Micron Technology, Inc. is an American multinational semiconductor company that manufactures computer memory and computer data storage products, including dynamic random-access memory, flash memory, and solid-state drives. Founded in 1978 in Boise, Idaho, Micron is the only major American computer memory manufacturer.
“AIdriven demand has made Micron's business into nothing short of a money printer right now. So, let's take a look at these crazy financials.”
“In Micron's most recent quarter, they posted 13.6 billion in revenue. That's up 57% from last year.”
“net income hit 5.2 billion in a single quarter. That's up 180% year-over-year.”
“Free cash flow set a new quarterly record at 3.9 billion”
“operating income grew 182% significantly faster than revenue.”
“To capture even more of this demand, Micron is spending 20 billion on capex in 2026, mostly for onore plants aided by US subsidies under the chips act.”
“Micron Technology is one of the world's leading manufacturers of memory chips, mainly DRAM, flash memory, and high bandwidth memory or HBM.”
“Anyway, Micron's core data center business unit makes DRAM and NAND memory for traditional nonI data centers. Core data revenues came in at around $2.4 billion and 37% operating margins, which is basically flat year-over-year.”