Micron Technology posted 346% year-over-year revenue growth in fiscal Q3 2026, with $41.46 billion in revenue and gross margins around 85%, riding the AI infrastructure wave. The company signed 16 strategic customer agreements containing take-or-pay provisions representing $22 billion in commitments and nearly $100 billion in total remaining performance obligations. Some analysts now estimate portions of expected revenue may shift from the current fiscal year into 2027, depending on Nvidia’s Vera Rubin platform qualification timeline. HBM4 revenue has already exceeded $1 billion, with the company ramping production at twice the speed of its predecessor. Tight supply conditions for HBM are expected to persist beyond calendar year 2027, with analysts projecting approximately 84% revenue growth for fiscal year 2027.
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