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Companies · MU

MU Reported this cycle

Micron Technology

Boise, ID Semiconductors

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Latest analysis

Updated Aug 26, 2026

Micron realigns executive team with dual COO/CTO structure to accelerate AI-driven memory innovation and growth.

Micron promoted Manish Bhatia to President and COO and Dr. Scott DeBoer to President and Chief Technology and Products Officer, effective immediately, to align its organization for AI-driven demand across memory and storage. Bhatia now owns the operating P&L, capital investment, manufacturing, and customer delivery; DeBoer leads technology roadmap and Micron Research Labs. Sumit Sadana, former EVP and Chief Business Officer, transitioned to Senior Advisor to the CEO. The restructuring reflects management's view that AI is driving broad-based demand for higher-performance, differentiated memory solutions across existing and new customers.

Tone: bullish

Revenue

$37.4B

MU 10-K · FY 2025

Employees

53,000

Revenue growth YoY

+49%

Headquarters

Boise, ID

Profile

MU 10-K Item 1 · Oct 3, 2025

Micron Technology is a global leader in semiconductor memory and storage solutions, manufacturing DRAM, NAND, and NOR products sold under the Micron and Crucial brands. The company serves data center, mobile, client, automotive, industrial, and consumer end markets through four reportable business segments. AI-driven demand for high-bandwidth memory and data center storage is the dominant growth catalyst reshaping Micron's revenue mix.

Read filing description ↓

We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND, and NOR memory and storage products through our Micron and Crucial brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. We manufacture our products at wholly-owned facilities and also utilize subcontractors for certain manufacturing processes. Our global network of manufacturing centers of excellence not only allows us to benefit from scale while streamlining processes and operations, but it also brings together some of the world's brightest talent to work on the most advanced memory technology. We continue to make significant investments to develop proprietary product and process technology, which generally increases bit density per wafer and reduces per-bit manufacturing costs of each generation of product. We continue to introduce new generations of products that offer improved performance characteristics, including higher data transfer rates, advanced packaging solutions, lower power consumption, improved read/write reliability, and increased memory density. We face intense competition in the semiconductor memory and storage markets. Our success is largely dependent on obtaining returns on our R&D investments, efficient utilization of our manufacturing infrastructure, development and integration of advanced product and process technologies, market acceptance of our diversified portfolio of semiconductor-based memory and storage solutions, and efficient capital spending.

Primary products

  • DRAM
  • High-Bandwidth Memory (HBM)
  • Double Data Rate (DDR)
  • Low-Power DRAM (LPDDR)
  • Graphics DRAM (GDDR)
  • NAND

Business segments

Cloud Memory Business Unit (CMBU) Core Data Center Business Unit (CDBU) Mobile and Client Business Unit (MCBU) Automotive and Embedded Business Unit (AEBU)

End markets

Data center Hyperscale cloud Mid-tier cloud Enterprise Mobile Client PC Consumer Automotive Industrial Consumer embedded

Geographies

United States Taiwan Singapore Japan Malaysia China India Europe

Named competitors

Samsung Electronics Co., Ltd. SK hynix Inc. Kioxia Holdings Corporation Sandisk Corporation ChangXin Memory Technologies, Inc. (CXMT) Yangtze Memory Technologies Co., Ltd. (YMTC)
“We face intense competition in the semiconductor memory and storage markets from a number of companies, including Samsung Electronics Co., Ltd.; SK hynix Inc.; Kioxia Holdings Corporation; Sandisk Corporation; ChangXin Memory Technologies, Inc. ('CXMT'); and Yangtze Memory Technologies Co., Ltd. ('YMTC').” Competitive position, as stated in the filing

Revenue commentary · FY 2025

Total revenue for 2025 increased 49% as compared to 2024 primarily due to increases in sales of both DRAM and NAND products, driven by AI-fueled demand in cloud and data center markets.

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