Autonomous cars will need 300 gigabytes of DRAM or more, and robots will need similar quantities, leading memory-maker Micron Technology to predict it has a long and happy future ahead of it.<\/p>\n
The company on Wednesday announced its results for the second quarter of 2026, and reported revenue of $23.86 billion, almost triple the $8.053 billion it posted for Q2 2025. The result represented a $10.3 billion revenue jump from the previous quarter.<\/p>\n
Net income reached $13.8 billion, rather better than the $1.58 billion from the same quarter in 2025.<\/p>\n
CEO Sanjay Mehrotra attributed those results to \u201can increase in memory demand driven by AI, structural supply constraints and Micron\u2019s strong execution across the board.\u201d<\/p>\n
The company is milking this for all it\u2019s worth. Mehrotra said Micron is now signing \u201cstrategic customer agreements\u201d that differ from its previous long-term agreements because they involve \u201cspecific commitments over a multi-year time horizon for improved visibility and stability in our business model.\u201d The company has signed one of the new agreements covering five years, and is pushing for others with the argument they help customers to plan their affairs, too.<\/p>\n
The CEO also said Micron\u2019s efforts to bring new manufacturing processes online will deliver later this year, and help the company to boost output by 20 percent.<\/p>\n
Mehrotra sees a blip in the PC and smartphone markets, in which he said device shipments may \u201cdecline in the low double-digits percentage range\u201d this year, due to memory shortages.<\/p>\n
But he sees long-term upside in both classes of device.<\/p>\n
\u201cOver time, we expect the value of on-device AI to drive strong memory content growth in PCs and smartphones,\u201d he said. \u201cWe see an unprecedented set of opportunities for memory and storage to enable the AI era across market segments and expect to meaningfully increase our R&D investments in fiscal 2027.\u201d<\/p>\n