“We are growing the business. We are investing in the business. We are investing in advanced research, R & D roadmap for our products, investing, as you see here, in building out the memory supply base. So, we will, of course, invest first in growing the business. We had $25 billion of [operating cash flows] last quarter. Free cash flow this quarter will even be greater. Of course, excess cash, we will return to shareholders. We are best positioned ever to grow the business, as well as provide return to our shareholders at larger levels than before. And yes, we are committed to doing that.”

Sanjay Mehrotra · said 2026-08-20 · reported 2026-08-21

Mehrotra discussed Micron's investment priorities and commitment to returning excess cash to shareholders.