Micron authorizes record $35.16B share buyback program starting Dec. 9
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- Micron Technology (MU) raised its discretionary share buyback authorization to a record $35.16B, with the program set to begin on December 9, according to a recent filing.
- The chipmaker's stock has surged over 240% year to date on AI-driven memory demand but remains below its June 25 peak of $1,255.
- Any repurchases under the stock repurchase program will be made from December 9, 2026, in accordance with our CHIPS Act direct funding agreements.
- The total buyback authorization includes the $2.16B remaining under the 2018 program, plus 100% of adjusted free cash flow for the quarter ended September 3, 2026, minus CHIPS Act grant incentives received for capital expenditures and dividends paid.
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