MICRON TECHNOLOGY INC (MU) Factsheet
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MICRON TECHNOLOGY INC (MU) Stock Analysis
Analysis from 10-K filed 2026-10-09. Data as of Q3 2026.
Overall Grade: F (Concerning)
Grade F (Concerning). ROIC 92.6%. FCF margin 44.3%. D/E 0.0x. Source: 10-K filed 2026-10-09.
| Metric | Value | Context |
|---|---|---|
| ROIC | 92.6% | Above industry average |
| FCF Margin | 44.3% | Strong cash generation |
| Debt/Equity | 0.0x | Conservative leverage |
ROIC 92.6% — Top 5% of sector peers. FCF margin 44.3% — Top 5%.
Explore MICRON TECHNOLOGY INC: Earnings History | Overview
Programmatic access: Available via MCP at mcp.metricduck.com. Tools for MU: get_company_overview, get_filing_index (lens: debt_stress, management_outlook, risk_trajectory), get_filing_section, get_metric_history, compare_companies, screen_filing_signals.
Profitability: MICRON TECHNOLOGY INC earns 92.6% ROIC, Top 5% in Technology
ROIC TTM 92.6%, sector median 4.4%, Top 5%. DuPont: NOPAT margin 63.5% × asset turnover 1.2x. Gross margin 80.7%. Operating margin 74.6%. Source: 10-K filed 2026-10-09.
| Metric | MU | Rating | Context |
|---|---|---|---|
| Return on Invested Capital (ROIC) | 92.6% | Excellent | Above sector median of 4.4% |
| Return on Equity (ROE) | 103.5% | Excellent | Efficient use of shareholder equity |
| Gross Margin | 80.7% | Excellent | Strong pricing power |
| Operating Margin | 74.6% | Excellent | Efficient operations |
Cash Flow: MICRON TECHNOLOGY INC generates $59.0B FCF at 44.3% margin, positive NaN/8 quarters
FCF TTM $59.0B. FCF margin 44.3%, Top 5%. OCF/Net income 1.1x. Positive FCF in NaN/8 trailing quarters. Source: 10-K filed 2026-10-09.
| Metric | MU | Rating | Context |
|---|---|---|---|
| Free Cash Flow Margin | 44.3% | Excellent | Excellent cash conversion |
| Free Cash Flow (TTM) | $59.0B | Good | Positive cash generation |
| OCF/Net Income | 1.1x | Excellent | High earnings quality |
| FCF Consistency (8Q) | N/A | Warning | Variable cash flow |
Balance Sheet: MICRON TECHNOLOGY INC at 0.0x leverage, 937.2x interest coverage
Debt/Equity 0.0x. Net cash $38.3B. Interest coverage 937.2x. Source: 10-K filed 2026-10-09.
| Metric | MU | Rating | Context |
|---|---|---|---|
| Debt to Equity | 0.0x | Excellent | Conservative capital structure |
| Net Cash Position | $38.3B | Excellent | Net cash positive |
| Interest Coverage | 937.2x | Excellent | Comfortable debt service |
Valuation: MICRON TECHNOLOGY INC trades at 10.6x earnings
P/E 10.6x. EV/Sales 6.5x. FCF yield 6.5%. Dividend yield 0.1%. Source: 10-K filed 2026-10-09.
| Metric | MU | Rating | Context |
|---|---|---|---|
| P/E Ratio | 10.6x | Adequate | Reasonable valuation |
| EV/Sales | 6.5x | Adequate | Growth premium priced in |
| FCF Yield | 6.5% | Good | Attractive cash return |
| Dividend Yield | 0.1% | Adequate | Growth focus over income |
Capital Allocation: MICRON TECHNOLOGY INC returns 0.1% shareholder yield
Total shareholder yield 0.1% (div 0.1% + buyback 0.1%). Share count +0.8% YoY. Capital returned $1.3B TTM. Source: 10-K filed 2026-10-09.
