MU · 10-K · 2026A · Full report

Operating Cash Flow Trends

MICRON TECHNOLOGY INC · 2026-10-09 · Importance 69 · Surprise 64 · From source text

Net cash provided by operating activities increased to $89.675 billion in fiscal 2026 from $17.525 billion in fiscal 2025, primarily because of higher net income and increases in accounts payable, accrued expenses, other current liabilities, and noncurrent income taxes payable. The increase was partially offset by a significant rise in receivables associated with higher revenue. Net cash used in investing activities increased to $61.641 billion, including $30.71 billion of capital expenditures and $32.88 billion of net securities outflows. Net cash provided by financing activities was $850 million, principally because $12.75 billion of customer deposits exceeded debt repayments, share repurchases, and dividends.

Key facts

• Net cash provided by operating activities for 2026: $89,675 million; for 2025: $17,525 million; for 2024: $8,507 million. source
• Net cash used for investing activities for 2026: $(61,641) million, consisting primarily of $32.88 billion net outflows from purchases, maturities, and sales of available-for-sale securities, $30.71 billion of expenditures for property, plant, and equipment, and $1.05 billion of purchases of non-marketable equity securities, partially offset by $3.32 billion of proceeds from government incentives. source

Impact estimates