Micron Technology reported on February 17, 2026, that it has sold out its entire 2026 supply of High-Bandwidth Memory (HBM). The artificial intelligence boom continues to drive massive demand for these specialized memory chips. This supply shortage grants the company significant pricing power and a robust growth trajectory.
Management issued guidance for a non-GAAP gross margin of 68% for the second quarter of fiscal 2026. This figure represents a substantial increase over the previous year's performance. Wall Street analysts project that earnings per share could quadruple during the 2026 fiscal year.
Micron is constructing a major manufacturing facility in New York to scale production of next-generation HBM4 memory. This investment aims to address the ongoing AI-related memory shortage and secure long-term market positioning.