Micron Expands Partnership With General Motors. What That Means for MU Stock.

Apart from the strikingly excellent Q3 numbers, what captured the imagination of Wall Street were Micron's (MU) set of Strategic Customer Agreements, or SCAs. Spanning across industries, 14 out of 16 of these “take or pay” agreements have a minimum contracted revenue value of $100 billion over their terms, and $22 billion has already been secured in cash deposits and financial commitments. Notably, the company expects these commitments to represent half of its revenues soon.

Now, in its latest earnings call, Micron has outed the name of one key customer: General Motors (GM).