Micron Technology has authorized a $35.16 billion stock repurchase program. The company could begin buying back shares as early as December 9, 2026. Micron says the program is intended to return capital to shareholders, and the purchases could support its stock price.
Micron reported $133.19 billion in revenue for fiscal 2026 and expects stronger results in fiscal 2027. Wall Street analysts have raised their fiscal 2027 earnings-per-share estimates despite a recent decline in Micron’s share price. They cite strong demand for memory products in the AI sector. Analysts maintain a positive outlook, with the consensus price target indicating significant upside from current trading levels.