Micron (MU) Stock Falls 4% as Board Lifts Buyback Authorization to $35B
Photo: CoinCentral
TLDR Micron (MU) stock fell about 4% on Monday, even after the board raised its buyback authorization to $35.16 billion. Repurchases cannot start until December 9, 2026, because of CHIPS Act funding restrictions. Fiscal Q4 revenue hit $54.23 billion, up 379% from a year earlier, with non-GAAP EPS of $33.42. Micron spent only $650 million on buybacks in fiscal 2026, and it gave no fiscal 2027 repurchase target. Analyst targets range from Rosenblatt’s $1,900 to DA Davidson’s $3,000, and the stock sits about 18% below its $1,255 high. Micron (MU) stock fell 3.88% on Monday.
Source: CoinCentral
