MU · 10-K · 2026A · Full report

Capital Allocation

MICRON TECHNOLOGY INC · 2026-10-09 · Importance 64 · Surprise 42 · In source text

The board increased the maximum discretionary share repurchase authorization to $35.16 billion on October 8, 2026, effective for repurchases beginning December 9, 2026. Fiscal 2026 cash uses included $650 million to acquire 2.5 million shares under the repurchase authorization, $1.13 billion for employee award withholding repurchases, and $610 million of dividends. The board declared a quarterly dividend of $0.15 per share on September 30, 2026, payable October 29, 2026. Repurchases remain subject to CHIPS Act funding-agreement restrictions, market conditions, and the company’s determination of the best use of cash.

Key facts

• Micron's Board authorized an increase in the maximum amount of discretionary repurchases to be made from December 9, 2026 to $35.16 billion on October 8, 2026. source
• Net cash provided by (used for) financing activities for 2026: $(850) million, consisting primarily of $12.75 billion of proceeds from customer contract liability deposits; offset by $10.04 billion of repayments of debt; $1.13 billion for repurchases of common stock for withholdings on employee equity awards; $650 million for acquisition of 2.5 million shares under share repurchase authorization; and $610 million payments of dividends. source
• On September 30, 2026 Micron's Board declared a quarterly dividend of $0.15 per share, payable in cash on October 29, 2026, to shareholders of record as of the close of business on October 14, 2026. source
• Micron repurchased 2.5 million shares of common stock for $650 million under its share repurchase authorization in 2026 and repurchased common stock for withholdings on employee equity awards costing $1.13 billion in 2026. source

Impact estimates