Micron Technology revenue by product 2024| ��ƽ��

Micron Technology revenue from 2018 to 2024, by product (in million U.S. dollars)

Characteristic	DRAM	NAND	Other (primarily 3D XPoint memory and NOR)
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Release date

October 2024

More information

Region

Worldwide

Survey time period

2018 to 2024

Supplementary notes

Fiscal year ends on the Thursday closest to August 31st of each year.
Beginning in 2020, revenues for MCPs and SSDs, which contain both DRAM and NAND, are disaggregated into DRAM and NAND based on the relative values of each component.

Citation formats

Micron Technology's dynamic random-access memory (DRAM) sales rebounded significantly in 2024, reaching **** billion U.S. dollars after a sharp decline to below ** billion U.S. dollars in 2023. This recovery in DRAM revenue played a crucial role in Micron's overall financial performance, contributing to the company's total revenue of **** billion U.S. dollars in 2024, a substantial increase from the previous year's **** billion U.S. dollars.

Memory demand is high in the AI era

The memory market as a whole experienced growth in 2024, with overall revenues surpassing *** billion U.S. dollars. Undoubtedly, much of this resurgence can be attributed to demand for advanced memory technologies from the AI market. AI applications require more device memory and storage due to their demand for real-time data processing and handling of vast datasets.

Micron not alone in benefiting

Looking more closely at the DRAM market once again, while Micron Technology saw improved sales, it has often remained the third-largest DRAM supplier with a market share of around ** percent. The company sits behind Samsung and SK Hynix, dominant memory chip players originating out of South Korea.