$MU Price Tsunami: Micron Turns the Cycle into a Perpetual Motion Machine

Micron is making a killing! Price hikes are a money-printing machine.

Micron’s revenue last quarter surged 346% year over year to $41.4 billion, far above expectations of $35.5 billion. Gross margin was 84.9%, and operating margin was over 81%.

It’s all propped up by price increases: DRAM was up 60% quarter over quarter, and NAND was up 80% quarter over quarter. All four business segments hit new highs, and data center revenue exploded 653% year over year.

The next-quarter outlook is even more aggressive: revenue is expected to rise another 340% to $50 billion, and gross margin is expected to be as high as 86%. Micron says the shortage will last at least until after 2027, and it has already signed 16 long-term contracts—aiming to turn boom-and-bust swings into a steady business.

In the future, humanoid robots’ storage demand will be 10 times that of smart cars, with demand expected to surge around 2030.

Others bet on the cycle; Micron locks in long-term orders—where do you stand?

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