{
  "id": 14396034,
  "title": "No Single Customer Accounts for 10% of Micron's Sales Anymore, and That Lowers One Risk in the Stock",
  "url": "https://urgent.news/2026/10/14/no-single-customer-accounts-for-10-of-microns-sales-anymore-and-that",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T07:13:02.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/investing/2026/10/14/no-single-customer-accounts-for-10-of-micron-s-sales-anymore-and-that-lowers-one-risk-in-the-stock/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "Micron Technology's annual report for the fiscal year ending September 3, 2026 shows a decreased reliance on a single customer for its sales. Previously, one customer accounted for 17% of Micron's revenue in fiscal 2026, down from 10% in the previous year. Despite this shift, Micron still depends heavily on the cloud memory business unit and data centers for revenue, which together account for around 60% of the company's total sales. The largest customer spent over $6.4 billion on Micron's products in fiscal 2025, but its share of revenue declined as other customers' purchases increased. While Micron has signed 26 multi-year deals with customers, covering over 35% of its revenue through 2030, this still leaves a significant portion of sales unprotected. The company's earnings per share nearly tenfolded to $74.33 in fiscal 2026, but the stock trades at a low price-to-earnings ratio of around 13 times earnings, indicating that investors may anticipate future declines in profitability due to potential drops in memory prices.",
  "summary": "One buyer supplied 17% of the memory chipmaker's revenue a year ago. Did it buy less, or did everyone else buy more?",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nasdaq Markets",
        "title": "No Single Customer Accounts for 10% of Micron's Sales Anymore, and That Lowers One Risk in the Stock",
        "url": "https://urgent.news/2026/10/14/no-single-customer-accounts-for-10-of-microns-sales-anymore-and-that-14404218",
        "published": "2026-10-14T07:33:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}