Micron Technology’s board of directors approved an expansion of the company’s stock repurchase program. The total authorization for common-stock buybacks is now $35.16 billion. The expanded authorization takes effect on December 9, 2026.
Micron shares have risen approximately 260% year to date, driven by high demand for the company’s memory and storage products in AI and data center markets. The stock declined slightly on the day of the announcement. The expanded program signals the board’s confidence in Micron’s financial strength and future outlook.