Micron Technology
Micron Technology is a Boise-based maker of DRAM, NAND flash, HBM and SSDs listed on Nasdaq. It reported fiscal 2026 revenue of $133.19 billion and GAAP net income of $84.97 billion.
Industry: Semiconductors (memory and storage) | Location: Boise, United States | Founded: 1978
About Micron Technology
Micron Technology, Inc. is a memory and storage company headquartered in Boise, Idaho, and trades on Nasdaq under the symbol MU. Its website lists high-bandwidth memory (HBM), DRAM components and modules, LPDDR, GDDR, solid-state drives, managed NAND, NAND flash, NOR flash and memory cards. It sells into AI, automotive, client PC, consumer, data center and server, industrial IoT, mobile and network infrastructure markets with team members in 17 countries.
Micron began in 1978 as a four-person semiconductor design firm working from a dental office in Boise, broke ground on its first fabrication plant in 1980 and joined the Fortune 500 in 1994. Its founders were Ward Parkinson, Joe Parkinson, Dennis Wilson and Doug Pitman. Sanjay Mehrotra, a co-founder of SanDisk, has been chief executive since 2017 and is also chairman. Its executives include Manish Bhatia as president and chief operating officer, Scott DeBoer as president and chief technology and products officer, Mark Murphy as chief financial officer and Mike Cordano as executive vice president of worldwide sales.
On 3 December 2025 Micron announced that it would exit the Crucial consumer business, citing AI-driven data center demand. Crucial shipments were to continue until the end of fiscal second quarter in February 2026, while Micron-branded enterprise products stay on sale. In its September 2026 results release the company said it had begun sampling a 512GB DDR5 RDIMM module and that revenue from its server LPDDR SOCAMM modules more than doubled sequentially in the quarter.
Micron reported results for fiscal 2026, which ended on 3 September 2026, on 30 September 2026. Revenue for the year was $133.19 billion, against $37.38 billion in fiscal 2025, and GAAP net income was $84.97 billion. Fourth-quarter revenue was $54.23 billion and GAAP net income was $37.70 billion. Noncurrent customer contract liabilities rose to $12.90 billion from $568 million a quarter earlier, which the company linked to Strategic Customer Agreements.
Micron guided to first-quarter fiscal 2027 revenue of $61.5 billion, plus or minus $1.5 billion, and declared a quarterly dividend of $0.15 per share. Mehrotra said the company expects an even stronger fiscal 2027.
Leadership
- Sanjay Mehrotra, Chairman, President and Chief Executive Officer
- Manish Bhatia, President and Chief Operating Officer
- Mark Murphy, Executive Vice President and Chief Financial Officer
- Scott DeBoer, President and Chief Technology and Products Officer
- Mike Cordano, Executive Vice President, Worldwide Sales
- Michael Ray, Senior Vice President, Chief Legal Officer and Corporate Secretary