Paradis — Micron's Q4 deck: 26 strategic customer agreements and $32B in commitments, mostly cash deposits

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Paradis — Micron's Q4 deck: 26 strategic customer agreements and $32B in commitments, mostly cash deposits

These are the numbers behind the 'not a normal cycle' argument for memory: multi-year agreements said to cover over 35% of Micron revenue through 2030, some running into 2031, with customer cash backing most of the commitments. The figures are the poster's reading of Micron's fiscal Q4 slides (September 30), not yet checked against the deck or the 8-K; another account (Markos, AAIG) reported the same 2031 extensions from the earnings call.

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Sep 30

$MU Strategic Customer Agreements (from Q4 deck) - 26 SCAs signed to-date. - Estimated to be over 35% of revenue through 2030. - Have signed SCAs that extend into 2031. - For the 26 signed SCAs and extensions, financial commitments from customers have increased to $32 billion,

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These are the numbers behind the 'not a normal cycle' argument for memory: multi-year agreements said to cover over 35% of Micron revenue through 2030, some running into 2031, with customer cash backing most of the commitments. The figures are the poster's reading of Micron's fiscal Q4 slides (September 30), not yet checked against the deck or the 8-K; another account (Markos, AAIG) reported the same 2031 extensions from the earnings call.

9 events
DateTypeEvent
Sep 30 Deep DiveMicron Tops Its Own Forecast by $4.2 Billion and Sees Memory Staying Short Through 2028 Sep 25 tweetSerenity (@aleabitoreddit) — Akamai's $11.6B Anthropic deal pre-buys memory ahead of a stated AI slowdown Sep 25 pickBloomberg — SK Hynix weighs a 2027 US listing for its Solidigm flash unit Sep 23 pickMarketWatch — Micron has become a battleground stock as the AI narrative shifts to the durability of memory demand Sep 21 pickSemiAnalysis — how mixture-of-experts models map onto inference hardware Oct 15 tweetZephyr — the physics of SK Hynix's HBM4 problem: halving the die gap cuts underfill flow 8x Oct 16 tweetSerenity - KeyBanc checks: Google discussing memory supply agreements through 2035, Samsung 70% allocated through 2031 Sep 16 pickReuters — SK Hynix in talks to build memory in the US with Intel for the first time Sep 10 tweetTerry — Citi Global TMT readout: NAND TAM $50B to $500B by 2027, AMD CPU TAM $60B to $220B, optical testing capacity about 100x short

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