Micron Technology Inc. (NASDAQ: MU) develops memory and storage technologies used across data centers, artificial intelligence, mobile devices, personal computers, automotive systems and industrial applications. The company designs and manufactures DRAM, NAND and NOR memory products that support compute-intensive workloads and data-driven applications across global markets.
The company’s portfolio is positioned at the center of several major technology transitions, including AI infrastructure buildouts, autonomous systems, advanced driver-assistance systems (“ADAS”), edge computing and on-device AI. Micron states that its products are helping enable longer AI context windows, deeper reasoning chains and increasingly memory-intensive computing architectures. The company also continues to expand its global manufacturing and research footprint to support long-term demand growth and technology development.
Micron emphasizes technology leadership, manufacturing execution and operational scale as core components of its strategy. The company has operated in the memory and storage industry for more than 45 years and states that it maintains one of the broadest memory and storage portfolios in the industry. Micron also highlights sustainability initiatives, global community support and workforce development as part of its long-term operating philosophy.
The company is headquartered in Boise, Idaho.
Products
Micron’s product portfolio spans DRAM, NAND and NOR memory technologies used across cloud computing, AI infrastructure, mobile devices, PCs, automotive systems and industrial applications. In fiscal Q2 2026, DRAM represented 79% of company revenue, while NAND represented 21% of revenue. The company reported record quarterly revenue across DRAM, NAND, high-bandwidth memory (“HBM”) and each of its business units during the quarter.
The company has focused heavily on AI-related memory and storage products, including HBM4 solutions designed for next-generation AI compute platforms, LP DRAM products for data centers and advanced SSD offerings for AI workloads and large-scale storage environments. Micron states that it has begun volume shipments of its HBM4 36GB 12H product designed for NVIDIA Vera Rubin systems and is developing next-generation HBM4E products expected to ramp in calendar 2027. The company also reported high-volume production of G9 NAND-based PCIe Gen6 data center SSDs and growing adoption of its 122TB high-capacity SSD platform.
Beyond the data center, Micron supplies products for personal AI workstations, smartphones, automotive applications and industrial systems. The company reported increasing adoption of higher-memory AI-enabled PCs and smartphones, including systems configured with 32GB or more of DRAM. In automotive, Micron stated that advanced autonomous driving platforms and smart cabin technologies are increasing memory requirements in vehicles, with Level 4 autonomous vehicles requiring more than 300GB of DRAM compared to approximately 16GB in many vehicles today.
Market Opportunity
Micron states that AI-driven demand is reshaping the global memory and storage industry. According to the company, AI demand is expected to drive DRAM and NAND data center bit total addressable market (“TAM”) above 50% of total industry TAM for the first time in calendar 2026. The company also expects both DRAM and NAND industry bit demand in calendar 2026 to be constrained by supply, with tight supply-demand conditions expected to continue beyond calendar 2026.
Micron expects industry DRAM bit shipments in calendar 2026 to grow in the low-20% range, while NAND industry bit shipments are expected to grow approximately 20% during the same period. The company attributes the demand environment to growth in AI servers, traditional server refresh cycles, increasing memory content in PCs and smartphones, and expanding AI adoption across automotive and robotics applications.
The company also expects long-term growth opportunities from emerging technologies such as robotics and autonomous systems. Micron stated that humanoid robots are expected to require compute platforms comparable to high-end Level 4 autonomous vehicles, creating significant future demand for memory and storage capacity. In support of anticipated long-term industry growth, Micron projects fiscal 2026 capital expenditures above $25 billion and expects fiscal 2027 spending to increase meaningfully to support HBM- and DRAM-related investments.
Leadership Team
Sanjay Mehrotra, Chairman, President and Chief Executive Officer, joined Micron in 2017 after co-founding SanDisk Corp. and serving as its president and CEO through its sale in 2016. He has more than 40 years of semiconductor memory industry experience, previously holding leadership and engineering roles at Intel Corp., SEEQ Technology and Integrated Device Technology. Mehrotra holds more than 70 patents related to flash memory technologies and was inducted into the National Academy of Engineering in 2022. He earned bachelor’s and master’s degrees in electrical engineering and computer science from the University of California, Berkeley and completed the Stanford Graduate School of Business Executive Program.
Scott J. DeBoer, Executive Vice President and Chief Technology and Products Officer, leads Micron’s global technology development and engineering operations, including silicon design, product engineering and memory systems development. He joined Micron in 1995 as a process technology engineer and has held multiple leadership roles within the company, including vice president of Process R&D and executive vice president of Technology Development. DeBoer holds more than 120 U.S. patents and currently chairs the National Institute for Standards & Technology Industrial Advisory Committee. He earned a bachelor’s degree from Hastings College and received master’s and doctorate degrees from Iowa State University.
Mark Murphy, Executive Vice President and Chief Financial Officer, joined Micron in 2022 and oversees the company’s finance organization, including accounting, treasury, tax, internal audit and investor relations. Prior to Micron, he served as executive vice president and CFO of Qorvo and held senior leadership positions at Delphi Automotive, MEMC Electronic Materials and Praxair. Murphy has more than 25 years of experience across finance and general management roles in advanced manufacturing and semiconductor-related industries. He earned a bachelor’s degree in finance from Marquette University, an MBA from Harvard University and previously served in the U.S. Marine Corps.