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Micron Posts Record $41.5B Revenue, Secures $100B Contracts

6/27/2026

Summary

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Micron Technology reported record third-quarter revenue of $41.5 billion, up 346% year-over-year.
The company posted a gross margin above 84% and an operating margin of 80%.
Micron signed 16 multi-year take-or-pay deals covering 20% of DRAM and one-third of NAND through 2030, guaranteeing about $100 billion minimum revenue.
Micron forecast fourth-quarter revenue near $50 billion, a 342% year-over-year increase, with gross margin about 86% and earnings per share of $31.

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Story summary

Micron Technology reported record third-quarter revenue of $41.5 billion, up 346% year-over-year.
The company posted a gross margin above 84% and an operating margin of 80%.
Micron signed 16 multi-year take-or-pay deals covering 20% of DRAM and one-third of NAND through 2030, guaranteeing about $100 billion minimum revenue.
Micron forecast fourth-quarter revenue near $50 billion, a 342% year-over-year increase, with gross margin about 86% and earnings per share of $31.