Micron Technology, Inc. Q2 2026 Earnings Call Summary

Record fiscal Q2 results were driven by the fundamental recasting of memory as a strategic AI asset, enabling longer context windows and deeper reasoning chains. Management attributes the 'unprecedented gap' between supply and demand to structural constraints, including higher HBM trade ratios and declining bits-per-wafer growth during node migrations. The 1̳ DRAM node is the fastest ramp to mature yields in company history and is on track to become the majority of DRAM bit mix by mid-calendar 2026. ...