Micron Technology posts record Q3 revenue and 84.9% margin, ties up with Anthropic

Micron Technology reported a record third‑quarter fiscal 2026 revenue of $41.46 billion, far surpassing the $35.59 billion analysts had forecast. The company’s gross margin rose to 84.9%, up from 74.4% in the prior quarter, and it forecast fourth‑quarter revenue of $49‑$51 billion with gross margins around 86%, topping expectations.

The results were bolstered by a multi‑year partnership with AI developer Anthropic, covering joint design work and a supply agreement for Micron’s high‑bandwidth memory (HBM4), which is fully booked through the end of 2026. Micron also announced that its shares would be tokenised on the Solana blockchain, giving crypto‑market participants exposure to the chip maker.

Management highlighted sustained demand for AI‑driven workloads and said the market tension is expected to continue into 2027, supporting the company’s strong outlook and investment in capacity expansion.