Micron customer deals extend into 2031-2035 as memory cycle lengthens

Fool+1 · 5 hours ago
Micron customer deals extend into 2031-2035 as memory cycle lengthens
  • Keybanc analysts say HP and Dell extended Micron SCAs into 2031, and Alphabet has been in talks to extend its agreements to 2035.
  • Micron has signed 26 SCAs for DRAM and NAND covering about 35% of its sales through 2030.
  • Keybanc projects DRAM prices rising 15% to 20% quarter over quarter and NAND prices rising over 20% in the near term.
  • Micron's board approved a $35.16 billion share repurchase program on October 8, expanding an existing authorization.
  • Micron stock is up over 200% year to date, according to Yahoo Finance.

Quotes

“2027 will see the largest supply-demand imbalance in the industry's history”— SK Hynix
“the supercycle could be over and the industry could enter a downturn.”— Korean trade publications

Sources