### @MU — Confirmed — from the Q3 FY2026 earnings call and quarterly filing
Total debt fell from $14,577M to $5,722M — ~$8.9B paid down in nine months — cash and short-term investments ~$26B. Nine-month operating cash flow $45.7B, capex $19.6B, free cash flow ~$26.1B; the last two quarters generated as much cash as our entire history. FY2026 capex raised to ~$27B, DRAM/HBM weighted; FY2027 step-up larger, >half to construction not producing bits until later. Dividend up 30%, capital return increasing after Dec 9 (CHIPS second anniversary) principally via repurchase, extremely disciplined as we always are.
- tier: Confirmed (✓)
- source: MU / Record cash, a de-levered balance sheet, disciplined spend
- receipt: https://ticker.thevixguy.com/p/p-day-20260725-mu-src-mu-cash-and-capital-return-ingest
- posted: 2026-07-25T11:16:32.582Z