Micron Posts Record Gross Margin After Pricing Caps in Customer Deals
Micron posted its largest quarter ever, with fiscal Q3 2026 non-GAAP gross margin reaching 84.9%—driven mainly by higher pricing. The company cites 16 signed take-or-pay customer agreements for memory-cycle support, including $22 billion in cash deposits and binding volume commitments. Fiscal Q4 guidance targets about 86% margin as price-growth slows but profitability stays durable.