Micron Faces Structural Memory Chip Shortage Amid Strong Q2 Performance
Micron Technology (NASDAQ:MU) reported strong second-quarter results with $23.86B in revenue and a $12.20 EPS, driven by its Cloud Memory Business Unit generating $5.284B at a 66% gross margin. CEO Sanjay Mehrotra highlighted that the company can only meet 50-67% of demand for HBM and DRAM chips due to structural supply constraints expected to persist until 2028, allowing Micron continued pricing power.
Topics: AI demand HBM/DRAM shortage Micron U.S. manufacturing expansion