Micron reported blowout Q3 FY2026 results, with revenue reaching $41.46 billion** , up **345.7% YoY**. Gross margin soared to **84.6%** , up 46.9 percentage points. **GAAP net income jumped 1,398% to $28.24 billion , and operating cash flow hit $25.39 billion.

AI compute memory demand fueled all segments. Cloud memory revenue came in at $13.77 billion** , and core data center revenue at **$11.52 billion – together accounting for over 60% of total revenue.

On the product front, Micron has sent HBM4 samples to customers, targeting mass production in 2027; its 256GB DDR5 RDIMM is in sampling, and 245TB QLC SSDs are now shipping. The company has also secured multiple long‑term strategic agreements with key customers.

For Q4, Micron guides revenue of $49–51 billion** , gross margin around 86%, and GAAP diluted EPS of **$29.73–$31.73 .

ICgoodFind: AI‑driven memory demand is rewriting Micron’s financial record book – HBM4 and high‑capacity enterprise storage extend the runway.