Micron Upgraded to BBB on AI-Driven Growth; Q1 Sales Surge 57%
MUMU•
S&P Global Ratings raised Micron Technology’s credit rating to BBB, citing 15% high-bandwidth memory and 35% premium DRAM/NAND sales. Q1 sales hit $13.6B (+57% YoY, +21% QoQ) with a 56.8% adjusted gross margin, and Q2 revenue is seen up 37% with 67–69% margins.
1. Credit Rating Upgrade Highlights
2. Q1 Financial Performance
3. Q2 Revenue and Margin Guidance
4. Memory Product Mix and Market Dynamics
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Sources
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