What Micron Technology does

Micron Technology, Inc. (NASDAQ:MU) is a vertically integrated memory and storage Integrated Device Manufacturer (IDM) headquartered in Boise, Idaho, founded in 1978. The company designs and manufactures DRAM (including HBM4, HBM3E, DDR5, LPDDR5X, GDDR7) and NAND flash (including G9 TLC/QLC), alongside SSDs and multichip packages, on advanced process nodes such as 1γ DRAM and G9 NAND, leveraging TSV packaging, hybrid bonding, and CXL memory expansion. Micron is one of only three globally scaled DRAM manufacturers and the only US-based HBM supplier for AI infrastructure.

Micron's product portfolio spans high-bandwidth memory co-designed for AI accelerators (HBM4 for NVIDIA Vera Rubin, HBM3E for H200), data center DRAM modules (RDIMM up to 128GB, MRDIMM up to 256GB at 8800 MT/s, SOCAMM2 LPDDR5X), the world's first PCIe Gen6 data center SSD (Micron 9650) and a 245TB 6600 ION SSD, low-power client modules (LPCAMM2), automotive-grade LPDDR5 (the industry's first ISO 26262 ASIL-D certified), graphics memory (GDDR7 at 32 Gb/s PAM4), and managed NAND/NOR/microSD products. Technology leadership investments center on 1γ DRAM, G9 NAND, advanced packaging, and CXL memory pooling.

Micron operates a hybrid go-to-market: direct enterprise field sales to hyperscalers, OEMs, and Tier 1 customers; a global authorized distributor and Channel Partner Program (BPP) with ODM AVL listings; co-engineering partnerships with NVIDIA, Intel, AMD, Dell, HPE, Lenovo, Qualcomm, and Anthropic; and event-driven demand generation (GTC, investor days). Revenue is primarily hardware sales of memory and storage components and modules, supplemented by a strategically significant contracted revenue layer: 16 Strategic Customer Agreements representing approximately $100 billion in minimum contracted revenue through 2030 with ~$22 billion in customer cash deposits and take-or-pay commitments covering ~20% of DRAM and ~one-third of NAND volumes. Ancillary design-tool and software revenue (FBGA decoders, power calculators, Storage Executive) rounds out the model. FY2025 reported revenue was approximately $37.4B; Q3 FY2026 revenue reached $41.46B (+346% YoY) with record ~85% gross margins, and Q4 FY2026 guidance is ~$50B.

Name

Micron Technology

Legal name

Micron Technology, Inc.

Website

https://micron.com

Company type

Public

Founded year

1978

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Micron Technology (NASDAQ:MU) is a US-headquartered, vertically integrated memory and storage IDM producing DRAM (HBM, DDR5, LPDDR5X, GDDR7) and NAND/SSD products, serving AI data centers, hyperscalers, automotive, mobile, client PC, and industrial markets.

Ownership category

akta.pro rank

Product category

Semiconductor Memory and Storage

NAICS

Semiconductor and Related Device Manufacturing (334413), Computer Storage Device Manufacturing (334112)

SIC

Semiconductors & Related Devices (3674), Computer Storage Devices (3572)

akta.pro primary industry

Memory & Storage (DRAM/NAND/Non-Volatile) (HDAHAAAC)

akta.pro secondary industry

Audio, Imaging & Multimedia SoCs (ISP/Codec/Display) (HDAHABAH)

Keywords

• Memory and storage semiconductors
• High-bandwidth memory
• Data center SSDs
• DRAM and NAND flash
• Low-power mobile memory

Headquarters

HQ city

Boise

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Infrastructure, Supply Chain, Personnel, Operations, Marketing or Sales

Revenue model

1. Hardware product sales (memory and storage): Primary revenue is generated from direct and channel sales of memory (HBM, DRAM components/modules, LPDDR, GDDR) and storage (SSDs, NAND/NOR flash, managed NAND, multichip packages) components and modules. Sales occur through authorized distributors, channel partners, OEM/ODM relationships and direct enterprise contracts.
2. Long-term Strategic Customer Agreements (SCAs): Multi-year take-or-pay Strategic Customer Agreements with hyperscalers, automakers, and other data center customers, locking in volume and floor pricing for DRAM, NAND and HBM. Disclosed 16 SCAs covering ~20% of DRAM volume and one-third of NAND volume, representing ~$100B in minimum contracted revenue with ~$22B in cash deposits and financial commitments.
3. Design tools, software, and licensing (ancillary): Revenue contribution from design tools (FBGA decoders, power calculators, cross-reference tools), firmware, software/drivers (Storage Executive) and licensing of technology. Distributed and supported via the sales network.

Pricing tiers

Go-to-market motion4 records

Distribution channels7 records

Marketing channels10 records

Core offering

Micron Technology is a vertically integrated memory and storage semiconductor IDM that designs and manufactures DRAM (including HBM, DDR5, LPDDR5X, GDDR7) and NAND flash products, as well as SSDs and multichip packages. The company sells these components and modules through direct enterprise sales, authorized distributors, and a channel partner network to OEMs, hyperscalers, data center operators, automotive Tier 1s, and consumer device makers.

