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Micron CEO drops a bombshell after Micron’s huge earnings beat

Micron CEO drops a bombshell after Micron’s huge earnings beat
Image: Micron

Micron delivered one of the strongest quarters in its history, reporting record revenue of $23.86 billion and adjusted EPS of $12.20, driven by surging AI‑related memory demand. But CEO Sanjay Mehrotra warned that Micron can supply only 50% to two‑thirds of what key customers need, signaling that the AI memory shortage remains severe. Investors are now questioning how long Micron can benefit from the supply crunch, especially as the company plans to spend over $25 billion on new capacity in fiscal 2026. While demand for high‑bandwidth memory is still outpacing supply, Wall Street is increasingly focused on whether Micron is nearing peak conditions.

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