Micron Technology expands share repurchase authorization limit to $35.16 billion
MU Micron Technology Inc
$989.04 -3.88%
View chart & analysis → - 1Micron Technology has expanded its share repurchase authorization limit to $35.16 billion.
- 2Micron's revenue for fiscal year 2026 recorded $133.2 billion.
- 3CFO Mark Murphy expects first quarter fiscal year 2027 free cash flow to be significantly higher than the $33.2 billion generated in the fourth quarter.
So what's the key point?
Micron Technology increased the amount of money it can use to buy back its own shares to $35.16 billion. The company is preparing to buy more shares because it expects to have more extra cash in the future.
Source The Motley Fool +1 · View original ↗
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