Micron (MU) Is Trading at 5x Earnings Despite 87% Margins. What Is Wall Street Missing?

Micron Technology (NASDAQ:MU) spent only $650 million on share repurchases in fiscal 2026. Earlier this month, its board approved a buyback of up to $35.16 billion, starting in early December. Micron can afford that jump because it ended the fiscal year with $73.48 billion in cash, marketable investments and restricted cash. But a cash pile […]