Micron Technology CFO Announces Plans to Increase Stock Buybacks Starting December 2026

Micron Technology CFO Mark Murphy stated during an earnings call that the company generated $44 billion in operating cash flow and $33.2 billion in free cash flow for the fourth quarter of fiscal year 2026. The company intends to return 100% of excess cash to shareholders over time, with plans to increase capital returns primarily through stock buybacks beginning December 9, 2026, marking the second anniversary of its CHIPS Act agreement.