Micron's Quarterly Revenue Quadruples, 84.9% Margin Tops Nvidia

U.S. memory maker Micron Technology reported third-quarter results in late June 2026 showing revenue quadrupling year over year to $41.45 billion, net income of $28.2 billion, and a record gross margin of 84.9%. Driven by demand for high-bandwidth memory (HBM) in AI data centers, a growing view on Wall Street now casts the company as "the next Nvidia." Earnings details