- Micron reported fiscal Q4 non-GAAP EPS of $33.42 on sales of $54.23 billion, surpassing analyst estimates.
- Micron guided the current quarter to revenue of $61.5 billion and adjusted EPS of $38.15.
- The CHIPS Act restriction on share buybacks expires December 9, 2026.
- Micron holds a net cash position of roughly $68.3 billion and plans to return 100% of excess cash through buybacks and dividends.
- Micron generated $62.31 billion in adjusted free cash flow in fiscal 2026.
- CNBC estimates a fiscal 2027 buyback program of about $100 billion annually.
- UBS projects buybacks of roughly 5% of the float annually, reaching over 40% of the company by calendar 2028.
- Management is expected to seek board approval to expand the current $2.2 billion share repurchase authorization.
Quotes
“crushed expectations”
“return 100% of its excess cash to shareholders”