Micron Plans to Put Its Excess Cash Into Buybacks. Here's How Much of the Stock That Could Retire.
The memory specialist bought back just $650 million of its shares in fiscal 2026. What happens once it starts spending the rest?
Overview
Micron Technology (NASDAQ:MU) is making cash much faster than it's spending it. The memory chipmaker's non-GAAP (adjusted) free cash flow was $62.3 billion for its fiscal year that ended Sept. 3 -- up from $3.7 billion in fiscal 2025. But the company spent just $650 million of it buying back its own shares.
Alongside its fiscal fourth-quarter results on Wednesday, Sept. 30, Micron said it plans to increase capital return starting Dec. 9. Over time, it intends to give all its excess cash back to shareholders.
Details
Shares trade near $1,065 as I write, giving the company a market cap of about $1.2 trillion. How much of Micron could a buyback that large retire?
Source
Originally published at www.fool.com.