Micron Technology, Inc. — Earnings Quality Grade C
MU · Technology
Some red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 70 days, change -9 days YoY
AR growth 32.2% vs revenue growth 48.9%
Revenue 48.9%, CFFO 106.0%. Cash follows revenue
Expense Quality
Inventory -5.9% vs COGS 15.4%. Normal
CapEx growth 89.1% vs revenue 48.9%. Normal
SG&A/Gross Profit = 8.1%, excellent (<30%)
Gross margin swung +17.4pp (22.4% → 39.8%)
Cash Flow Quality
CFFO/NI = 2.05. Profits backed by cash
FCF < 50% of Net Income for 2 years
Accruals ratio = -10.9%. Low accruals
Cash $10.3B covers 67% of debt $15.3B
Balance Sheet Health
Goodwill+Intangibles $1.6B = 3% of equity. Manageable
Debt/EBITDA = 0.8x. Healthy
Other assets 83.3% vs revenue 48.9%. Normal
Write-offs normal
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 2% YoY. Normal
Manipulation Score
M-Score = -2.73 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-08