Overview
- Micron will halt retail and distributor sales of Crucial-branded DRAM and SSDs, with shipments continuing until the end of its fiscal Q2 in February 2026.
- The company is reallocating wafer output to high-bandwidth memory and server DRAM for AI data centers, with most FY2025 capex directed to HBM and related back-end manufacturing.
- Micron reported record results driven by data-center products, including Q4 revenue of $11.32 billion and FY2025 revenue of about $37.4 billion, as analysts lifted price targets and the stock rallied.
- TrendForce reports DRAM contract prices have jumped roughly 420% this year, supplier inventories have dwindled to only weeks of stock, and NAND wafer prices have also climbed sharply.
- Industry dynamics are shifting as Samsung is projected to retake the DRAM lead and is reportedly tilting more production toward DDR5, while Micron’s consumer exit leaves more retail share to rivals such as Samsung and SanDisk.