SQL Server 2016 maximum server memory
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There are exact explanations about the memory limits especially in confunction with SQL Server 2016 SP1.


  In simpler terms, buffer pool memory in SQL Server is a memory cache responsible for caching data and index pages for the entire instance. The rest of the caches in the SQL Server memory (procedure cache, thread stack, backup buffers etc) consumes memory outside buffer pool memory. The memory consumed by caches outside buffer pool is not restricted by above memory limits and can grow up to limits defined by "max server memory". This is not specific to SQL Server 2016 SP1 and is also applicable to earlier releases of SQL Server as well.


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  For example: A Standard Edition of SQL Server has buffer pool memory limited to 128GB, so the data and index pages cached in buffer pool is limited by 128GB. Starting with SQL Server 2016 SP1, you can have an additional 32GB of memory for Columnstore segment cache per instance and an additional 32GB of memory quota for In-Memory OLTP per database. In addition, there can be memory consumed by other memory consumers in SQL Server which will be limited by "max server memory" or total memory on the server if max server memory is uncapped.