MICRON TECHNOLOGY (MU) Company Report

Micron to exit the Crucial consumer business, ending shipments of Crucial-branded products by the end of fiscal Q2 (February 2026).
Decision driven by AI-driven growth in data centers, reallocating supply and support to larger strategic customers.
Will continue Micron-branded enterprise and commercial product sales globally beyond Q2 2026.
Plans to redeploy impacted employees into existing open positions across the company.

1 day ago

Press Release

Micron shares slump nearly 8% on capital spending concerns

Shares fell nearly 8% in one session, their largest single-day drop since April 2025, after executives warned of rising capital expenditures at the Global Technology Conference.
The decline extended a multi-day losing streak, totaling a 15.68% drop over four days—Micron’s worst such stretch since April 2025.
CFO Mark Murphy flagged pressure on the company’s $18 billion annual capex, while CTO Scott DeBoer emphasized Micron’s strong technology position and upcoming product developments.
Analysts expect supply constraints for high-bandwidth memory through end-2026, with potential for stronger profitability in core DRAM products.

Nov 19, 2025, 6:09 PM

Morningstar

Micron forecasts extended memory tightness and HBM4 ramp at 2025 TIMT Conference

Guidance Update

New Projects/Investments

Share Buyback

Data center and AI-driven demand expected to sustain memory market tightness beyond 2026, prompting customers to seek multi-year supply contracts.
HBM supply for calendar 2026 fully contracted for HBM3E and HBM4; HBM4 ramp begins in Q2 2026 with yields above 11 Gb/s performance.
Gen 9 NAND and 4-bit QLC technology fueling high-density PCIe Gen 5 and Gen 6 data center SSDs, supporting a robust NAND recovery.
CapEx guidance to rise above prior $18 billion run rate amid capacity expansion; debt reduced to under $12 billion and net cash position targeted soon.

Nov 19, 2025, 1:15 PM

Transcript

Micron announces full HBM 2026 contracts and technology leadership

Product Launch

New Projects/Investments

Micron reports that data center demand is especially strong, with business conditions improving since its September call, and that HBM supply is fully contracted for calendar 2026 across both HBM 3E and HBM 4.
Industry supply remains tight due to clean-room constraints; inventories are lean, DRAM is below target and NAND is expected to reach target levels by year-end, with supply growth driven by node-transition ramps, productivity gains, and new clean-room capacity under construction.
Micron highlights its strongest-ever technology position in both DRAM and NAND, with four consecutive nodes of leadership, mature one-beta and one-gamma DRAM nodes ramping now, forthcoming planar delta/epsilon nodes, and a roadmap to true 3D DRAM when cost and performance crossovers align.
The company’s internally developed HBM 4 is optimized on Micron’s metallization and CMOS, designed for yields above 11 Gbps, with qualification milestones hit and customer systems qualifying in Q2 2026 ahead of a second-half ramp.
On NAND, Gen 9 QLC technology is in high-volume production, underpinning substantial data-center SSD growth, with Micron leading first deployments of PCIe Gen 6 data-center drives after success on PCIe Gen 5.

Nov 19, 2025, 1:15 PM

Transcript

Micron outlines extended memory tightness and HBM 4 benchmarks

Micron expects DRAM supply tightness to continue beyond 2026 and has fully contracted its HBM 3E and HBM 4 supply for calendar 2026 via multi-year customer agreements.
The company’s internally developed HBM 4 is designed to operate above 11 Gbps at high yields, leveraging Micron’s proprietary metallization and CMOS, positioning it as an industry performance benchmark.
On NAND, Micron’s Gen 9 high-density data center SSDs in 4 bit-per-cell QLC are ramping in volume, leading with PCIe Gen 5 and first-to-market PCIe Gen 6 data center drives.
Disciplined capex and inventory management during the downturn has left wafer capacity constrained, prompting plans to raise its $18 billion run-rate capex guidance in the coming earnings update.
Internally, Micron is deploying GenAI across workflows with a smart manufacturing group since 2019, reporting 30–40% productivity gains in coding and targeting broad AI adoption as a competitive advantage.

