Micron Eyes $100B FCF, Buybacks, and 26 Deals Worth $32B in Deposits
MU has more than doubled off its 52-week low of $179.61.
Summary
Micron's Q4 revenue of $54.23B was already reported, but this update adds major new details. Susquehanna now models ~$100B annual free cash flow in 2027-28 and expects buybacks to cut share count by ~16%, with cash returns possibly starting in early December. The company also disclosed 26 strategic customer deals covering over 35% of projected revenue through 2030, backed by $32B in customer deposits and $150B in remaining performance obligations. CHIPS Act restrictions currently limit buybacks, but management expects to hit target cash by November and sees restrictions easing in December. Separately, a Taiwanese union at the Taoyuan plant approved a strike, and Micron settled all Netlist litigation for a contracted cash payment. These developments materially sharpen the capital return and demand visibility story beyond the earnings beat.
At the time of this announcement, MU was trading at $1,044.36 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.2T. The 52-week trading range was $179.61 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.