Capital · out

capex ~$25B/yr (US megafabs, CHIPS-supported) + small dividend + modest buybacks

high confidence · as of 2026-07-26 · about Micron

Sourced figures 1

stockanalysis.com MU cash-flow statement TTM capex $25.3B dominates outflows
2026-05 high

the working

Threads 2

Memory Squeeze developing
CXMT IPO open

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