Micron locks in historically high memory prices for five years

Micron secured 16 strategic customer agreements (SCAs) to maintain high memory prices from 2026 to 2030, ensuring robust gross margins. The CEO cited supply shortages and production challenges due to complex memory technologies, while Q3 revenue hit $41.5 billion with record profits and margins. Future growth is expected as SCAs cover 40% of revenue and fund fab expansions.