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Micron Stock Surges Above $1,000. Why a Stock Split May Not Be Coming
GuruFocus ·
GuruFocus reports: Micron Technology is leaning toward returning excess cash through share repurchases rather than using a stock split as its four-digit share price draws attention. The memory-chip maker ended fiscal 2026 with $133.19 billion in revenue and $84.97 billion in GAAP net income. Operating cash flow reached $89.68 billion, versus $17.53 billion a year earlier. Micron said its current buyback authorization stands at $2.2 billion and that it expects to increase capital returns…