Micron Technology (NASDAQ:MU) posted record FYQ3 results, landed roughly $100B in long-term memory deals (including a GM auto supply pact), guided ~$50B for FYQ4, and is expanding U.S. and Japan capacity for AI amid analyst upgrades, bullish earnings bets and lingering supply constraints.

Previous Week Recap

  • Micron Guides Revenue, Contracts: Micron posted record FYQ3 2026 results, guided roughly $50B revenue for FYQ4 2026, secured about $100B in multi-year contracts, and said supply constraints may continue into 2028.
  • Micron Signs Take-Or-Pay Deal: Micron signed a multi-year, take-or-pay supply deal with GM for LPDDR, NOR and UFS NAND for vehicles, giving Micron demand visibility and linked to its U.S. capacity expansion.
  • Analysts Boost Micron Forecasts: Analysts raised Micron’s FY2027 revenue and profit forecasts and noted about $100 billion in long-term memory chip supply deals, citing buyers seeking secured access amid tight industry capacity.
  • Japan AI Memory Expansion: Micron plans a Japan memory expansion for AI; Japan may offer up to ¥500 billion in subsidies. Project complements Micron’s DRAM and HBM capacity growth in Idaho and New York.
  • Micron Trades Near 9x: Micron (MU) trades near 9x forward earnings; projected 2024 EBIT about $9B, trailing revenue ~ $40B. Rally driven by higher earnings forecasts; risks: weaker consumer demand and slower AI capex.
  • GS: Micron Drives AI Gains: Goldman Sachs says AI-driven Q2 2026 earnings growth will be led by Micron Technology (MU), which, with Nvidia, is expected to drive a large share of S&P 500 earnings gains.
  • Micron Earnings Preview Strength: Micron Technology (MU) previewed strong semiconductor earnings, suggesting robust demand and potential upside for chip peers. Traders note MU's revenue and margin strength as key near-term catalysts.
  • Micron Dividend Record Date: Micron Technology (MU) shareholders must hold MU on the 2026-07-06 record date to receive the dividend. Binance will pause MU↔MUB conversions and MUB deposits/withdrawals during the distribution.
  • Micron Pledges $250M Program: Micron (MU) pledged $250M to a savings program: matching up to $1,000 per child, $250 starter deposit, covering children in states with Micron sites, launch planned around July 4.

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.