MU · News · 20261021N
Capital Allocation
MICRON TECHNOLOGY INC · 2026-10-21 · Importance 50 · Surprise 42 · In source text
Micron spent $650 million on share repurchases in fiscal 2026. Its board approved a buyback authorization of up to $35.16 billion, with repurchases expected to begin in early December 2026. The company reportedly ended fiscal 2026 with $73.48 billion in cash, marketable investments and restricted cash, providing substantial funding for the authorization.
Key facts
- Earlier this month, its board approved a buyback of up to $35.16 billion, starting in early December. source
- Micron Technology (NASDAQ:MU) spent only $650 million on share repurchases in fiscal 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -15.3% | Earlier this month, its board approved a buyback of up to $35.16 billion, starting in early December. |