As of Q1'26 (2025-11-27), MU reported a gross margin of 56%, an operating margin of 44.98%, and a net profit margin of 38.4%. This marks a significant improvement compared to previous quarters, with all margin metrics reaching their highest levels in the period shown. From Q2'23 to Q1'26, the company’s profit margins have demonstrated a strong recovery trend. Gross, operating, and net profit margins all started in negative territory in early 2023, reflecting challenging business conditions. However, beginning in Q2'24, margins turned positive and have continued to expand steadily each quarter. The consistent upward trajectory, particularly the sharp margin expansion over the last year, indicates robust operational improvements and enhanced profitability for MU over the observed period.