Micron's Data Center Unit Achieves Record Gross Margin of 87% in Q3 FY2026
In its fiscal third quarter ending May 28, 2026, Micron Technology reported a record gross margin of 87% for its data center business. This segment generated $11.5 billion in revenue and now accounts for about 28% of the company's total sales. The strong performance reflects rising demand for high-bandwidth memory (HBM) driven by artificial intelligence applications.
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Topics: AI hardware data center revenue gross margin expansion memory chips