Micron Technology Inc
F:MTE
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Micron Technology Inc
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Micron Technology Inc
Micron Technology makes memory chips and storage chips that go inside computers, servers, smartphones, cars, and many connected devices. Its main products are DRAM, which helps devices work faster while they are running, and NAND flash, which keeps data stored even when power is off. Micron sells these chips to original equipment makers, cloud and data center customers, and other electronics companies that need large, reliable supplies of memory. The company makes money by designing and manufacturing these semiconductor parts and then selling them into markets where memory is a required building block, not an optional add-on. Its customers buy Micron chips to support computing, data storage, mobile devices, automotive systems, and industrial equipment. In practice, Micron sits near the heart of the electronics supply chain because almost every modern device needs memory to function. What makes Micron's business different is that memory is a basic but technically demanding product. The chips are standardized compared with many other semiconductors, so customers often buy on performance, reliability, supply, and cost. That means Micron has to run advanced factories and keep improving chip design and manufacturing efficiency to stay competitive.
Micron Technology makes memory chips and storage chips that go inside computers, servers, smartphones, cars, and many connected devices. Its main products are DRAM, which helps devices work faster while they are running, and NAND flash, which keeps data stored even when power is off. Micron sells these chips to original equipment makers, cloud and data center customers, and other electronics companies that need large, reliable supplies of memory.
The company makes money by designing and manufacturing these semiconductor parts and then selling them into markets where memory is a required building block, not an optional add-on. Its customers buy Micron chips to support computing, data storage, mobile devices, automotive systems, and industrial equipment. In practice, Micron sits near the heart of the electronics supply chain because almost every modern device needs memory to function.
What makes Micron's business different is that memory is a basic but technically demanding product. The chips are standardized compared with many other semiconductors, so customers often buy on performance, reliability, supply, and cost. That means Micron has to run advanced factories and keep improving chip design and manufacturing efficiency to stay competitive.
Record quarter: Micron said fiscal Q3 was exceptional, with record revenue, gross margin and EPS, all above the high end of guidance.
AI demand: Management said AI is driving a structural change in memory demand, with data center revenue running above a $100 billion annualized pace and HBM4 already topping $1 billion in revenue.
Supply tight: The company expects DRAM and NAND supply to stay tight beyond calendar 2027 as demand outpaces industry capacity additions.
SCAs ramping: Micron has signed 16 strategic customer agreements covering about 20% of DRAM volume and 1/3 of NAND volume, with cash deposits and pricing floors that should improve visibility and stability.
Strong outlook: Fiscal Q4 guidance calls for another record quarter, with revenue of $50 billion, gross margin around 86%, and EPS of $31 per share, plus or minus $1.
Capital plans: Micron kept CapEx disciplined but still expects about $27 billion for fiscal 2026, while also planning to raise capital returns after December 9, 2026.
Balance sheet: The company ended the quarter with record cash and investments of $30.2 billion and net cash of $24.4 billion after reducing debt by $4.4 billion.
Management
Sanjay Mehrotra is an influential figure in the technology industry, known for his role as the President and Chief Executive Officer of Micron Technology, Inc., a leading global innovator in memory and storage solutions. Born in 1958 in Kanpur, India, Mehrotra pursued an engineering degree at BITS Pilani in India before moving to the United States, where he completed both his bachelor's and master's degrees in Electrical Engineering and Computer Science from the University of California, Berkeley. Prior to joining Micron in 2017, Mehrotra co-founded SanDisk Corporation in 1988, where he served in various capacities, including as President and CEO. Under his leadership, SanDisk became a major player in the flash memory storage industry and was acquired by Western Digital Corp. for approximately $19 billion in 2016. At Micron, Mehrotra has been instrumental in steering the company through significant industry changes and technological advancements. He has focused on diversifying Micron's product portfolio and expanding its research and development efforts. His leadership is marked by strategic investments in emerging technologies and strengthening Micron's position in the AI, data center, and mobile markets. Mehrotra is revered not only for his technical expertise and business acumen but also for his commitment to driving sustainable business practices. He is also active in various industry and educational initiatives, further solidifying his reputation as a key thought leader in the tech sector.
