Story perspectives

Micron Boosts Buyback Authorization to $35.16 Billion

By Drooid · Oct 13, 2026, 3:19 PM UTC · How we work

Summary

Story summary

Micron Technology expanded its stock repurchase authorization to $35.16 billion.
Fiscal 2026 revenue reached $133.2 billion, a 256% YoY rise driven by AI memory demand.
Operating income rose to $99.3 billion, giving an operating margin near 75%.
Fourth-quarter free cash flow was $33.2 billion after capex, sufficient to fund most of the buyback.
At about $1,000 per share, the program could retire roughly 35 million shares, 3.1% of stock.

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Story summary

Micron Technology expanded its stock repurchase authorization to $35.16 billion.
Fiscal 2026 revenue reached $133.2 billion, a 256% YoY rise driven by AI memory demand.
Operating income rose to $99.3 billion, giving an operating margin near 75%.
Fourth-quarter free cash flow was $33.2 billion after capex, sufficient to fund most of the buyback.
At about $1,000 per share, the program could retire roughly 35 million shares, 3.1% of stock.