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Micron Technology (MU) Financial Forecast Calculator

Interactive 5-year forecast and DCF for Micron Technology. Adjust revenue growth, gross margin, capex intensity, WACC, and terminal growth - see revenue, free cash flow, and enterprise value update in real time. Seeded from Micron Technology’s most recent SEC filings.

Revenue FY30
$9.31B
from $15.54B
FCF FY30
$688.0M
Margin 7.4%
Enterprise value
$16.69B
1.1× LTM revenue
Equity value
$10.33B
Net debt $6.36B
Revenue & free cash flow - history and 5-year forecast
Line (area)
Bars
Historicals from SEC EDGAR (grey). Forecast years (color) update live as you move the sliders.

Assumptions

Revenue growth (annual)
-9.7%
-10.0%baseline -9.7%40.0%
Gross margin
30.0%
5.0%baseline 30.0%90.0%
Capex % of revenue
40.0%
0.0%baseline 40.0%30.0%
WACC (discount rate)
9.00%
4.0%baseline 9.0%18.0%
Terminal growth
2.50%
0.0%baseline 2.5%5.0%

Need this as an Excel model?

Keep iterating on the Micron Technology forecast in Excel. The downloadable sample has every assumption you see here plus a fully integrated income statement, balance sheet, cash flow, and debt schedule - five years of SEC historicals and live formulas in a fully editable workbook.

income_statement.xlsx
Income statement, brown brand palette
income_statement.xlsx
Income statement, green brand palette
income_statement.xlsx
Income statement, red brand palette

Frequently asked

What does Micron Technology do?+

Micron Technology designs and manufactures advanced semiconductor memory and storage solutions, primarily producing dynamic random-access memory (DRAM) and NAND flash memory. These products are essential for use in data centers, smartphones, personal computers, and automotive applications.

How does Micron Technology generate revenue from its Cloud Memory Business Unit (CMBU)?+

The Cloud Memory Business Unit's revenue is driven by hyperscale server demand, memory content per server, and the blended average selling price. This segment has recently experienced significant growth, including over 250% year-over-year in FY2025, largely due to surging demand for High Bandwidth Memory (HBM) tied to AI graphics processing units.

What are Micron Technology's capital expenditure requirements?+

Micron Technology is an asset-heavy manufacturer with substantial capital expenditure requirements, typically ranging from 30% to 45% of revenue. These investments are crucial for new fabrication facilities, such as mega-fabs in Idaho and New York, and for transitioning to advanced technology nodes like 1-gamma EUV.

What is the purpose of the Micron Technology financial model?+

The Micron Technology financial model evaluates the company's equity valuation and its capacity to generate free cash flow. Its primary goal is to determine if the stock represents an attractive investment for a fundamental equity portfolio, especially considering the highly cyclical nature of the semiconductor memory market.

Can I download an Excel financial model for Micron Technology?+

Yes, an Excel financial model for Micron Technology is available for download. This model provides a forecast horizon from FY2026 through FY2030, allowing users to analyze key financial assumptions and valuation metrics.

What is Micron Technology's competitive position in the semiconductor memory market?+

Micron Technology operates within a consolidated oligopoly, competing primarily with Samsung Electronics and SK Hynix. The company holds the number three global market share position in DRAM and maintains a strong presence in the NAND flash memory market.

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