Micron Technology, Inc. stock research
FY2026 Q3
Micron Technology (MU) Gross Margin & Quarterly History
Explore Micron Technology, Inc. (MU) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended May 28, 2026 · FY2026 Q3
Revenue grew significantly compared to both the prior quarter and the same quarter last year, while cost of revenue increased only modestly. As a result, gross profit and gross margin both improved substantially.
- The most significant observable driver of gross margin expansion was that revenue growth considerably outpaced the growth in cost of revenue.
- Compared to the immediately preceding quarter, revenue, gross profit, and gross margin were all higher, while cost of revenue was slightly higher. Versus the same quarter one year earlier, all metrics improved, with gross margin markedly higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
84.6%
Gross profit
$35.1B
Revenue
$41.5B
Cost of revenue
$6.4B
Quarter-over-quarter change
+10.1 pts
Year-over-year change
+46.8 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Aug 28, 2025 | $11.3B | $5.1B | $6.3B | 44.7% |
| Nov 27, 2025 | $13.6B | $7.6B | $6.0B | 56.0% |
| Feb 26, 2026 | $23.9B | $17.8B | $6.1B | 74.4% |
| May 28, 2026 | $41.5B | $35.1B | $6.4B | 84.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Feb 26, 2026
+10.1 pts
Year-over-year change
May 29, 2025
+46.8 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The most significant observable driver of gross margin expansion was that revenue growth considerably outpaced the growth in cost of revenue.
Compared to the immediately preceding quarter, revenue, gross profit, and gross margin were all higher, while cost of revenue was slightly higher. Versus the same quarter one year earlier, all metrics improved, with gross margin markedly higher.
Monitor the relationship between revenue and cost of revenue, as cost of revenue remained relatively flat despite a large revenue increase; any shift in this dynamic could affect gross margin.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Micron Technology, Inc. (MU) | 84.6% |
| Advanced Micro Devices, Inc. (AMD) | 52.8% |
| Intel Corporation (INTC) | 39.4% |