Record-Breaking Revenue and Growth
Micron Technology, Inc. delivered fiscal Q1 revenue of $13.6 billion, up 21% sequentially and 57% year over year, setting a quarterly record for the third consecutive quarter.
Strong Performance Across Business Units
All business units reported record revenues, with Cloud Memory Business Unit at $5.3 billion, Core Data Center Business Unit at $2.4 billion, Mobile and Client Business Unit at $4.3 billion, and Automotive and Embedded Business Unit at $1.7 billion.
Improved Gross Margins
The consolidated gross margin for fiscal Q1 was 56.8%, up 11 percentage points sequentially, driven by higher pricing, strong cost execution, and favorable mix.
HBM Market Leadership
Micron forecasts an HBM TAM CAGR of approximately 40% through 2028, with the market size projected to reach $100 billion by 2028, two years earlier than previously expected.
Technological Advancements
Micron is ramping its 1-gamma DRAM node and G9 NAND node, which will drive supply growth in 2026. The company is also leading in AI-driven demand with its HBM4 product offering industry-leading performance.