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Micron Technology MU Free cash flow

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Other financials

Income statement

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Revenue$41.5B+346%
Gross profit$35.1B+899%
Operating income$33.3B+1,436%
Net income$28.2B+1,398%
EPS (diluted)$24.67+1,368%

Balance sheet

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Cash & equivalents$25.0B+146%
Total debt$5.7B-70.4%
Total equity$100.72B+98.5%
Total assets$134.11B+71.1%

Cash flow

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Operating cash flow$25.4B+451%
CapEx$7.8B+166%

Valuation

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Market cap$1.37T+892%
Enterprise value$1.35T+810%
P/E27.2×-2.4×
P/S15.2×+10.8×

Profitability

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Gross margin72.6%+35.4pp
Operating margin65.6%+43.0pp
Net margin55.9%+37.5pp
FCF margin29%+23.4pp

Returns & leverage

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Return on equity66.6%+53.5pp
Debt / equity0.1×-0.3×
Current ratio3.4×+0.7×

Where this comes from

Reported directly by Micron Technology in its filing.

The official record: Micron Technology’s 8-K, filed June 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Micron Technology's free cash flow?
Micron Technology (MU) reported free cash flow of $17.56B in Q2 2026.
How has Micron Technology's free cash flow changed year-over-year?
Micron Technology's free cash flow increased by 951.0% year-over-year, from $1.67B to $17.56B.
What is the long-term trend for Micron Technology's free cash flow?
Over 4 years (2021 to 2025), Micron Technology's free cash flow has grown at a -9.1% compound annual growth rate (CAGR), from $2.44B to $1.67B.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.