Micron's 85% Gross Margin Tops Meta, Microsoft, and Google -- Here's Why It Could Climb Even Higher

Micron’s fiscal third-quarter results showed an 84.9% gross margin, surpassing Meta, Microsoft, and Alphabet, with the gap widening as AI-driven DRAM pricing lifts supplier earnings. The article attributes the surge to memory becoming a critical bottleneck for AI infrastructure, where only Micron, Samsung Electronics, and SK Hynix produce advanced memory at scale, accounting for about 90% of the market. As hyperscalers expand data centers, supply has struggled to keep pace, helping prices roughly double over the past year. It also notes Apple CEO Tim Cook criticized “memory inflation,” calling it a “hundred-year flood,” while Micron argues the industry has endured thin margins before.