Differentiator

Problem solved

Functional benefit

Brands

• Crucial: Consumer-focused memory and storage brand operated by Micron (referenced in privacy notice as one of Micron's branded products)

Products and services

• Micron HBM4 36GB 12-High Micron's flagship high-bandwidth memory designed for next-generation AI accelerator platforms including NVIDIA Vera Rubin, offering over 11 Gb/s pin speeds and greater than 2.8 TB/s bandwidth with over 20% power efficiency improvement versus HBM3E.
• Micron HBM3E Industry's most efficient HBM3E with up to 30% lower power consumption than competing high-bandwidth memory, supporting AI training and inference workloads; includes 8-high (24GB) and 12-high (36GB) versions.
• Micron DDR5 SDRAM Components
• Micron DDR4 SDRAM Components
• Micron MRDIMM (DDR5)
• Micron RDIMM
• Micron SODIMM / SOEDIMM / UDIMM / EUDIMM
• Micron LPDDR5X / LPDDR5 / LPDDR4 Components
• Micron LPCAMM2 Industry's first standardized modular LPDDR5X memory form factor for thin and light laptops, offering lower power consumption, increased performance, upgradeability, and a thinner form factor; consumes up to 61% less active power and up to 80% less system standby power than DDR5 SODIMM, with speed up to 9600Mbps.
• Micron SOCAMM2 Industry-first data center class modular form factor for LPDDR5X, designed as the flagship memory solution for AI data centers; consumes up to 61% less active power and up to 80% less system standby power than DDR5 RDIMMs with 128-bit low-power solution at up to 9600Mbps.
• Micron GDDR7
• Micron GDDR6X / GDDR6
• Micron CZ122 CXL Memory Expansion Module 256GB CXL-based memory expansion module providing scalable memory capacity and bandwidth for AI data center workloads using the CXL standard.
• Micron 9650 NVMe SSD World's first PCIe Gen6 data center SSD, delivering up to 2x the performance of PCIe Gen5 drives to maximize speed feeding GPUs for superior AI performance.
• Micron 7600 NVMe SSD
• Micron 6600 ION NVMe SSD (245TB) Industry-leading 245TB high-capacity NVMe SSD built with innovative Micron G9 QLC NAND for AI, cloud, enterprise, and hyperscale data center workloads, redefining data center storage at scale.
• Micron Data Center SSD Family (9550, 9400, 7500, 7450, 6550 ION, 6500 ION, XTR, 5400 SATA)
• Micron Client SSDs (e.g., 4600)
• Micron Automotive and Industrial SSDs (e.g., 4150AT)
• Micron Managed NAND (e.MMC, UFS)
• Micron G9 TLC NAND Flash High-performance, low-power, high-bandwidth NAND flash memory in small form factor packages, used as the foundation for Micron's G9-based SSDs including the 6600 ION 245TB.
• Micron NOR Flash (Xccela)
• Micron microSD Memory Cards (up to 1.5TB)
• Micron Multichip Packages (e.MMC-based MCP, uMCP, NAND-based MCP)

Quantifiable outcome

• Q3 FY2026 revenue of $41.46B, +346% year-over-year, beating consensus by ~16%.
• +6 more outcomes

Named customers1 record

Segments8 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability5 records

Feature11 records

Partnerships

Eleven partnerships are on record, tiered flagship / flagship-tier ai lab partnership, flagship / strategic platform partner, core / ecosystem partner, core / strategic client pc partner, core / strategic data center partner, core / strategic platform partner, strategic storage ecosystem partner, core / strategic mobile and edge ai partner, core / co-engineering partner, core / mass-distribution channel and core / ecosystem integration.

