As of Q1'26 (2025-11-27), Micron Technology (MU) reported Cash & Short-term Investments of USD 10.3B and Debt of USD 11.9B. This marks a notable recovery in cash levels compared to the previous quarter, while debt has decreased significantly from its recent peak. Over the period from Q2'23 to Q1'26, MU's cash position generally declined from USD 10.8B to a low of USD 7.6B in Q1'25, before rebounding sharply to over USD 10B by Q3'25 and maintaining that level through Q1'26. Debt, on the other hand, trended upward from USD 12.9B in Q2'23, peaking at USD 16.1B in Q3'25, then dropping substantially to USD 11.9B in Q1'26. This recent reduction in debt alongside the recovery in cash suggests a significant improvement in the company’s balance sheet strength at the end of the period.