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Micron’s CEO Says Even His Own Customers Couldn’t See This Coming. Now He’s Spending $200 Billion
Key takeaways
- Micron’s CEO Says Even His Own Customers Couldn’t See This Coming.
- Mehrotra says Micron can only fill 50% to 67% of key customer demand, a supply gap he calls the worst ever seen in DRAM history.
- At a 7x forward P/E despite 39 analyst Buy ratings and a $1,454 consensus price target, the market still prices Micron like a cyclical chip stock.
Micron’s CEO Says Even His Own Customers Couldn’t See This Coming. Now He’s Spending $200 Billion Omor Ibne Ehsan Thu, July 2, 2026 at 11:42 PM GMT+7 4 min read MU Quick Read Micron (MU) absorbed a $5.83B net loss in FY2023, invested $10B into capacity anyway, and now guides a single quarter to $50B in revenue.
Mehrotra says Micron can only fill 50% to 67% of key customer demand, a supply gap he calls the worst ever seen in DRAM history.
At a 7x forward P/E despite 39 analyst Buy ratings and a $1,454 consensus price target, the market still prices Micron like a cyclical chip stock.
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