Micron Technology, Inc. (MU): Modelo de Negócios Canvas [Jan-2025 Atualizado]

No mundo dinâmico da tecnologia de semicondutores, a Micron Technology, Inc. (MU) é um inovador essencial, transformando como percebemos soluções de memória e armazenamento nas indústrias globais. Ao alavancar um modelo de negócios sofisticado que combina parcerias estratégicas, pesquisa de ponta e recursos avançados de fabricação, a Micron se posicionou como um participante crítico no ecossistema tecnológico, fornecendo tecnologias de memória de alto desempenho que alimentam tudo, desde data centers a dispositivos móveis. Essa exploração do modelo de negócios da Micron, Canvas, revela as intrincadas estratégias por trás de seu notável sucesso na paisagem semicondutores.

Micron Technology, Inc. (MU) - Modelo de Negócios: Parcerias -chave

Alianças estratégicas com os principais fabricantes de tecnologia

A Micron Technology mantém parcerias estratégicas críticas com os principais fabricantes de tecnologia:

Parceiro	Tipo de parceria	Ano estabelecido
Intel Corporation	Colaboração em tecnologia de memória	2006
Apple Inc.	Contrato de suprimento de memória	2017
Dell Technologies	Cadeia de suprimentos de componentes	2019

Acordos de desenvolvimento conjunto

A Micron colabora com várias instituições de pesquisa semicondutores:

• Universidade de Michigan - Pesquisa de memória avançada
• Universidade de Stanford - inovações de design de semicondutores
• Instituto de Pesquisa de Semicondutores de Taiwan

Parcerias de fabricação colaborativa na Ásia

As parcerias de fabricação da Micron na Ásia incluem:

País	Parceiro de fabricação	Valor do investimento
Taiwan	TSMC	US $ 5,6 bilhões
Cingapura	AVERTEC	US $ 3,2 bilhões
China	Wuxi Fab	US $ 2,8 bilhões

Parcerias da cadeia de suprimentos

Detalhes da parceria global de empresas eletrônicas:

• Sistemas Cisco - Componentes de equipamentos de rede
• Samsung Electronics - Supplência do módulo de memória
• Grupo Lenovo - fornecimento de componentes de computador

Investimento total de parceria em 2024: US $ 11,6 bilhões

Micron Technology, Inc. (MU) - Modelo de negócios: Atividades -chave

Memória avançada de semicondutores e design de chips de armazenamento

No ano fiscal de 2023, a Micron investiu US $ 4,6 bilhões em pesquisa e desenvolvimento. A empresa produz mais de 200 milhões de chips de memória e armazenamento anualmente em vários nós de tecnologia.

Categoria de design	Volume anual de produção	Nós de tecnologia
DRAM Chips	120 milhões de unidades	10nm, 7nm
Nand Flash Memory	85 milhões de unidades	176 camada, 232-camada

Pesquisa e desenvolvimento de tecnologias de memória de ponta

A Micron mantém vários centros globais de P&D com aproximadamente 6.500 pesquisadores e engenheiros dedicados.

• Locais de P&D nos Estados Unidos, Cingapura, Israel e China
• Portfólio de patentes superior a 48.000 patentes ativas
• Os gastos anuais de P&D representam 17-20% da receita total

Fabricação de semicondutores em larga escala

Instalações de fabricação localizadas em várias regiões globais, com capacidade total de produção de 1,5 milhão de bolachas por ano.

Local de fabricação	Produção anual de wafer	Foco principal do produto
Virginia, EUA	350.000 bolachas	Dram
Cingapura	450.000 bolachas	Nand, memória avançada
Taiwan	250.000 bolachas	Memória especializada

Inovação contínua de produtos em tecnologias DRAM e NAND

A Micron desenvolve consistentemente tecnologias de memória de próxima geração, com foco no desempenho e na eficiência.

