HIGHBuilt-inGeographic
70%
revenue from products shipped outside the United States
“10-K Item 1A: 'approximately 70% of our revenue in 2026 was from products shipped to customer locations outside the United States'”
MU · Concentration risk · 10-K extracted
Micron Technology (MU) concentration risks
Updated
The most significant concentration Micron Technology discloses is revenue from products shipped outside the United States at 70%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Source: Micron Technology’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH1
MEDIUM2
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partyCustomer
50%
top ten customers
“10-K Item 1: 'approximately one-half of our total revenue was from our top ten customers'”
MEDIUMBuilt-inGeographic
Taiwan DRAM production output
“10-K Item 1A: 'A majority of our DRAM production output in 2026 was from our fabrication facilities in Taiwan'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-10-18Micron's concentrations are mostly structural, with one customer dependency. Approximately 70% of revenue in the latest year came from products shipped to customer locations outside the United States, a high-share exposure that ties results to global demand and trade conditions rather than any single counterparty. The customer base is also concentrated: the top ten customers made up approximately 50% of total revenue, a medium-share dependency that sits on top of the geographic mix. Production footprint adds a third layer. A majority of DRAM production output came from fabrication facilities in Taiwan, a medium-share structural exposure with no disclosed percentage. It is a location concentration rather than a supplier relationship, so it speaks to regional and operational risk instead of counterparty risk. Netting these out, the international revenue mix and the Taiwan production base are structural features of a memory manufacturer, while the top-ten customer concentration is the item most able to produce an idiosyncratic swing in results. All three are disclosed in the filing's own words.
For the engine’s reasoning on MU’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Semiconductors
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ALAB | Astera Labs, Inc. | 3 | 0 | 0 | 3 |
| AMBQ | Ambiq Micro, Inc. | 2 | 1 | 0 | 3 |
| ADI | Analog Devices, Inc. | 2 | 0 | 0 | 2 |
| ALGM | Allegro MicroSystems, Inc. | 1 | 2 | 0 | 3 |
| MU● | Micron Technology, Inc. | 1 | 2 | 0 | 3 |
| AIP | Arteris, Inc. | 0 | 1 | 0 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.