Micron Technology's Q2 revenue increased by 57.7%, and HBM production capacity has been sold out this year

Micron Technology announced its second quarter results, with revenue of $5.82 billion, a year-on-year increase of 57.7%. Micron Technology CEO said that AI server demand is driving the rapid growth of HBM, DDR5 and data center SSDs. Micron's HBM production capacity this year has been sold out, and most of its capacity in 2025 has been booked.