Micron Technology

US memory maker and the third major supplier of HBM for AI chips.

Guides fiscal Q1 2027 revenue of $61.5B, plus or minus $1.5B.

https://www.micron.com

What it is

Micron makes DRAM, NAND flash and high-bandwidth memory. In March 2026 it said it was in high-volume production of 36GB 12-high HBM4 for Nvidia’s Vera Rubin. It also runs an assembly and test plant at Sanand in Gujarat. That plant packages memory. It does not make wafers.

Why it matters for AI

Memory is now one of the tightest links in the AI supply chain and Micron’s numbers show it. Fiscal 2026 revenue reached $133.19B. Fourth-quarter revenue was almost five times the year before. Micron says it has agreed the vast majority of its calendar 2027 HBM supply. It is also working with Nvidia on a custom HBM4E design called NVHBM.

Founders and CEO: Ward Parkinson, Joe Parkinson, Dennis Wilson and Doug Pitman. CEO Sanjay Mehrotra
Founded: 1978
Headquarters: Boise, United States
Role in AI: Memory: HBM and DRAM
How it earns: Sells memory and storage to cloud providers, GPU makers and PC and phone makers, often under long-term agreements.

Revenue

Jun 2026: $41.46B (quarterly revenue (fiscal Q3 2026) · company-reported) · IIFL
Sep 2026: $54.23B (quarterly revenue (fiscal Q4 2026, ended 3 Sep) against $11.32B a year earlier · company-reported) · SEC (Micron 8-K)
Sep 2026: $16.28B (Cloud Memory unit revenue (fiscal Q4 2026), led by HBM. Micron does not report HBM revenue on its own) · The Next Platform
Sep 2026: $133.19B (full fiscal 2026 revenue · company-reported) · SEC (Micron 8-K)

Deals and milestones

Feb 2026: Sanand plant ships first made-in-India memory modules, Assembly and test · not a wafer fab · IBS Electronics
Mar 2026: Sanand assembly and test plant formally opened, About $2.75B combined investment by Micron and government partners · CRN Asia
Mar 2026: HBM4 in high-volume production for Nvidia Vera Rubin, 36GB 12-high stacks · over 2.8TB/s (company claim) · Let’s Data Science
Sep 2026: Most of calendar 2027 HBM supply agreed, With significant year-on-year price rises (company statement) · The Next Platform

Latest news

2026-10-02: Cloud Memory unit sales reach $16.28B as Micron confirms a custom HBM4E design with Nvidia · The Next Platform
2026-09-30: Record fiscal Q4 revenue of $54.23B and fiscal 2026 revenue of $133.19B · SEC (Micron 8-K)
2026-06-25: Record fiscal Q3 revenue of $41.46B on AI memory demand · IIFL
2026-03-16: Micron confirms high-volume HBM4 production for Nvidia Vera Rubin at GTC 2026 · Let’s Data Science
2026-03-02: Micron opens India’s first semiconductor assembly and test plant at Sanand in Gujarat · CRN Asia