MU · 10-Q · 2026Q2 · Full report
AI Infrastructure Demand
MICRON TECHNOLOGY INC · 2026-06-25 · Importance 89 · Surprise 82 · In source text
AI-driven memory and storage growth is outpacing industry supply, with data-center demand expanding faster than Micron and the broader industry can add capacity. Robust DRAM and NAND demand, combined with constrained supply, has driven supply-allocation decisions that may affect certain customers and end markets. In the third quarter of fiscal 2026, DRAM sales increased 343% year over year and NAND sales increased 361%, driven primarily by substantial average-selling-price increases and additional bit shipments.
Key facts
- Micron stated AI-driven memory and storage growth is outpacing industry supply and that AI-driven growth in the data center has accelerated demand greater than Micron's and the industry's ability to increase supply. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | probable | — | Micron stated AI-driven memory and storage growth is outpacing industry supply and that AI-driven growth in the data center has… |