Micron Technology’s chief financial officer, Mark Murphy, confirmed that the company’s next‑generation high‑bandwidth memory (HBM4) is now in high‑volume production and has begun shipping to customers. The statement was delivered at the Wolfe Research Auto, Auto Tech and Semiconductor Conference in New York on February 11, 2026, and represents a milestone that Micron had previously projected for the second quarter of 2026.
HBM4 delivers more than 11 Gbps of bandwidth per pin and up to 32 GB of capacity per stack, making it a critical component for AI data‑center GPUs. Murphy noted that the company has been in high‑volume production and has shipped units to customers a full quarter earlier than the guidance issued in the December earnings call. The early ramp‑up is intended to meet the strong demand from hyperscalers and to capture the premium pricing that accompanies high‑margin memory products.
The announcement comes amid intense competition from Samsung and SK Hynix, both of which have accelerated their own HBM4 production timelines. Analysts have raised concerns that Micron’s HBM4 may fall short of NVIDIA’s latest pin‑speed requirements for the Vera Rubin platform, potentially limiting Micron’s share of NVIDIA’s initial orders. Murphy’s confirmation counters these concerns, but the market remains wary of the competitive dynamics and the possibility of exclusion from key customer supply chains.
Micron’s Q1 2026 financial results provide context for the HBM4 milestone. Revenue rose to $13.64 billion, a 57% year‑over‑year increase and a $810 million beat over the consensus estimate of $12.83 billion. Non‑GAAP earnings per share reached $4.78, up 21% from the prior year and $0.84 above the $3.94 consensus. Gross margin expanded to 56.8%, up 11 percentage points sequentially, driven by higher mix in the data‑center segment and disciplined cost control. The strong performance reflects the company’s ability to capitalize on AI demand while maintaining pricing power in a competitive market.
Investors responded favorably to the CFO’s confirmation, which addressed earlier concerns about production delays and potential exclusion from NVIDIA’s supply chain. The statement reinforced confidence in Micron’s execution capability and its ability to deliver high‑margin products ahead of schedule, mitigating headwinds from competitors’ accelerated timelines.
Management emphasized that the early ramp‑up of HBM4 production is a key driver of future revenue and margin expansion. The company plans to continue scaling the product while maintaining a focus on cost discipline and strategic investments in U.S. manufacturing capacity. The CFO’s remarks signal confidence in Micron’s competitive position and its ability to meet the growing demand for AI memory, positioning the company for sustained growth in the high‑margin data‑center market.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.