Welcome to our dedicated page for Micron Technology news (Ticker: MU), a resource for investors and traders seeking the latest updates and insights on Micron Technology stock.
Micron Technology, Inc. reports developments in memory and storage semiconductors for data centers, AI infrastructure, mobile and client devices, automotive systems, and embedded markets. The company’s updates center on DRAM, NAND, NOR, high-bandwidth memory, LPDDR memory, data center SSDs, and related storage products, including capacity and power-efficiency advances for compute-intensive workloads.
Recurring news also covers quarterly results by Cloud Memory, Core Data Center, Mobile and Client, and Automotive and Embedded units; customer and ecosystem collaborations; strategic investments tied to edge AI and physical AI; investor conference appearances; and balance-sheet actions such as cash tender offers for senior notes.
Micron Technology (MU) has unveiled the Micron 4600 PCIe Gen5 NVMe SSD, its first Gen5 client SSD that doubles the performance of its predecessor. The new drive features sequential read speeds of 14.5 GB/s and write speeds of 12.0 GB/s, enabling large language model loading in less than one second.
The 4600 SSD demonstrates significant improvements over Gen4 SSDs, including up to 62% faster AI model loading times and 107% better energy efficiency. The drive is compatible with AMD's Ryzen 9000 Series and Intel Core Ultra processors, and has received validation from major manufacturers including Lenovo.
Key performance metrics include 2.1 million random read and write IOPS, up to 38% better PCMark 10 benchmark scores than Gen4 SSDs, and significant speed improvements in various applications: 61% faster for media and entertainment, 59% for energy industry, 45% for product development, and 38% for life sciences applications.
Micron Technology (MU) has announced that its executives will be participating in the Wolfe Research Auto, Auto Tech and Semiconductor Conference in New York. The presentation is scheduled for Wednesday, February 12, at 6:50 a.m. Mountain time. The company will provide live webcasts of the presentations, which will be accessible through Micron's Investor Relations website at investors.micron.com/, along with subsequent replay options.
Micron Technology (MU) has broken ground on a new High-Bandwidth Memory (HBM) advanced packaging facility in Singapore, representing an investment of approximately $7 billion through the end of the decade. The facility, the first of its kind in Singapore, is scheduled to begin operations in 2026, with significant capacity expansion planned for 2027 to meet growing AI demands.
The investment will initially create 1,400 jobs, with plans to expand to 3,000 positions, including roles in packaging development, assembly, and test operations. The facility will strengthen Singapore's semiconductor ecosystem and feature sustainable technologies including greenhouse gas abatement, water recycling, and waste circularity measures. The building will be highly automated with AI-based solutions and designed to meet LEED certification requirements.
Additionally, Micron plans to support long-term NAND manufacturing requirements in Singapore, with flexibility in managing capacity ramps for both HBM and NAND facilities based on market demand.
Micron Technology (MU) announced expansions to its Crucial consumer memory and storage portfolio, introducing the high-speed Crucial P510 SSD and expanding options across its DRAM portfolio. The P510 delivers read/write speeds of up to 11,000/9,550 MB/s with Gen5 performance, consuming 25% less power than previous generations.
The company unveiled several product updates including: the P510 SSD in 1TB and 2TB options with integrated heatsink; a heatsink version of the P310 2280 SSD compatible with PlayStation 5; new 32GB density options for Crucial DDR5 Pro OC Gaming Memory; 64GB Crucial DDR5 Pro Plug-and-Play Memory at 5,600 MT/s; expanded CUDIMM and CSODIMM solutions; and new 64GB density Classic DDR5 Memory options.
Pure Storage (NYSE: PSTG) announced an expanded strategic collaboration with Micron Technology to develop high-capacity, energy-efficient storage solutions for hyperscale data centers. The partnership will utilize Micron's G9 QLC NAND technology in Pure Storage's future DirectFlash® Module products, building on their decade-long relationship that includes seven generations of NAND integration.
The collaboration addresses three critical data center challenges: energy efficiency, storage density, and performance. Pure Storage's 150TB DirectFlash Module, which currently uses Micron's G8 QLC NAND, demonstrates their joint capability to deliver massive drive capacities with high performance and low latency.
The partnership aims to provide improved performance with lower latency, sustainable solutions with reduced energy consumption, and rack-dense scalable solutions at a reduced total cost of ownership compared to traditional hard drive-based storage solutions.
Micron Technology (MU) has appointed Mike Cordano as executive vice president of worldwide sales, effective immediately. Cordano succeeds Mike Bokan, who previously announced his retirement plans for fiscal 2025 after serving over 28 years with the company.
Cordano brings 30 years of executive leadership experience, including 8 years at Western Digital where he served as President and Chief Operating Officer. He also held leadership positions at Hitachi Global Storage Technology and was most recently Founder and Partner of Prime Impact Capital. He will report directly to CEO Sanjay Mehrotra.
Under Bokan's leadership, Micron achieved record revenue in its most recent fiscal quarter. Bokan will support Cordano during a transition period over the next several months to ensure continuity.
Micron Technology (MU) reported strong fiscal Q1 2025 results with record revenue of $8.71 billion, up from $7.75 billion in the previous quarter and $4.73 billion year-over-year. Data center revenue grew over 40% sequentially and over 400% year-over-year, surpassing 50% of total revenue for the first time.
The company posted GAAP net income of $1.87 billion ($1.67 per share) and non-GAAP net income of $2.04 billion ($1.79 per share). Operating cash flow was $3.24 billion. Gross margin improved to 38.4% GAAP and 39.5% non-GAAP. For Q2 2025, Micron expects revenue of $7.9 billion (±$200 million) with diluted EPS of $1.26 GAAP and $1.43 non-GAAP.
Micron Technology (MU) has scheduled its fiscal first quarter earnings conference call for Wednesday, December 18, 2024, at 2:30 p.m. Mountain time. The company will broadcast the call live via webcast on their investor relations website. Replay access will be available for approximately one year after the call through the same platform.
Micron Technology has announced the qualification of its 6550 ION NVMe SSD, the world's fastest 60TB data center SSD and first E3.S PCIe Gen5 60TB SSD. The device delivers 12GB/s performance while consuming only 20 watts of power, offering up to 20% better energy efficiency than competitors. Notable features include best-in-class endurance with 1.0 random drive writes per day, industry-leading security features, and the ability to store over 1.2 petabytes per rack unit. The drive can be fully written in just 3.4 hours, significantly faster than competing solutions, and reduces rack storage needs by up to 67%.
Micron Technology (MU) announced significant leadership changes as Board Chair Bob Switz will retire at the annual shareholders meeting on January 16, 2025. The Board unanimously approved CEO Sanjay Mehrotra as the new Board Chair and Lynn Dugle as Lead Independent Director. Since joining the Board in 2006 and becoming Chair in 2012, Switz helped drive strong governance and strategy, with the company increasing revenues over five times. Under Mehrotra's leadership since 2017, Micron has become a technology, product, and manufacturing leader, introducing multiple generations of DRAM and NAND ahead of competitors.