Micron CEO Sanjay Mehrotra: AI is central to our growth story

Core Insights - Micron reported a significant increase in sales, with a 46% rise attributed to the AI boom, and an annual revenue growth of 50% to $37.4 billion for fiscal year 2025 [1][3] - The company is experiencing strong demand across various sectors, including mobile, PC, data centers, servers, and automotive, indicating a robust market position [2][4] Financial Performance - Micron is anticipating record revenue and earnings per share (EPS) for the first fiscal quarter, with extraordinary gross margins across nearly all product lines [5] - The company has successfully driven profitability through a well-positioned product portfolio and effective cost reduction strategies [6] Market Trends - The demand-supply environment is expected to remain healthy in calendar year 2026, with tightening supply and growing momentum in AI data centers and smartphones [7] - There is a projected investment of hundreds of billions of dollars in AI infrastructure, with memory being a central component, leading to significant benefits for Micron [10] AI Integration - Micron is actively utilizing AI in its operations to enhance manufacturing yields and accelerate product quality, positioning itself as a critical enabler in the AI landscape [11] - The company highlights a 30-40% productivity uplift in specific generative AI applications, reinforcing the real demand for its products [9]