Micron CEO Sanjay Mehrotra said memory has become strategic infrastructure in the AI era, arguing that the shift is permanently changing the dynamics of a cyclical industry. He said customers are no longer treating memory as a commodity bought mainly on price, but as a critical component that affects overall system performance. Micron reported $41.46 billion in revenue for fiscal Q3 2026 and an 84.6% gross margin, and it expects gross margin of about 86% in the fourth quarter. Mehrotra said data center demand is still running about 50% above the company’s committed supply. He also pointed to future demand from autonomous vehicles, robotics and AI consumer devices, while noting that Micron, Samsung and SK Hynix were accused in June of DRAM price manipulation and that Chinese makers such as CXMT are expanding capacity.
Micron CEO Sanjay Mehrotra said memory has become strategic infrastructure in the AI era, and that the shift is permanently changing a cyclical industry.
He said AI is creating more durable demand. Customers, he added, are no longer viewing memory mainly as a commodity bought on price, but as a key component that affects overall system performance.
Micron reported fiscal 2026 third-quarter revenue of $41.46 billion, with gross margin rising to 84.6%. The company expects fourth-quarter gross margin to come in at about 86%.
Mehrotra said demand from data center customers is still running about 50% above the company’s committed supply. Supply remains the main constraint.
He also said demand should broaden into autonomous vehicles, robotics and AI consumer devices.
The competitive backdrop remains active. Micron, Samsung and SK Hynix were accused in June of DRAM price manipulation, while Chinese makers such as CXMT are expanding capacity, which could revive price competition.
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