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TechCrunch · United States · Micron's biggest quarter ever: HBM sold out, margins near 81%
Reports the actuals: $41.45bn revenue (about 4x year over year), profit up to $28.2bn, an 84.9% gross margin topping Nvidia and Meta, Q4 guided to $49-51bn, and a new deal to supply memory and storage to Anthropic plus participation in its Series H. Frames the shortage as 'RAMageddon' running through 2027.
“Micron posted a record 84.9% gross margin and locked an Anthropic supply deal as the memory crunch, RAMageddon, is set to run through 2027.”