Ac t i o n | 30 Sep 2026 23:39:49 ET │ 15 pages Micron Technology Inc (MU.O) Supply Tightens; Buybacks Await CITI'S TAKE Micron reported "beat and raise" Aug-Q results. Fundamentally, Micron expects DRAM supply/demand ratio to tighten through FY28 (ends Aug 2028) due to decelerating DRAM bit supply growth or low 20s next year from mid 20s this year on higher HBM sales mix and trade ratio. On NAND, Micron expects NAND bits to grow mid 20s from low 20s this year. Gross margins come down in the Nov-Q on higher ...