• Desenvolveu a tecnologia NAND de 232 camadas em 2022
• Introduziu soluções de memória DDR5 para mercados corporativos e de consumo
• Investiu US $ 15 bilhões em recursos avançados de fabricação entre 2021-2023

Micron Technology, Inc. (MU) - Modelo de negócios: Recursos -chave

Instalações avançadas de fabricação de semicondutores

A Micron opera várias instalações de fabricação de semicondutores globalmente:

Total de instalações de fabricação	8 locais
Locais de fabricação primários	Estados Unidos, Cingapura, Taiwan, Japão
Capacidade total de fabricação	1,5 milhão de bolachas por ano (2023)
Despesas de capital em instalações (2023)	US $ 9,4 bilhões

Portfólio de propriedade intelectual extensa

Os ativos de propriedade intelectual da Micron incluem:

• Total de patentes mantidas: 48.000+ (a partir de 2023)
• Investimento anual de P&D: US $ 3,8 bilhões
• Famílias de patentes: mais de 5.000 famílias de patentes ativas

Equipes de engenharia e pesquisa altamente qualificadas

Total de funcionários	48,000+ (2023)
Funcionários de P&D	Aproximadamente 6.500
Titulares de graduação avançados	35% da força de trabalho técnica

Investimento de capital significativo em infraestrutura de fabricação

Investimentos financeiros em infraestrutura e tecnologia:

• Total de ativos: US $ 55,4 bilhões (Q4 2023)
• Propriedade, planta e equipamento: US $ 39,2 bilhões
• Propriedade líquida, planta e equipamento: US $ 33,6 bilhões

Capacidades avançadas de pesquisa tecnológica

Nós de tecnologia	1α (1-alfa), 1β (1-beta), 3
Parceiros de colaboração de pesquisa	Mais de 15 universidades e instituições de pesquisa
Investimento de tecnologia anual	US $ 3,8 bilhões

Micron Technology, Inc. (MU) - Modelo de Negócios: Proposições de Valor

Soluções de memória e armazenamento de alto desempenho

A Micron Technology oferece soluções avançadas de memória e armazenamento com as seguintes especificações -chave:

Categoria de produto	Métricas de desempenho	Quota de mercado
Dram	Taxas de transferência de dados de até 24 Gbps	22,4% de participação de mercado global
Nand Flash	Tecnologia NAND 3D de 232 camadas	15,6% de participação de mercado global
SSD	Até 7.000 MB/s de velocidades de leitura	12,3% de penetração no mercado

Inovações tecnológicas de ponta no design de semicondutores

As inovações tecnológicas da Micron incluem:

• Processo de fabricação NAND 3D de 232 camadas
• Soluções de memória de alta largura de banda (HBM)
• Tecnologias avançadas de embalagem de semicondutores

Investimento de pesquisa e desenvolvimento: US $ 4,9 bilhões no ano fiscal de 2023

Produtos de memória confiáveis ​​e com eficiência energética

Métricas de eficiência do produto	Desempenho
Consumo de energia	20% menor que a geração anterior
Classificação de confiabilidade	99,99% de tempo médio entre falhas
Faixa de temperatura operacional	-40 ° C a 85 ° C.

Soluções de memória escaláveis ​​para diversos mercados de tecnologia

Cobertura do segmento de mercado:

• Data Center: 35% da receita total
• Computação do cliente: 28% da receita total
• Eletrônica automotiva: 12% da receita total
• Industrial e networking: 15% da receita total
• Dispositivos móveis: 10% da receita total

Receita total para o ano fiscal de 2023: US $ 21,4 bilhões

Micron Technology, Inc. (MU) - Modelo de Negócios: Relacionamentos do Cliente

Suporte técnico e atendimento ao cliente

A Micron fornece suporte técnico global em vários canais:

Canal de suporte	Horário disponível	Tempo de resposta
Suporte telefônico	24/7	Dentro de 2 horas
Suporte por e -mail	24/7	Dentro de 4 horas
Base de conhecimento online	Contínuo	Imediato

Parcerias de tecnologia corporativa de longo prazo

A Micron mantém parcerias estratégicas com as principais empresas de tecnologia:

• Dell Technologies
• HP Inc.
• Grupo Lenovo
• Amazon Web Services
• Microsoft Azure

Desenvolvimento de produtos colaborativos com clientes -chave

Segmento de clientes	Tipo de colaboração	Investimento anual
Provedores de nuvem de hiperescala	Soluções de memória personalizadas	US $ 450 milhões
Computação corporativa	Designs de armazenamento especializados	US $ 275 milhões
Eletrônica automotiva	Integração avançada de memória	US $ 180 milhões

Consulta técnica contínua e suporte de integração

A Micron oferece serviços abrangentes de consulta técnica com equipes de suporte dedicadas:

• Consultores técnicos globais: 350 engenheiros especializados
• Centros de apoio regionais: 7 locais em todo o mundo
• Engajamento médio do cliente: 18-24 meses por projeto
• Orçamento de suporte de integração: US $ 125 milhões anualmente

Micron Technology, Inc. (MU) - Modelo de Negócios: Canais

Vendas diretas para fabricantes de tecnologia

A tecnologia Micron gera US $ 33,05 bilhões em receita anual (2023 ano fiscal). As vendas diretas aos fabricantes de tecnologia representam aproximadamente 65% da receita total do canal.

