Micron wrote AR glasses into its annual report. Last year's did not mention them.
Micron's annual report for the financial year that ended on September 3 names smart glasses among the consumer products its embedded memory goes into, and tells the US Securities and Exchange Commission that the emerging category of AR glasses is driving new demand for low-power, small-form-factor memory and storage. The filing went in on October 9. Micron's previous annual report, filed on October 3, 2025, uses the phrase "smart glasses" zero times and "AR glasses" zero times, and does not contain the word "glasses" at all, counted from the filing text on sec.gov at 22:10 UTC on October 10.
Micron reports average selling prices up about 180% on DRAM and about 200% on NAND over its 2026 financial year. Image: Mixed News media library
Micron goes on to say that on-device AI for "real-time object recognition, translation, and contextual assistance", combined with cameras for photo and video capture, needs memory and storage that fit "within the tight power and thermal constraints of a wearable form factor", and that "as AR glasses adoption grows and use cases expand beyond simple heads-up displays, we expect memory and storage content per device to increase". The 2025 wording it replaces ran through IP set-top boxes, home assistants, cameras, home networking, televisions and "augmented reality and virtual reality headsets", with no glasses in it anywhere.
Micron publishes no revenue figure for glasses
None of this is a disclosure about glasses sales. Micron gives no glasses figure, no customer name and no unit number, and the business unit the wording belongs to covers automotive and industrial customers as well. That unit, the Automotive and Embedded Business Unit, reported $15.89 billion of revenue in 2026 against $4.75 billion in 2025 and $4.63 billion in 2024. At 12% of company revenue it is the smallest of Micron's four units, and Micron puts its 234% increase down "primarily" to average selling prices and bit shipments rather than to any new category.
What the unit sells is listed as LPDDR5 and LPDDR4, managed NAND, DDR4 and DDR3, and GDDR6 products. Low-power DRAM and managed NAND are the memory classes a standalone headset or a pair of AI glasses is built around, so a supplier writing that it expects memory content per device to rise is describing the component bill of the hardware readers here buy.
Selling prices roughly tripled over the year
Total revenue came in at $133.19 billion, up 256% on 2025. Micron attributes a 252% rise in DRAM sales to an approximate 180% increase in average selling prices and a mid-20% range increase in bit shipments, and a 274% rise in NAND sales to an approximate 200% increase in selling prices with the same mid-20% range in shipments. Operating income was $99,340 million, or 75% of revenue, and net income $84,969 million, or 64%.
None of those increases is attributed to glasses anywhere in the filing, and Micron offers no forecast for what memory will cost in a finished device. It does record that its consumer products were sold under the Crucial brand until it announced an exit from that part of the business in December 2025, so its own modules and SSDs no longer reach buyers at retail under that name.
The quarterly release that preceded the annual report is where Micron's mobile and client memory margin went from 36% to 90% in a year. The annual report adds the full-year arithmetic and the glasses wording, and the second part takes a minute to check: search both filings for "glasses" and only one of them returns anything.
