Micron reports $41.5 billion in Q3 revenue as AI memory demand stays strong

Micron Technology reported revenue of $41.5 billion for the third quarter of fiscal 2026, up 346% from a year earlier, with net income of $28.24 billion and gross margin of about 85%. The company said it expects roughly $50 billion in revenue for the fourth quarter and disclosed a memory supply agreement with Anthropic. Micron also said demand tied to AI infrastructure was the main driver behind the surge in results, adding that its high-bandwidth memory supply has already been fully allocated through the end of 2026. The report also noted that Micron’s MUon token offers an on-chain investment channel for non-U.S. investors. According to CryptoBriefing, the jump in AI hardware demand could intensify competition for hardware resources faced by crypto miners.