Following its QNov25 earnings report, Micron raised its FY26 capital expenditure to $20 billion, an increase from $18 billion, to support High Bandwidth Memory (HBM) and 1-gamma node development. The company also confirmed its full HBM supply for CY26 is contracted in terms of price and volume, and the HBM4 product is on track for a Q2 2026 ramp.