MICRON TECHNOLOGY INC (MU) Stock Analysis

Analysis from 10-Q filed 2025-12-18. Data as of Q2 2026.

Overall Grade: F (Concerning)

Grade F (Concerning). ROIC 65.7%. FCF margin 29.0%. D/E 0.1x. Source: 10-Q filed 2025-12-18.

Metric	Value	Context
ROIC	65.7%	Above industry average
FCF Margin	29.0%	Strong cash generation
Debt/Equity	0.1x	Conservative leverage

ROIC 65.7% — Top 5% of sector peers. FCF margin 29.0% — Top 25%.

Explore MICRON TECHNOLOGY INC: Earnings History | Filings

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_changes, get_metric_history, compare_companies, screen_filing_signals.

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Profitability: MICRON TECHNOLOGY INC earns 65.7% ROIC, Top 5% in Technology

ROIC TTM 65.7%, sector median 3.5%, Top 5%. DuPont: NOPAT margin 56.1% × asset turnover 1.0x. Gross margin 72.6%. Operating margin 65.6%. Source: 10-Q filed 2025-12-18.

Metric	MU	Rating	Context
Return on Invested Capital (ROIC)	65.7%	Excellent	Above sector median of 3.5%
Return on Equity (ROE)	77.3%	Excellent	Efficient use of shareholder equity
Gross Margin	72.6%	Excellent	Strong pricing power
Operating Margin	65.6%	Excellent	Efficient operations

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Cash Flow: MICRON TECHNOLOGY INC generates $26.2B FCF at 29.0% margin, positive NaN/8 quarters

FCF TTM $26.2B. FCF margin 29.0%, Top 25%. OCF/Net income 1.0x. Positive FCF in NaN/8 trailing quarters. Source: 10-Q filed 2025-12-18.

Metric	MU	Rating	Context
Free Cash Flow Margin	29.0%	Excellent	Excellent cash conversion
Free Cash Flow (TTM)	$26.2B	Good	Positive cash generation
OCF/Net Income	1.0x	Excellent	High earnings quality
FCF Consistency (8Q)	N/A	Warning	Variable cash flow

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Balance Sheet: MICRON TECHNOLOGY INC at 0.1x leverage

Debt/Equity 0.1x. Net cash $20.3B. Source: 10-Q filed 2025-12-18.

Metric	MU	Rating	Context
Debt to Equity	0.1x	Excellent	Conservative capital structure
Net Cash Position	$20.3B	Excellent	Net cash positive

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Valuation: MICRON TECHNOLOGY INC trades at 20.6x earnings

P/E 20.6x. EV/Sales 11.5x. FCF yield 2.5%. Dividend yield 0.1%. Source: 10-Q filed 2025-12-18.

Metric	MU	Rating	Context
P/E Ratio	20.6x	Adequate	Premium valuation
EV/Sales	11.5x	Warning	Growth premium priced in
FCF Yield	2.5%	Adequate	Lower cash yield
Dividend Yield	0.1%	Adequate	Growth focus over income

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Capital Allocation: MICRON TECHNOLOGY INC returns 0.1% shareholder yield

Total shareholder yield 0.1% (div 0.1% + buyback 0.1%). Capital returned $1.2B TTM. Source: 10-Q filed 2025-12-18.

Metric	MU	Rating	Context
Total Shareholder Yield	0.1%	Adequate	Dividend + buyback yield combined
Buyback Yield	0.1%	Adequate	Minimal buyback activity
Total Capital Returned (TTM)	$1.2B	Good	Dividends + buybacks returned to shareholders

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Sector Rankings

Metric	Value	Percentile	vs Median
Return on Invested Capital (ROIC)	65.7%	Top 5%	18.5x above
Free Cash Flow Margin	29.0%	Top 25%	3.4x above
Gross Margin	72.6%	Top 25%	1.5x above
Operating Margin	65.6%	Top 5%	14.7x above
Return on Equity (ROE)	77.3%	Top 5%	14.3x above
P/E Ratio	20.6x	N/A	-

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Financial Scorecard

Metric	MU	Rating	Sector Context
Return on Invested Capital (ROIC)	65.7%	Excellent	Top 5% of sector (median: 3.5%)
Free Cash Flow Margin	29.0%	Excellent	Top 25% of sector (median: 8.5%)
Gross Margin	72.6%	Excellent	Top 25% of sector (median: 49.9%)
Debt to Equity Ratio	5.7%	Excellent	Conservative capital structure
P/E Ratio (Price-to-Earnings)	20.6x	Adequate	Fair value
Free Cash Flow Yield	2.5%	Warning	Growth-focused valuation

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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 65.7%. Sector median 3.5%. Source: 10-Q filed 2025-12-18.

Q: What is MICRON TECHNOLOGY INC's Free Cash Flow Margin?

MICRON TECHNOLOGY INC (MU) has a free cash flow margin of 29.0%, generating $26.2 billion in free cash flow over the trailing twelve months. Source: 10-Q filed 2025-12-18.

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 20.6x, which is above the sector median of N/A. EV/Sales 11.5x. FCF yield 2.5%. Source: 10-Q filed 2025-12-18.

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-Q filed 2025-12-18.

Q: What is MICRON TECHNOLOGY INC's revenue and earnings growth?

MICRON TECHNOLOGY INC (MU) grew revenue by 167.0% year-over-year. EPS +706.1% YoY. Source: 10-Q filed 2025-12-18.

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%. Source: 10-Q filed 2025-12-18.

Q: How does MICRON TECHNOLOGY INC compare to competitors in Technology?

Compared to other companies in Technology, MICRON TECHNOLOGY INC (MU) shows: ROIC 65.7%, sector median 3.5% (Top 5%). FCF margin 29.0%, sector median 8.5% (Top 25%). Gross margin 72.6%, 22.7pp 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-Q filed 2025-12-18.

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Data Source: Data sourced from 10-Q filed 2025-12-18. TTM metrics as of Q2 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.