Micron Reports Nearly $24 Billion Revenue as AI Demand Drives Memory Prices Higher
Updated
Updated · The Motley Fool · May 19
Micron Reports Nearly $24 Billion Revenue as AI Demand Drives Memory Prices Higher
4 articles · Updated · The Motley Fool · May 19
Nearly $24 billion in Micron's latest quarterly revenue marks a sharp jump from its usual $4 billion to $8 billion range before late 2025.
AI demand has absorbed almost all available memory-chip capacity, pushing prices sharply higher and letting Micron charge premium rates that also lifted profit margins.
Micron expects about $33.5 billion in next-quarter revenue, extending the boom as customers keep buying high-bandwidth memory for AI systems.
The main risk is a supply surge: Micron and rivals are expanding capacity, and a market glut could quickly crush memory prices and the company's economics.
Micron still argues demand can outrun expansion, projecting the high-bandwidth-memory market will grow from $35 billion in 2025 to $100 billion by 2028.
As Micron dominates today's AI chips, can a rival's next-gen memory technology completely upend the market and dethrone the current king?
Micron's AI boom has fueled a 'supercycle,' but with massive factory expansions planned, is a historic industry crash now inevitable?