Micron lifts buyback authorization to $35.16 billion, effective December 9, 2026

Micron's board raised the maximum amount for discretionary share repurchases to $35.16 billion on October 8, 2026, according to the fiscal 2026 Form 10-K. The filing says repurchases under the program will be made from December 9, 2026, and that they follow the CHIPS Act direct funding agreements. The change is a larger capital return signal than the $0.15 quarterly dividend.

• Total discretionary repurchase authorization raised to $35.16 billion
• Board action dated October 8, 2026
• Repurchases to be made from December 9, 2026
• Repurchases tied to the CHIPS Act direct funding agreements, per the filing