Micron reports what it calls a record third quarter - Spectrum News

Micron Technology reported record third-quarter results for fiscal year 2026, with revenues exceeding $41 billion, marking a nearly $24 billion increase from the previous quarter. The company forecast... Read original →

Micron’s $24B Q3 revenue surge reflects acute global memory shortages driven by AI, not just demand growth. Its Clay, NY fab—slated for 2030 production—is a political hedge under the CHIPS Act, not a near-term supply solution. Until then, Micron remains reliant on foundry ecosystems in Taiwan, China and South Korea. Competitors like Samsung and SK Hynix will likely accelerate HBM4 development and expand existing fabs in Xi’an and Wuxi to exploit this gap. Domestically building memory capacity inflates Micron’s unit costs by 15–20%, but secures 'geopolitical insurance.' Over the next 12–24 months, U.S. memory manufacturing will show a stark divergence: announced capacity surges versus delayed output, inadvertently strengthening Japan and South Korea’s near-term market leverage.