Mark Murphy, chief financial officer of Micron Technology, said during the earnings call that in the fourth fiscal quarter of fiscal year 2026, Micron generated an astonishing $44 billion in operating cash flow and $33.2 billion in free cash flow. Over time, we expect to return 100% of the excess cash to shareholders. We intend to increase capital returns starting December 9, 2026, mainly through share repurchases.

Mark Murphy, chief financial officer of Micron Technology, said during the earnings call that in the fourth fiscal quarter of fiscal year 2026, Micron generated an astonishing $44 billion in operating cash flow and $33.2 billion in free cash flow. Over time, we expect to return 100% of the excess cash to shareholders. We intend to increase capital returns starting December 9, 2026, mainly through share repurchases.