Micron Guided to an 86% Gross Margin. No Memory Maker Has Ever Held a Number Like That for Long.

Micron Guided to an 86% Gross Margin. No Memory Maker Has Ever Held a Number Like That for Long.

The last time the memory specialist set a margin record, the number fell by more than half within a year.

Micron Guided to an 86% Gross Margin. No Memory Maker Has Ever Held a Number Like That for Long

When Micron Technology (NASDAQ:MU) issued its fiscal fourth-quarter outlook in late June, one number stood out even in a report full of them: a gross margin of about 86%, on revenue of $50 billion, plus or minus $1 billion. Put another way, management expects to spend only about 14 cents of each…