Micron Authorizes Record $35.16B Buyback Starting Dec. 9
MU has more than doubled off its 52-week low of $179.61.
Summary
Micron has authorized a record $35.16B share buyback program, with repurchases set to begin December 9, 2026. The authorization includes $2.16B remaining from the 2018 program plus 100% of adjusted free cash flow for the quarter ended September 3, 2026, minus CHIPS Act grant incentives and dividends. This follows the 10-K filed October 9 that first disclosed the buyback authorization. The program is subject to CHIPS Act direct funding agreements. The stock has surged over 240% year to date on AI-driven memory demand but remains below its June 25 peak of $1,255.
At the time of this announcement, MU was trading at $975.20 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.1T. The 52-week trading range was $179.61 to $1,255.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.