Prior to joining Micron in 2017, Mehrotra co-founded SanDisk Corporation in 1988, where he served in various capacities, including as President and CEO. Under his leadership, SanDisk became a major player in the flash memory storage industry and was acquired by Western Digital Corp. for approximately $19 billion in 2016.
At Micron, Mehrotra has been instrumental in steering the company through significant industry changes and technological advancements. He has focused on diversifying Micron's product portfolio and expanding its research and development efforts. His leadership is marked by strategic investments in emerging technologies and strengthening Micron's position in the AI, data center, and mobile markets.
Mehrotra is revered not only for his technical expertise and business acumen but also for his commitment to driving sustainable business practices. He is also active in various industry and educational initiatives, further solidifying his reputation as a key thought leader in the tech sector.
Mark J. Murphy is the Executive Vice President and Chief Financial Officer (CFO) of Micron Technology Inc., a leading provider of innovative memory and storage solutions. He joined the company in April 2021. As CFO, Murphy is responsible for overseeing the company's financial strategy, managing financial risks, and leading the corporate finance organization, including functions such as financial planning, analysis, and reporting. Before joining Micron, Mark Murphy held the position of Executive Vice President and CFO at Qorvo, a semiconductor company that delivers solutions for wireless and wired connectivity. His career experience also includes key financial leadership roles at companies like Delphi Automotive and Praxair. Murphy has a wealth of experience in financial management, strategic planning, and operational execution, which he has brought to Micron. Murphy's leadership at Micron is instrumental in driving the company's growth strategies, optimizing financial performance, and enhancing shareholder value. His academic credentials include a bachelor's degree from the University of Notre Dame and an MBA from the Harvard Business School. His diverse experience across various sectors makes him a valuable asset to Micron Technology.
Before joining Micron, Mark Murphy held the position of Executive Vice President and CFO at Qorvo, a semiconductor company that delivers solutions for wireless and wired connectivity. His career experience also includes key financial leadership roles at companies like Delphi Automotive and Praxair. Murphy has a wealth of experience in financial management, strategic planning, and operational execution, which he has brought to Micron.
Murphy's leadership at Micron is instrumental in driving the company's growth strategies, optimizing financial performance, and enhancing shareholder value. His academic credentials include a bachelor's degree from the University of Notre Dame and an MBA from the Harvard Business School. His diverse experience across various sectors makes him a valuable asset to Micron Technology.
Manish H. Bhatia is an executive known for his significant contributions to the semiconductor industry. He serves as the Executive Vice President of Global Operations at Micron Technology Inc. In this role, Bhatia is responsible for overseeing the company's global manufacturing, supply chain, and procurement operations. Before joining Micron Technology, Bhatia held various leadership positions at notable companies in the semiconductor sector. He previously worked at Western Digital, where he was involved in overseeing their operations and contributed to enhancing their manufacturing capabilities. His career also includes roles at SanDisk, where he managed multiple aspects of their operations and played a key role in driving the company's growth and efficiency. Bhatia's extensive experience in operations management and the semiconductor industry has equipped him with a deep understanding of the complexities involved in global manufacturing and supply chain processes. His leadership has been instrumental in positioning Micron Technology as a leader in the memory and storage solutions market. Holding a strong educational background, Bhatia earned his Bachelor’s degree from the Massachusetts Institute of Technology (MIT) and an MBA from Harvard Business School, which has further contributed to his strategic and operational expertise in the industry.
Before joining Micron Technology, Bhatia held various leadership positions at notable companies in the semiconductor sector. He previously worked at Western Digital, where he was involved in overseeing their operations and contributed to enhancing their manufacturing capabilities. His career also includes roles at SanDisk, where he managed multiple aspects of their operations and played a key role in driving the company's growth and efficiency.
Bhatia's extensive experience in operations management and the semiconductor industry has equipped him with a deep understanding of the complexities involved in global manufacturing and supply chain processes. His leadership has been instrumental in positioning Micron Technology as a leader in the memory and storage solutions market.
