MU · 10-Q · 2026Q2 · Full report
Gross Margin Drivers
MICRON TECHNOLOGY INC · 2026-06-25 · Importance 69 · Surprise 64 · No source text
Consolidated gross margin increased to 85% in the third quarter of 2026 from 74% in the second quarter and 38% in the third quarter of 2025. Nine-month 2026 gross margin reached 77%, compared with 38% in the prior-year period. Margin expansion was driven primarily by higher average selling prices for both DRAM and NAND, with additional benefits from favorable product mix, strong execution, and manufacturing cost reductions.
Key facts
- Consolidated gross margin percentage for Q3 2026: 85%. source
- Consolidated gross margin percentage for Q2 2026: 74%. source
- Consolidated gross margin percentage for Q3 2025: 38%. source
- Consolidated gross margin percentage for the first nine months of 2026: 77%. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| margin | positive | realized | +11.0% | Consolidated gross margin percentage for Q3 2026: 85%. |