Micron's Gross Margins Soar to 84.9% as Memory Chip Shortage Reshapes Tech Economics

Micron reported a dramatic 45.9 percentage-point increase in gross margins to 84.9% in its latest earnings, driven by a global memory chip shortage that has pushed pricing power into the supplier's favor. The surge positions the memory chipmaker among the industry's most profitable operators, outpacing margins achieved by Nvidia and Meta during the same period.

Why it matters: This margin expansion reveals how supply constraints in critical chip categories are reshaping profitability across the entire tech stack, with downstream effects on AI infrastructure costs and hardware economics.