Cloud Memory (CMBU)
Largest business unit in fiscal 2026 at $43.09 billion, up from $13.52 billion; fiscal Q4 revenue was $16.28 billion.
The numbers
What it is
The business unit for HBM and server memory sold to cloud and AI customers. Its fiscal 2026 growth came from HBM and AI-related server DRAM.
Why it matters to the stock. CMBU is the clearest read on AI memory demand. Its revenue growth, HBM mix and pricing are what traders watch for the AI memory trade.
News
Micron posts record fiscal Q4 revenue of $54.23 billion and guides $61.5 billion for next quarter
Micron reported record fiscal fourth-quarter 2026 revenue of $54.23 billion on September 30, 2026, up from $41.46 billion in the prior quarter.
Micron declares $0.15 quarterly dividend payable July 21, 2026
Micron's board declared a quarterly cash dividend of $0.15 per share alongside the fiscal Q3 results.
Micron repurchases $650 million of stock in first half of fiscal 2026
Micron's fiscal Q2 release shows $650 million of repurchases under its repurchase program for the six months ended February 26, 2026.