Micron Technology (MU) reported its revenue per employee doubled to $1.7 million in May 2026, marking a significant productivity explosion over nine months. The company's GAAP gross margin expanded to 84.6% in fiscal Q3 2026, with free cash flow surging to $18.304 billion. Micron's shares closed at $958.73 on August 31, 2026, up 706.89% over one year, pushing its market capitalization near $1.08 trillion. CEO Sanjay Mehrotra expects tight DRAM and NAND conditions to persist beyond calendar 2027, stating that AI is still in its "very, very early innings."