Micron is expanding Strategic Customer Agreements toward covering roughly half of company revenue, with multiyear take-or-pay commitments and customer cash deposits.
Micron raised its HBM market outlook, now expecting the HBM TAM to cross $100 billion in 2027 instead of 2028.
Micron increased fiscal 2026 CapEx to about $27 billion and plans further increases in fiscal 2027 to add cleanroom and equipment capacity.
Micron’s HBM4 36GB 12-Hi product is ramping in 2026 and is designed into NVIDIA’s Vera Rubin platform.
Micron expects to ramp volume production of HBM4E in calendar 2027.
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