In the latest period of Q2'26, Micron Technology (MU) reported cash and short-term investments at $14.59B USD, marking a significant increase from $10.32B USD in Q4'25 and reflecting improved liquidity. Meanwhile, total debt stood at $10.21B USD, down notably from $12.43B USD in Q1'26, resulting in a net cash position of approximately $4.38B USD. Over the period from Q3'23 to Q2'26, cash levels exhibited a general downward trend initially, declining from $10.35B USD to a low of $7.59B USD in Q1'25, before rebounding sharply to $14.59B USD amid apparent operational improvements. Debt remained relatively stable around $14B USD through Q2'25, then surged to $16.14B USD in Q3'25 before declining to $10.21B USD, indicating effective deleveraging in recent quarters and strengthening the company's balance sheet overall.