Micron Technology (MU) Q2 FY8/26 Earnings Review: Insane Demand For Memory Continues
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Introduction
Micron is, as you know, one of the three leading DRAM producers worldwide. It is the only US domiciled player in this sector. The company designs and manufactures memory chips in-house.
Micron is experiencing unprecedented demand for its products, a result of the voracious demand for memory in AI datacenters and, now, in consumer devices running client-side AI too.
Memory was and is cyclical, but for now we remain in the midst of an up-cycle in demand for the types of high-end memory chip that MU produces. There is another leg to this cycle coming I think; anyone using Claude CoWork or OpenClaw or comparable tools will know that the client-side demand on computing resource is also now starting to climb; that means an upgrade cycle on the client side coming, I think, to include memory of all kinds and for that matter local processing power too.
Alex King