Segmento de clientes	Volume de vendas	Porcentagem de receita
Fabricantes de data center	42% das vendas diretas	27,3% da receita total
Fabricantes de PC/laptop	38% das vendas diretas	24,7% da receita total
Fabricantes de dispositivos móveis	20% das vendas diretas	13% da receita total

Catálogos de produtos on -line e documentação técnica

A Micron mantém plataformas digitais abrangentes com mais de 2.500 especificações e recursos de documentação do produto técnico.

• Páginas de catálogo digital: 1.247 listagens de produtos exclusivas
• Documentação Técnica Downloads: 3,2 milhões anualmente
• Tráfego do site: 1,8 milhão de visitantes únicos por mês

Conferências de Tecnologia e feiras do setor

A Micron participa de 37 principais conferências de tecnologia global anualmente, representando 12% de sua estratégia de envolvimento do cliente.

Tipo de conferência	Participação anual	Interações estimadas do cliente
Conferências de Tecnologia Global	22 conferências	45.000 interações diretas
Exposições de tecnologia regional	15 exposições	28.000 interações diretas

Equipes de gerenciamento de contas estratégicas

A Micron emprega 412 gerentes de contas estratégicas dedicadas que atendem aos clientes de tecnologia de primeira linha.

• Valor médio da conta: US $ 87,3 milhões por conta estratégica
• Cobertura de conta global: 68 países
• Taxa de retenção de clientes: 94,6%

Plataformas de marketing digital e comunicação técnica

A Micron aproveita vários canais de comunicação digital para envolver os clientes de tecnologia.

Plataforma digital	Engajamento mensal	Volume de conteúdo
LinkedIn	275.000 seguidores	87 postagens técnicas mensalmente
Canal técnico do YouTube	142.000 assinantes	24 vídeos técnicos trimestralmente
Webinars técnicos	12.000 participantes médios	18 webinars anualmente

Micron Technology, Inc. (MU) - Modelo de negócios: segmentos de clientes

Mercados de data centers corporativos

A Micron serve clientes do Data Center Enterprise com soluções específicas de memória e armazenamento.

Segmento de mercado	Contribuição da receita	Principais produtos
Computação de alto desempenho	US $ 2,8 bilhões (2023)	Memória do servidor DDR5
Enterprise SSD	US $ 1,6 bilhão (2023)	X100 NVME SSD

Fabricantes de eletrônicos de consumo

A Micron fornece componentes de memória para as marcas globais de eletrônicos de consumo.

• Samsung Electronics: 15% do fornecimento de componentes de memória
• Apple Inc.: 12% do fornecimento de componentes de memória
• Grupo Lenovo: 8% do fornecimento de componentes de memória

Fabricantes de tecnologia automotiva

A Micron fornece soluções de memória automotiva especializadas.

Segmento automotivo	Quota de mercado	Receita anual
Sistemas avançados de assistência ao motorista	22%	US $ 740 milhões (2023)
Soluções de memória automotiva	18%	US $ 620 milhões (2023)

Provedores de computação em nuvem

A Micron fornece soluções de memória para as principais empresas de infraestrutura em nuvem.

• Amazon Web Services: 20% do fornecimento de memória em nuvem
• Microsoft Azure: 17% do suprimento de memória em nuvem
• Google Cloud: 15% do suprimento de memória da nuvem

Computação pessoal e fabricantes de dispositivos móveis

A Micron fornece componentes de memória para computação pessoal e dispositivos móveis.

Categoria de dispositivo	Receita de memória	Penetração de mercado
Smartphones	US $ 3,2 bilhões (2023)	25% de oferta global
Laptops	US $ 2,5 bilhões (2023)	30% de oferta global

Micron Technology, Inc. (MU) - Modelo de negócios: estrutura de custos

Altos gastos de capital para fabricação de semicondutores

No ano fiscal de 2023, a Micron Technology registrou despesas totais de capital de US $ 13,1 bilhões. A fabricação de semicondutores da empresa requer investimento substancial em instalações e equipamentos avançados de fabricação.

