March 24, 2025 /SemiMedia/ — Micron Technology Chief Business Officer Sumit Sadana recently announced that the company's entire supply of high-bandwidth memory (HBM) chips for calendar year 2025 has already been fully booked. He stated, “As we continue to expand HBM capacity and market share, we expect sustained growth throughout 2025.” This strong demand reflects the rapid expansion of AI infrastructure, where HBM plays a crucial role.

Michael Ashley Schulman, CIO at Running Point Capital, highlighted Micron’s exceptional outlook, noting that the company has exceeded analyst expectations in both revenue and profitability. He emphasized Micron's critical role in providing essential memory components for AI-driven computing.

On March 20, Micron reported Q2 FY2024 earnings, revealing a 38% year-over-year revenue increase to $8.05 billion, surpassing analyst estimates of $7.91 billion. Adjusted earnings per share (EPS) stood at $1.56, exceeding market expectations of $1.43. This performance was fueled by booming demand for high-performance memory solutions, including HBM and DDR5, as well as a broader recovery in the data center sector.

Micron Chairman, President, and CEO Sanjay Mehrotra stated during the earnings call that data center revenue tripled year-over-year, marking a significant milestone for the company’s financial performance. He also highlighted key technological advancements, including the introduction of the 1-gamma DRAM node, which will further enhance Micron’s memory product portfolio. Additionally, HBM revenue surpassed $1 billion in Q2, underscoring the surging demand for AI-driven high-performance memory solutions.

With AI and high-performance computing (HPC) markets continuing to expand, Micron is aggressively scaling up HBM production and strengthening partnerships with major customers like NVIDIA, AMD, and other AI hardware vendors to solidify its leadership in the AI memory supply chain.