Micron Technology projected fiscal year 2026 revenue exceeding $50 billion, a figure that sailed past analyst expectations.
The numbers behind the hype
Micron’s fiscal second quarter of 2026 delivered $23.86 billion in revenue. That’s a 196% increase year-over-year.
The engine behind this surge is high-bandwidth memory, or HBM. These are the specialized chips that AI data centers devour in enormous quantities to power everything from large language models to image generators.
Every unit of HBM that Micron can produce through the end of calendar year 2026 has already been claimed. Sold out. Zero availability.
