Micron Technology

Memory and storage chipmaker; DRAM, high-bandwidth memory and NAND

Overview

Micron Technology makes DRAM, NAND and NOR memory and storage products, which it manufactures mainly in its own facilities[4]. Its fiscal 2026, which ended on 3 September 2026, produced revenue of US$133,188 million, more than three times the US$37,378 million of fiscal 2025[4]. The 10-K attributes US$100.68 billion of that to DRAM and US$31.79 billion to NAND[4], reflecting the sharp rise in demand and prices for memory used in AI data centres. Micron is headquartered in Boise, Idaho, is incorporated in Delaware and is listed on Nasdaq. It reported approximately 61,000 employees, located primarily in Asia, North America and Europe[4]. Memory is a cyclical market, and the size of the fiscal 2026 increase moved Micron from outside the top ten into fourth place.

Micron Technology strengths and limitations

Strengths

  • Sales growth of 85.5%
  • Profit up roughly fivefold
  • Largest US memory company

Limitations

  • Memory market is cyclical
  • Heavy capital spending
  • Smaller than SK hynix

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