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Sanjay Mehrotra

Chairman & Chief Executive Officer, Micron Technology

Search every verified Sanjay Mehrotra interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Sanjay Mehrotra, Chairman and CEO of Micron Technology, discussed the company's fiscal fourth quarter 2026 results in recent earnings calls and media appearances. He described the quarter as "exceptional," citing $133 billion in revenue, a year-over-year increase of more than 250%, and gross margins of 87% in Q4, with guidance of approximately 86.25% for the following quarter. Mehrotra noted that the company rewarded employees with record incentive compensation tied to these results, which affected operating expenses and cost of goods sold. He also highlighted growth in data center SSD revenue, which reached $10 million in fiscal Q4 and accounted for two-thirds of total NAND revenue, and mentioned ongoing investments in NAND manufacturing, including a new fab in Singapore targeted for calendar 2028. Mehrotra stated that customer demand for memory products has strengthened, with customers seeking long-term supply agreements extending into 2031, including both new agreements and extensions of existing ones. He said the company cannot currently fulfill all customer demand and that industry supply-demand conditions are expected to be "much tighter" in fiscal 2027 and 2028 than in 2026, with demand exceeding supply in those years. He attributed this to the growing importance of memory in AI applications, describing memory as "absolutely critical" for scaling AI, and expressed confidence that fiscal 2027 would be stronger than fiscal 2026.

Recent appearances

Verified interview transcripts

Notable quotes

“Memory just few years ago memory and storage were expected to be about $300 billion dollar of total market by 2030 time frame. If you look at industry experts today they are projecting this market is now going to be $600 billion.”

“Memory is at the heart of AI transformation. We call memory a strategic asset and as we look ahead at the opportunities, we are very much focused on bringing leading edge innovation products and supporting them with large scale manufacturing to meet the growing demand for memory.”

“Micron is making investments of $200 billion here in America bringing leading-edge memory manufacturing as well as long life cycle memory manufacturing in the US. Just last Friday, actually, we had the start of our first wafers from an expansion and modernization of our facility in Manassas, Virginia. Very much targeted toward long life cycle projects. Boise, Idaho as well as Syracuse, New York, we are making investm”

“I cannot project when supply catches up with demand. We see supply being tight in the industry well beyond 2026 time frame. And again, you have to just look at the fundamentals. How does supply come up? Supply comes up through greenfield fabs. These fabs from shovel in the ground to getting first wafers out takes like 3 years, 4 years kind of time frame. And then you have to ramp up production as well.”

“You all hear about it that memory is in severe shortage because the demand for memory and the value of memory has risen so much. And through these investments, our goal is in disciplined manner to bring on additional supply and make us a national semiconductor champion in manufacturing.”

“At SanDisk we had competed with Micron. I had tremendous respect for Micron. I absolutely considered it a national treasure and I think you all recognize what a national treasure Micron is today as you see that how Micron is critical to enabling AI.”

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