MU News
R40 coverage for Micron Technology, Inc. (MU).
R40 Coverage
Our Explainer Prints −884 for One Company. Micron's Newest Filed Quarter Computes to 388. It Is the Same Metric Failing at Both Ends.
Micron's gross margin ran from −32.66% to 84.56% in fourteen quarters. A score built on year-over-year growth reads whatever the price cycle was doing.
We Said Micron's HBM Business Wasn't Cyclical Any More. Two Filings Later, Gross Margin Went From 37.7% to 84.6%.
In February we argued Micron's sold-out HBM capacity made it look more like a foundry than a commodity memory maker, then cited that call again in July without ever checking it. The quarter ended 2026-05-28 answers it: revenue up 4.46× year over year while cost of goods rose 10.5%. Our own series stops one quarter short of all of it.
Both Labels Are Correct and Nothing Joins Them: 22 Scores on This Site Come From an Older Quarter Than Our Own Coverage
The score names its quarter. The article names its quarter. They differ, for two unrelated reasons, on 22 of the 66 companies we track. Nothing joins the two.
Micron Just Sold Out Its Entire 2026 HBM Capacity
Micron's HBM4 enters volume production ahead of schedule, 2026 capacity is 100% sold out, and the stock hit a record $410. Here's what it means for the AI memory race.
The $700B AI Bet: Inside the Mag 7's Record 2026 CapEx Arms Race
The Magnificent Seven are set to spend $700B+ on AI infrastructure in 2026, up 60% from 2025. We break down who's spending what, the supply chain winners, and why the market is spooked.