MU — Micron Technology
Micron Technology: what they do, key numbers, and conditions we are monitoring.
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MU — Micron Technology
Memory & HBM • Monitoring
What They Do
Micron manufactures DRAM and NAND memory, including High Bandwidth Memory (HBM) that is essential for AI accelerators. HBM sits directly on top of AI chips and determines how much data they can process simultaneously, making Micron a critical supplier in the AI hardware stack.
Key Numbers
| Q2 FY2026 Revenue | $23.9B |
| Revenue Growth (YoY) | +196% |
| Market Cap | ~$420B |
| Forward P/E | ~10-12x |
| HBM Revenue (CY2026 est.) | $12-16B |
| HBM Market Share | 22-29% |
| Capex Commitment | $25B+ |
| Next Earnings | Jun 2026 (est.) |
What We’re Watching
- Whether Micron's HBM lead holds as Samsung clears HBM3E qualification and plans 50% capacity expansion
- HBM revenue as a percentage of total revenue and margin trajectory
- Impact of quantization and memory compression techniques on total HBM demand
Sources: Micron 10-K and 10-Q filings (SEC EDGAR) | Yahoo Finance (MU)
Last Updated: April 15, 2026
This page contains publicly available information organized for research purposes. It is not investment advice, analysis, or a recommendation. Do your own work.