%
MU 5.2%
FY25
INTC −4.2%
MU 26.1%
FY26
INTC —
MU 74.6%
INTC
MU
Free cash flow
FY17
INTC $10.3B
MU $3.4B
FY18
INTC $14.3B
MU $8.5B
FY19
INTC $16.9B
MU $3.4B
FY20
INTC $21.6B
MU $83.0M
FY21
INTC $10.7B
MU $2.4B
FY22
INTC −$9.4B
MU $3.1B
FY23
INTC −$14.3B
MU −$6.1B
FY24
INTC −$15.7B
MU $121M
FY25
INTC −$4.9B
MU $1.7B
FY26
INTC —
MU $59.0B
INTC
MU
Return on capital
FY17
INTC 10.4%
MU 27.2%
FY18
INTC 22.7%
MU 54.5%
FY19
INTC 19.7%
MU 21.0%
FY20
INTC 18.8%
MU 7.7%
FY21
INTC 16.7%
MU 14.8%
FY22
INTC 2.1%
MU 19.7%
FY23
INTC 0.1%
MU −9.5%
FY24
INTC −6.9%
MU 1.7%
FY25
INTC −0.8%
MU 15.9%
FY26
INTC —
MU 106.8%
INTC
MU
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.