Categoria de despesa de capital	Valor (US $ bilhão)
Infraestrutura de fabricação	8.7
Equipamento avançado	3.6
Atualizações da instalação	0.8

Investimentos significativos de pesquisa e desenvolvimento

A Micron alocou US $ 2,9 bilhões às despesas de pesquisa e desenvolvimento no ano fiscal de 2023, representando 16,5% da receita total.

• Desenvolvimento da tecnologia de memória
• Projeto avançado de semicondutores
• Soluções de armazenamento de próxima geração

Operações complexas de fabricação e cadeia de suprimentos complexas

Instalações de fabricação localizadas em vários países com custos operacionais abrangendo:

Localização	Custos operacionais (US $ milhões)
Estados Unidos	1,450
Cingapura	870
Taiwan	620
Japão	340

Manutenção avançada de infraestrutura tecnológica

Custos anuais de manutenção de infraestrutura tecnológica estimados em US $ 425 milhões, incluindo:

• Manutenção Fab semicondutora
• Atualizações de sistemas de TI
• Infraestrutura de segurança cibernética

Despesas de aquisição e retenção de talentos

O total de recursos humanos e despesas relacionadas a talentos em 2023 atingiram US $ 1,2 bilhão, com:

Categoria de despesa	Valor (US $ milhões)
Salários e compensação	890
Recrutamento	120
Treinamento e desenvolvimento	190

Micron Technology, Inc. (MU) - Modelo de negócios: fluxos de receita

Vendas de chips de memória para fabricantes de tecnologia

Ano fiscal de 2023 Receita total: US $ 21,1 bilhões

Categoria de produto	Contribuição da receita
DRAM Chips	US $ 12,4 bilhões
Nand Chips	US $ 6,7 bilhões
Soluções de memória especializada	US $ 2,0 bilhões

Receitas ao produto de armazenamento DRAM e NAND

• DRAM Participação de mercado: 22,3%
• Participação de mercado NAND: 15,7%
• Preço médio de venda (ASP) para DRAM: US $ 3,85 por gigabit
• Preço médio de venda (ASP) para NAND: US $ 0,095 por gigabit

Licenciamento de propriedade intelectual semicondutores

Receita anual de licenciamento: US $ 85 milhões

Contratos de desenvolvimento de soluções de memória personalizada

Tipo de contrato	Receita anual
Enterprise Solutions Custom	US $ 450 milhões
Designs de memória automotiva	US $ 220 milhões

Vendas do mercado de tecnologia corporativa e de consumo

• Receita de memória do servidor corporativo: US $ 5,6 bilhões
• Receita de memória de PC de consumo: US $ 3,2 bilhões
• Receita de memória do dispositivo móvel: US $ 2,9 bilhões

Micron Technology, Inc. (MU) - Canvas Business Model: Value Propositions

You're looking at the core reasons why strategic customers choose Micron Technology, Inc. over competitors, especially as the AI buildout demands higher performance and guaranteed supply. Here's the data-driven breakdown of what Micron is delivering as of late 2025.

Industry-leading HBM3e for AI accelerators and high-performance computing

Micron Technology, Inc. is delivering memory solutions built specifically for the intense demands of generative AI and supercomputing platforms. The HBM3e product line offers tangible performance gains over previous generations.

HBM3E Specification	Value
Bandwidth per Placement (Industry-leading)	More than 1.2 TB/s
Power Consumption Improvement (vs. Competitors)	30% lower
Capacity (8-High Stack)	24GB
Capacity (12-High Stack)	36GB

The demand for this technology is clear: Micron Technology, Inc. confirmed its entire High Bandwidth Memory (HBM) supply for calendar year 2025 is sold out. In Fiscal Q4 2025, HBM revenue alone climbed to nearly $2 billion, suggesting an annualized run rate approaching $8 billion.

High-capacity, energy-efficient memory for hyperscale data centers

The focus on data centers is central to Micron Technology, Inc.'s current success. This segment drove the company to a record fiscal year.

• Data center business accounted for a record 56% of total company revenue in fiscal 2025.
• The Cloud Memory Business Unit (CMBU) generated $4.543 billion in Q4 2025 revenue.
• CMBU achieved a gross margin of 59% and an operating margin of 48% in Q4 2025.
• The combined revenue from HBM, high-capacity DIMMs, and LP server DRAM reached $10 billion for fiscal 2025.

This segment's performance contributed to a fiscal 2025 total revenue of $37.38 billion.

Supply chain resilience as the only U.S.-based memory manufacturer

Micron Technology, Inc.'s position as the only U.S.-based memory manufacturer is a key value driver, especially amid geopolitical considerations. The company is making massive capital commitments to onshore critical production.

