Micron Reports 81% Gross Margin in Q3 Forecast

Micron forecasts 81% gross margin for fiscal third quarter, up from 75% in prior quarter, driven by 60% to 70% year-over-year price increases in DRAM and NAND. The rise reflects AI-driven demand outpacing supply, boosting margins amid record revenue of $23.86 billion in prior quarter. The metric signals pricing power and could confirm sustained AI-related demand growth.