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.

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