Micron (NASDAQ:MU) Reports Upbeat Q2, Stock Soars - Yahoo Finance

Micron Technology delivered a strong Q2 2026 performance, with revenue and earnings significantly exceeding market expectations. The company reported $41.46 billion in revenue, up 346% year-on-year, s... Read original →

Micron’s Q2 surge isn’t a cyclical bounce—it’s the payoff of an AI-driven memory architecture shift. Soaring demand for HBM3E and GDDR7 is rewiring the tech stack: upstream equipment makers like ASML gain priority in high-bandwidth memory orders, while downstream players like NVIDIA must redesign packaging for higher-density integration. Geopolitically, tightening U.S. export controls compel Micron to accelerate fab investments in India, Japan, and the U.S., raising capex but hardening supply chain security. With Samsung and SK hynix racing toward HBM4, Micron will likely lock in co-packaging capacity with NVIDIA’s CoWoS ecosystem to preserve its lead. Over the next 18 months, AI server memory will surpass 50% of data-center DRAM revenue, and Micron’s TSV stacking yield advantage could sustain operating margins above 75%, finally escaping the commodity DRAM trap.