Financial Performance - Micron reported revenue of 8.05billionforfiscalQ22025,adecreaseof7.58.71 billion in the prior quarter but an increase of 38.5% from 5.82billionyear−over−year[3]−GAAPnetincomeforthequarterwas1.58 billion, or 1.41perdilutedshare,comparedto1.87 billion and 1.67perdilutedshareinthepreviousquarter[3]−Non−GAAPnetincomeforQ22025was1.783 billion, down 12.5% from Q1 2025's 2.037billion[17]−GAAPdilutedearningspershareforQ22025was1.41, compared to 1.67inQ12025,reflectingadeclineof15.91.56, down 12.8% from 1.79inQ12025[17]CashFlowandInvestments−Operatingcashflowincreasedto3.94 billion, up from 3.24billioninthepriorquarterandsignificantlyhigherthan1.22 billion in the same period last year[3] - Micron's investments in capital expenditures for the quarter were 3.09billion,withadjustedfreecashflowreportedat857 million[3] - Adjusted free cash flow for Q2 2025 was 857million,significantlyupfrom112 million in Q1 2025[19] - GAAP net cash provided by operating activities for Q2 2025 was 3.942billion,anincreasefrom3.244 billion in Q1 2025[19] Revenue Guidance - The company expects fiscal Q3 revenue to be approximately 8.80billion,withagrossmarginguidanceof35.58.80 billion, with a gross margin of 35.5% ± 1.0%[22] - Non-GAAP diluted earnings per share guidance for Q3 2025 is projected at 1.57±0.10, reflecting adjustments for stock-based compensation and tax effects[22] Market Performance - Micron's gross margin for fiscal Q2 was 36.8%, down from 38.4% in the previous quarter but up from 18.5% year-over-year[3] - Micron's data center revenue tripled year-over-year, driven by strong AI demand and execution[2] - The launch of the 1-gamma DRAM node is expected to extend Micron's technology leadership in the market[2] Cash and Assets - Micron ended the quarter with cash, marketable investments, and restricted cash totaling $9.60 billion[3]
Micron Technology(MU)2025-03-20 20:00