Micron Technology, Inc.

MU Technology Semiconductors

Micron Technology, Inc.’s revenue for fiscal 2026 (year ended August 2026) was $133.2 billion, up 256.3% from fiscal 2025. In the quarter to August 2026, revenue grew 379.3%, EPS grew 1,066.4%, free cash flow grew 45,543.1% and total debt fell 64.5%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for five consecutive years, revenue growth for three, operating cash flow growth for three; insiders bought in the last twelve months.

878.84 52.40 −5.63%
Market cap
$1.05T
P/E
11.7×
Fwd P/E
14.7×
Dividend yield
0.06%
F-score
8/9
Altman Z
14.96
Beneish M
0.34
Dividend safety
82/100

Micron Technology, Inc. (MU) Price to free cash flow

Alert me on Price to free cash flow

As of 16 October 2026, Micron Technology, Inc. (MU) trades at a price to free cash flow of 16.8×. Over the past ten years it has ranged from 0.0× (August 2024) to 1,036× (November 2024); the current reading is higher than 63% of that period. That is below the Semiconductors industry median of 48.3× and below the Technology sector median of 20.0×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2026 18.3× (76.88%)
FY2025 79.3× (90.20%)
FY2024 809× —
FY2023 0.0× —
FY2022 15.7× (53.61%)
FY2021 33.9× (94.44%)
FY2020 609× 4,039.79%
FY2019 14.7× 107.05%
FY2018 7.1× (30.27%)
FY2017 10.2× —

Quarterly newest first

Period Price to free cash flow Change
Aug 2026 18.3× (58.94%)
May 2026 44.6× (1.25%)
Feb 2026 45.2× (22.28%)
Nov 2025 58.2× (26.64%)
43 more quarters

Against its own ten years

Low 0.0× High 1,036×
Ten-year median 9.8×
Current reading's percentile 63

Price to free cash flow against peers

Company Price to free cash flow
MU Micron Technology, Inc. 16.8×
AVGO Broadcom Inc. compare 39.8×
NVDA NVIDIA Corporation compare 40.8×
TXN Texas Instruments Incorporated compare 46.8×
TSM Taiwan Semiconductor Manufacturing Company Ltd. compare 60.3×
AMD Advanced Micro Devices, Inc. compare 103×
MRVL Marvell Technology, Inc. compare 119×
ARM ARM Holdings PLC Sponsored ADR compare 165×
INTC Intel Corporation compare 183×
Semiconductors industry median 48.3×
Technology sector median 20.0×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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