The company spent $13.88 billion in capital expenditures in fiscal 2025. Furthermore, the Boise advanced-memory fab received a $6.1 billion award to bring high-bandwidth memory production onshore. Overall, Micron Technology, Inc. plans to invest more than $150 billion globally in semiconductor manufacturing.

Broad portfolio of high-performance DRAM, NAND, and NOR products

While AI memory is the immediate growth engine, the value proposition rests on a full spectrum of memory and storage solutions. In Q4 2025, DRAM revenue alone was $7.1 billion, making up 76% of the quarter's total revenue.

The strategic shift is evident in the product mix. Micron Technology, Inc. announced it will shutter its Crucial consumer brand by February 2026 to reallocate capacity to enterprise segments. This move prioritizes higher-margin products over consumer markets that generate thinner margins.

Guaranteed supply via multiyear, long-term contracts for strategic customers

The pivot to enterprise focus means securing supply for hyperscale cloud providers through long-term agreements. This contrasts with the volatile pricing in consumer markets.

The tight supply environment is expected to sustain pricing power. Some DRAM prices have climbed between 20-70% since September 2025, driven by these forward contracts and restricted supply. The company expects a healthy demand-supply environment for overall DRAM in 2026, which supports profitability.

Micron Technology, Inc. (MU) - Canvas Business Model: Customer Relationships

You're looking at how Micron Technology, Inc. manages its most important client relationships as of late 2025. The strategy is clearly weighted toward the highest-value, fastest-growing segments, which means a very direct, high-touch approach for a select group of buyers.

Dedicated direct sales and technical support for large OEMs and hyperscalers

Micron Technology, Inc. has made a decisive pivot, evidenced by the exit from its Crucial consumer memory business, which will cease retail sales by February 2026 after a 29-year run. This move directly frees up capacity to support larger, strategic customers. The focus is squarely on enterprise and data center clients, where the Cloud Memory Business Unit (CMBU) revenue reached $4.5 billion and represented 40% of total company revenue in a recent quarter. In fiscal year 2025, the data center end market accounted for 56% of total company revenue. Honestly, when over 50% of your total revenue comes from your top ten customers, the relationship is inherently direct and high-touch.

Strategic, long-term supply agreements to secure high-value products

The nature of the relationship is solidified through long-term commitments, especially for High Bandwidth Memory (HBM) products. Supply agreements for HBM3E and HBM4 have been completed through 2026. This is a clear indicator of securing future revenue streams. To be fair, the demand from tech giants like Microsoft, Google, and ByteDance was so strong in October 2025 that they reportedly asked Micron for 'indefinite orders,' indicating intent to take as much volume as Micron could deliver regardless of price. The HBM business itself posted strong growth, with Q4 2025 revenue nearing $2 billion, suggesting an annualized run rate near $8 billion.

Here's a quick look at the revenue concentration and product mix shift:

Metric	Value (FY 2025 or latest reported)	Context
Total Revenue Growth (YoY)	49%	Total revenue for 2025 rose to a record $37.38 billion.
Data Center Revenue Share	56%	The primary focus segment, with gross margins of 52% in fiscal 2025.
Top Ten Customer Revenue Share	Over 50%	Indicates significant customer concentration and reliance on key partnerships.
HBM Revenue (Q4 2025)	Nearly $2 billion	Implies an annualized run rate of nearly $8 billion for this high-value product.

Co-engineering and early access programs for next-gen technology

Micron Technology, Inc. is deeply embedded in the design cycles of its largest customers, which is the definition of co-engineering in this space. For instance, the Small Outline Compression Attached Memory Module (SOCAMM) was developed in close collaboration with NVIDIA to enhance the GB300 Grace Blackwell Ultra Superchip. Micron is the only memory provider shipping both HBM3E and SOCAMM products. Furthermore, Micron is a major supplier of 12H HBM3E memory for AMD's MI350 chip, which boasts 288GB of high-bandwidth memory. The company is also preparing for the future, with plans to sample HBM4 next year.

The relationships are built on enabling the next wave of AI hardware:

• SOCAMM solution is in volume production for the NVIDIA GB300 platform.
• HBM3E solutions offer 30% lower power compared to competition.
• Micron is leading node transitions, showcasing 1-gamma DRAM technology.
• They are working on HBM4 development, with mass production planned for the future.

