MU · 10-Q · 2026Q2 · Full report

Capital Expenditure Program

MICRON TECHNOLOGY INC · 2026-06-25 · Importance 89 · Surprise 82 · In source text

Micron expects 2026 capital expenditures for property, plant, and equipment, net of government incentives, to be approximately $27 billion. During the first nine months of 2026, the company spent $19.60 billion on property, plant, and equipment and received $2.99 billion of government-incentive proceeds, compared with $10.20 billion of capital expenditures and $1.29 billion of incentive proceeds in the prior-year period. As of May 28, 2026, purchase obligations for property, plant, and equipment totaled approximately $2.93 billion, substantially all payable within one year.

Key facts

• Micron completed expenditures for property, plant, and equipment of $19.60 billion in the first nine months of 2026 compared to $10.20 billion in the first nine months of 2025. source
• Net cash used for investing activities for the nine months ended May 28, 2026: $(19,688) million, consisting primarily of $19.60 billion of expenditures for property, plant, and equipment, $2.84 billion net outflows from available-for-sale securities, partially offset by $2.99 billion proceeds from government incentives. source
• Purchase obligations for acquisition of property, plant, and equipment as of May 28, 2026: approximately $2.93 billion, substantially all expected to be paid within one year. source
• Micron completed purchase obligations and expects government incentives to partially offset planned investments; government incentives are conditioned on achieving outcomes and subject to reduction, termination, or clawback. source

Impact estimates