Micron Technology Inc
micron.comWhat Do They Do?
Sells DRAM and NAND memory and storage products to data center, mobile, and PC customers.
10-K for FY2026, filed Oct 9, 2026Our product portfolio of memory and storage solutions, advanced solutions, and storage platforms is based on our high-performance…View ↗
DRAM: DRAM products are dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval with a…View ↗
NAND: NAND products are non-volatile, re-writable semiconductor storage devices that provide high-capacity, low-cost storage with a variety…View ↗
Data Center: CMBU sales to the data center end market are driven by server demand across the cloud market and include our portfolio of HBM…View ↗
MCBU is focused on memory and storage solutions for the mobile and client segments. Additionally, MCBU sales include DRAM sold to the…View ↗
AEBU is focused on memory and storage solutions for the automotive, industrial, and consumer segments sold into the intelligent edge…View ↗
How Do They Make Money?
Customers generally pay shortly after delivery of memory and storage products. Some customers commit to specified volumes under multi-year agreements, with pricing fixed or periodically negotiated; those agreements may include customer deposits received in advance.
10-K for FY2026, filed Oct 9, 2026
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10-K for FY2026, filed Oct 9, 2026
FY2026 revenue by product or service ↗
$133.2B
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10-K for FY2026, filed Oct 9, 2026
$133.2B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
DRAM
Sold outright
10-K for FY2026, filed Oct 9, 2026 |
76%
FY2023: 71%
|
DRAM, FY2026
$100.7B Sources
|
Sold outright |
|
NAND
Sold outright
10-K for FY2026, filed Oct 9, 2026 |
24%
FY2023: 27%
|
NAND, FY2026
$31.8B Sources
|
Sold outright |
|
Other (primarily NOR)
Sold outright
|
0.5%
FY2023: 2.3%
|
Other (primarily NOR), FY2026
$724M Sources
|
Sold outright |
Who Are Their Customers?
Micron sells primarily through its own direct sales force, and also through distributors, retailers, and independent sales representatives. Its customers include cloud and data center operators, device and PC makers, and automotive, industrial, and consumer businesses.
10-K for FY2026, filed Oct 9, 2026Data Center: CMBU sales to the data center end market are driven by server demand across the cloud market and include our portfolio of HBM…View ↗
CDBU is focused on storage solutions for all data center customers, including data center SSDs and NAND components, and memory solutions…View ↗
MCBU is focused on memory and storage solutions for the mobile and client segments. Additionally, MCBU sales include DRAM sold to the…View ↗
AEBU is focused on memory and storage solutions for the automotive, industrial, and consumer segments sold into the intelligent edge…View ↗
Our semiconductor memory and storage products are offered under our Micron brand name and through private labels. We market our…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 64 cents of every revenue dollar as net income in FY2026 and turned 44 cents into free cash flow.
10-K for FY2026, filed Oct 9, 2026
10-K for FY2026, filed Oct 9, 2026
$99.3BView ↗
10-K for FY2026, filed Oct 9, 2026
$85BView ↗
10-K for FY2026, filed Oct 9, 2026
$59BView ↗
How Are They Changing?
Growing. Revenue grew 4.3x in 4 years, from $30.8B in FY2022 to $133.2B in FY2026, about 44% a year.
Business unit structure The older report had separate compute-and-networking and storage units. The latest report describes dedicated cloud-memory and core-data-center units.
Crucial consumer products
The older report described Crucial-branded consumer SSDs and direct web sales. The latest report says the company announced an exit from that consumer-products business.
10-K for FY2023, filed Oct 6, 2023 10-K for FY2026, filed Oct 9, 2026Consumer and Components: Our consumer products were sold under the brand name Crucial until an exit of that portion of our business was…View ↗
Who Do They Compete With?
Competes with Samsung Electronics, SK hynix, Kioxia Holdings, Sandisk, ChangXin Memory Technologies, and Yangtze Memory Technologies
10-K for FY2026, filed Oct 9, 2026We face intense competition in the semiconductor memory and storage markets from a number of companies, including Samsung Electronics Co.…View ↗
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