Micron beats on revenue and earnings as global memory shortage continues

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  "signal_type": "news",
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  "detected_at": "2026-09-30T20:19:48+00:00",
  "company": {
    "name": "Micron",
    "domain": "micron.com"
  },
  "data": {
    "url": "https://www.cnbc.com/2026/09/30/micron-mu-q4-earnings-report-2026.html",
    "title": "Micron beats on revenue and earnings as global memory shortage continues",
    "assets": "campuses",
    "excerpt": "In this article Micron reported better-than-expected quarterly results on Wednesday as the memory maker continues to benefit from soaring demand for AI infrastructure. Here's how the company did relative to LSEG consensus: Revenue almost quadrupled in the fiscal fourth quarter from $11.32 billion a year earlier, according to a statement . Micron's stock has soared more than 500% in the past year, benefiting from a worldwide supply crunch caused by historic levels of demand for memory chips needed for artificial intelligence models and workloads. The shortage has led to a spike in memory costs and resulted in increased prices for consumer electronics like Apple 's iPads and MacBooks. Micron is the only U.S.-based maker of high-bandwidth memory, HBM, made up of stacks of general-purpose dynamic random-access memory, or DRAM. Advanced graphics and central processors from chip giants like Nvidia and AMD need increasing amounts of HBM to handle AI workloads, and the world's leading providers can't make enough. That's why Micron is investing $250 billion to build two new campuses for making HBM. The largest broke ground in Clay, New York, in January, while its first new fab in Boise, Idaho, is scheduled to come online next year. HBM leaders SK Hynix and Samsung are also in the midst of massive new HBM factory buildouts in their home country of South Korea. Micron holds the smallest...",
    "summary": "Micron is investing $250 billion to build two new campuses for making high-bandwidth memory (HBM), with one in Clay, New York, and another in Boise, Idaho.",
    "location": "Clay, New York",
    "planning": true,
    "image_url": "https://image.cnbcfm.com/api/v1/image/108369539-1790699148394-gettyimages-2297196411-AFP_C9PF6K9.jpeg?v=1790699202&w=1920&h=1080",
    "confidence": 0.9,
    "assets_tags": [
      "production"
    ],
    "published_at": "2026-09-30T20:19:48Z",
    "location_data": [
      {
        "city": "Clay",
        "state": "New York",
        "region": "Northern America",
        "country": "United States",
        "continent": "Americas",
        "fuzzy_match": false
      }
    ],
    "article_sentence": "That's why Micron is investing $250 billion to build two new campuses for making HBM.",
    "amount_normalized": 250000000000
  }
}

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  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
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