Micron Shares Rise as Company Exits Crucial and Reports HBM Capacity Sold Out Through 2026

Overview

• Micron will halt new retail, e‑tail and distributor sales of Crucial products, with consumer‑channel shipments continuing until the end of fiscal Q2 2026 in February.
• Fiscal Q4 2025 revenue reached $11.32 billion, beating estimates, with EPS of $3.03 as AI‑oriented memory products powered the quarter.
• Data‑center revenue for fiscal 2025 jumped 137% to $20.75 billion, representing 56% of total sales as AI server demand accelerated.
• Micron said HBM3E supply is sold out through 2026 and noted HBM4 development, citing tight leading‑edge memory availability and design work with Nvidia and AMD.
• Shares gained about 4.7% after the update as analysts raised targets, including Morgan Stanley at $338, Rosenblatt at $300 and UBS at $275, and the company guided Q1 FY26 revenue to about $12.5 billion with non‑GAAP EPS of $3.60 to $3.90.