Micron Technology Earnings Call: AI Boom, Tight Supply
Micron Technology's Q1 earnings call highlighted record revenue of $13.6 billion, driven by strong demand in AI and high-bandwidth memory. All business units reported record revenue, with significant growth in cloud, data center, mobile, and automotive sectors. Despite profitability improvements and technological advancements, supply constraints in DRAM and NAND limit the company's ability to meet full customer demand. Management remains optimistic about future growth, particularly in the HBM market, but acknowledges ongoing supply challenges.