Technology

Micron Technology: record quarterly turnover driven by demand for AI data centre chips

The US manufacturer has posted extraordinary growth, with revenue and profits exceeding forecasts, driven by the expansion of data centres and the boom in cloud servers.

25 June 2026

2' min read

Translated by AI

Versione italiana

2' min read

Translated by AI

Versione italiana

The US chip manufacturer Micron Technology has closed the third quarter of the 2025–2026 financial year with record results, driven by demand from data centres for artificial intelligence.

The group’s turnover rose by 346 per cent year-on-year to $41.46 billion, whilst net profit increased fifteen-fold to $28.24 billion, equivalent to $24.67 per share.

Both turnover and earnings per share exceeded market expectations.

Furthermore, for the current quarter, Micron is forecasting revenue of around $50 billion, a figure that would represent a new record for the group. This growth reflects the market’s shift towards data centres: cloud and server-related activities now generate around $25 billion, accounting for over 60 per cent of the group’s sales.

Aspettando Nvidia

The rapid construction of data centres has created a bottleneck in the supply of chips, causing prices to soar and affecting all electronic products, including phones and computers; according to Micron, the situation is not expected to ease before 2028.

During the quarter, operating cash flow stood at $25.39 billion, compared with $11.90 billion in the previous quarter and $4.61 billion in the same period last year.

Chip shortage beyond 2027

Micron Technology is taking steps to increase its supply of memory chips and meet rapidly growing demand, as Chief Executive Sanjay Mehrotra told analysts during a conference call.

The rate at which supply is increasing is constrained by a number of factors, including regulatory barriers, energy infrastructure, labour and the long lead times involved in building production facilities.

Nevertheless, he added, the company is making progress in expanding its manufacturing operations in New York, Idaho and overseas, in Japan and Singapore.

It also anticipates that shipments from a plant in Taiwan will begin a quarter earlier than planned, in mid-2027.

“We are working hard to increase supply, but we expect the shortage to persist beyond 2027”, says Mehrotra.

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