Micron pledges all spare cash to investors after $33.2 billion haul

$33.2 billion. That's Micron's adjusted free cash flow — cash left after running and building the business — reported Oct. 5 by MarketWatch. CFO Mark Murphy has pledged that from Dec. 9, 2026, 100% of excess cash goes back to shareholders. How Micron defines excess will decide how generous that payout is.