Micron Technology plans to increase capital returns beginning Dec. 9, 2026, with share repurchases as the primary tool, according to Chief Financial Officer Mark Murphy. Speaking on an earnings call, Murphy said the company generated $44 billion in operating cash flow and $33.2 billion in free cash flow in the fourth quarter of fiscal 2026. He also said Micron expects to return 100% of excess cash to shareholders over time. Murphy tied the planned start date for the higher capital return program to the second anniversary of Micron signing the final CHIPS Act agreement. The item was cited by CLS and carried by Odaily.
Micron Technology Chief Financial Officer Mark Murphy said on an earnings call that the company generated $44 billion in operating cash flow and $33.2 billion in free cash flow in the fourth quarter of fiscal 2026.
Murphy said Micron expects to return 100% of excess cash to shareholders over time.
He added that the company plans to increase capital returns starting on Dec. 9, 2026, mainly through share repurchases. Murphy said the date marks the second anniversary of Micron signing the final CHIPS Act agreement.
The report was cited by CLS.
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