MU · 10-K · 2026A · Full report
Capital Expenditure Outlook
MICRON TECHNOLOGY INC · 2026-10-09 · Importance 75 · Surprise 60 · Matches filing data
Micron estimates net property, plant, and equipment capital expenditures of approximately $11.5 billion in the first quarter of 2027 and approximately $25 billion in the first six months of 2027. The company expects capital expenditures to be higher in the second half of 2027, although actual spending will depend on market conditions and the timing of expenditures and government-incentive proceeds. Purchase obligations for property, plant, and equipment totaled approximately $4.18 billion at September 3, 2026, substantially all payable within one year.
Key facts
- Micron estimates capital expenditures for property, plant, and equipment, net of proceeds from government incentives, to be approximately $11.5 billion in the first quarter of 2027 and approximately $25 billion in the first six months of 2027, and higher in the second half of 2027. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | probable | -6.4% | Micron estimates capital expenditures for property, plant, and equipment, net of proceeds from government incentives, to be approximately… |
| assets | positive | probable | +6.4% | Micron estimates capital expenditures for property, plant, and equipment, net of proceeds from government incentives, to be approximately… |