MU · 10-K · 2026A · Full report

Balance Sheet and Liquidity

MICRON TECHNOLOGY INC · 2026-10-09 · Importance 89 · Surprise 82 · In source text

Cash and marketable investments increased to $73.45 billion at September 3, 2026, from $11.94 billion at August 28, 2025, including $5.12 billion held by foreign subsidiaries. The company received $12.75 billion of customer deposits under strategic customer agreements in fiscal 2026, with nearly all deposits scheduled for repayment between 2029 and 2031. Debt repayments totaled $10.04 billion during fiscal 2026, while $2.00 billion remained available under the revolving credit facility at year-end. Management expects cash, operating cash flow, government incentives, customer deposits, and available financing to cover requirements for at least the next 12 months.

Key facts

• Micron expects that its cash and investments, cash flows from operations, government incentives, customer deposits under strategic customer agreements, and available financing will be sufficient to meet requirements at least through the next 12 months and thereafter for the foreseeable future. source
• Net increase in cash, cash equivalents, and restricted cash for 2026: $28,745 million; for 2025: $2,594 million; for 2024: $(1,604) million. source
• Cash and marketable investments totaled $73.45 billion as of September 3, 2026, and $11.94 billion as of August 28, 2025. source
• Micron's government incentives are conditioned upon achieving or maintaining certain outcomes, are subject to reduction, termination, or clawback, and are recognized when there is reasonable assurance conditions are met; incentives related to acquisition/construction of PP&E are recognized as a reduction in carrying amounts of related assets and reduce subsequent depreciation expense. source
• $2.00 billion was available to draw under Micron's Revolving Credit Facility as of September 3, 2026. source
• $5.12 billion of cash and marketable investments was held by Micron's foreign subsidiaries as of September 3, 2026. source
• Interest income (expense) improved in 2026 compared to 2025 primarily due to an increase in interest income from higher cash and investments balances and a decrease in interest expense due to lower debt balances. source

Impact estimates