Micron Books 35% of Sales Through 2030, Taichung Sold Out for 2027
MU has more than doubled off its 52-week low of $186.25.
Summary
Micron has locked in 26 long-term supply deals covering over 35% of sales through 2030, with a backlog of about $150B and $32B in customer commitments. Over 75% of fiscal 2027 output is already booked, and the Taichung plant is sold out for 2027. This follows the record Q4 and FY2026 results reported on September 30, and the $35B buyback authorization disclosed in the 10-K on October 9. Analyst Gil Luria raised his price target to $3,000 from $2,100, citing the contract visibility. The stock fell 3.2% on October 14 despite the positive news, reflecting near-term margin pressure and volatility. The demand visibility through 2030 is a material positive for the investment thesis.
At the time of this announcement, MU was trading at $889.10 on NASDAQ in the Technology sector, with a market capitalization of approximately $1T. The 52-week trading range was $186.25 to $1,255.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.