Micron Sells Out 2026 HBM Capacity, Plans Over 2X Revenue Growth
Micron’s high-bandwidth memory capacity for 2026 is fully sold out, supporting consensus estimates of more than double revenue and triple EPS next year. Micron ended fiscal Q1 2026 with $12 billion cash, $15.5 billion liquidity and long-term AI supply deals with NVIDIA, AMD and Intel.
1. 2026 HBM Capacity Sold Out
Micron has pre-sold all of its high-bandwidth memory (HBM) capacity for 2026, giving the company exceptional revenue visibility. Analysts now expect revenue to more than double and earnings per share to triple next year based on current supply agreements.
2. Strengthened AI Partnerships
The company has inked long-term supply deals with leading AI infrastructure players including NVIDIA, AMD and Intel. These partnerships secure consistent demand for Micron’s memory solutions in data centers and AI model training applications.
3. Robust Liquidity Position
At the end of fiscal Q1 2026, Micron held $12 billion in cash and investments and $15.5 billion in total liquidity. This strong balance sheet supports strategic acquisitions, capital investments and shareholder returns through dividends and buybacks.
4. Technical Pullback Opportunity
Shares have risen roughly 340% over the past year, but recent price support at the 10-week moving average suggests a low-risk entry point. Investors monitoring pullbacks could consider this technical level as an indicator of trend continuation.