| Metric | MU | Rating | Context |
|---|---|---|---|
| Total Shareholder Yield | 0.1% | Adequate | Dividend + buyback yield combined |
| Buyback Yield | 0.1% | Adequate | Minimal buyback activity |
| Share Count Change (YoY) | 0.8% | Adequate | Net dilution from issuance/SBC |
| Total Capital Returned (TTM) | $1.3B | Good | Dividends + buybacks returned to shareholders |
Sector Rankings
| Metric | Value | Percentile | vs Median |
|---|---|---|---|
| Return on Invested Capital (ROIC) | 92.6% | Top 5% | 21.0x above |
| Free Cash Flow Margin | 44.3% | Top 5% | 4.4x above |
| Gross Margin | 80.7% | Top 25% | 1.6x above |
| Operating Margin | 74.6% | Top 5% | 15.7x above |
| Return on Equity (ROE) | 103.5% | Top 5% | 16.6x above |
| P/E Ratio | 10.6x | N/A | - |
Financial Scorecard
| Metric | MU | Rating | Sector Context |
|---|---|---|---|
| Return on Invested Capital (ROIC) | 92.6% | Excellent | Top 5% of sector (median: 4.4%) |
| Free Cash Flow Margin | 44.3% | Excellent | Top 5% of sector (median: 10.1%) |
| Gross Margin | 80.7% | Excellent | Top 25% of sector (median: 50.8%) |
| Debt to Equity Ratio | 3.7% | Excellent | Conservative capital structure |
| P/E Ratio (Price-to-Earnings) | 10.6x | Adequate | Attractively valued |
| Free Cash Flow Yield | 6.5% | Good | Solid cash yield |
Frequently Asked Questions
Q: What is MICRON TECHNOLOGY INC's Return on Invested Capital (ROIC)?
MICRON TECHNOLOGY INC (MU) has a trailing twelve-month Return on Invested Capital (ROIC) of 92.6%. The 8-quarter median ROIC is 24.8% with a improving trend. Sector median 4.4%. Source: 10-K filed 2026-10-09.
Q: What is MICRON TECHNOLOGY INC's Free Cash Flow Margin?
MICRON TECHNOLOGY INC (MU) has a free cash flow margin of 44.3%, generating $59.0 billion in free cash flow over the trailing twelve months. Source: 10-K filed 2026-10-09.
Q: What is MICRON TECHNOLOGY INC's P/E ratio and how does it compare to peers?
MICRON TECHNOLOGY INC (MU) trades at a P/E ratio of 10.6x, which is above the sector median of N/A. EV/Sales 6.5x. FCF yield 6.5%. Source: 10-K filed 2026-10-09.
Q: Does MICRON TECHNOLOGY INC pay a dividend?
MICRON TECHNOLOGY INC (MU) currently pays a dividend yield of 0.1%. Total shareholder yield (dividend + buybacks) 0.1%. Source: 10-K filed 2026-10-09.
Q: What is MICRON TECHNOLOGY INC's revenue and earnings growth?
MICRON TECHNOLOGY INC (MU) grew revenue by 256.3% year-over-year. EPS +879.8% YoY. Source: 10-K filed 2026-10-09.
Q: Is MICRON TECHNOLOGY INC buying back stock?
MICRON TECHNOLOGY INC (MU) repurchased $650.0 million of stock over the trailing twelve months. This represents a buyback yield of 0.1%. Share count +0.8% YoY. Source: 10-K filed 2026-10-09.
Q: How does MICRON TECHNOLOGY INC compare to competitors in Technology?
Compared to other companies in Technology, MICRON TECHNOLOGY INC (MU) shows: ROIC 92.6%, sector median 4.4% (Top 5%). FCF margin 44.3%, sector median 10.1% (Top 5%). Gross margin 80.7%, 29.9pp above sector median. These rankings are based on MetricDuck's analysis of all Technology companies with available SEC filings.
Q: What warning signs should I watch for with MICRON TECHNOLOGY INC?
No quantitative warning flags fired for MICRON TECHNOLOGY INC (MU) on margin trend, FCF trend, ROIC trend, or leverage thresholds. Source: 10-K filed 2026-10-09.
Data Source: Data sourced from 10-K filed 2026-10-09. TTM metrics as of Q3 2026.
Methodology: Financial metrics calculated from SEC 10-K and 10-Q filings using standardized formulas. Sector comparisons use peer group based on SIC code.
Scope: This analysis covers SEC filing fundamentals — profitability, cash flow, balance sheet, and valuation metrics. For analyst estimates and price targets, consult sell-side research.
This analysis is for informational purposes only and does not constitute investment advice.
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