{ "schema": "aic.micron-customer-capital/1", "status": "free_public_research", "checked_on": "2026-10-05", "issuer": "Micron Technology, Inc.", "sources": [ { "id": "MU_Q4_8K", "url": "https://www.sec.gov/Archives/edgar/data/723125/000072312526000018/mu-20260930.htm", "published_on": "2026-09-30", "locator": "Items 2.02 and 9.01", "note": "Exhibit 99.1 is furnished with this 8-K; do not call its unaudited tables audited annual statements." }, { "id": "MU_Q4_EX99", "url": "https://www.sec.gov/Archives/edgar/data/723125/000072312526000018/a2026q4ex991-pressrelease.htm", "published_on": "2026-09-30", "period_end": "2026-09-03", "locator": "Consolidated Balance Sheets; Consolidated Statements of Cash Flows; GAAP to non-GAAP cash-flow reconciliation", "sha256": "60bdb8e643cf00a178ff73c078dece8110c6c391e140f3b8967c2593332db1ec" }, { "id": "MU_Q4_REMARKS", "url": "https://s25.q4cdn.com/621799436/files/doc_financials/2026/q4/Q4-FY26-Prepared-Remarks.pdf", "published_on": "2026-09-30", "locator": "Physical pages 3, 6, 8-9", "sha256": "2821d4ccaae50b40dcd28cd4e766c69c509e73d666e4109d5907c7205a03b700", "note": "Management statements and estimates. To-date agreements and commitments are not silently backdated to the fiscal balance-sheet date." }, { "id": "MU_Q4_DECK", "url": "https://s25.q4cdn.com/621799436/files/doc_financials/2026/q4/Q4-26-Earnings-Deck.pdf", "published_on": "2026-09-30", "locator": "Slides 10-11: strategic customer agreements", "sha256": "9709c4542924271b3e6a5124f9d1a5fc1fee7b18d574098c60b91c14c85d04b6" }, { "id": "MU_Q3_10Q", "url": "https://www.sec.gov/Archives/edgar/data/723125/000072312526000015/mu-20260528.htm", "published_on": "2026-06-25", "period_end": "2026-05-28", "locator": "Note 14; Liquidity and Capital Resources; cash-flow statement", "sha256": "35dbf85d21d2ed2b7634addf52be3d3cb2f48a1a91a321dbabebbef106c561fb" } ], "fy2026_usd_millions": { "source_id": "MU_Q4_EX99", "period_start": "2025-08-29", "period_end": "2026-09-03", "status": "issuer_reported_unaudited", "operating_cash": 89675, "gross_ppe_expenditure": 30712, "ppe_sale_proceeds": 29, "government_incentive_proceeds": 3316, "net_capex_company_measure": 27367, "adjusted_free_cash_flow_company_measure": 62308, "purchases_of_marketable_securities": 34871, "nonmarketable_equity_purchases": 1046, "marketable_security_maturities_and_sales": 1988, "other_investing": -316, "net_investing_cash": -61641, "customer_deposit_receipts_in_financing": 12747, "debt_issuance": 0, "debt_repayments": 10043, "employee_award_share_withholding": 1127, "share_repurchases": 650, "dividends": 610, "other_financing": 313, "net_financing_cash": 630, "fx_effect": 81, "opening_cash_equivalents_restricted_cash": 9646, "cash_increase": 28745, "ending_cash_equivalents_restricted_cash": 38391, "short_term_investments": 5070, "long_term_marketable_investments": 30019, "reported_cash_investments_restricted_cash": 73480, "noncurrent_customer_contract_liabilities_opening": 142, "noncurrent_customer_contract_liabilities_ending": 12895 }, "management_disclosures": { "source_id": "MU_Q4_REMARKS", "agreements_signed_to_date": 26, "financial_commitments_usd_millions": 32000, "financial_commitments_qualifier": "Vast majority described as cash deposits; not a statement that 32000 was already received by fiscal year-end.", "rpo_usd_millions_approximate": 150000, "rpo_perimeter": "Committed volumes and minimum pricing for SCAs with a determined fixed-price or floor/ceiling framework; not all projected SCA revenue, and not cash received.", "sca_share_of_revenue_through_2030": "Management currently estimates over 35%; forward-looking revenue share, not a collected cash percentage.", "defined_pricing_share_of_estimated_sca_revenue": 0.75, "remaining_pricing_basis": "Periodic negotiation based on market prices.", "deposits_received_q4_usd_millions_rounded": 12300, "cash_deposit_balance_at_fiscal_year_end_usd_millions_rounded": 12700, "cash_deposits_unrestricted": true, "return_condition": "Deposits to be returned over time toward the latter half of each agreement's term, assuming minimum purchase requirements are met.", "exact_customer_return_calendar": null, "return_settlement_medium_and_netting_rights": null, "deposit_interest_or_price_concession_terms": null, "individual_contracts_obtained": false }, "prior_date_context": { "source_id": "MU_Q3_10Q", "rpo_at_20260528_usd_millions_approximate": 5000, "contract_liabilities_within_disclosed_rpo_usd_millions": 422, "financial_commitments_for_agreements_concluded_to_date_usd_millions": 22000, "expected_cash_deposit_component_usd_millions_approximate": 18000, "date_warning": "The 10-Q explicitly includes agreements signed after May 28 in its qualitative and liquidity discussion; those to-date commitments are not the May 28 funded balance.", "cash_flow_presentation": "Nine-month financing cash flows include an Other line, not a separately named deposit-receipts line. Do not equate that entire line with deposits or derive exact Q4 deposits from a rounded management number." }, "filing_availability_check": { "source": "https://data.sec.gov/submissions/CIK0000723125.json", "checked_on": "2026-10-05", "result": "The retrieved recent submissions list showed September 30 8-K, June 25 10-Q and October 3, 2025 10-K as the latest respective filings in those categories. No FY2026 10-K was obtained for this research.", "absence_across_all_possible_sources_proven": false }, "boundaries": [ "Amounts are company-reported or attributed management statements, not independently audited bank records.", "The new model is an explicitly hypothetical incremental project, not a Micron cash forecast or a reconstruction of any private SCA.", "No inference that customer deposits are dedicated to a named fab, earn zero interest, substitute for a specified bank loan or are forfeited if purchase targets are missed.", "No attribution of the difference between the contract-liability stock change and deposit cash receipts without a full roll-forward." ], "published_on": "2026-10-05", "original_sources_retained_in_research_archive": true }