- 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”
“the supercycle could be over and the industry could enter a downturn.”