Press release
Micron Technology, Inc. Reports Results for the Third Quarter of Fiscal 2025
Record revenue in fiscal Q3 with growth across end marketsFiscal Q4 revenue projected to grow another 15% sequentially BOISE, Idaho, June 25, 2025 (GLOBE
About this update from Micron Technology, Inc.
[{"type":"text","content":"Record revenue in fiscal Q3 with growth across end marketsFiscal Q4 revenue projected to grow another 15% sequentially BOISE, Idaho, June 25, 2025 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced results for its third quarter of fiscal 2025, which ended May 29, 2025. Fiscal Q3 2025 highlights Revenue of $9.30 billion versus $8.05 billion for the prior quarter and $6.81 billion for the same period last yearGAAP net income of $1.89 billion, or $1.68 per diluted shareNon-GAAP net income of $2.18 billion, or $1.91 per diluted shareOperating cash flow of $4.61 billion versus $3.94 billion for the prior quarter and $2.48 billion for the same period last year “Micron delivered record revenue in fiscal Q3, driven by all-time-high DRAM revenue including nearly 50% sequential growth in HBM revenue. Data center revenue more than doubled year-over-year and reached a quarterly record, and consumer-oriented end markets had strong sequential growth,” said Sanjay Mehrotra, Chairman, President and CEO of Micron Technology. “We are on track to deliver record revenue with solid profitability and free cash flow in fiscal 2025, while we make disciplined investments to build on our technology leadership and manufacturing excellence to satisfy growing AI-driven memory demand.” Quarterly Financial Results(in millions, except per share amounts)GAAP(1) Non-GAAP(2)FQ3-25FQ2-25FQ3-24 FQ3-25FQ2-25FQ3-24 Revenue$9,301 $8,053 $6,811 $9,301 $8,053 $6,811 Gross margin 3,508 2,963 1,832 3,623 3,053 1,917 percent of revenue 37.7% 36.8% 26.9% 39.0% 37.9% 28.1%Operating expenses 1,339 1,190 1,113 1,133 1,046 976 Operating income 2,169 1,773 719 2,490 2,007 941 percent of revenue 23.3% 22.0% 10.6% 26.8% 24.9% 13.8%Net income 1,885 1,583 332 2,181 1,783 702 Diluted earnings per share 1.68 1.41 0.30 1.91 1.56 0.62 For the third quarter of 2025, investments in capital expenditures, net(2) were $2.66 billion and adjusted free cash flow(2) was $1.95 billion. Micron ended the quarter with cash, marketable investments, and restricted cash of $12.22 billion. On June 25, 2025, Micron’s Board of Directors declared a quarterly dividend of $0.115 per share, payable in cash on July 22, 2025, to shareholders of record as of the close of business on July 7, 2025. Business Outlook The following table presents Micron’s guidance for the fourth quarter of 2025:...