Micron Technology (MU) FCF Margin (2009 - 2026)
Micron Technology's FCF Margin came in at 42.36% for fiscal Q3 2026 (quarter ended May 28, 2026), up 24.40 percentage points from 17.97% a year earlier and up 19.24 percentage points from the prior quarter.
Micron Technology (MU) FCF Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to May 28, 2026, Micron Technology reported FCF Margin of 28.99%, up 23.43 percentage points year-over-year; for FY2025 (ended Aug 28, 2025), it was 4.46%, up 3.98 percentage points from FY2024.
- FCF Margin carries a five-year change of +4.08 percentage points (FY2020 to FY2025).
- Going back by fiscal year, FCF Margin was 0.48% in FY2024 (+39.84 pp), -39.36% in FY2023 (-49.49 pp), 10.12% in FY2022 (+1.32 pp) and 8.80% in FY2021 (+8.41 pp).
- The fiscal Q3 2026 figure represents the highest quarterly FCF Margin in data going back to fiscal Q1 2010.
- Year-over-year, FCF Margin has increased for three consecutive quarters, with an average year-over-year change of +15.48 percentage points over the last eight quarters.
- The fastest year-over-year change in FCF Margin over five years came in fiscal Q2 2024 (a gain of 47.59 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 23.12% (Q2 2026), 22.15% (Q1 2026) and 0.64% (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,638.19 Bn | 5,412.36 Bn | 72.14 Bn | 22.24% |
| 2 | Taiwan Semiconductor Manufacturing | 2,452.80 Bn | 2,078.51 Bn | 27.22 Bn | - |
| 3 | Broadcom | 1,695.44 Bn | 1,621.48 Bn | 20.46 Bn | 46.18% |
| 4 | Micron Technology | 1,213.55 Bn | 1,152.31 Bn | 35.06 Bn | 42.36% |
| 5 | Advanced Micro Devices | 1,034.54 Bn | 991.29 Bn | 6.20 Bn | 13.51% |
| 6 | Asml Holding | 719.69 Bn | 675.53 Bn | 5.90 Bn | - |
| 7 | Intel | 601.78 Bn | 486.52 Bn | 6.51 Bn | 27.59% |
| 8 | Lam Research | 434.81 Bn | 411.60 Bn | 3.48 Bn | 18.87% |
| 9 | Applied Materials | 428.57 Bn | 394.02 Bn | 4.59 Bn | 25.56% |
| 10 | Arm Holdings | 326.25 Bn | 311.96 Bn | 1.25 Bn | 85.26% |
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 2, 2021 | 22.59% |
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();