Woofun AI reports that Micron's latest gross margin reached 84.9%, a significant increase from the previous period's 74.9% and the 39% recorded in the same period last year. This figure surpasses both Meta's 81.9% and Nvidia's 75% margins.

Micron Chief Financial Officer Mark Murphy stated that the gross margin for the third quarter of fiscal year 2026 more than doubled year-over-year, setting a new company record. This data highlights Micron's pricing power, allowing it to shed its past image as a commodity manufacturer and emerge as the new profit king among major US tech stocks.