Holding a strong educational background, Bhatia earned his Bachelor’s degree from the Massachusetts Institute of Technology (MIT) and an MBA from Harvard Business School, which has further contributed to his strategic and operational expertise in the industry.
Dr. Scott J. DeBoer is the Executive Vice President of Technology and Products at Micron Technology, Inc., a company renowned for its innovations in memory and storage solutions. Dr. DeBoer holds a Ph.D. in electrical engineering, showcasing his extensive expertise in the semiconductor field. At Micron, he is responsible for overseeing the company’s global technology and products organization, focusing on the development of cutting-edge semiconductor technologies and ensuring that Micron remains at the forefront of technological advancements in memory and storage products. His leadership spans research and development, engineering, and product innovations, playing a key role in evolving Micron’s technical vision and spearheading efforts in new product introductions. Under Dr. DeBoer’s guidance, Micron has successfully developed and commercialized numerous advanced memory technologies, enhancing the company’s competitive position in the global market. With a career that reflects a deep commitment to technological excellence, Dr. DeBoer is instrumental in driving forward Micron’s ambition to lead in high-performance, efficient, and reliable memory solutions.
His leadership spans research and development, engineering, and product innovations, playing a key role in evolving Micron’s technical vision and spearheading efforts in new product introductions. Under Dr. DeBoer’s guidance, Micron has successfully developed and commercialized numerous advanced memory technologies, enhancing the company’s competitive position in the global market.
With a career that reflects a deep commitment to technological excellence, Dr. DeBoer is instrumental in driving forward Micron’s ambition to lead in high-performance, efficient, and reliable memory solutions.
Sumit Sadana is a prominent business executive known for his role at Micron Technology Inc., where he serves as the Executive Vice President and Chief Business Officer. His career is marked by significant leadership roles in the technology sector, with extensive experience in strategy, marketing, and corporate development. Sadana joined Micron in 2017 and has been instrumental in driving the company's business strategy, overseeing sales, operations, and facilitating strategic growth initiatives. Before his tenure at Micron, he held key positions at other major tech companies. He was the Executive Vice President, Chief Strategy Officer, and General Manager at SanDisk, where he played a crucial role in expanding the company’s reach in the storage solutions industry. His educational background includes a Bachelor of Technology degree in Electrical Engineering from the Indian Institute of Technology, Kharagpur, and a Master's degree in Electrical Engineering from Stanford University. He has also been involved with various industry boards and councils, contributing to advancements and collaborations in technology. Sumit Sadana's expertise lies in transforming business operations and executing strategies that align with market trends and technological innovation, making significant impacts in the companies he has worked with.
Sadana joined Micron in 2017 and has been instrumental in driving the company's business strategy, overseeing sales, operations, and facilitating strategic growth initiatives. Before his tenure at Micron, he held key positions at other major tech companies. He was the Executive Vice President, Chief Strategy Officer, and General Manager at SanDisk, where he played a crucial role in expanding the company’s reach in the storage solutions industry.
His educational background includes a Bachelor of Technology degree in Electrical Engineering from the Indian Institute of Technology, Kharagpur, and a Master's degree in Electrical Engineering from Stanford University. He has also been involved with various industry boards and councils, contributing to advancements and collaborations in technology.
Sumit Sadana's expertise lies in transforming business operations and executing strategies that align with market trends and technological innovation, making significant impacts in the companies he has worked with.
Scott R. Allen is an executive at Micron Technology, Inc., where he serves as the Senior Vice President and Chief Information Officer (CIO). In this role, he is responsible for managing and leading the company's global information technology strategy and operations. This includes overseeing the IT infrastructure, advancing technology solutions, and driving digital transformation initiatives to support Micron's business objectives. With a career that spans over several decades in the technology sector, Scott R. Allen has extensive experience in IT leadership. Before joining Micron Technology, he held various senior IT roles at other major corporations, where he successfully led efforts to enhance information systems and drove efficiency improvements through technology advancement. His expertise in IT strategy, cybersecurity, and governance has been instrumental in enhancing Micron's operational capabilities. Allen is known for his ability to align technology initiatives with business goals, fostering innovation and ensuring that IT contributes significantly to the company's growth and competitive advantage. In addition to his professional achievements, Scott R. Allen is also involved in various industry associations and contributes his knowledge to the broader IT community, promoting best practices and advancements in the field.
