Micron And MUU: The Structural Shift Thesis Is Strengthening Micron Technology, Inc. is upgraded to...

Micron And MUU: The Structural Shift Thesis Is Strengthening Micron Technology, Inc. is upgraded to Buy, driven by accelerating Strategic Customer Agreements (SCAs) that enhance long-term revenue visibility and pricing power. Q4 FY26 results showed robust sequential growth, with DRAM and NAND prices rising sharply and margins spiking due to tight supply-demand dynamics. Over 35% of estimated 2030 revenue is now secured via SCAs, many with defined pricing bands and significant customer cash deposits, extending longer-term visibility.