Micron Technology, Inc.

MUNASDAQTechnology● Active

$864.01

$-131.99(-13.25%)

Market Cap$974.4B

P/E Ratio—

52W High$1089.29

52W Low$103.38

Avg Volume48.3M

Open$944.54

Beta2.17

Free Cash Flow Financials Revenue

Micron Technology, Inc. (MU) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

MU · free cash flow · updated Jun 8, 2026

Core FCF metrics

MU · FCF · TTM · margin & CAGR

Free cash flow was $1.67B for FY2025 (fiscal year ending 2025-08-28), up 1278.5% year-over-year The FCF margin was 4.5%. Five-year CAGR stands at +82.2%.

FY2025 Free Cash Flow$1.67B▲ +1278.5% YoY

Trailing 12M (TTM)$10.28Btrailing 4 quarters sum

FCF Margin4.5%$1.67B ÷ revenue

3-Year CAGR-18.8%FY2022 → FY2025

5-Year CAGR+82.2%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

MU · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$17.52B(15.86B)$1.67B▲ +1278.5%4.5%

FY2024$8.51B(8.39B)$121.0M▲ +102.0%0.5%

FY2023$1.56B(7.68B)−$6.12B▼ 296.4%-39.4%

FY2022$15.18B(12.07B)$3.11B▲ +27.7%10.1%

FY2021$12.47B(10.03B)$2.44B▲ +2837.3%8.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

MU · P/FCF · FCF yield · FCF per share

Micron Technology, Inc. (MU) trades at a FCF yield of 1.06% and a price-to-free-cash-flow ratio of 93.8x. FCF per share stands at $9.21, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

1.06%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$9.21

TTM FCF ÷ Shares Outstanding

Price / FCF

x93.8

Share Price ÷ FCF per Share

EV / FCF (TTM)

x94.6

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-08-28

Cash flow statement summary

MU · cash flow statement · operating / investing / financing

For FY2025, Micron Technology, Inc. generated $17.52B in operating cash flow and spent 15.86B in capital expenditures, yielding $1.67B in free cash flow.

Operating Activities

+$17.52B

Cash from core business operations

2025-08-28

Investing Activities

−$14.09B

CapEx, acquisitions & investments

2025-08-28

Financing Activities

−$850.0M

Buybacks, dividends & debt

2025-08-28

FCF FormulaOperating CF ($17.52B) − |CapEx| (15.86B) = FCF ($1.67B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

MU vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Micron Technology, Inc.YOU

$1.67B+1278.5%4.5%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Micron Technology, Inc. (MU) reported free cash flow of $1.67B for FY2025 (fiscal year ending 2025-08-28), up 1278.5% year-over-year. The FCF margin was 4.5%.

Based on available data, Micron Technology, Inc. has maintained positive free cash flow for at least 12 fiscal year(s). FCF peaked at $8.31B in FY2018. The 5-year CAGR stands at +82.2%.

Micron Technology, Inc.'s FCF yield is 1.06% and price-to-FCF ratio is 93.8x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

MU free cash flow · 8 questions

Micron Technology, Inc. free cash flow was $1.67B for FY2025, up 1278.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $10.28B.

MU free cash flowMU FCFMU FCF 2025MU free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Micron Technology, Inc. · Micron Technology, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026