Idaho’s largest for-profit employer posts record sales. What was the reason?
Micron set a sales record in its latest quarter as the company began design work on its second planned memory-chip manufacturing plant at its campus in Southeast Boise.
The company on Tuesday reported revenue of $11.32 billion for the fiscal fourth quarter ended Aug. 28, compared with $9.30 billion for the prior quarter and $7.75 billion a year earlier in Q4. It posted a profit of $3.20 billion, or $2.83 a share, up from $887 million, or 79 cents a share, a year earlier.
CEO Sanjay Mehrotra said in a conference call with analysts that the record fiscal year was driven by the growth of artificial intelligence data centers.
Data centers need high-bandwidth memory chips, also called HBM, a type of dynamic random-access memory, and Micron says it has the best HBM products on the market. In an August webcast, a Micron executive said its HBM has 30% lower power consumption than the next competitor, an important factor because data centers are increasingly power constrained.
“Data centers require some of our industry’s most complex and high-value products,” Mehrotra said during the conference call. “Meeting that demand has presented several opportunities to enhance our product mix and profitability.”
Micron’s stock price jumped 41% in September. It rose 1.79% on Tuesday, closing at $166.41.
Mehrotra said the company received a CHIPS Act grant disbursement in the latest quarter after completing a “key construction milestone” for its manufacturing plant that is well under construction off of Interstate 84. The fab, industry shorthand for semiconductor fabrication plant, is expected to begin producing chips in the second half of 2027.
The Biden administration awarded Micron over $6.1 billion in federal subsidies to help pay for the company’s planned fabs in Boise and upstate New York. Boise’s share was $1.5 billion.
Micron is set to break ground on its fab planned in Clay, New York, in November. Mehrotra said the company has completed the initial phases of its environmental impact study, and is working with state and federal officials toward its next steps.
The company is Idaho’s largest for-profit employer with between 5,000 and 5,999 employees in the state, the Idaho Statesman previously reported.
This story was originally published September 23, 2025 at 6:30 PM.
