Micron (MU) Signs 16 Supply Agreements, Price Surge Expected

Micron Technology, Inc. (NASDAQ: MU) has signed 16 strategic customer agreements, raising its remaining performance obligations from approximately $5 billion to around $100 billion. TrendForce estimates that conventional DRAM contract prices increased by 93%–98% in Q1 2026, with predictions for a further 58%–63% rise in Q2. SanDisk Corporation (NASDAQ: SNDK) has secured five multi-year supply agreements, totaling $42 billion. Both companies are adapting to the memory shortage, with Micron trading at a forward P/E ratio of 5.95x and SanDisk at 6.97x, both significantly below the S&P 500's ratio of about 21%. This information highlights investment opportunities as demand for memory continues to grow.