“Micron's Biggest Story Isn't Memory, It's U.S. Treasuries”
MU memory supply is sold out through 2028; massive balance sheet cash creates an earnings floor against future cyclical downturns, marking a structural positive shift.
This is a chart updated right after Micron's Q4 fiscal 2026 report just a little while ago, and look at that huge jump in interest and investment income and its effect on earnings per share.
We don't have free cash flow per share yet. The 2026 annual report hasn't been filed yet by Micron, but we're gonna be talking about this. Let's talk about Micron. It was, again, obviously, and as expected, a very good report.