MU · 10-Q · 2026Q2 · Full report
Balance Sheet and Liquidity
MICRON TECHNOLOGY INC · 2026-06-25 · Importance 89 · Surprise 82 · No source text
Cash and marketable investments totaled $30.13 billion as of May 28, 2026, up from $11.94 billion as of August 28, 2025, including $5.40 billion held by foreign subsidiaries. Strategic customer agreements concluded to date are expected to generate $22 billion of cash deposits and related financial commitments, including approximately $18 billion in cash deposits. Micron had $2.00 billion available under its revolving credit facility as of May 28, 2026, and expects cash, operating cash flow, government incentives, customer deposits, and financing capacity to cover requirements for at least the next 12 months.
Key facts
- Cash and marketable investments as of May 28, 2026: $30.13 billion, and as of August 28, 2025: $11.94 billion; $5.40 billion of the May 28, 2026 balance was held by foreign subsidiaries. source
- Micron repaid in full the 2028 Notes, 2029 Term Loan A, 2029 A Notes, 2029 B Notes, and 2030 Notes and partially prepaid the 2031, 2032, 2033 A, 2033 B, 2035 A, and 2035 B Notes during the first nine months of 2026 as part of $9.38 billion of debt repayments. source
- Net increase in cash, cash equivalents, and restricted cash for nine months ended May 28, 2026: $15,376 million. source
- Net cash used for financing activities for the nine months ended May 28, 2026: $(10,646) million, consisting primarily of $9.38 billion repayments of debt (including full prepayment of multiple notes and partial prepayments of others), $762 million for repurchases for withholdings on employee equity awards, $650 million to acquire 2.5 million shares under repurchase authorization, and $437 million of dividend payments. source
- Micron expects cash and investments, cash flows from operations, government incentives, customer deposits, and available financing to be sufficient to meet requirements at least through the next 12 months and thereafter for the foreseeable future. source
- Amount available to draw under Revolving Credit Facility as of May 28, 2026: $2.00 billion. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +13.6% | Cash and marketable investments as of May 28, 2026: $30.13 billion, and as of August 28, 2025: $11.94 billion; $5.40 billion of the May… |
| cash | positive | realized | +11.5% | Net increase in cash, cash equivalents, and restricted cash for nine months ended May 28, 2026: $15,376 million. |
| cash | negative | realized | -7.9% | Net cash used for financing activities for the nine months ended May 28, 2026: $(10,646) million, consisting primarily of $9.38 billion… |
| liability | positive | realized | +7.0% | Micron repaid in full the 2028 Notes, 2029 Term Loan A, 2029 A Notes, 2029 B Notes, and 2030 Notes and partially prepaid the 2031, 2032,… |
| cash | negative | realized | -7.0% | Micron repaid in full the 2028 Notes, 2029 Term Loan A, 2029 A Notes, 2029 B Notes, and 2030 Notes and partially prepaid the 2031, 2032,… |