Micron Technology, Inc.
MUNASDAQ
$866.68
Last price · USD
- Market cap
- $990.6B
- P/E
- 11.7x
- EV / EBITDA
- 8.8x
- P/S
- 7.4x
- FCF yield
- 6.0%
- Div. yield
- 0.06%
Multiples use last price and FY2026 annual figures. Market cap estimated from diluted shares.
Micron Technology, Inc. cash flow statement
Annual · USD millions except per-share data · 36 lines
| Fiscal year | 2026 | 2025 | 2024 | 2023 | 2022 | CAGR | |
|---|---|---|---|---|---|---|---|
| Operating activities | |||||||
| Net income | 84,969 | 8,539 | 778 | (5,833) | 8,687 | +76.8% | |
| Depreciation & amortization | 9,503 | 8,352 | 7,780 | 7,756 | 7,116 | +7.5% | |
| Deferred income tax | 0 | 0 | 0 | 1,932 | 0 | — | |
| Stock-based compensation | 1,333 | 972 | 833 | 596 | 514 | +26.9% | |
| Change in working capital | (6,130) | (338) | (1,165) | (2,896) | (1,263) | — | |
| Accounts receivables | (25,206) | (1,776) | (3,581) | 2,763 | 190 | — | |
| Inventory | (2,017) | 520 | (488) | (3,555) | (2,179) | — | |
| Accounts payables | 8,707 | 862 | 1,915 | (2,104) | 744 | +85.0% | |
| Other working capital | 12,386 | 56 | 989 | (7) | (18) | — | |
| Other non-cash items | 0 | 0 | 281 | 4 | 127 | — | |
| Net cash from operating activities | 89,675 | 17,525 | 8,507 | 1,559 | 15,181 | +55.9% | |
| Operating cash flow | 89,675 | 17,525 | 8,507 | 1,559 | 15,181 | +55.9% | |
| Investing activities | |||||||
| Investments in PP&E | 0 | (15,857) | (8,386) | (7,676) | (12,067) | — | |
| Capital expenditure | (30,712) | (15,857) | (8,386) | (7,676) | (12,067) | — | |
| Acquisitions, net | 0 | 0 | 0 | 0 | 888 | — | |
| Purchases of investments | (35,917) | (1,890) | (1,999) | (723) | (1,770) | — | |
| Sales / maturities of investments | 1,988 | 1,698 | 1,794 | 1,591 | 1,615 | +5.3% | |
| Other investing activities | (27,712) | 1,962 | 282 | 617 | (251) | — | |
| Net cash from investing activities | (61,641) | (14,087) | (8,309) | (6,191) | (11,585) | — | |
| Financing activities | |||||||
| Net debt issuance | (10,043) | (189) | (898) | 5,955 | (32) | — | |
| Long-term net debt issuance | (10,043) | (189) | (898) | 5,955 | (32) | — | |
| Net stock issuance | (1,777) | 0 | (300) | (425) | (2,557) | — | |
| Common stock repurchased | (1,777) | 0 | (300) | (425) | (2,432) | — | |
| Net common stock issuance | (1,777) | 0 | (300) | (425) | (2,432) | — | |
| Common dividends paid | (610) | (522) | (513) | (504) | (461) | — | |
| Net dividends paid | (610) | (522) | (513) | (504) | (461) | — | |
| Net preferred stock issuance | 0 | 0 | 0 | 0 | (125) | — | |
| Other financing activities | 13,060 | (139) | (131) | (43) | 70 | +269.6% | |
| Net cash from financing activities | 630 | (850) | (1,842) | 4,983 | (2,980) | — | |
| Cash summary | |||||||
| Effect of forex changes on cash | 81 | 6 | 40 | (34) | (106) | — | |
| Net change in cash | 28,745 | 2,594 | (1,604) | 317 | 510 | +174.0% | |
| Cash at beginning of period | 9,646 | 7,052 | 8,656 | 8,339 | 7,829 | +5.4% | |
| Cash at end of period | 38,391 | 9,646 | 7,052 | 8,656 | 8,339 | +46.5% | |
| Free cash flow | 58,963 | 1,668 | 121 | (6,117) | 3,114 | +108.6% | |
| Income taxes paid | 0 | 583 | 338 | 532 | 493 | — | |
| Interest paid | 0 | 418 | 503 | 323 | 154 | — | |