Micron posts record earnings and locks in 16 long‑term memory deals through 2030

Micron Technology reported a record third‑quarter performance, announcing $41.5 billion in revenue and earnings of $25.11 per share, with a gross margin of 84.9 %. Revenue surged roughly 346 % year‑on‑year, driven by soaring demand for memory chips used in artificial‑intelligence systems. The company said it has signed 16 strategic agreements with major customers covering DRAM, NAND and HBM products, most spanning 2026‑2030. The contracts lock in a minimum of $100 billion in committed revenue and include $22 billion in cash deposits, which Micron expects to represent about 40 % of its future sales. By setting price floors and ceilings, the deals aim to stabilize the memory market for both data‑center AI workloads and consumer devices. Analysts noted that the strong results lifted broader technology indexes, while Micron’s share price had previously dipped after a sharp sell‑off. The company said the agreements will help finance additional fab capacity and mitigate ongoing supply constraints that are expected to persist beyond 2027.