Micron’s sales rose 196% year over year to $23.9 billion
Micron Technology has seen a significant increase in demand for its memory processors used in artificial intelligence data centers.
The company’s sales rose 196% year over year to $23.9 billion in its fiscal 2026 second quarter.
Tech companies are committing to $750 billion in AI capital expenditures this year, which is expected to fuel higher memory sales volumes.
Meta and Alphabet are increasing their capital expenditures, with Alphabet expecting to spend $190 billion this year and more in 2027.