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Home Earnings Analysis Summary Micron Technology, Inc. is upgraded to Buy, driven by accelerating Strategic Customer Agreements (SCAs) that enhance long-term revenue visibility and pricing power. Q4 FY26 results showed robust sequential growth, with DRAM and NAND prices rising sharply and margins spiking due to tight supply-demand dynamics. Over 35% of estimated 2030 revenue is now secured via SCAs, many with defined pricing bands and significant customer cash deposits, extending longer-term visibility.
Despite strong fundamentals and a compelling forward P/E of 5.5 for 2028, MU and MUU investors should monitor AI capex trends and potential cyclicality risks post-2028. imaginima/iStock via Getty Images Intro In my last article about Micron Technology, Inc. ( MU ), I gave myself credit for a good call. The stock nearly doubled in three months since I initiated coverage at $495 in April. While admitting 1.09K Followers Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours.
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