With a career that spans over several decades in the technology sector, Scott R. Allen has extensive experience in IT leadership. Before joining Micron Technology, he held various senior IT roles at other major corporations, where he successfully led efforts to enhance information systems and drove efficiency improvements through technology advancement.
His expertise in IT strategy, cybersecurity, and governance has been instrumental in enhancing Micron's operational capabilities. Allen is known for his ability to align technology initiatives with business goals, fostering innovation and ensuring that IT contributes significantly to the company's growth and competitive advantage.
In addition to his professional achievements, Scott R. Allen is also involved in various industry associations and contributes his knowledge to the broader IT community, promoting best practices and advancements in the field.
Anand Bahl is the Executive Vice President and Chief Information Officer (CIO) at Micron Technology Inc. In his role, Bahl oversees the global Information Technology operations and is responsible for driving digital transformation strategies within the company to enhance operational efficiencies and innovation. With extensive experience in IT leadership across various industries, Bahl joined Micron to lead its technological advancements and align IT initiatives with business objectives. Prior to joining Micron, Anand Bahl held significant leadership positions in other prominent companies, contributing to IT infrastructure transformation and business process improvements. His expertise lies in leveraging technology to drive organizational change and competitive advantage.
Satya Kumar serves as the Chief Information Officer (CIO) at Micron Technology Inc. In this role, he is responsible for leading the company's global information technology strategies and operations, ensuring that Micron's IT infrastructure effectively supports its business objectives and growth. With extensive experience in IT leadership, Kumar has been instrumental in driving technological innovations and digital transformations within the organization. His expertise lies in strategically aligning IT initiatives with business goals, optimizing systems for efficiency, and fostering an environment of continuous improvement through the adoption of cutting-edge technologies. Prior to joining Micron, Kumar held various leadership positions in prominent technology firms, where he honed his skills in IT management and strategic planning.
Michael Charles Ray, Ph.D., serves as an executive at Micron Technology Inc., where he has made significant contributions to the company's technological advancements. With a strong background in engineering and semiconductor technology, Dr. Ray has been instrumental in driving Micron's innovation in memory and storage solutions. His leadership in research and development has helped position the company at the forefront of the semiconductor industry. Dr. Ray's expertise is supported by his advanced education in a related field, and he is recognized for fostering a culture of innovation and excellence within the organization.
Courtney C. Geduldig serves as Executive Vice President and Chief Public Policy and Government Affairs Officer at Micron Technology Inc. In her role, she oversees the development and implementation of Micron's public policy and government affairs strategies worldwide. Geduldig brings extensive experience in public policy, government affairs, and regulatory issues. Before joining Micron, Geduldig held several notable positions, including serving as Senior Vice President of Public Affairs at S&P Global where she led global external affairs, corporate responsibility, and communication strategies. She also held senior roles in the U.S. Senate, as Chief Financial Counsel to former Senator Bob Corker, and in the legislative and public policy sector with other major financial institutions. Her background in law, with a J.D. degree, and her breadth of experience in both the public and private sectors have equipped her with deep insights into the intersection of technology, regulation, and public policy. Geduldig is recognized for her expertise in managing complex issues and advancing strategic initiatives that align with business goals and policy objectives.
Before joining Micron, Geduldig held several notable positions, including serving as Senior Vice President of Public Affairs at S&P Global where she led global external affairs, corporate responsibility, and communication strategies. She also held senior roles in the U.S. Senate, as Chief Financial Counsel to former Senator Bob Corker, and in the legislative and public policy sector with other major financial institutions.
Her background in law, with a J.D. degree, and her breadth of experience in both the public and private sectors have equipped her with deep insights into the intersection of technology, regulation, and public policy. Geduldig is recognized for her expertise in managing complex issues and advancing strategic initiatives that align with business goals and policy objectives.
