Micron's net income surged to $84.97 billion on AI demand, but its gross margin was negative 32.7% just three years ago.
Micron Technology Inc. designs and manufactures memory and storage products, including DRAM, NAND, and high-bandwidth memory (HBM). It sells these products to cloud service providers, enterprise data centers, and consumer electronics makers. In the fiscal year ended September 3, 2026, the company generated $133.19 billion in revenue and $84.97 billion in net income, according to its 10-K. Strength