Micron Locks $100B in Guaranteed Revenue Through 2030 via 16 Long-Term Customer Contracts

According to Odaily, Micron announced today its Q3 earnings and signed 16 long-term strategic customer agreements (LTAs) covering 2026 through 2030, with take-or-pay clauses. Management expects these contracts to generate approximately $100 billion in guaranteed revenue and yield around $22 billion in customer cash deposits and financial commitments. Q3 revenue reached $414.6 billion, surpassing market expectations of $358 billion, while adjusted EPS of $25.11 exceeded forecasts of $20.7–$20.8.

For Q4, the company guided revenue at $490–$510 billion (midpoint $500 billion), significantly above the consensus estimate of $432.4 billion. Management projects DRAM and NAND supply tightness to persist through 2027 and expects approximately half or more of future revenue to fall under long-term agreement coverage.