Story perspectives

Micron Revenue Tops $41.46B as AI Memory Demand Soars

By Drooid · Sep 18, 2026, 2:14 AM UTC · How we work

Summary

Micron Secures $22B

Micron Technology posted $41.46 billion Q3 fiscal 2026 revenue as AI memory demand stays strong.
The cloud-memory segment generated $13.77 billion revenue with an 83% gross margin.
Micron secured $22 billion of commitments from 16 strategic customers amid memory shortages.
Micron plans roughly $10 billion capital spending in Q4 2026, bringing full-year capex to about $27 billion.
Analysts forecast Q4 revenue near $50.4 billion and adjusted EPS $30.89, up from $2.84 a year earlier.

Summary

Liu Chengyu Calls Arms-Race

DeepSeek CEO Liu Chengyu posted an essay urging an AI arms race and slammed Anthropic and OpenAI.
Chinese Foreign Ministry spokesperson Guo Jiakun called U.S. chip export limits fear-mongering and urged open AI.
President Donald Trump tweeted “whoever wins AI wins,” rejecting AI slowdown criticism as a “SICK conspiracy.”
Chinese firms DeepSeek, Moonshot AI, Z.ai and Alibaba are narrowing the AI gap despite U.S. chip bans.

History

Historical Context

In March 2018 the United States began a trade war with China, imposing 25% tariffs on $34 billion of Chinese imports. Huawei’s May 2019 Entity List addition cut its 2020 smartphone shipments by 20%, prompting Micron to pledge AI-memory projects and rivals like DeepSeek and Alibaba to speed AI-chip development, while tariff regime forces United States and China to invest billions in chip capacity, sharpening AI race.

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Micron Secures $22B

Micron Technology posted $41.46 billion Q3 fiscal 2026 revenue as AI memory demand stays strong.
The cloud-memory segment generated $13.77 billion revenue with an 83% gross margin.
Micron secured $22 billion of commitments from 16 strategic customers amid memory shortages.
Micron plans roughly $10 billion capital spending in Q4 2026, bringing full-year capex to about $27 billion.
Analysts forecast Q4 revenue near $50.4 billion and adjusted EPS $30.89, up from $2.84 a year earlier.

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