Micron now has an 88% margin on consumer memory
Micron's consumer business is its most profitable by margin according to the company's fiscal Q4 2026 financial report, despite shipping less memory in the quarter.
Micron Technology released its Q4 2026 financial results on Wednesday, announcing a record revenue of $54.23 billion, up nearly five times compared to the same period last year. The Mobile and Client business unit, which deals with consumer memory, played a significant role in this achievement, contributing to a record 88% operating margin.
Despite shipping fewer bits of memory than other units, this business unit's low cost of running the consumer business relative to its revenue is noteworthy. The Mobile and Client unit also posted a 29% operating margin in the previous fiscal year. Overall, Micron's margins have shown a significant improvement year-over-year, with the Core Data Center unit increasing from 25% to 85% and the Automotive and Embedded unit climbing from 20% to 79%.
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