Micron posted $28.24 billion in Q3 net income with 84.9% gross margins, driven by AI memory demand, becoming one of the most profitable US companies.

Micron Technology's $41.5 billion quarterly revenue and $1.3 trillion market cap raise questions about AI memory demand sustainability and downstream cost

Micron Technology's stock surged eightfold in a year on AI memory chip demand, but rising short interest of 37.3 million shares signals growing skepticism.

The company behind the memory chips powering AI started in a dentist's basement in Boise.

Micron Technology shares dropped 5% despite record Q3 revenue of $41 billion and 85% gross margins as broader Wall Street futures declined and chip stocks

Micron Technology posted $41.46 billion in fiscal Q3 revenue, up 346% year-over-year, as AI memory demand crushed bearish expectations and lifted shares.

Micron's record $41.5B Q3 revenue and multi-year HBM contracts signal a shift away from the boom-bust cycle that has spooked chip investors for decades.

Micron's market cap hit $1.27 trillion as AI memory demand drove revenue up 4x to $41.45 billion. It has signed 16 long-term supply deals to avoid a bust cycle.

By Philip van Doorn and Hannah Pedone

Micron Technology posted $41.46B in Q3 revenue with a record 84.9% gross margin, positioning it as the third most profitable US company behind Nvidia and

Micron posted $28.24 billion in Q3 net income with 84.9% gross margins, driven by AI memory demand, becoming one of the most profitable US companies.

Micron Technology's net income surged 15x to $28.24B in fiscal Q3 2026, driven by AI chip demand. Here's what it means for tech investors and crypto

Micron posted $41.46B in Q3 revenue, beating estimates by over $5B. The AI memory boom is driving a 15% stock rally with ripple effects across crypto