"Micron's fiscal Q2 2026 results crystallized the bull thesis. Revenue nearly tripled year over year (YoY) to $23.9 billion, with consolidated gross margin hitting a company-record 75% and non-GAAP earnings per share (EPS) of $12.20."
"AI has not just increased demand for memory; it has fundamentally recast memory as a defining strategic asset in the AI era, according to Micron Technology CEO Sanjay Mehrotra."
"The bulls argue that Micron isn't the same boom-and-bust DRAM name it was a decade ago. HBM demand is locked into AI accelerator roadmaps at NVIDIA, AMD, and hyperscaler custom silicon."
"The HBM market is a three-player oligopoly shared with SK Hynix and Samsung, and Micron is the only American HBM supplier."
Micron Technology's stock has increased 7% recently, reflecting a 103% rise year-to-date and a 618% increase over the past year. The company's fiscal Q2 2026 results showed revenue nearly tripling to $23.9 billion, with a record gross margin of 75%. CEO Sanjay Mehrotra emphasized that AI has transformed memory into a strategic asset. The demand for high-bandwidth memory (HBM) is expected to grow significantly, with major investments from tech giants, positioning Micron as a key player in the AI hardware market.
Read at 24/7 Wall St.
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