Micron's GAAP Gross Margin Surges to Near Software-Level Profitability
Micron Technology (NASDAQ:MU) reported a significant increase in its GAAP gross margin, reaching 84.6% in Q3 FY26 compared to 37.7% the previous year. This level of profitability is unusual for chip manufacturers and reflects strong pricing power driven by AI memory scarcity.
Topics: AI memory demand GAAP gross margin Micron revenue growth