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Micron Technology :
MU
MU
Stock Data
$937.00
$42.30 (4.32%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
TECHNOLOGY
Industry
SEMICONDUCTORS
Micron Technology Inc is a global leader in memory and storage solutions, offering a wide range of products under the Micron and Crucial brands. Founded in 1978 and based in Boise, Idaho, the company specializes in dynamic random access memory, non-volatile storage devices, and other semiconductor technologies. Micron caters to various markets, including cloud servers, enterprise systems, graphics, networking, automotive, and mobile devices. It sells its products through direct sales, distributors, and online channels, serving both consumer and industrial needs with its innovative technologies.
Latest Activity
Micron's record fiscal Q3 financial results and even stronger outlook for Q4 reflect the strategic value of memory in the AI era.
Micron's record Q3 results and stronger Q4 outlook show memory chips are the beating heart of AI infrastructure, signaling the boom is far from finished as data center demand stays relentless.
Micron is investing at record levels in technology, products and supply to address our customers' rapidly growing demand. We believe our multi-year Strategic Customer Agreements will significantly enhance the durability and predictability of Micron's strong financial performance.
Micron's CEO signals record-level investment and multi-year customer contracts to lock in predictable revenue growth as demand for its chips surges.
Micron crushed expectations with $41.46 billion in revenue, up 346% year-over-year, as AI-driven demand for memory and storage transformed the company's financial profile. The $25.11 EPS beat consensus by 24% while gross margins exploded to 84.6% from 37.7%, and forward guidance of $50 billion in Q4 revenue signals the memory boom is just getting started.
Micron reports earnings today after market close as the memory chip supplier faces make-or-break questions on whether AI demand will sustain a projected 2026 market boom amid persistent supply concerns.
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