Wealth Awakening
Micron Revenue 4x, Gross Margin 84.9% Beats Nvidia: After-Hours +13%, AI Memory Super-Cycle Confirmed
Micron's FY26Q3 revenue hit $41.46B (+346% YoY), adjusted gross margin reached 84.9% (beating Nvidia's 75% and Meta's 81.9%), and adjusted EPS came in at $25.11 (12x YoY). Q4 guidance points to $50B in revenue with EPS midpoint $31. Sixteen long-term agreements lock in $22B in customer cash and roughly $1,000B in RPO. The stock jumped as much as 16% after hours, with market cap holding above $1 trillion. This isn't a decent earnings report — it's Micron's official promotion from AI supporting cast to AI lead actor.