$MUB Micron becomes one of the most profitable companies in the US
The memory chipmaker posted $28.24 billion in net income for a single quarter, riding AI demand to profitability levels that rival the biggest names in tech
Micron Technology just posted the kind of quarter that makes accountants do a double-take. The memory chipmaker reported fiscal Q3 2026 revenue of $41.46 billion, a figure that looks even more staggering when you consider it was just $9.3 billion in the same period a year ago.
That is not a typo. Revenue grew more than 4x year-over-year, and the profits followed suit. GAAP net income came in at $28.24 billion, up from $1.89 billion in the prior year.
The memory chipmaker posted $28.24 billion in net income for a single quarter, riding AI demand to profitability levels that rival the biggest names in tech
Micron Technology just posted the kind of quarter that makes accountants do a double-take. The memory chipmaker reported fiscal Q3 2026 revenue of $41.46 billion, a figure that looks even more staggering when you consider it was just $9.3 billion in the same period a year ago.
That is not a typo. Revenue grew more than 4x year-over-year, and the profits followed suit. GAAP net income came in at $28.24 billion, up from $1.89 billion in the prior year.