Micron’s fiscal Q3 results hinge on gross margin
Micron Technology is set to report its fiscal third-quarter results on June 24. The company’s shares have surged 244% in 2026, crossing a $1 trillion market capitalization.
The company’s fiscal second-quarter revenue nearly tripled year over year to $23.86 billion. Gross margin expanded to about 75% from roughly 37% a year earlier.
This significant swing in gross margin is a key metric to watch in the upcoming report, as it will indicate whether the company’s growth story remains intact.
The high stakes for the report are due to the company’s rapid stock price increase, leaving little room for a stumble.