• Anthropicflagship / flagship-tier ai lab partnershipStrategic or Co-development Partner · 22 June 2026Multi-domain strategic partnership announced June 22, 2026, covering: (1) memory and storage AI architecture design collaboration, (2) supply agreement for Anthropic's data center portfolio, (3) enterprise adoption of Claude across Micron, and (4) a strategic investment by Micron in Anthropic's Series H funding round. Aims to study how memory and storage subsystems interact across AI workloads, with Micron's HBM, DRAM and SSD products playing a central role in improving performance, energy efficiency, and token economics.
• NVIDIAflagship / strategic platform partnerStrategic or Co-development PartnerMicron HBM4 is designed in high volume production for NVIDIA Vera Rubin AI platforms, with HBM4 achieving over 11 Gb/s pin speeds and bandwidth greater than 2.8 TB/s. HBM3E 24GB 8-high is shipping with NVIDIA H200 Tensor Core GPUs; HBM3E 36GB 12-high is also production-capable for NVIDIA platforms. Co-design and platform validation across the HBM roadmap.
• Intelcore / ecosystem partnerStrategic or Co-development PartnerJoint engineering and co-marketing on DDR5/MRDIMM with Intel Xeon 6 and 4th Gen Intel Xeon Scalable processors. Set a new STAC-A2 benchmark world record for financial risk analytics using Micron MRDIMMs and Intel processors. Intel is referenced as a Technology Enablement Program partner for DDR5 MRDIMM.
• Lenovocore / strategic client pc partnerStrategic or Co-development PartnerCollaboration on LPCAMM2 — Micron's LPCAMM2 brings LPDDR5X to thin-and-light laptops. Lenovo's VP of commercial PC publicly endorses LPCAMM2 as "the perfect memory." Joint white paper on the role of advanced memory (LPCAMM2) in achieving efficiency in AI PCs.
• Dell Technologiescore / strategic data center partnerStrategic or Co-development PartnerJoint engineering on VMware VMmark 4 — Dell Technologies and Micron set a world record for performance of virtualization platforms.
• AMDcore / strategic platform partnerStrategic or Co-development PartnerCollaboration delivering exceptional performance for cloud-native workloads (Micron and AMD joint blog), and Micron 6500 ION delivering massive WEKA performance on AMD-based servers.
• WEKAstrategic storage ecosystem partnerTechnology or IntegrationJoint storage performance validation — Micron 6500 ION NVMe SSD has demonstrated massive WEKA performance on AMD-based servers in scaling studies.
• Qualcommcore / strategic mobile and edge ai partnerStrategic or Co-development PartnerCollaboration to accelerate generative AI at the edge using Micron's LPDDR5X memory with Qualcomm's Snapdragon mobile platforms. Joint press release: "Micron collaborates with Qualcomm to accelerate generative AI at the edge."
• HPE (Hewlett Packard Enterprise)core / co-engineering partnerStrategic or Co-development PartnerCo-engineering on MRDIMM performance: HPE guest-authored a Micron blog highlighting new STAC-A2 records scaling financial risk analytics with Micron MRDIMMs (with Intel).
• Authorized Distributors and Channel Partnerscore / mass-distribution channelChannel Partner/ Reseller/ DistributorMicron operates a global authorized distributor and channel partner program (Micron Partner Program) for reselling and distributing memory and storage products. Includes registration, partner portal, and an ODM partner AVL by platform (AIC, ASRock Rack, ASUS, Giga Computing, Mitac).
• Chipset, Design IP, Verification IP, Industrial Quotient and Storage Ecosystem Partnerscore / ecosystem integrationTechnology or IntegrationNetwork of partners for chipset compatibility, design IP, verification IP, industrial solutions and storage. Provides technology enablement programs (DDR5 TEP, SOCAMM2 TEP) and storage ecosystem integrations to ensure Micron memory and storage interoperate with industry platforms.

Scale indicators13 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• SK hynix: South Korean memory manufacturer and the leading HBM supplier globally, competing head-to-head with Micron in DRAM and HBM for AI accelerator customers including NVIDIA. Closest direct peer on HBM, DDR5, and advanced DRAM.
• Samsung Electronics: Largest global memory producer (DRAM, NAND, HBM) and the broadest semiconductor incumbent. Competes with Micron across DRAM, NAND, HBM, SSDs, and mobile memory, and is investing heavily in HBM3E/HBM4 qualification.
• Western Digital: NAND flash and HDD storage company with a joint NAND venture history (with Kioxia) and a broad data center SSD portfolio. Directly comparable to Micron's NAND and storage business unit.
• Kioxia: Japan-based NAND flash manufacturer and one of the leading global suppliers of NAND and SSDs. Direct competitor in NAND bit supply and enterprise/data center SSDs.
• SanDisk: Pure-play NAND flash and SSD company spun out from Western Digital, focused on consumer and enterprise SSDs. Directly comparable to Micron's NAND and client/data center SSD portfolio.
• Kingston Technology: Largest independent memory module manufacturer (DRAM modules, SSDs, flash cards), sourcing and reselling memory components in competition and alongside Micron's Crucial brand in client and channel markets.

Broad incumbents

• Intel: Broader semiconductor incumbent with overlapping DRAM-adjacent products (Optane, CXL-attached memory) and a major Micron partner for DDR5/MRDIMM with Xeon platforms. Competes indirectly in memory/storage and is a strategic platform partner.

Emerging players

• Rambus: Memory interface IP company (HBM, DDR, CXL) selling into the same HBM/DRAM ecosystem; partial overlap with Micron's HBM and CXL memory expansion technology direction.
• Yangtze Memory Technologies (YMTC): China-based NAND flash manufacturer expanding into advanced 3D NAND. Competes with Micron in NAND bit supply, particularly for China-based customers, and is a focus of U.S. export controls relevant to Micron's addressable market.

Others

• Seagate Technology: Mass-capacity storage incumbent focused on HDDs and emerging HAMR/Mach.2 products. Adjacent in data center storage but uses a different media technology than Micron's NAND/SSD business.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/MicronTech
• YouTubeyoutube.com/@MicronTechnology
• Facebookfacebook.com/MicronTechUSA
• LinkedInlinkedin.com/company/micron-technology

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries21 records

Funding overview

Funding rounds7 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A15 records

Investments19 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Micron Technology