As of Q1'26 (2025-11-27), Micron Technology (MU) reported net income of $5.24B, marking its highest quarterly profit in the period shown. The year-over-year net income growth rate for this quarter was 180.2%, indicating a substantial improvement compared to the same quarter in the previous year. From Q2'23 to Q1'26, MU’s net income trend shifted dramatically from significant losses to robust profitability. The company moved from a low of -$2.31B in Q2'23 to positive net income starting Q2'24, with consistent growth each quarter thereafter. The YoY growth rates turned positive in Q2'24 and remained strong, peaking at 467.8% in Q3'25, reflecting a sharp turnaround and sustained earnings momentum over the last two years.