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Micron’s Record Quarter Just Proved the AI Memory Tax Is a $100B Order Book

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Micron’s FQ3 2026: $41.46B revenue (+346% YoY), record 84.6% GAAP gross margin, $50B FQ4 guidance, and 14 of 16 strategic agreements locking ~$100B in minimum contracted revenue. The AI memory tax is now an order book.
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