Micron Emerges as One of Most Profitable U.S. Companies as AI Memory Boom Lifts Q3 Results
- Micron Technology posted fiscal Q3 2026 revenue of $41.46 billion and net income of $28.24 billion, driven by surging demand for high-bandwidth memory (HBM) used in AI data centers, according to MarketWatch.
- The results place Micron behind only Nvidia and Alphabet in projected U.S. operating income, marking a dramatic ascent for a chipmaker long seen as a cyclical player.
- The profitability surge underscores how AI infrastructure spending is reshaping earnings power across the semiconductor value chain, with memory now commanding pricing power similar to leading-edge logic (https://www.marketwatch.com/bulletins/redirect/go?g=072da624-46e8-4547-aff5-2a9dc032cbef&mod=mw_rss_bulletins).