Micron secures roughly $150 billion in orders across 26 long-term deals
Stockwhiz•30/09/2026•22:53 ET
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Key Highlights
- ➤26 long-term agreements secure roughly $150 billion in orders
- ➤FY2027 first-half capital expenditure expected at about $25bn
- ➤FY2027 first-quarter revenue expected at $61.5 billion
- ➤FY2027 first-quarter EPS expected at $38.15
- ➤Memory market expected tighter in 2027 and 2028 than 2026
Expert Statements
Sanjay Mehrotra, Chairman and CEO of Micron Technology
“the memory market will be tighter in 2027 and 2028 than in 2026”
Sanjay Mehrotra, Chairman and CEO of Micron Technology
“I see no end in sight to the supply-demand imbalance”
Mark Murphy, Chief Financial Officer of Micron Technology
“most of Micron’s incremental FY2027 spending will fund construction of new wafer fabs rather than equipment”
Mark Murphy, Chief Financial Officer of Micron Technology
“FY2027 first-quarter revenue and EPS are expected to increase sequentially”
Micron Technology signed 26 long-term agreements securing roughly $150 billion in orders, as management forecast a tighter memory market in 2027 and 2028 and outlined heavy FY2027 capital spending.
Micron Technology (MU) Chairman and CEO Sanjay Mehrotra said the memory market will be tighter in 2027 and 2028 than in 2026. He said he sees no end in sight to the supply-demand imbalance.
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