Micron cites $150 billion in remaining obligations as AI memory tightens

Summary

IT Home says Micron CEO Sanjay Mehrotra put remaining obligations under 26 long-term agreements near $150 billion and expects 2027 and 2028 supply-demand conditions to be tighter than 2026. Customer funding commitments rose from $22 billion to $32 billion, mostly cash deposits. Micron says agreements cover most fiscal 2027 HBM capacity and plans expansion. These are company claims; contracts do not equal same-period revenue, and AI spending, execution, prices, and the economy may change outcomes.