Bullish
Micron's board approves $35.16 billion share repurchase program, effective December 9, 2026.
Micron Technology's board has authorized a $35.16 billion share repurchase program, the largest in the company's history, set to commence on December 9, 2026. This decision follows a record fiscal Q4 2026, with revenue of $54.23 billion, a 379% year-over-year increase, and a non-GAAP EPS of $33.42. The buyback program is expected to enhance shareholder value and reflects confidence in the company's financial health.
Key points
- Micron's board approves a $35.16 billion share repurchase program, effective December 9, 2026.
- Record fiscal Q4 2026 revenue of $54.23 billion, up 379% year-over-year.
- Share repurchase program start date delayed due to CHIPS Act restrictions.
Sources
AI-generated from public news sources. Not financial advice.