Nov 19, 2025, 1:15 PM

Transcript

Micron ships Automotive UFS 4.1 to unlock intelligent mobility

Product Launch

Micron shipped qualification samples of its automotive UFS 4.1 solution featuring 4.2 GB/s bandwidth—double its predecessor—to accelerate data access for AI-driven in-cabin experiences and ADAS models.
Built on 9th-generation 3D NAND (G9) and meeting AEC-Q104 standards, UFS 4.1 offers up to 100,000 P/E cycles in SLC and 3,000 P/E cycles in TLC modes to ensure high endurance.
The solution delivers 30% faster device boot and 18% faster system boot, with thermal protection from –40 °C to 115 °C, enhancing reliability in harsh automotive environments.
Engineered for safety and security, UFS 4.1 achieves ASIL B compliance (ISO 26262), ASPICE Level 3 development standards, and supports real-time telemetry with exception notifications for predictive maintenance.

Nov 13, 2025, 2:00 PM

Press Release

ChipAgents raises $21M Series A to redefine chip design with AI

New Projects/Investments

Convertible Preferred Issuance

ChipAgents completed an oversubscribed $21 million Series A, bringing total funding to $24 million, led by Bessemer Venture Partners with participation from Micron, MediaTek, Ericsson and 50+ semiconductor leaders
The AI agent platform accelerated RTL code generation, testbench creation and verification, achieving a 6,377% month-on-month usage increase in H1 2025
It delivered >80% manufacturing yield rate in verification, was deployed at 50 leading semiconductor companies, and saw ARR grow 50× year-over-year at the start of its second year

Oct 22, 2025, 4:58 PM

Press Release

Micron backs ChipAgents with $21 M Series A funding

New Projects/Investments

Board Change

ChipAgents secured an oversubscribed $21 million Series A round—bringing total financing to $24 million—with strategic support from Micron, MediaTek and Ericsson.
The startup achieved a 6,377 % increase in monthly usage in H1 2025 and a 50× year-over-year ARR growth, with deployments at 50 leading semiconductor companies.
Industry veterans Wally Rhines (ex-Mentor Graphics), Raúl Camposano (ex-Synopsys CTO) and Jack Harding (ex-Cadence CEO) joined the advisory board.

Oct 22, 2025, 1:10 AM

Press Release

Micron-backed ChipAgents closes $21M Series A financing

New Projects/Investments

ChipAgents completed an oversubscribed $21 M Series A financing, bringing total funding to $24 M, led by Bessemer Venture Partners with participation from Micron Ventures, MediaTek, Ericsson and other semiconductor strategics.
The company’s AI-native EDA platform drove a 6,377% increase in monthly usage in H1 2025 and delivered 50× year-over-year ARR growth in its second year.
Its platform is deployed by 50 leading global semiconductor teams, automating natural language–driven RTL code generation, testbench creation, and verification to shorten design cycles and reduce costs.
A strategic advisory board featuring industry veterans Wally Rhines, Raúl Camposano and Jack Harding will accelerate product R&D and go-to-market expansion.

Oct 22, 2025, 12:53 AM

Press Release

Micron halts server chip sales to Chinese data centers

Demand Weakening

New Projects/Investments

Micron is halting sales of server memory chips to mainland China data centers after a 2023 ban on its critical-infrastructure products by Chinese authorities.
The ban impacted Micron’s China business, which generated $3.4 billion (12%) of its total revenue in the last fiscal year.
Micron will continue supplying selected Chinese clients operating data centers outside China (e.g., Lenovo) and maintain sales to automotive and smartphone sectors within mainland China.
Despite the halt in server chip sales, Micron is expanding its chip packaging facility in Xi’an, China, reflecting ongoing investment in the region.
Rivals Samsung, SK Hynix, and domestic producers YMTC and CXMT have gained market share in China with government support following Micron’s withdrawal.

Oct 17, 2025, 7:31 AM

CNBC

Earnings Transcripts

Quarterly earnings call transcripts for MICRON TECHNOLOGY.

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