Micron Technology

Micron makes memory chips that help computers, phones, and cars store and access data quickly. Its products power cloud servers, smartphones, and vehicles, making digital tasks faster and more reliable. These memory solutions are essential for industries needing fast, secure data handling every day.

Memory Lane: What Micron Sells

• DRAM (Dynamic Random Access Memory): Fast, temporary memory for computers, servers, and mobile devices; 79% of Q2 2026 revenue.
• NAND: Long-term, re-writeable storage for phones, solid-state drives, and consumer electronics; 21% of Q2 2026 revenue.
• NOR: Quick-access, non-volatile memory for code storage in cars and industrial devices; less than 1% of Q2 2026 revenue.
• Solid-State Drives (SSDs): Storage devices using NAND chips, found in laptops, data centers, and gaming systems.
• Embedded Solutions: Custom memory for automotive, industrial, and consumer electronics, supporting smart features and safety systems.

Micron on the Move: Growth and Expansion

• Acquired a wafer fabrication plant in Taiwan for $1.8 billion in 2026.
• Opened new manufacturing sites in Idaho and New York, U.S, starting in 2025, with CHIPS Act support.
• Expanded and modernized facilities in Singapore and Japan for advanced memory production in 2025-2026.
• Launched an assembly and test facility in India, ramping up in 2026.
• Invested in high-bandwidth memory and advanced packaging to meet AI and data center demand.

Micron’s Secret Sauce: What Sets It Apart

Micron operates a global manufacturing network, with production centers in the U.S. Asia, and Europe. The company invests heavily in new technology to increase memory capacity and lower costs. Its broad customer base includes cloud providers, phone makers, and car manufacturers, supporting stable demand across industries.

Five Things You Need to Know

• Revenue was $23.86 billion in Q2 2026, up 196.3% from Q2 2025.
• Gross margin reached $17.76 billion in Q2 2026, up 499% year-over-year.
• International sales made up about 80% of revenue in 2025.
• Operating cash flow was $20.31 billion for the six months ended Feb 26, 2026, up from $7.19 billion a year earlier.
• Estimated capital expenditures for property, plant, and equipment in 2026 will be above $25 billion, driven by global expansion.

Bottom Line

Micron has grown by expanding its global footprint and investing in advanced memory technology. Its products are now central to cloud computing, mobile devices, and automotive systems worldwide.