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Micron’s Q3 Revenue Jumps as Gross Margin Expands; Productivity Tops $1.7M

Micron Technology logoMicron Technology
Sig3.25Sen+7.10Env0.00Soc0.00Gov0.00

Micron reported fiscal Q3 2026 revenue of $41.456 billion, up 345.72% year over year, while operating expenses rose only to $1.738 billion. GAAP gross margin expanded to 84.6%. Free cash flow increased from $803 million in Q4 2025 to $18.304 billion in Q3 2026. Revenue per employee was estimated at $1.7 million, and Q4 guidance calls for $50.0 billion revenue ± $1.0 billion.

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