High-touch, consultative model for enterprise and data center clients

The shift away from the consumer market means that every interaction with enterprise and data center clients is strategic and consultative, focused on complex, high-value products like HBM and advanced SSDs. The company's overall profitability improvement to a consolidated gross margin of 40% in 2025 from 22% in 2024 is directly tied to this mix shift toward these high-value segments. This consultative approach is necessary because these products, like the 12H HBM3E or advanced data center SSDs, require tight co-design with the chip makers.

Providing defintely reliable product quality and long-term warranty support

Even while aggressively reallocating capacity, Micron Technology, Inc. is maintaining its commitment to existing customers on legacy products. The company explicitly stated it will continue warranty services and support for existing Crucial consumer products even as it winds down retail sales through February 2026. This ensures that the transition does not immediately damage the trust built over 29 years with the channel, even as the strategic focus shifts entirely to enterprise-grade memory and storage sold through commercial channels.

Micron Technology, Inc. (MU) - Canvas Business Model: Channels

You're looking at how Micron Technology, Inc. moves its memory and storage products to market as of late 2025. The strategy has clearly pivoted, driven by massive AI infrastructure buildouts.

Direct sales force to Hyperscale Cloud Providers (primary channel)

This is the core focus now. The Data Center segment showed exceptional strength, reporting 400% year-over-year growth in fiscal Q1 2025. This segment now represents over 50% of Micron Technology, Inc.'s total revenue. Furthermore, the Cloud Memory Business Unit reached record revenues, making up 40% of total sales in a recent quarter. High-Bandwidth Memory (HBM) revenue was nearly $2 billion in the August quarter (Q4 Fiscal 2025), which implies an annualized run rate of nearly $8 billion based on CEO Sanjay Mehrotra's comments in September 2025. This channel is prioritized to support larger, strategic customers driving AI demand.

Direct sales to major OEMs (e.g., Dell, HPE, Cisco)

While the search results emphasize the Data Center segment's dominance, the overall strength in enterprise and server demand supports direct engagement with major Original Equipment Manufacturers (OEMs). The company's focus on high-performance DRAM and advanced storage technologies directly serves the needs of these large system builders who are deploying AI-centric infrastructure.

Commercial channel for Micron-branded enterprise products

Micron Technology, Inc. explicitly continues to support the sale of its Micron-branded enterprise products to commercial channel customers globally. This channel handles sales outside the direct hyperscaler relationship, serving enterprise and other commercial buyers with their memory and storage needs. Low-End DRAM (DDR4/LP4) exposure, which is less strategic, represented about 10% of total company revenue for the remainder of Fiscal Year 2025.

Winding down the Crucial brand retail/e-tail distribution channel

Micron Technology, Inc. announced on December 3, 2025, that it is exiting the Crucial consumer business. This means ending the sale of Crucial consumer-branded products at key retailers, e-tailers, and distributors worldwide. Shipments through this consumer channel will continue until the end of fiscal Q2 2026, which ends in February 2026. This move is to reallocate manufacturing capacity toward higher-margin enterprise and hyperscale customers. The Crucial brand had a 29-year presence in the consumer market.

Technology Enablement Program (TEP) for hardware/software vendors

The Technology Enablement Program (TEP) offers ecosystem partners a path to gain early access to technical insights. This program is specifically designed for both hardware and software vendors to align their development with Micron Technology, Inc.'s latest offerings.

Here's a quick look at the channel focus shift based on recent data:

Channel Focus Area	Key Metric/Status (Late 2025)	Data Source Context
Hyperscale Cloud Providers	Represents over 50% of total revenue	Data Center Segment Revenue Share (FY2025)
Cloud Memory Business Unit	Reached 40% of total sales	Recent Quarter Revenue Share
HBM Revenue (Implied Direct/Enterprise)	Nearly $2 billion in August quarter (Q4 FY2025)	Q4 FY2025 Performance
Crucial Consumer Retail	Shipments ending by February 2026	Exit Announcement Date December 3, 2025
Total Fiscal 2025 Revenue	$37.38 billion	Full Year 2025 Highlight

The company's total Fiscal 2025 revenue reached $37.38 billion. The TEP provides design tools and technical documentation, including power calculators and simulation models, to partners.

• TEP provides early access to technical insights.
• TEP supports both hardware and software vendors.
• Micron DDR5 offers up to 2X the effective bandwidth compared to DDR4.

Finance: draft 13-week cash view by Friday.

Micron Technology, Inc. (MU) - Canvas Business Model: Customer Segments

You're looking at the core of Micron Technology, Inc.'s revenue engine as of late 2025. The customer base has clearly tilted heavily toward high-performance computing needs, which is where the big money is right now.

