Record Performance Amid AI Memory Boom.. CEO Sells Large Stake

Micron Technology, Inc. (Nasdaq: MU) reported in its Form 8-K for the third quarter of fiscal 2026 that revenue reached approximately $41.4 billion and GAAP net income was about $28.2 billion, representing substantial year-over-year and sequential growth. Driven by AI demand and strategic customer contracts, the company is seeing broad-based growth across all product lines—HBM, DDR5, LPDDR5X, SSD and automotive memory. Micron expects fourth-quarter revenue of roughly $50 billion (about ₩70 trillion), non-GAAP diluted EPS near $31, and will pay a $0.15 per-share cash dividend on July 21. On June 26, CEO Sanjay Mehrotra, under a January 10b5-1 trading plan, sold tens of thousands of shares in two open-market transactions, raising tens of millions of dollars (hundreds of billions of won), while retaining hundreds of millions of dollars in direct and indirect holdings.

Micron recently entered a strategic collaboration with AI startup Anthropic to leverage the Claude AI model for advanced HBM, DRAM and SSD design, and to expand its AI-infrastructure memory supply over the long term. Industry observers note that Micron’s HBM capacity is effectively sold out through 2026, with AI data-center demand projected to outstrip supply into 2027 and beyond—driving continued price strength and tight supply in HBM and server DRAM.

Headquartered in Boise, Idaho, Micron ranks among the global leaders in DRAM, NAND flash and high-bandwidth memory alongside Samsung Electronics and SK Hynix, supplying PC, smartphone, server and automotive markets. As HBM and server DRAM become critical components in AI accelerators and data centers, the memory industry is shifting from a volatile, commodity-DRAM model to one in which long-term supply agreements with major customers are strategic assets.