Overview
- Micron guided fiscal second-quarter revenue to $18.7 billion, a 132% year-over-year increase.
- The company says it can meet only about 50% to 66% of near-term AI memory demand despite strong output.
- Shares rose nearly 8% this week as investors reacted to tightening supply and accelerating AI infrastructure demand.
- Micron is expanding capacity with a $100 billion New York megafab and a $1.8 billion Taiwan project, with new production expected to ramp in 2027.
- HBM supply remains constrained by larger clean-room requirements and tight advanced packaging capacity, reinforcing pricing power.