Data Center/Hyperscale Cloud Providers is the anchor, representing a massive 56% of fiscal 2025 revenue. This segment is driving demand for the most advanced memory, especially High Bandwidth Memory (HBM). We estimate HBM revenue alone was around 15% of total fiscal 2025 revenue, while premium products, which include HBM and select DRAM and NAND, accounted for roughly 35% of the total. The overall fiscal 2025 revenue for Micron Technology, Inc. hit a record $37.38 billion.

The business unit reporting gives us a clearer, albeit Q4 2025 snapshot, of how these customer types break down:

Business Unit / Customer Focus	Q4 2025 Revenue (Millions USD)	Q4 2025 Gross Margin (%)
Cloud Memory Business Unit (CMBU)	$4,543	59%
Core Data Center Business Unit (CDBU)	$1,577	41%
Mobile and Client Business Unit (MCBU)	$3,760	36%
Automotive and Embedded Business Unit (AEBU)	$1,434	31%

The MCBU, which covers Mobile Device OEMs and Client PC and Consumer Electronics OEMs, pulled in $3.76 billion in Q4 2025, with a gross margin of 36%. This unit saw sequential growth driven by higher DRAM shipments and improved pricing.

The Automotive and Industrial Control Systems manufacturers are served by the AEBU. This unit posted Q4 2025 revenue of $1.434 billion and achieved a gross margin of 31%, showing sequential improvement from higher pricing.

When looking at the product level for the full fiscal year 2025, DRAM Products were the clear leader, generating $28.58 Billion, which is 77.07% of total revenue. NAND Products generated $8.50 Billion, or 22.93% of the total.

Here are the key customer-facing drivers Micron Technology, Inc. is focused on:

• Data Center/Hyperscale Cloud Providers: 56% of FY2025 revenue.
• HBM Revenue (FY2025 estimate): Approximately 15% of total revenue.
• Mobile and Client Business Unit (MCBU) Q4 2025 Revenue: $3.76 billion.
• Automotive and Embedded Business Unit (AEBU) Q4 2025 Revenue: $1.434 billion.
• CMBU Q4 2025 Gross Margin: 59%.

The combined revenue from HBM, high-capacity DIMMs, and LP server DRAM reached $10 billion in fiscal 2025, which is more than a five-fold increase. Finance: draft 13-week cash view by Friday.

Micron Technology, Inc. (MU) - Canvas Business Model: Cost Structure

When you look at Micron Technology, Inc.'s cost structure, you're looking at a business defined by massive, necessary upfront investment to stay ahead in memory technology. This isn't a low-overhead operation; it's a capital-intensive game of process leadership.

High Capital Intensity Driven by CapEx

The sheer scale of capital expenditure (CapEx) is the most immediate cost driver. For the fiscal year ending in August 2025, Micron invested a staggering $13.80 billion in capital expenditures. This level of spending is what keeps the company at the leading edge, funding the construction of new fabs and the purchase of highly specialized equipment.

To put that in perspective against the year's performance, the fiscal 2025 CapEx represented a significant portion of the record $37.4 billion in revenue achieved that year. Management has signaled this intensity will continue, expecting fiscal 2026 CapEx to be higher than the 2025 levels, primarily directed at DRAM front-end equipment and fab construction to support the 1$\gamma$ node migration and HBM growth.

The cost structure is heavily weighted toward these long-term assets, which is typical for a leading semiconductor manufacturer. Here is a look at the scale of investment:

Metric	Amount (FY2025)	Context
Total Capital Expenditures	$13.80 billion	Investment in future capacity and technology.
Q4 2025 Capital Expenditures	$4.93 billion	Represents a single quarter's spend.
Annual Operating Expenses (12 months ending Aug 2025)	$27.608 billion	Total operating costs before CapEx.

Significant R&D Costs for Advanced Node Migration

Staying competitive means pouring resources into Research and Development (R&D) to transition to the next process node, which is where the real cost of innovation lives. The focus is heavily on the 1$\gamma$ DRAM node and High Bandwidth Memory (HBM). These R&D efforts are essential because the 1$\gamma$ technology, for instance, offers more than 30% greater bit density per wafer compared to the prior 1$\beta$ node and greater than 20% lower power consumption.

These R&D expenses are baked into the operating expenses, but the underlying investment is clear:

• R&D supports the ramp of 1$\gamma$ DRAM, which began shipping samples in early 2025.
• Significant funds are dedicated to HBM development, including next-gen HBM4 targeting 2026 volume production.
• The overall investment plan includes a commitment of $50 billion for R&D globally over the next decade.

