Ferromagnetic spin polarization carried by mobile electrons rather than a separate fixed-spin lattice. A homogeneous spin field splits the electron bands and competes with a positive field cost. Mean-field instability is governed by the Stoner criterion; the ordered metal supports transverse spin waves as well as fermionic particle-hole excitations.
Spin reversal in exchange-split bands creates an electron-hole excitation with energy for a majority-to-minority flip in the simple uniform model with . Its allowed continuum depends on occupied initial and empty final states. At all such allowed transitions have exchange energy ; finite momentum changes the thresholds. A collective ferromagnetic magnon can remain gapless below this continuum when spin rotation is exact. The continuum is not the same excitation as a longitudinal amplitude mode.
An isotropic spin-polarized metal has a degenerate magnetization direction and a long-wavelength transverse magnon with quadratic dispersion. Nonzero spin density pairs the two transverse broken generators into one type-B Goldstone boson. Exchange-split Fermi surfaces also support fermionic low-energy excitations; the magnon is distinct from longitudinal amplitude motion and the spin-flip continuum.
In the homogeneous spin-vector mean-field scheme with field cost and spin-summed density of states per site, the paramagnetic curvature is proportional to . It changes sign at . For a smooth low-temperature density of states, , giving the familiar Fermi-level criterion. Interaction and spin-counting conventions must be specified before comparing coefficients.
For a uniform exchange field with cost and spin-band energies , the grand potential is even in M. Its curvature at zero field is , with and spin-summed density of states per site. Negative curvature proves local paramagnetic instability. It does not by itself exclude a first-order transition before that instability, nor determine the stable finite-field amplitude.
For a three-dimensional zero-temperature parabolic Fermi gas, let and . Suppose the interaction energy per electron is . The total energy per electron is
Its Taylor expansion has quadratic coefficient and positive quartic coefficient . Hence the unpolarized state loses stability at . This has units of energy. It differs from a contact coupling defined by interaction-energy density , for which and . Normalization must be fixed before comparing critical couplings. For , convexity of implies , so the unpolarized minimum is a global minimum; a first-order polarized minimum does not pre-empt this threshold in the stated model.
Let be the single-spin density of states per site per energy, and let the on-site Hubbard model repulsion have energy . For a weak uniform magnetic field , the half-splitting of the two spin bands is , where . Constant density of states gives . Therefore
This is the response per site; multiplying by the site number density gives the dimensionless SI volume magnetic susceptibility. With spin-summed density of states , the denominator is . Its vanishing is the mean-field Stoner criterion. The unpolarized linear-response expression is stable only for .
For an interaction-energy density , let , at fixed total carrier density. If is the unpolarized single-spin density of states per unit volume, the kinetic-energy cost of the two occupation shifts is , whereas the interaction changes by . Therefore
For the three-dimensional free electron model, and . Both the interaction normalization and the spin counting in the density of states must be specified when quoting a Stoner criterion.
Integrating free fermions in a constant auxiliary spin field gives . Differentiation gives the self-consistent spin polarization. The extensive action is a mean-field restriction of the full auxiliary-field functional integral, not an exact omission of all spatial/time fluctuations.

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