MU

Micron Technology

Memory & StorageAI exposure: Significant

High-bandwidth memory (HBM) for AI accelerators, plus DRAM and NAND.

Alerts for MU

01What does it supply?

Products, customers, and where it sits in the AI stack.

What the company does

Designs and manufactures memory and storage chips: DRAM, NAND flash, and HBM.

Its role in AI

One of three HBM suppliers worldwide; HBM is stacked next to every leading AI accelerator. Also sells the server DRAM and data-center SSDs AI systems consume.

02How much does AI matter to its business?

Significant. A large and growing share of revenue or spending is AI-related.

Reported figures come from the company's own filings and releases. Estimates are third-party or editorial and are kept separate. The exposure label is an editorial judgment.

Reported by the company

Cloud Memory Business Unit revenue $13,769 million (vs $3,386 million a year ago); Core Data Center Business Unit revenue $11,524 million (vs $1,530 million a year ago).Source · Fiscal Q3 2026, quarter ended May 28, 2026
Total revenue $41.46 billion versus $23.86 billion prior quarter and $9.30 billion a year ago; data center revenue exceeded $25 billion, an annualized run rate of over $100 billion.Source · Fiscal Q3 2026, quarter ended May 28, 2026
HBM4 12-high volume ramp tracking twice as fast as HBM3E 12-high; over $1 billion in HBM4 revenue already shipped; data center SSD revenue exceeded $5 billion, more than doubling sequentially.Source · Fiscal Q3 2026, quarter ended May 28, 2026
Fiscal Q4 2026 guidance: revenue $50.0 billion plus or minus $1.0 billion, gross margin ~86%, non-GAAP EPS $31.00 plus or minus $1.00; fiscal 2026 capex approximately $27 billion, FQ4 capex around $10 billion.Source · Guidance issued June 24, 2026 for quarter ending ~Sept 3, 2026

Estimates

No third-party or editorial estimates are listed for MU. Only company-reported figures are shown at present.

Key financial metrics, by reporting period

Company-reported, via TradingView

03What should visitors watch next?

Earnings, product launches, customer spending, and the risks that matter.

Next earnings

2026-09-30

Fiscal fourth quarter 2026 earnings conference call, 2:30 p.m. Mountain time

Source

Last earnings release: 2026-06-24 (8-K)

Watch list

Fiscal Q4 2026 results on Sept 30, 2026 versus guidance of $50.0 billion revenue plus or minus $1.0 billion and ~86% gross margin source
HBM4E volume production expected in calendar 2027 and HBM4 12-high yield maturation; Singapore HBM packaging capacity contributing from 1H calendar 2027 source
Idaho ID1 fab first wafer output targeted mid-calendar 2027 and fiscal 2027 quarterly capex guided above FQ4 levels, over half of the increase from construction source

Growth drivers

CEO Sanjay Mehrotra: record results and stronger Q4 outlook 'reflect the strategic value of memory in the AI era'; multi-year Strategic Customer Agreements expected to enhance durability of performance source
Agentic AI is structurally reshaping data center infrastructure beyond accelerator-only racks to include CPU racks, driving memory bandwidth and capacity demand source
Management expects DRAM and NAND supply-demand conditions to remain tight beyond calendar 2027 as a result of AI-driven demand source

Risks

Future success depends on developing and producing new competitive memory and storage technologies (including advanced HBM stacking), and competitors could achieve cost or performance advantages source
Geopolitical risks from international operations, including the Cyberspace Administration of China's 2023 restriction on Micron sales to critical infrastructure operators, which reduced China revenue source
Semiconductor memory and storage markets are highly competitive, with state-backed Chinese competitors (CXMT, YMTC) and potential oversupply pressuring pricing and share source

Recent developments: SEC filings

Source: SEC EDGAR · refreshed every 15 min

8-KCurrent report · items 5.02,9.012026-08-26document folder
10-QQuarterly report2026-06-25document folder
8-KEarnings release · items 2.02,9.012026-06-24document folder
8-KCurrent report · items 5.02,9.012026-06-09document folder
S-8Employee stock plan registration2026-04-17document folder
8-KCurrent report · items 8.01,9.012026-04-01document folder
8-KCurrent report · items 8.01,9.012026-03-25document folder
10-QQuarterly report2026-03-19document folder
8-KEarnings release · items 2.02,9.012026-03-18document folder
8-KCurrent report · items 5.03,5.07,9.012026-01-21document folder
10-QQuarterly report2025-12-18document folder
8-KEarnings release · items 2.02,9.012025-12-17document folder

Insider trades

Form 4, last 6 filings

Insider	Transaction	Shares	Avg price	Filed
Bjorlin Alexis Director	Open-market sale · disposed	25	$1,132.33	2026-08-28
MEHROTRA SANJAY Director, President and CEO	Open-market sale · disposed	40,000	$968.90	2026-08-25
Sadana Sumit EVP and Chief Business Officer	Open-market sale · disposed	15,000	$934.29	2026-08-20
MEHROTRA SANJAY Director, President and CEO	Open-market sale · disposed	8,715	$951.72	2026-07-28
MEHROTRA SANJAY Director, President and CEO	Open-market sale · disposed	31,285	$926.83	2026-07-28
ALLEN SCOTT R. CVP, Chief Accounting Officer	Open-market sale · disposed	879	$1,000.00	2026-07-27

News

Related companies in Memory & Storage

Original sources

Investor relations — earnings dates, releases, presentations
SEC EDGAR company page — every filing (CIK 0000723125)
TradingView symbol page — full chart and data

Research note — Fiscal year ends early September, so FY2026 Q4 (ending ~Sept 3, 2026) has not been reported yet. The IR-site copy of the Q3 press release returned 404 twice; used the identical 8-K Exhibit 99.1 on sec.gov plus prepared remarks on the IR CDN. The 10-K read is for fiscal 2025 (filed Oct 2025).