Micron (MU) has benefited greatly from the AI boom. Its memory and storage chips are essential components of the data centers that power everything from OpenAI’s ChatGPT (OPAI.PVT) to Anthropic’s Claude (ANTH.PVT) and everything in between. And that sent its revenue and stock price skyrocketing.
In its fourth quarter report released Wednesday, Micron reported earnings per share of $33.42up 1,002% from the $3.03 the company recorded in the same quarter last year. Revenue was equally impressive, climbing 379% to $54.23 billion from $11.31 billion in Q4 2025.
But Micron’s success may not be limited to the data center. In his opening remarks on the company’s fourth-quarter earnings conference call, CEO Sanjay Mehrotra highlighted the opportunity he sees in physical AI, particularly as it relates to self-driving cars and humanoid robots.
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Humanoid robots will have similar memory and storage needs, which could provide an additional revenue opportunity.
The Society of Automotive Engineers ranks autonomous vehicles on a scale of 0 to 5, with level 0 offering no driving assistance and level 5 being fully autonomous. As technology advances toward fully autonomous capabilities, Mehrotra said memory and storage requirements will increase significantly.
“Autonomous vehicles are the first major deployment of physical AI, which we expect will expand over time to humanoid robots and other intelligent autonomous systems,” he said on the call.
“The memory contents in autonomous vehicles at level 4 and above typically exceed 200 gigabytes, while the storage contents reach several terabytes, each an order of magnitude larger than that of current level two plus and level three semi-autonomous vehicles,” Mehrotra explained.
“With the expected increase in the number of units and memory contents, physical AI can become a significant driver of memory and storage demand by the end of this decade,” Mehrotra said.
A number of companies are working on developing humanoid robots, including Tesla (TSLA) and Figure (FIGR), as well as Hyundai’s (005380.KS) Boston Dynamics, Unitree Robotics and Agility Robotics (AGRO.PVT).
But sales have not yet taken off. According to Reuters, only 7,000 humanoid robots were sold worldwide in 2025 for “industrial and professional services.”
Email Daniel Howley at dhowley@yahoofinance.com. Follow him on @DanielHowley.
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