A method of forming an integrated circuit structure includes forming a bottom electrode layer over a substrate; forming magnetic tunnel junction (MTJ) layers over the bottom electrode layer; patterning the MTJ layers to form a MTJ stack; forming a dielectric layer covering the MTJ stack; forming an opening in the dielectric layer to expose a portion of the MTJ stack; filling the opening with a top electrode material; and performing a planarization to the top electrode material. After the step of performing the planarization, the top electrode material and the dielectric layer are patterned, wherein a first portion of the top electrode material in the opening forms a top electrode, and a second portion of the top electrode material forms a metal strip over the dielectric layer and connected to the top electrode.