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Key Points
Micron Technology, a leading provider of memory and storage chips, has reported record revenues of $23.9 billion for its fiscal 2026 second quarter, ending February 26, 2023, marking a 196% year-over-year increase. With a current market capitalization of $784 billion, Micron’s anticipated revenue for FY2026 is projected to reach $109.7 billion, supported by the accelerating demand for AI and data center components.
Looking ahead, Micron aims for an annual revenue of approximately $420 billion to achieve a market cap of $3 trillion by 2030, driven by a projected growth rate of 41% over the next five years. The company has several new fabrication facilities planned in Singapore, Japan, and the U.S. to bolster supply, as demand for its dynamic random-access memory (DRAM) and NAND flash memory chips continues to surge.
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