Micron, which has ended its general-purpose memory business, saw its profits increase 2.8 times thanks to earnings from the data center sector.
Micron announced its financial results for the first quarter of fiscal year 2026 (September to November) on December 17, 2025. Net income was $5.24 billion (approximately 820 billion yen), an increase of 180% compared to the same period last year.
Micron Technology, Inc. Reports Results for the First Quarter of Fiscal 2026 | Micron Technology
Micron has a large market share as a memory manufacturer and has sold Crucial brand memory and SSDs to general consumers. However, on December 3, 2025, Micron announced its withdrawal from the consumer memory and storage sector and declared that it would end shipments of Crucial brand products in February 2026. Micron cited its focus on the data center sector, where demand for memory and storage is rapidly increasing, as the reason for this business expansion.
Micron to withdraw from consumer memory storage business, Crucial brand memory and SSD shipments to be halted in February 2026 - GIGAZINE
Micron's revenue for the first quarter of fiscal year 2026 was $13.643 billion (approximately ¥2.1 trillion), up 56% from the same period last year. GAAP net income was $5.24 billion (approximately ¥820 billion), up 180% from the same period last year.
The breakdown by business segment is as follows: Cloud Memory Business Unit revenue was $5.284 billion (approximately 8.2 trillion yen), approximately double the figure for the same period last year.
Micron's Chairman, President and CEO, Sanjay Mehrotra, said, 'Micron achieved record revenue and significant profit margin improvements across the company and each business unit in the first quarter of fiscal year 2026. Our guidance for the second quarter of fiscal year 2026 reflects significant record-breaking results in revenue, profit, EPS and free cash flow, and we expect performance to remain strong throughout fiscal year 2026. Micron has established itself as an essential company in achieving its AI goals and is investing to meet growing demand for memory and storage.' He emphasized that the business is doing well due to expanding demand in the AI field.
Micron's fiscal year 2026 first quarter financial report is available at the following link:
Micron Technology, Inc. Reports Results for the First Quarter of Fiscal 2026
(PDF file) https://investors.micron.com/node/49861/pdf
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