What is Micron Technology, Inc. (MU) DCF Fair Value and Intrinsic Value in 2026?

Micron Technology, Inc. (MU) intrinsic value is calculated using conservative multi-stage Discounted Cash Flow (DCF) models, 5-year free cash flow trajectories, Graham Numbers, and owner earnings multiples. LocalAlpha tracks real-time margin of safety against live market prices.

What is Micron Technology, Inc.'s historical Return on Invested Capital (ROIC) and Moat Rating?

Micron Technology, Inc. operates in the Technology sector (Semiconductors) with an economic moat rating of NONE. LocalAlpha tracks 5-year audited quarterly ROIC, operating margin stability, and balance sheet solvency ratios.

What is Micron Technology, Inc.'s financial health rating and Piotroski F-Score?

Micron Technology, Inc.'s balance sheet quality is evaluated using the 9-point Piotroski F-Score, Altman Z-Score solvency model, debt-to-equity ratio, and quick/current liquidity coverage to guard against financial distress.

How does LocalAlpha monitor Micron Technology, Inc. (MU) for quarterly SEC filing thesis breaks?

LocalAlpha audits Micron Technology, Inc.'s 10-K, 10-Q, and 8-K regulatory filings on SEC EDGAR within 15 minutes of release. If reported metrics breach an investor's custom ROIC floor, operating margin boundary, or qualitative risk criteria, an autonomous breach audit is dispatched immediately.

StocksMU

MU

Micron Technology, Inc.Technology / SemiconductorsINTACT

Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Japan, Mainland China, Hong Kong, Europe, and internationally. It operates through the Cloud Memory Business Unit; Core Data Center Business Unit; Mobile and Client Business Unit; and Automotive and Embedded Business Unit segments. The company provides memory products, including dynamic random access memory components and modules, CXL-based memory, LPDDR components and modules, graphics memory, high-bandwidth memory, and data center memory products; multichip packages (MCP) comprising embedded multimedia card-based, universal flash storage-based, and NAND-based MCPs; and technology leadership products that include 1y DRAM and G9 NAND technologies. It also offers storage products, such as data center solid-state drives (SSD), client SSD storage, and auto and industrial SSD storage; managed NAND; NAND flash; NOR flash; and memory cards. In addition, the company provides design tools, including FBGA and part decoders; DRAM power calculators; NAND power calculators; simulation models; chipset compatibility guides; serial presence-detection tools; cross-reference tools; UFSparm; SSD firmware; software and drivers; storage executive software; and obsolete part catalogs. It markets its semiconductor memory and storage products under the Micron and Crucial brands. The company serves the data center, PC, graphics, networking, automotive, industrial, and consumer embedded markets, as well as the smartphone and other mobile-device markets. It sells its products through its direct sales force, independent sales representatives, distributors, and retailers; web-based customer direct sales channel; and channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.

Share Price

$975.26

52W: $154.65 - $1255

DCF Fair Value

$233.41

-317.8% Premium

Thesis Hub

P/E (TTM)

22.1x

ROIC

60.3%

Operating Margin

80.4%

FCF Yield

0.7%

Debt / Equity

0.06x

Piotroski Score

7/9

Altman Z-Score

3.13

Market Cap

$1101.5B

Price vs. Intrinsic Value Corridor

Overvalued vs DCF ($233.41)

Historical market price overlaid against conservative DCF Fair Value & Benjamin Graham Margin of Safety bands.

Period Return (1Y)

—()

Period Range

$— - $—

DCF Fair Value

$233.41

MOS Buy Target (-25%)

$175.06

Valuation Overlays: DCF Fair Value ($233.41) 25% MOS Buy Target ($175.06) Revised Graham ($1559.19) Graham Number ($297.80)

2-Stage Discounted Cash Flow (DCF) Workbench

Conservative intrinsic value model based on owner cash generation over a 10-year investment horizon. Opens with LocalAlpha's baseline assumptions (matching the fair value shown above) — adjust any input to stress-test.

Current Market Price

$975.26

DCF Fair Value

$233.45

-317.8% Premium

Starting Free Cash Flow ($M)$7,639M

$100M$7,639M (Reported)$50,000M

Stage 1 Growth (Years 1-5)18.0%

-5%10% (Target)35%

Stage 2 Growth (Years 6-10)4.5%

0%5%20%

Discount Rate (WACC / Hurdle)9.0%

6%9% (Standard)15% (High Risk)

Terminal Perpetual Growth2.5%

1% (GDP Floor)2.5% (Inflation)4.0%

Net Debt ($M)-$19,600M (Net Cash)

-$100B CashBalance Sheet+$150B Debt

10-Yr PV of Cash Flows

$98.9B

PV of Terminal Value

$145.1B

Implied Enterprise Value

$244.0B

Implied Equity Value

$263.6B

Year	Yr 1	Yr 2	Yr 3	Yr 4	Yr 5	Yr 6	Yr 7	Yr 8	Yr 9	Yr 10
Projected FCF ($M)	$9,014	$10,637	$12,551	$14,810	$17,476	$18,263	$19,084	$19,943	$20,841	$21,779
Present Value (PV)	$8,270	$8,953	$9,692	$10,492	$11,358	$10,889	$10,440	$10,009	$9,596	$9,199

Benjamin Graham & Buffett Value Models

Classical deep value metrics based on asset backing, normalized earnings power, and owner cash yield.

Graham Number-227.5% Premium

$297.81

Calculated as √(22.5 × EPS × BVPS). The maximum theoretical price a defensive investor should pay based purely on asset book value and current earnings.

EPS: $44.18BVPS: $89.22

Revised Graham Formula+37.5% MoS

$1559.19

Formula: V = (EPS × (8.5 + 2g) × 4.4) / Y where g is the conservative 7-10 yr growth rate and Y is AAA Bond Yield.

Growth Rate (g%)

Bond Yield (Y%)

Buffett Owner Earnings0.7% Yield

$6.43 / share

True distributable cash flow: Net Income + D&A - Maintenance CapEx. Reflects the cash Buffett would extract without hurting unit volume.

Total: $7.3BYield: 0.7%

Reverse DCF: Market Growth Expectation

SPECULATIVE BARRIER

32.4% CAGR (Next 10 Yrs)

At the current price of $975.26, the market is assuming the business will compound Free Cash Flow at 32.4% per year for the next decade with a 9% hurdle rate.

Value Investor Verdict

⚠ High expectations: Leaves minimal margin of safety for operational hiccups.

Autonomous Thesis Underwriting

Surveil MU with Mathematical Margin of Safety Rules

Set non-negotiable floor rules for Micron Technology, Inc.. If a newly filed quarterly 10-Q breaks your ROIC floor, operating margin boundary, or balance sheet leverage rules, receive an autonomous breach audit within 15 minutes.

Buffett Quality

ROIC > 15% • Margin > 15% • D/E < 0.5x

Margin Floor Guard

Current Margin 80.4% • Floor > 10%

Solvency Guard

Altman-Z > 2.6 • Current Ratio > 1.5x

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Frequently Asked Questions: Micron Technology, Inc. (MU) Intrinsic Valuation

Audited fundamentals, DCF intrinsic value sensitivity, and thesis break detection parameters for Micron Technology, Inc..

Based on institutional multi-stage Discounted Cash Flow (DCF) modeling on audited SEC cash flows, Micron Technology, Inc. has an estimated DCF intrinsic fair value of $233.41 per share compared to its current market price of $975.26. This represents an estimated 317.8% premium over fair value. Additionally, its classic Benjamin Graham Number stands at $297.80.