Micron's latest gross margin approaches 85%, surpassing Nvidia to become the new profit king among major US tech stocks

According to financial reports, Micron's latest gross margin reached as high as 84.9%, far surpassing the previous period's 74.9% and the 39% recorded in the same period last year. It has also overtaken Meta's 81.9% and Nvidia's 75%.

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. (CNBC)