Micron Technology (MU) FCF Margin (2009 - 2026)
Micron Technology's FCF Margin came in at 60.60% for fiscal Q4 2026 (quarter ended Sep 3, 2026), up 59.96 percentage points from 0.64% a year earlier and up 18.24 percentage points from the prior quarter.
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Analysis
Micron Technology (MU) FCF Margin (2009 - 2026) Analysis & Trends
For FY2026 (ended Sep 3, 2026), Micron Technology's FCF Margin was 44.27%, up 39.81 percentage points from FY2025.
- FCF Margin has increased in each of the last three fiscal years, with a five-year change of +35.47 percentage points (FY2021 to FY2026).
- Going back by fiscal year, FCF Margin was 4.46% in FY2025 (+3.98 pp), 0.48% in FY2024 (+39.84 pp), -39.36% in FY2023 (-49.49 pp) and 10.12% in FY2022 (+1.32 pp).
- The fiscal Q4 2026 figure represents the highest quarterly FCF Margin in data going back to fiscal Q1 2010.
- Year-over-year, FCF Margin has increased for four consecutive quarters, with an average year-over-year change of +18.74 percentage points over the last eight quarters.
- The fastest year-over-year change in FCF Margin over five years came in fiscal Q4 2026 (a gain of 59.96 percentage points), and the weakest in fiscal Q2 2023 (a drop of 63.48 percentage points).
- Business Quant data shows MU's FCF Margin at 42.36% (Q3 2026), 23.12% (Q2 2026) and 22.15% (Q1 2026) in the three fiscal quarters before Q4 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,084.14 Bn | 4,858.30 Bn | 72.14 Bn | 22.24% |
| 2 | Taiwan Semiconductor Manufacturing | 2,168.94 Bn | 1,795.12 Bn | 27.22 Bn | 61.66% |
| 3 | Broadcom | 1,535.70 Bn | 1,461.75 Bn | 20.46 Bn | 46.18% |
| 4 | Micron Technology | 992.51 Bn | 898.15 Bn | 47.05 Bn | 60.60% |
| 5 | Advanced Micro Devices | 843.40 Bn | 800.15 Bn | 6.20 Bn | 13.51% |
| 6 | Asml Holding | 605.80 Bn | 561.49 Bn | 5.90 Bn | - |
| 7 | Intel | 438.54 Bn | 323.27 Bn | 6.51 Bn | 27.59% |
| 8 | Applied Materials | 299.38 Bn | 264.82 Bn | 4.59 Bn | 25.56% |
| 9 | Lam Research | 287.43 Bn | 263.48 Bn | 4.30 Bn | 39.42% |
| 10 | Texas Instruments | 260.14 Bn | 235.01 Bn | 3.89 Bn | 48.82% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 3, 2026 | 60.60% |
| May 28, 2026 | 42.36% |
| Feb 26, 2026 | 23.12% |
| Nov 27, 2025 | 22.15% |
| Aug 28, 2025 | 0.64% |
| May 29, 2025 | 17.97% |
| Feb 27, 2025 | -1.40% |
| Nov 28, 2024 | 0.44% |
| Aug 29, 2024 | 3.68% |
| May 30, 2024 | 5.81% |
| Feb 29, 2024 | -2.83% |
| Nov 30, 2023 | -8.36% |
| Aug 31, 2023 | -30.22% |
| Jun 1, 2023 | -40.96% |
| Mar 2, 2023 | -50.42% |
| Dec 1, 2022 | -36.87% |
| Sep 1, 2022 | 2.47% |
| Jun 2, 2022 | 14.58% |
| Mar 3, 2022 | 13.06% |
| Dec 2, 2021 | 8.76% |
API Access
Micron Technology FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=MU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "MU", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=MU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();