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Micron Authorizes Record $35.16 Billion Share Buyback Program Starting Dec. 9

BullishHigh impact
MU$989.04 −3.88%

Micron Technology, Inc. (NASDAQ:MU) has expanded its discretionary share buyback program to a record $35.16 billion, scheduled to begin on December 9, 2026. The total authorization includes $2.16 billion remaining from a 2018 repurchase plan along with adjusted free cash flow from the quarter ended September 3, 2026, minus dividends paid and CHIPS Act capital expenditure incentives received.

The record repurchase plan comes amid significant business momentum driven by high demand for artificial intelligence memory chips. Although the stock has surged more than 240% year to date, shares dipped 3.88% to $989 and remain below their record peak of $1,255 reached on June 25. The buyback reflects management's strategy to return excess cash to investors while meeting federal financial requirements.

All stock repurchases under the authorization will be conducted in alignment with direct funding agreements under the federal CHIPS Act. Investors will be tracking the execution of the repurchase program alongside memory market conditions when buying begins in December.

Key points

  • Micron Technology authorized a record $35.16 billion share repurchase program set to start on December 9, 2026.
  • The plan includes $2.16 billion remaining from 2018 plus adjusted free cash flow minus CHIPS Act grants and dividends.
  • The stock has surged over 240% year to date on AI memory demand, though shares fell 3.88% to $989.
  • Repurchases will strictly follow terms set by direct funding agreements under the federal CHIPS Act.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

When will Micron's new share buyback program begin?

The repurchase program is scheduled to start on December 9, 2026, in compliance with CHIPS Act funding agreements.

How much is Micron authorizing for its stock buyback plan?

Micron authorized $35.16 billion, including $2.16 billion remaining from its 2018 program and adjusted free cash flow minus dividends and CHIPS Act grants.

How has Micron stock performed recently?

Micron stock has climbed over 240% year to date due to strong AI demand, though it remains below its June peak of $1,255 and traded at $989.