What Micron's FY2026 10-K says: 10 signals
Micron filed its latest 10-K with the SEC on Oct 9, 2026. It discusses AI investment, backlog growth and capacity constraint.
Public (MU)Semiconductor Manufacturing10,000+ employeesmicron.comLinkedIn
- Filed
- Oct 9, 2026
- Period
- FY2026
- Fiscal year end
- 09/03
- Filings
- 1
10-K · latest 9
What Micron's 10-K filings say
- SEC EDGAR
10-K · FY2026
Filed · Fiscal year ends 09/03 · 10 signals
Micron's AI Product Push Drives DRAM Revenue to $100.68B in 2026
Fueled by demand for AI, Micron's DRAM revenue surged from $28.58B in 2025 to $100.68B in 2026.
$100.7B
Total reported DRAM revenue in fiscal year 2026
AIHBMDDR5EUV
Micron's Data Center Unit Revenue Soars to $37.59B Targeting 'NeoCloud' & AI
The Core Data Center Business Unit (CDBU) revenue grew from $7.23B in 2025 to $37.59B in 2026, driven by demand from AI, cloud, and emerging 'NeoCloud' customers.
$37.6B
Total reported Core Data Center Business Unit (CDBU) revenue in fiscal year 2026
AIcloudSSD
Cloud Memory Unit revenue surged over 200% to $43B in 2026, driven by strong AI demand.
Micron's Cloud Memory Business Unit (CMBU) revenue grew from $13.52B to $43.09B year-over-year, fueled by explosive demand for AI servers.
$43.1B
Cloud Memory Business Unit (CMBU) revenue in fiscal 2026
2.19%
Year-over-year revenue growth for CMBU (2025 to 2026)
AIcloudHBMDDR5
Micron plans major capital investment for new memory manufacturing fabs in the U.S.
The company is planning for the construction and expansion of new manufacturing facilities in the United States, signaling a significant, multi-year capital expenditure cycle.
EUV
Micron sampling HBM4 48GB memory to key customers for next-gen AI platforms in 2026
Micron is heavily investing in the AI hardware race, having started volume production of HBM4 memory and sampling next-generation 48GB modules to key customers.
AIHBMDRAMNAND
Micron Exits Crucial Consumer Business to Sharpen Focus on Core Markets
Announced in December 2025, this divestiture signals a strategic shift away from consumer retail to concentrate resources on higher-margin data center, AI, and mobile segments.
DRAMSSD
Micron's Platform Strategy Addresses Memory Bandwidth Bottleneck in AI Servers
The company identifies a critical industry pain point: decreasing memory bandwidth per CPU core in modern servers, which throttles AI and data-centric workloads.
AIDDR5HBM
Micron targets server memory bandwidth bottleneck with new DDR5 products
Micron identifies that as server CPU core counts increase, the memory bandwidth per core is decreasing, creating a significant performance bottleneck for data centers.
DDR5CPUDRAM
Micron exits Crucial-branded consumer business as of December 2025
The company announced a strategic exit from its Crucial consumer products business, which sold DRAM and SSDs through retail channels.
DRAMSSD
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Source. Annual reports (Form 10-K) filed with the SEC. Every card links to the filing on EDGAR.
Method. Insights are extracted from the filing text and grouped by category. Numbers are quoted from the filing.
Data as of .