MEASUREMENT STARTING POINTS
Company Baselines
Sourced facts needed to measure a catalyst from a declared starting point. These records are not earnings summaries, forecasts, impact findings or grades.
Baseline standard
Relevant · every fact connects to a defined measurement question.
Dated · the baseline and each reported period remain visible.
Sourced · each fact links to its primary evidence.
Labeled · reported facts and N-Ledger calculations remain distinct.
PUBLISHED BASELINES
Measurement records
Technology · Hardware · MU · baseline Oct 14, 2026
Micron Technology, Inc.
Micron: Can Strategic Customer Agreements Make Its Memory Earnings Less Cyclical?June 24 detailed SCA disclosure is the program baseline; October 14 is the evidence cutoff. Audited September 3 RPO and deposits and later September 30 management estimates remain distinct. The agreements occurred, but floor protection in falling prices remains untested. No star, outcome grade, pass condition, persistence count or terminal horizon is assigned.
| Measurement | Starting fact | Why it matters | Evidence |
|---|---|---|---|
| Strategic Customer Agreements signed | 16 agreementsJune 24, 2026 · Company statement | Initial detailed program baseline, not realized floor protection. | Source ↗ |
| Strategic Customer Agreements signed | 26 agreementsSeptember 30, 2026 · Company statement | Later count; do not mix its population with the audited September 3 RPO. | Source ↗ |
| Remaining performance obligation | $134B USDSeptember 3, 2026 · Audited minimum-price backlog | Contract scale; recognition and margins under falling prices remain unobserved. | Source ↗ |
| Remaining performance obligation, management snapshot | ~$150B USDSeptember 30, 2026 · Company statement | Later to-date population; not an audited roll-forward of September 3 RPO. | Source ↗ |
| Estimated SCA revenue coverage through 2030 | >35% percentSeptember 30, 2026 · Company estimate | Potential scale, not realized protection in a down cycle. | Source ↗ |
| Customer financial commitments, management snapshot | $32B USDSeptember 30, 2026 · Company statement | Mostly customer deposits; commitments are not cash proceeds or recognized revenue. | Source ↗ |
| Noncurrent customer contract liabilities | $12.895B USDSeptember 3, 2026 · Audited balance sheet | Customer deposits with conditional refund obligation; not revenue. | Source ↗ |
| Customer deposit cash proceeds | $12.747B USDFY2026 · Reported financing cash inflow | Financing receipt, excluded from operating and adjusted free cash flow. | Source ↗ |
| Letters of credit issued or committed | $7B USDSeptember 3, 2026 · Audited contingent security | Draw rights depend on specified default or breach; not cash collected. | Source ↗ |
| SCA-specific revenue and gross margin | Not disclosedEvidence through October 14, 2026 · Disclosure gap in records reviewed | No SCA cohort economics or falling-price floor test is established. | Source ↗ Supporting 1 ↗ Supporting 2 ↗ |
Public readers can inspect baseline facts for public research. Individual, Professional, Business and Enterprise clients receive company baselines across their applicable coverage.