Overview
- Micron shares have climbed about 123% in six months after the company reported record fiscal Q2 2026 results with $23.86 billion in revenue and $12.20 in non‑GAAP EPS.
- HBM supply is fully allocated through 2026, reflecting heavy demand for high‑bandwidth memory that feeds GPUs used to train and run AI models.
- NVIDIA identified Micron as a core HBM supplier for its high‑end GPUs, reinforcing multi‑year demand tied to new accelerator platforms.
- To boost output, Micron plans to invest more than $25 billion in fiscal 2026 and is expanding advanced HBM packaging capacity in Singapore.
- Bank of America’s April 7 note projected AI capital spending to near $1.4 trillion by 2030, while one model from 24/7 Wall St flagged downside risk despite Micron’s low 5–6 forward P/E.