The sequential increase in operating expenses for Q1 FY2026 is explicitly tied to R&D related to data center product innovation and development.

Cost of Goods Sold (COGS) Drivers

The COGS is dominated by the costs associated with wafer fabrication and the subsequent assembly and test processes. While a direct COGS breakdown isn't provided, the cost efficiency improvements across the product lines show where the manufacturing team is focusing its cost-saving efforts:

• Fiscal 2025 DRAM front-end cost reductions (excluding HBM) were expected in the mid- to high-single-digits percentage range.
• Fiscal 2025 NAND front-end cost reductions were projected in the low-teens percentage range.
• The Compute and Networking Business Unit (CMBU), which includes HBM, saw its gross margin hit 57% in Q4 FY25, showing that high-value product mix significantly impacts the overall cost structure effectiveness.

The entire manufacturing flow, from wafer fabrication to final test, is a complex, multi-step process requiring immense control over materials and environment.

Operating Expenses Projection

Looking ahead to the start of fiscal 2026, the projected operating expenses (OpEx) give you a clear view of near-term overhead. For the first quarter of fiscal 2026, Micron projected non-GAAP operating expenses to be around $1.34 billion, plus or minus $20 million. This quarterly figure is the baseline for SG&A (Selling, General, and Administrative) and R&D before factoring in the impact of the 53-week fiscal year in 2026, which will add an extra week of costs compared to the 52-week fiscal 2025.

Manufacturing Costs Tied to Global Fab Operations

The global footprint itself is a major cost component, heavily subsidized but still requiring massive internal investment. These costs cover utilities, maintenance, and labor across facilities in the US, Japan, and Singapore. The company is actively managing these costs through government partnerships:

• Micron finalized an agreement for up to $6.1 billion under the CHIPS and Science Act to support advanced DRAM fabs in Idaho and New York.
• Plans to expand manufacturing in Singapore include an investment for a new HBM advanced packaging facility.
• The 1$\gamma$ DRAM process technology in Japan involves spending about 500 billion yen (roughly $3.6 billion) over the next few years.

These government incentives help offset the fact that U.S. memory manufacturing costs historically run 35-45% higher than in lower-cost markets.

Micron Technology, Inc. (MU) - Canvas Business Model: Revenue Streams

You're looking at the money-making engine for Micron Technology, Inc. as of late 2025, focusing on where the record $37.38 billion in full-year revenue actually came from. The streams are heavily weighted toward high-performance computing, which is a big shift from just a few years ago.

The core of the revenue generation still rests on two primary product families, DRAM and NAND, but the mix is dramatically different now, reflecting the AI buildout.

Here's the quick math on the primary product sales for fiscal year 2025:

Revenue Stream Component	FY2025 Reported Amount	Percentage of Total Revenue (as per outline)
Sales of DRAM products	$28.6 billion	76%
Sales of NAND products	$8.50 billion	N/A

The DRAM segment is clearly the dominant revenue driver, making up a massive 76% of the total haul. Still, the value within that DRAM is what's really moving the needle on profitability.

The real story in 2025 is the explosive growth in high-value, AI-centric memory products. These are the premium components that command better pricing and drive margin expansion across the board.

• High-Value AI Products (HBM, high-capacity DIMMs) revenue of $10 billion in FY2025.
• This $10 billion figure represents a five-fold increase compared to the same period last year.
• The Cloud Memory Business Unit (CMBU) delivered record Q4 revenue of $4.54 billion.

Because these advanced products are so critical for AI training and inference, they bring in significantly better returns. To be fair, this product mix shift is why the overall Data Center business segment gross margins hit 52% in FY2025. That margin is a huge indicator of the revenue quality.

Beyond selling physical chips, Micron Technology, Inc. also generates income from intangible assets, though this is a smaller component of the overall revenue picture.

• Licensing of intellectual property and technology.

While the specific dollar amount for licensing isn't explicitly called out as a primary revenue stream in the same way as DRAM/NAND, the financial statements do reflect activity, such as recorded patent license charges in prior periods, indicating this stream is part of the operational structure.

The performance of the most profitable segment underscores the revenue strategy:

Business Segment	FY2025 Data Center Gross Margin	Q4 2025 CMBU Gross Margin
Data Center Business Segment	52%	59%

Finance: draft 13-week cash view by Friday.