Micron (MU) Q2-26 earnings: 70% price hikes & why AI is starving the PC supply chain

Micron’s Q2 2026 print delivered a staggering 75% sequential revenue jump driven almost entirely by AI-induced pricing power rather than underlying shipment volume.In ~10 minutes:• How DRAM prices spiked roughly 70% in a single quarter.• Why Q3 gross margins are guided to an unheard-of 81%.• The aggressive shift to 5-year contracts to prevent cycle busts.• Micron's massive $25B CapEx spend to build empty cleanroom shells 🏭.• Why the stock dropped 5% after hours despite historic numbers.High Bandwidth Memory packaging for AI servers is consuming so much physical factory footprint that it is choking out traditional supply lines. This structural constraint means that traditional device manufacturers are getting financially squeezed, leading management to warn that global PC and smartphone shipments could actually shrink in the coming year.Company: Micron Technology, Inc. (MU) | Q2 FY2026AI-assisted production. Feedback/ticker requests: https://x.com/EarnUnscripted.