Nikkei: Memory Chip Makers Topped 5 Big US Tech Giants on Operating and Net Profit for First Time

Nikkei reports that five leading global memory chip suppliers logged higher total operating and net profits than five big US tech companies last quarter for the first time, as AI demand outpaces supply. The milestone follows record September-quarter earnings at SK Hynix, Samsung, and Kioxia with operating margins around 80%, while Micron's fiscal 2026 revenue rose 256% to $133.2 billion. The shift signals that memory producers are capturing an outsized share of the AI value chain versus hyperscaler customers.