Quick Read – Micron’s GAAP gross margin hit 85% in Q3 FY26, up from 38% a year ago, a level of profitability that approaches software-tier margins almost never seen in chip manufacturing. – MU revenue surged 346% year over year to $41 billion, beating consensus by 18%, with Q4…
idance targeting $50 billion and 86% gross margins. – MU shares have gained 759% over the past year but pulled back 14% from June highs, with Q4 earnings as the next major catalyst. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn’t make the cut. Grab the names FREE today. 84.6%
That is Micron’s GAAP gross margin in fiscal Q3 2026, up from 37.7% in the same quarter a year ago. The figure was reported when Micron Technology (NASDAQ:MU) filed its Q3 FY26 results on June 24, 2026. Memory chip companies are supposed to live and die by cycles.
A gross margin near 85% is what software businesses print. That is the reveal. What It Means Gross margin is the cleanest read on pricing power a manufacturer can offer, and Micron’s just went vertical.