# Micron Shatters All Records With $41.5 Billion Quarter as AI Memory Demand Outstrips Supply

*2026-06-24 22:02 UTC · Business · 1 min read*

> Micron posted record $41.5B in Q3 revenue and guided Q4 to $49–51B as AI-driven demand for high-bandwidth memory far outstrips supply.

Micron Technology reported its biggest quarter in company history on June 24, crushing Wall Street expectations with $41.5 billion in revenue and earnings per share of $25.11 — far exceeding analyst forecasts of $35.1 billion and $20.39 respectively. Gross margins hit a record 84.9%, underscoring the premium AI customers are paying for high-bandwidth memory (HBM) chips that power Nvidia and AMD AI accelerators.

CEO Sanjay Mehrotra said AI memory demand is "outrunning supply by a wide margin," with the company's entire 2026 HBM allocation already sold out under fixed-price contracts. Micron guided for Q4 revenue of $49–51 billion — a range towering over Wall Street's $43.2 billion projection — signaling no let-up in the AI infrastructure buildout. DRAM revenue alone hit $31.3 billion for the quarter, with NAND storage adding another $9.9 billion.

Micron stock climbed more than 6% on the news, lifting chip stocks broadly. The HBM market, valued at $35 billion in 2025, is projected to reach $100 billion by 2028, and Micron aims to capture 20–25% of that growing market as hyperscalers race to deploy memory-intensive AI systems.

## Sources

- [finance.yahoo.com](https://finance.yahoo.com/technology/article/micron-to-report-third-quarter-earnings-amid-sky-high-demand-from-data-centers-113000152.html)
- [moneymorning.com](https://moneymorning.com/2026/06/24/micron-technology-mu-earnings-q3-2026-hbm-ai-memory)

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TechTools News · https://techtools.cz/tools/news/article/1885-micron-shatters-all-records-with-41-5-billion-quarter-as-ai-memory-demand
Česká verze: https://techtools.cz/tools/news/clanek/1958-micron-zaznamenal-historicky-nejlepsi-ctvrtleti-s-trzbami-41-5-miliardy-dolaru