No Single Customer Accounts for 10% of Micron’s Sales Anymore, and That Lowers One Risk in the Stock
Micron Technology (NASDAQ:MU) filed its annual report on Oct. 9, and it shows a shift in who buys the memory chipmaker’s products. No customer accounted for 10% or more of revenue in fiscal 2026 (the 53 weeks ending Sept. 3, 2026). A year before, one customer made up 17% of sales.
Put another way, Micron’s top buyer matters less to its results than it did a year ago. The shift came as revenue climbed 256% year over year to about $133 billion. And it comes with the stock off about 14% from its Oct. 7 close, at roughly $936 as of this writing.
Relying less on one buyer does lower a risk to shareholders. But I think the report also shows that Micron’s bigger dependence is still there.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.