Memory makers are spending like the shortage will last, and Micron’s latest numbers show why.
The company reported $54.23B of revenue for the quarter ended September 3. A year earlier the same period produced $11.32B, and the full year more than tripled from fiscal 2025. Quarterly net income landed at $37.7B, or $32.87 a share.
DRAM supplied the bulk of it, $39.8B and up 343 percent, while NAND added $14.1B, up 526 percent. Every one of Micron’s four units set a record, led by core data center at $18B and cloud memory at $16.3B. Data center solid-state drives alone approached $10B, above ten times their year-ago level.
Guidance for the current quarter sits near $61.5B of revenue and $38.15 a share, both ahead of analyst consensus. Capital spending, net, was $10.77B in the quarter and $27.37B over the year, and the balance sheet closed with $73.48B of cash and investments.
Chief executive Sanjay Mehrotra pointed to a deep roadmap for high-bandwidth memory and to work with Nvidia on a custom HBM part. Micron has also started sampling 512GB DDR5 RDIMM modules rated up to 9,200 MT/s, which it calls an industry first.
